DBS now offers a new service for iBanking customers to send funds to overseas beneficiaries.
At your own convenience, you can now transfer money online in 3 simple steps to a Visa Card issued overseas and not worry about hidden fees and exchange rates.
Typically, funds will be successfully transferred within three working days. In some instances, depending on the country and issuer, your beneficiary Visa Card may even receive the funds almost immediately after a transaction is submitted. Should your beneficiary's issuer allow for real-time funds transfers, you will no doubt find that this is a convenient, low-cost and extremely efficient way to perform cross-border transfers from Singapore.
Click here for more information.
You can enquire on the transactions details of your DBS /POSB Singapore Dollar and Foreign Currency Accounts. You may enquire details based on selected date up to the past 2 months, as well as choose from five sorting preferences. The transaction history download function allows you to download your account details in Microsoft Excel format to your personal computer.
You can transfer money between your DBS /POSB Singapore Dollar and Foreign Currency Accounts. Your Cashline and Credit Card can also be used as a debiting account (cash advance interest fees will apply for use of credit card).
You can transfer money to another person's DBS /POSB Singapore Dollar and Foreign Currency Accounts. For Singapore Dollar Accounts, you may also set your transfer date up to 30 days in advance. Your credit card can also be used as a debiting account (cash advance and interest fee will apply). Your Cashline account can also be used to transfer funds to a 3rd party account and the prevailing interest rates will apply.
Use FAST (Fast and Secure Transfer), our new funds transfer service that lets you transfer SGD almost instantly to other banks via iBanking and mBanking. Only applicable to 14 participating banks*. The service fees for FAST Transfers via iBanking and mBanking are currently waived.
What’s more, you can also include a personalised SMS to be sent to your recipient, as well as receive instant notification on the status of your FAST Transfers.
You can also opt for non-instant funds transfer which will take 2 working days.
*FAST will be offered by 14 banks - ANZ Bank, CIMB Bank, Citibank, DBS Bank/ POSB, Deutsche Bank, Far Eastern Bank, HSBC, Maybank, OCBC Bank, RHB Bank, The Royal Bank of Scotland, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank.
Now you can perform adhoc transfer to other bank accounts without adding any payee via iBanking and mBanking. You may use FAST or non-instant funds transfer for this service. Your credit card can also be used as a debiting account (cash advance interest fee will apply). Your Cashline account can also be used to transfer funds to a 3rd party account and the prevailing interest rates will apply.
The default funds transfer limit for your own account and 3rd party account is $5,000 and funds transfer to Other Bank's Account is $1,000. You can manage your own daily transfer limits via the 3rd Party Funds Transfer and Interbank Funds Transfer services.
You may view the details/status of your future dated 1st Party, 3rd Party and Interbank funds transfers, and delete pending transfers.
Set up standing instruction for FREE via iBanking. Choose to transfer a fixed SGD amount from your DBS or POSB savings or current account to a designated crediting account on a regular basis (eg. monthly, quarterly, half-yearly, yearly). The designated crediting account may even be an account belonging to a third party.
Transfer funds across the globe anytime, anywhere via iBanking with our Overseas Funds Transfer services. Click here to find out more.