FX Services | POSB Singapore

Unlock the world with DBS FX Services

At a GlanceWhether you’re looking to exchange currencies for your travels, save more on your online sprees, send funds to loved ones or seize global investment opportunities, you’ve come to the right place.Our FX solutions are designed to simplify your transactions, provide you with the best value for your international adventures, all while prioritising the security of your currencies and payments.Explore the possibilities using DBS FX and experience savings, convenience and flexibility for your global pursuits today.

Adventurous Globetrotters

Access 11 currencies instantly via digibank at attractive exchange rates with no overseas transaction fees when you spend from your foreign currency wallet.

International Shoppers

Earn 2% cashback and save big on all your foreign currency spend including online purchases on Amazon, Macy’s, ASOS and more.

Cross-border Providers

Fund your child’s education, make regular overseas payments and support loved ones from afar with same-day transfers at S$0 fees to 50+ destinations.

Astute Investors

Gain access to foreign exchange markets and take advantage of currency fluctuations to maximise your returns.

For your next tripEnjoy worry-free adventures

Never run out of foreign currency overseas. Exchange and store up to 11 foreign currencies at competitive rates anytime, anywhere on digibank.Shop, dine and live like a local overseas without worrying about overseas transaction fees with your linked DBS Visa Debit Card. Plus, you can easily convert your excess foreign currency back after your trip.Apply now

DBS Visa Debit Card

Apply now

To apply through your digibank mobile app:
Launch digibank app, login, select More > Apply > Cards.

Online purchase & transfer spare change back to your accountSave big on your retail therapy worldwideGet 2% cashback when you shop online or overseas with your DBS Visa Debit Card.Simply ensure you have enough money in the respective foreign currency wallet in your My Account and we’ll automatically debit the funds in the currency of your transaction.And the best part, no pesky overseas transaction fees! So you get to save big on what you want, every time.For example, if you are making a purchase worth AUD $50, with other payment methods you’ll pay S$45.22. However, with DBS Visa Debit Card, you’ll only pay S$43.80, saving S$1.42 on card transaction fees. (Assuming an exchange rate of 0.876 AUD/SGD.)Have you exchanged foreign currency but have leftover funds? You can transfer the remaining amount back to your accounts easily and conveniently in just a few taps!

Safe & Instant with remit trackerSend your love to those who matter, with easeRegularly sending money to support your child studying overseas or loved ones in another country ? We understand the importance of swift and secure money transfers overseas.With DBS Remit, you can enjoy zero fees and same-day transfers to 50+ destinations in 19 currencies. Just 3 taps on digibank and you’re done.You can also now schedule recurring transfers. It’s easy. Its timely. Its ready to go. And with our tracking feature, you know when your hard-earned money reaches its destination.

For growing your wealthSeize global opportunities to grow your wealthEquities: Access 7 key global equity markets including US and Hong Kong with a DBS Vickers Account paired with your DBS My Account or Multiplier Account. Easily convert currencies when FX rates are in your favour and buy your stocks when the time is right.Unit Trusts: Spread out your risk by diversifying your portfolio beyond our shores through USD or other foreign currency denominated unit trusts online.

digiPortfolio: Tap on the expertise of our discretionary portfolio managers with our range of ETF and Unit Trust portfolios. SGD100/USD100 to start. Learn about digiPortfolio here.Deposits: New to investing? Consider deposits by taking advantage of attractive USD interest rates in our Multiplier Account or into Foreign Currency Fixed Deposits.

Zero anxiety with payment securityYour security, our top priorityEmbark on your global adventures with confidence knowing your money is safe with us with these security features.Secure your card anytime: With DBS Payment Controls, you can lock/unlock your card and selectively enable card transaction functions in just a few quick taps.Customise your limits: Set spending and transfer limits based on your needs to prevent overspending or unauthorised large transactions.Transaction alerts: Know exactly where your money is going at all times with digibank push notifications.

DBS Currency ConverterAs a DBS customer, you will have access to foreign exchange services online via our internet and mobile banking platforms. This currency converter displays the Bank’s latest Retail Board Rates.Preferential rates may be applicable to your transaction. Log in to find out more.
Rates here are indicative and may change without prior notice.

Useful guides

How to link your DBS Visa Debit Card to your DBS My Account / Multiplier Account

Log in to digibank mobile
Upon successful login, tap “More”
Under “Manage Cards & Loans”, select “Link Card to Account”
Select the Card you wish to link your My Account to
Verify the details and tap “Confirm” to complete the card linkage

How to exchange foreign currencies using DBS Multi-Currency Account

Step 1
Log in to your digibank app.

Step 2
Tap Pay & Transfer.

Step 3
Tap Exchange Currency.

Step 4
Select the Fund Source you wish to transfer from and a recipient account.

Step 5
Choose the currency you want to exchange, enter the amount, review the indicative exchange rate, and tap Next.

Step 6
Review the exchange details and tap Transfer now before the rate expires.

Step 7
Your foreign currency exchange is now completed.

How to send money in 3 steps with DBS Remit

Remit in 3 steps. Zero fuss.
Save time anytime with hassle-free sending:

Step 1
Tap Overseas Transfer

Step 2
Enter amount and recipient

Step 3
Review and Send

How to trade with DBS Vickers

Online Trading Platform

For an introduction to the Online Trading Platform and to learn more about all the available features, download our user guides (for desktop / mobile app).

How to place a foreign currency fixed deposit on digibank

Step 1
Log in to your digibank app. Under Home, Select "Deposits" and tap on "Fixed Deposit Account".

Step 2
Select "Place Fixed Deposit" to make a new Fixed Deposit placement.

Step 3
Select the "Account" you wish to transfer from, "Currency", "Amount", "Placement" Period and tap "Next".

Step 4
Select your preferred Maturity Instruction. For "Withdraw Principal and Interest" and "Renew Principal and Withdraw Interest" instructions, select the Crediting Account.

Step 5
For foreign currency placements, you can choose to credit proceeds into your SGD or foreign currency wallet upon maturity¹.

Step 6
Tap "Next". Review the details and tap "Place Now" to complete the placement.

Step 7
Your foreign currency exchange is now completed.

¹ When the transaction involves conversion of one foreign currency to another, foreign currency deposits are subject to exchange rates which may give rise to capital gains or losses. You can select the same currency as your foreign currency Fixed Deposit to prevent this.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.

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Unlock the world with DBS FX Services

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