Transfer Funds to Other Bank's Account

Transfer funds easily to other Bank's account via digibank.

Part of: Guides > Go Shopping with POSB, Your Guide to digibank Online


Transfer using FAST (Instant) or Interbank Funds Transfer (Non-Instant)

  • FAST is an electronic service that lets you transfer funds immediately between participating banks.
  • For banks not participating in FAST, fund transfers will not be immediate and will be completed within 2-3 business days:
    • For funds submitted before 8pm on a working day, funds will be available after 2 working days.
    • For funds submitted after 8pm on a working day, funds will be available after 3 working days.

How to Transfer Funds to Other Bank's Account

There are various channels which you may Transfer Funds to Other Bank's Account. The most convenient method would be via digibank Mobile.

digibank Mobile
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1
Step 1
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.
2
Step 2
Under Home, click on Pay & Transfer.
3
Step 3
Select Local Fund Transfer.
4
Step 4
Select the Recipient you wish to transfer to.
(You may learn how to Add a Local Recipient.)
5
Step 5
Select the Fund Source you wish to transfer from and enter the Amount you wish to transfer. Tap Next.
6
Step 6
Review the details and tap Transfer Now to complete the transfer.
7
Step 7
Your transfer to other bank's account is completed.
Get the latest POSB digibank Mobile app now!
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1
Step 1
Log in to digibank Online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Transfer, click on To Other Bank Account (Fast).
4
Step 4
Select the Recipient you wish to transfer to.
(You may learn how to Add a Local Recipient)
5
Step 5
Select the Account you wish to transfer from and enter the Amount you wish to transfer.
Select the Purpose of Transfer and add Comments for the recipient if you wish to. Click Next.
6
Step 6
Review the details and click Submit to complete the transfer.
7
Step 7
Your transfer to other bank's account is completed.


How to Transfer in Foreign Currencies to Other Local Banks

You can perform a funds transfer in foreign currencies to another local bank through Telegraphic Transfer, where agent fees will apply. There are various channels available and the most convenient method would be via digibank Mobile.

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Click on the steps to view screens
1
Step 1
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.
2
Step 2
Tap Pay & Transfer followed by the Overseas icon.
3
Step 3
Select the recipient you wish to make transfer to.
(If the recipient is not in your pre-arranged list, follow the steps in Add Overseas Funds Transfer Recipient)
4
Step 4
Select the Fund Source, Amount, Purpose of Transfer. Tap Next.
5
Step 5
Review the Transfer details and tap Transfer Now.
6
Step 6
Your oversea funds transfer transaction has been submitted for Processing.
Get the latest DBS digibank Mobile app now!
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1
Step 1
Log in to digibank Online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Transfer, select DBS Remit and Overseas Transfer.
4
Step 4
Select the Recipient you wish to make transfer to.
(If the Recipient is not in your pre-arranged list, follow the steps in Add Overseas Funds Transfer Recipient)
5
Step 5
Enter the Transfer Details.
6
Step 6
Enter your Recipient Details.
Read and acknowledge the Terms and Conditions governing Telegraphic Transfer.
Click Next.
7
Step 7
Verify the transfer details and click Submit.
8
Step 8
Your oversea funds transfer transaction has been submitted for Processing.
You can visit us at one of our DBS/POSB Branches or by filling up a Telegraphic Transfer Form and mail it to us:

  • 2 Changi Business Park Crescent,
    #07-05,
    DBS Asia Hub Lobby B, S486029

Note :
  • This service is only available for DBS/POSB Savings/Current Account holders.
  • Recipient will generally receive funds within 2 to 4 working days.
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