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Funds Transfer
Transferring money to another person's account is now a breeze. Just log on to DBS iBanking and you can easily transfer money either to your own, your family member's or friend's account. It doesn't matter whether it is a DBS/POSB or another bank's account.

Funds Transfer
  • To Own Account*
    You can transfer money between your DBS Savings/Savings Plus, S$ Current, Autosave & Cashline, and POSB Savings, Current & Children Development Account. You may also set your transfer date up to 30 days in advance. Your credit card can also be used as a debiting account and the cash advance and interest fee will apply.
  • To 3rd Party Account (DBS/ POSB account)
    You can transfer money to another person's DBS Savings/Savings Plus, S$ Current & Autosave, and POSB Savings, Current & Children Development Account, or to a company's DBS Current/Corporate Plus Account. You may also set your transfer date up to 30 days in advance. Your credit card can also be used as a debiting account and the 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.
  • To Other Bank's Account
    You can transfer money to another bank's account other than DBS'/ POSB's. You may also set your transfer date up to 30 days in advance. Your credit card can also be used as a debiting account and the 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.

Funds Transfer Application
  • 3rd Party Funds Transfer Application
    You have to add payee record using one time password before you can transfer funds to a DBS/POSB account. Upon application, you can begin transferring funds to another DBS/POSB account.
  • Interbank Funds Transfer Application
    You have to add payee record using one time password before you can transfer funds to other bank's account. Upon application, you can begin transferring funds to the account.

Funds Transfer Termination
  • 3rd party funds transfer termination
    You may terminate inactive DBS/POSB payee records.
  • Interbank funds transfer termination
    You may terminate inactive Interbank payee records.

Funds Transfer Limit Management
You can manage your own daily transfer limits for the 3rd Party Funds Transfer and Interbank Funds Transfer services.


Deactivate Funds Transfer Services
You may choose to deactivate the 3rd Party Funds Transfer and/or Interbank Funds Transfer if you do not wish to make use of the service.


View / Delete Future Funds Transfer
You may view the details/status of your future dated 1st Party, 3rd Party and interbank funds transfers, and delete pending transfers.
 
Additional Information
*This service is also available to corporate customers (with the exception of using corporate credit card as a debiting account)
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