Pay with ease

Local Transfers

We provide you with the fast and convenient ways to transfer funds between your accounts and other accounts over mobile, internet and ATM banking channels.

Local Transfers

Product Details


 

Transfer to your own DBS Account(s)

Transfer to other DBS Accounts

Transfer to other Bank’s accounts

Mobile Banking

Fee: S$0

Fee: S$0

Fee: S$0(via FAST)

Availability: 24x7

Availability: 24x7

Availability: 24x7

Internet Banking

Fee: S$0

Fee: S$0

Fee: S$0(via FAST)

Availability: 24X7

Availability: 24x7

Availability: 24x7

Branches

Fee: S$0

Fee: S$0

Fee: S$20(via MEPS)

Availability: Yes

Availability: Yes

Availability: Yes

FAST (Fast and Secure Transfer) is a new electronic funds transfer service that lets you transfer SGD funds almost instantly from one bank to another within Singapore, up to a maximum of S$10,000 per transaction.

FAST is available at all branches, on iBanking and on mBanking.

How to transfer using FAST?

Receiving money

  • Inform the sender of your DBS account number
  • Inform the sender to send funds to your account via FAST

Sending money

  • Please note that FAST is only available for participating banks
  • Login to DBS iBanking or mBanking
  • Under ‘Funds Transfer’, select ‘Funds Transfer to Other Banks’
  • Select recipient’s bank; enter payment details and SMS message
  • Click ‘Submit’ and wait for transaction status

Click here for a list of the participating banks

 iBanking/mBankingBranches
Payments via FAST

Free

S$20 per transfer
Receipts via FAST

Free

Personalised SMS

S$0.10

  • MEPS (MAS Electronic Payment System) is an online Singapore Dollar (SGD) inter-bank payment and settlement system which allows you to make same day inter-bank transfers if the application is submitted before the cut-off time of 2.00pm on weekdays. Transfers submitted after the cut-off time will be will be effected on the next working day

    MEPS transfers are only available at branches at S$20 per transfer


  • Online Cheques & Drafts: PayEasy enables you to send cheques to someone when you do not have access to your cheque book or when the receiving party requires a bank draft. We mail out cheques on your behalf for free — all you need to do is log in to iBanking and make the transfer. You can also send foreign bank drafts.
  • Cashier’s Order: It’s easy to log in to iBanking to send a Cashier’s Order for free. A Cashier's Order (or a Banker’s draft) is a cheque issued by the Bank, payable to your designated recipient.
  • Recurring Funds Transfer: Also known as Singapore Dollar Standing instructions, this service automatically transfers a fixed amount in SGD from your DBS/POSB Savings or Current Account, to a designated receiving account on a regular basis (e.g. weekly, monthly, quarterly) based on your request.
  • One-time sign up fee - S$10 (via branch), Free (via iBanking)
  • Amendment fee - S$5 (via branch)

 Terms and conditions apply.

How to Apply