Set up Standing Instruction for Local Funds Transfer
Need to transfer money on a regular basis to a designated account? Learn how you can set up a recurring local funds transfer via digibank Online.Part of: Guides > Your Guide to digibank Online
- A Standing Instruction service automatically transfers a fixed amount in SGD from your DBS/POSB Savings or Current Account to a designated local receiving account on a regular basis of your choice.
- A new standing instruction takes 3 working days to be in effect.
- POSB Kids-Trust Account is not available for Standing Instruction.
How to set up your standing instruction
- Log in to digibank Online with your User ID and PIN.
- Complete the Authentication Process.
- Under Transfer, select More Transfer Services.
- Under Local Transfers, Other Services, select Set up Standing Instruction.
- Select the Account you wish to transfer to and indicate the Recipient's Name & Recipient's/Customer's Reference (if any).
Select your Account you wish to transfer from and indicate the details of your Standing Instructions:
- Payment Amount
- First Payment Date
- Payment Frequency (Monthly, Quarterly, Half-Yearly or Yearly)
- Last Payment Date & Amount (if any)
- Click Next to view the details, followed by Submit to complete the set up of your Standing Instruction.
Apply for digibank Online
- If the date of first payment falls on a Saturday, Sunday or Public Holiday, the system will default it to the next working day (Monday to Friday) and subsequent payment dates remain unchanged.
Setting up standing instructions to transfer funds is not accepted for the following banks and non-financial institutions (NFIs). To transfer funds to these banks and NFIs, please do so via one-time transfers via the 'Transfer to Other Bank Account (FAST)' option or via PayNow.
- GREEN LINK DIGITAL BANK PTE PTD
- GPAY NETWORK (S) PTE LTD
- GXS BANK PTE LTD
- LIQUID GROUP PTE LTD
- MARIBANK SINGAPORE PRIVATE LIMITED
- MATCHMOVE PAY PTE LTD
- SINGCASH PTE LTD
- TRUST BANK SINGAPORE LIMITED
- WISE ASIA-PACIFIC PTE. LTD.
- XFERS PTE LTD
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