Can you transfer money from Grab to a bank account?

Transferring Funds from Grab to Your Bank Account

Grab, the ride-hailing and online payment platform, offers limited options for transferring funds from its platform to bank accounts. This guide outlines the restrictions and steps involved in making a transfer.

Restrictions

• Transfers are only possible from a verified Grab profile.
• Funds can only be transferred to a Singapore bank account.
• The transferable balance, excluding Grab holdings like GrabRewards points, is subject to these restrictions.

Steps to Transfer Funds

1. Verify Your Profile: Ensure your Grab profile has been verified through the app’s ID verification process.
2. Open the Grab App: Navigate to the “Wallet” section of the Grab app.
3. Select “Transfer Funds”: Tap on the “Transfer Funds” option.
4. Enter Bank Details: Enter the bank account number and SWIFT code for the recipient bank account.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm Transfer: Review the transfer details and confirm the transaction.

Important Notes

• Transfers may incur fees, depending on the recipient bank.
• Processing times for transfers may vary depending on the recipient bank.
• Funds cannot be transferred from Grab to non-Singapore bank accounts.
• GrabPay Holdings, such as GrabRewards points, cannot be transferred directly to bank accounts.