What is GovCash?
GovCash is a new payment mode that allows Singapore citizens to receive their benefits from Government agencies more quickly and conveniently. Citizens can withdraw the Government benefits in cash from over 500 OCBC ATMs located across Singapore.
GovCash is no less secure than receiving payments via cheque. It has adopted the Singpass facial recognition technology to authenticate users, including a liveness-detection capability that blocks the use of photographs, videos, or masks during the verification process. Singaporeans do not need to have an OCBC bank account to use the GovCash service.
Previously, cheque recipients would have to deposit the cheques or encash them over the bank counters. GovCash allows them to receive their payments at the ATM immediately at any time of the day. They are no longer restricted by the bank's operating hours. Singaporeans who prefer to seek assistance with their GovCash withdrawals can visit the ATMs located within OCBC's branches during operating hours, where OCBC Digital Ambassadors will be present to guide them. In addition, GovCash also allows recipients to use the scan-and-pay function and PayNow transfer option through the LifeSG mobile app.
