Singapore Gulf Bank (SGB) has partnered with BIT to make investing in U.S. stocks more accessible.

BIT is a digital asset financial services platform offering access to U.S. equities and a range of investment products. Through this integration, eligible users can transfer funds directly from their SGB account to BIT, enabling a faster and streamlined funding experience for U.S. stock investing.

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What this means for users

No deposit fees

Users can transfer funds from SGB to BIT without deposit fees, allowing more of their funds to be invested.

Secure transfers

Funds move through a regulated banking channel, providing a transparent and compliant funding process that meets applicable regulatory requirements.

Faster access to funds

Traditional international transfers can take several business days. Through the SGB and BIT integration, eligible users can benefit from a faster funding experience, enabling quicker access to investment opportunities.

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How it works

1. Open the deposit section in the BIT app and select Wire Transfer.
2. Retrieve the designated receiving account details provided by BIT (Beneficiary name: Matrix Gelephu Pte Ltd).
3. Log in to your SGB account and complete the transfer using the beneficiary details provided.
4. Once the transfer is processed and received, the funds will be credited to your BIT account.

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Who it’s available to:

This feature is available to eligible users who have opened and verified their accounts and meet applicable jurisdictional requirements.

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A simpler way to bank and invest

By connecting SGB’s banking infrastructure with BIT’s U.S. stock brokerage services, eligible users can manage banking and investing more efficiently, without needing to switch between multiple providers.

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Contact us to learn more.