What happens if the Direct Debit deduction is unsuccessful?
The Direct Debit payment may be unsuccessful for various reasons, such as payment exceeding your bank's payment limits or due to insufficient funds. We will inform you of the unsuccessful Direct Debit deduction.
- For CPF contributions, we will attempt another deduction seven calendar days after the date of the first unsuccessful deduction. Please make sure you maintain sufficient funds in your bank account or change your payment limits with your bank before the second deduction attempt. Some banks may charge an administrative fee for unsuccessful deductions.
- For voluntary contributions (i.e. Voluntary Contributions to three CPF accounts and Additional Medisave Contribution Scheme), you will need to resubmit the contribution details if the deduction fails.
This information is sourced from CPF
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