National Addressing Database (NAD)
What should I do if I change my mobile number that is currently registered as a DuitNow ID with Ryt Bank?
To update your mobile number, check out the (App Security Settings FAQ). Once your mobile number has been successfully updated, your current mobile number will be de-registered and your new mobile number will be automatically updated as your DuitNow ...
Can I switch my DuitNow ID to Ryt Bank if it is currently registered with another bank?
Yes, you can switch your DuitNow ID (i.e., mobile number or NRIC) to Ryt Bank if it is currently registered with another bank as long as it is in active status.
How do I know which bank my DuitNow ID is currently registered to?
You can view your registered DuitNow IDs in the ‘DuitNow Settings’ screen in the app. If you have any registered DuitNow IDs, they will be displayed along with which bank it is currently registered to.
Can a third party register my DuitNow ID to their account number for DuitNow?
No, the Bank will validate the DuitNow ID against the account holder’s information before allowing the registration.
How do I know if a DuitNow ID is correct when I make a payment?
After entering the DuitNow ID, the registered account holder's name will be displayed. You must ensure the name belongs to the intended recipient before confirming the transfer.
Can I register one DuitNow ID with two different bank accounts?
No, one DuitNow ID can only be registered to one bank account at a time.
How do I manage my DuitNow ID?
You can register, deregister, activate, deactivate and switch your DuitNow ID directly from bank app by following steps below: 1. Go to ‘Settings’ 2. Select ‘Account & Limits’ 3. Select ‘Edit DuitNow Settings’ 4. Select your DuitNow ID that you would ...
How do I utilize DuitNow ID for transfers?
You can use DuitNow ID to make transfer by following the steps below: 1. Launch the Ryt Bank app and tap on ‘Transfer’ 2. Select ‘New Transfer’ 3. Select the DuitNow ID of your beneficiary, eg. Mobile number, IC, etc 4. Input your beneficiary’s ...
What is DuitNow ID?
DuitNow ID is an identifier that you can register to your account. You will receive money in your account whenever payment is made to your DuitNow ID. A DuitNow ID can be any of the following: 1. Mobile Number 2. NRIC 3. Army or Police Number 4. ...
What are the benefits of NAD?
The NAD service allows you to receive payments without sharing your bank account details. This may address your privacy concerns while reducing friction in your payment experience.
What is National Addressing Database (NAD)?
The National Addressing Database (NAD) is a central addressing depository operated by PayNet that allows you to link your bank account with your DuitNow ID, so that you can receive payments from a third party by referencing your DuitNow ID.