Pay with ease

Overseas Funds Transfer

Same-day transfers at lower fees when you transfer money online to China, India, the Philippines, Indonesia and Hong Kong.

International Transfers

A fast, easy and safe way to move your money to over 150 countries in more than 20 currencies - anytime via mBanking or iBanking, or at our branches.

Product Details

Same-day transfers at lower fees when you transfer money online to Malaysia, China, India, the Philippines, Indonesia and Hong Kong.

Features

  • Competitive and locked-in FX rates round the clock*NEW
  • Same-day transfers before cut-off times^
  • Low fees starting at $0
  • Transfer to any bank in China, India, the Philippines, Indonesia and Hong Kong
  • Convenient transfers anytime, anywhere via iBanking

Transfer funds in 3 easy steps:

1. Click on 'Transfer to An Overseas Account'

2. Select one of the DBS Remit services

3. Input recipient details and payment instructions before clicking 'Submit' (for China Remit, input UnionPay card details of recipient and payment instructions before clicking 'Submit')

Transfer now

Comparison of charges across our services

India | Philippines | Malaysia | Indonesia | China | Hong Kong


India

 

India Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$0

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 8.00am and 4.30pm from Mondays to Fridays, excluding Public Holidays.

Note:Same-day transfers are also subject to bank holidays in India, in addition to terms listed below.
Please select DBS Remit-India when performing this transaction via online banking.

Philippines

 

Philippines Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$0

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 8.00am and 11.00am from Mondays to Fridays, excluding Public Holidays.

Note: Please select DBS Remit-Philippines when performing this transaction via online banking


Malaysia

Limited period S$0 fee offer

 

Malaysia Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$0

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 8.00am and 2:00pm from Mondays to Fridays, excluding Public Holidays.

Note: Please select DBS Remit-Malaysia when performing this transaction via online banking


Indonesia

 

Indonesia Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$0

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 8.00am and 2:00pm from Mondays to Fridays, excluding Public Holidays.

Note: Please select DBS Remit-Indonesia when performing this transaction via online banking


China

 

China Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$15

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

No cancellation/
amendment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 7.00am and 10.00pm#.

Note:China remit payment can not be cancelled or amended.
Please select DBS Remit-China when performing this transaction via online banking.

# Same-day transfers to UnionPay cards issued by major banks in China from 7.00am to 10.00pm daily.


Hong Kong

 

Hong Kong Remit

Regular Overseas Fund Transfer

Branch Remittance

Cable/telex charges

S$0

S$20

S$20

Handling commission

S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount equal to or below S$25,000 and S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount (min. S$10, max S$120)

Agent Bank charges

S$0

Where applicable

Cancellation/Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


^Between 8.00am and 4.30pm from Mondays to Fridays, excluding Public Holidays.

Note: Please select DBS Remit-Hong Kong when performing this transaction via online banking

Features:

  • Competitive and locked-in FX rates round the clock*NEW
  • New feature on iBanking - preferential FX rates when you remit amounts above SGD 50,000*NEW
  • Over 150 countries in more than 20 currencies
  • Lowest service fee in the market
  • Next-day funds delivery in most cases
  • Transfer up to SGD 200,000 per day on your mobile phone or online
  • Receive SMS updates on the status of your transactions
  • Transactions backed by Money Safe guarantee

Charges

 

Branch

Internet Banking

Cable/telex charges

$20

$20

Handling Commission

1/8% of S$ equivalent of remittance amount, subject to minimum of S$10 and maximum of S$120

S$5 for debiting amount equal to or below S$5000; S$10 for debiting amount equal to or below S$25000 and S$35 for all other amounts.

Agent Bank Charges

Where applicable

Where applicable

Cancellation/Stop Payment

S$15 per transaction

S$15 per transaction

Amendment fee

S$10 per transaction

S$10 per transaction

Tracer

S$20 per transaction

S$20 per transaction

Terms and conditions apply.
* For selected currencies only. Not available for Malaysian Ringgit (MYR), Bahraini Dinar (BHD), Hungarian Forint (HUF), Kuwaiti Dinar (KWD), Mauritius Rupee (MUR), Polish Zloty (PLN), Qatari Rial (QAR), Vietnamese Dong (VND), Korean Won (KRW) and Taiwanese Dollar (TWD).

With POSB iBanking or mBanking, you can send funds almost instantly from your account to any one with an overseas Visa Card.

  • Convenient: 24/7 access through iBanking or mBanking.
  • Simplicity: Just 3 steps to send money, you only require your recipient’s full name and Visa Card number.
  • Speed and efficiency: Transfers are near real-time, to over 200 million Visa Cards worldwide1.
  • Enhanced security: All transactions are backed by DBS Money Safe Guarantee.
  • Affordability: Service fees as low as S$5.00 per transaction.

Find out more

1Near real-time receipt of funds is available to over 400 overseas card issuers covering more than 200 million Visa Cards. Other card issuers will take 1 to 3 working days to receive the funds

  • Send funds from your existing DBS/POSB MasterCard or from your DBS/POSB bank account linked to your iBanking account.
  • Convenience: Send money online anytime, anywhere with Mobile MasterCard® MoneySend™.

Find out more

Inward Telegraphic Transfer (ITT) is a receipt of funds by SWIFT/Telex from an overseas party.

DBS Bank has a very extensive network of correspondent banks and overseas branches. As such, you can receive funds in various currencies from most parts of the world.

To receive funds from an overseas party, please provide them with the following details:

  • Your name as per the records of DBS Bank
  • Your DBS / POSB Bank account number
  • Name of Beneficiary Bank: DBS Bank
  • Address of Beneficiary Bank: 12 Marina Boulevard, DBS Asia Central, Marina Bay Financial Centre Tower 3, Singapore 018982
  • Country: Singapore
  • SWIFT Address/ Code: DBSSSGSG

You can check your receipt of funds by checking account transaction history via iBanking or Mobile Banking.

Service Charges

For crediting to a SGD or Foreign Currency Current Account – S$10 handling commission

For crediting to a Foreign Currency Fixed Deposit Account – Free

How to Transfer

If you have iBanking

Login now

Not an iBanking customer?

Apply now

Money Safe Guarantee

Your money is 100% safe with us.
Enjoy automatic coverage under our Money Safe Guarantee.