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Deposit Details

  • The minimum deposit is $500

  • Credit limit = Deposit * Credit Score (determined by our credit scoring team)

  • Credit Limit is capped at $20,000

  • Deposit is made through the Benefit.X App via Bank Transfer or PayNow

  • Deposit is fully refundable (outstanding expenses will be deducted from deposit).

Deposit Placement Guide

Once you have completed the “Get Card” step in the Benefit.X App, follow the steps below and your card will be ready for use. Placing a deposit is mandatory in order to validate your card.

Deposit Method Available:

  1. via Bank Transfer
  2. via PayNow

For Bank Transfer

Step 1 – Choose method

Choose a deposit method Bank Transfer or PayNow

Step 2 – Review your action

Review your action and click on Proceed

Step 3 – Make your transfer

Bank Transfer:

  1. Go to your respective banking app / bank ATM and set us as a recipient by keying in our account number
  2. Make sure you include the reference number where your bank asks for your name or initials in order to help us know the money came from you.
  3. Once you have made your transfer, do go back to the Benefit.X app > Manage Deposit > and click on I’ve made my deposit.

For PayNow

Step 1 – Choose method

Choose a deposit method Bank Transfer or PayNow

Step 2 – Review your action

Review your action and click on Proceed

Step 3 – Make your transfer

PayNow:

  1. Go to your respective banking app and choose the PayNow method by keying in the UEN (Unique Entity Number).
  2. Make sure you include the reference number in the transaction.
  3. Once you have made your transfer, do go back to the Benefit.X app > Manage Deposit > and click on I’ve made my deposit.

Please wait about 1-2 business days for our Finance team to verify the transfer. Once the transfer is verified, you would receive a notification that your card is ready for spending, and the credit limit would be updated in the app.

Deposit Placement Guide

Once you have completed the “Get Card” step in the Benefit.X App, follow the steps below and your card will be ready for use. Placing a deposit is mandatory in order to validate your card.

Deposit Method Available:

  1. via Bank Transfer
  2. via PayNow

For Bank Transfer

Step 1 – Choose method

Choose a deposit method Bank Transfer or PayNow

Step 2 – Review your action

Review your action and click on Proceed

Step 3 – Make your transfer

Bank Transfer:

  1. Go to your respective banking app / bank ATM and set us as a recipient by keying in our account number
  2. Make sure you include the reference number where your bank asks for your name or initials in order to help us know the money came from you.
  3. Once you have made your transfer, do go back to the Benefit.X app > Manage Deposit > and click on I’ve made my deposit.

For PayNow

Step 1 – Choose method

Choose a deposit method Bank Transfer or PayNow

Step 2 – Review your action

Review your action and click on Proceed

Step 3 – Make your transfer

PayNow:

  1. Go to your respective banking app and choose the PayNow method by keying in the UEN (Unique Entity Number).
  2. Make sure you include the reference number in the transaction.
  3. Once you have made your transfer, do go back to the Benefit.X app > Manage Deposit > and click on I’ve made my deposit.

Please wait about 1-2 business days for our Finance team to verify the transfer. Once the transfer is verified, you would receive a notification that your card is ready for spending, and the credit limit would be updated in the app.