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 wisht 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.
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