DBS Remit

Find out why DBS Remit is the better way to transfer money overseas.

Part of: Guides > Your Guide to Overseas Funds Transfer

Why DBS Remit is better
  • DBS Remit is an all-in-one platform to make overseas online transfers from your mobile.
  • With DBS Remit, you can transfer funds overseas and enjoy same-day transfer at $0 transfer fee.
  • You can transfer to as many as 18 currencies and 50 destinations.
DBS Remit can be used for the following occasions to support your needs

  • Family allowances and/or support (e.g. monetary gifts)
  • Overseas investments (including property, stocks, and time deposits)
  • Personal overseas shopping
  • Overseas education
  • Business expenses (e.g. payment to vendors or suppliers)
  • For locations where DBS Remit is available, you can enjoy same-day transfer at $0 transfer fee when you transfer via digibank. This is applicable when you transfer the currency of your transfer destination (e.g sending AUD to Australia).
  • For locations where DBS Remit is currently unavailable, cable and handling charges apply. Agent bank charges may also apply.
  • Below is an illustration on the difference between DBS Remit and the Regular Overseas Funds Transfer Online.
     
    DBS Remit
    Regular Overseas Funds Transfer Online
    Locations
    Australia, Canada, Eurozone1, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Mainland China, Myanmar, New Zealand, Philippines, Thailand, UK, USA, UAE and Vietnam.
    All other locations
    Speed of Transfer
    Same-day transfer2
    2 – 4 working days3
    Cable / Telex Charges
    $0
    $20
    Handling Commission
    $0
    • $5 for debiting amount equal to or below S$5,000;
    • $10 for debiting amount equal to or below S$25,000;
    • $35 for all other amounts
    Agent Bank Charges
    $0
    Where applicable
    1 Eurozone countries include Austra, Belgium, Cryprus, Estonia, Finland, France, Germany, Greece, Ireland, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugual, Slovakia, Slovenia and Spain.
    2 Same-day transfer applies when you transfer before the cut-off timing indicated here.
    3 For regular overseas funds transfer to Taiwan in TWD, speed of transfer is 1-2 weeks.
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