Pay with ease

Local Funds Transfer

Fast and convenient ways to transfer funds between accounts over mobile, internet and ATM banking channels.

Local Transfers

Product Details

 

Transfer using PayNow NEW
(To Mobile Number or NRIC/FIN)

Transfer to other Bank’s accounts

Transfer to your own or other DBS accounts

digibank App

Fee: S$0

Fee: S$0 (via FAST)

Fee: S$0

Availability: 24x7

Availability: 24x7

Availability: 24x7

Internet Banking

Fee: S$0

Fee: S$0 (via FAST)

Fee: S$0

Availability: 24X7

Availability: 24x7

Availability: 24x7

Branches

Not Available

Fee: S$20 (via MEPS)

Fee: S$0

Not Available

Availability: Yes

Availability: Yes

PayNow

  • PayNow is an instantaneous way for you to transfer SGD funds to someone within Singapore, using his/her mobile number or NRIC/FIN number

    PayNow is available on iBanking, digibank app and Paylah!

How to transfer using PayNow

Sending money

  • Please note that PayNow is only available for participating banks
  • Login to DBS iBanking or digibank app
  • Under 'Transfer', select 'To Mobile Number or NRIC (PayNow)'
  • Enter recipient’s Mobile Number or NRIC and initiate the transfer

Receiving money

  • Register your Mobile Number and/or NRIC/FIN for PayNow via iBanking, digibank app
  • Ask the sender to send funds to your Mobile Number or NRIC/FIN via PayNow

Learn More

FAST

  • FAST (Fast and Secure Transfer) is an electronic funds transfer service that lets you transfer SGD funds almost instantly from one bank to another within Singapore, up to a maximum of S$50,000 per transaction.

    FAST is available at all branches, on iBanking and on digibank app.

How to transfer using FAST?

Receiving money

  • Inform the sender of your DBS account number
  • Inform the sender to send funds to your account via FAST

Sending money

  • Please note that FAST is only available for participating banks
  • Login to DBS iBanking or digibank app
  • Under 'Transfer', select 'To Other Bank Account (FAST)'
  • Select recipient's bank; enter payment details and SMS message
  • Click 'Submit' and wait for transaction status

Click here for a list of the participating banks and account types for funds transfer

 

iBanking/digibank app

Branches

Payments via FAST

Free

S$20 per transfer

Receipts via FASTFree
Personalised SMSS$0.10

MEPS

  • MEPS (MAS Electronic Payment System) is an online Singapore Dollar (SGD) inter-bank payment and settlement system which allows you to make same day inter-bank transfers if the application is submitted before the cut-off time of 2.00pm on weekdays. Transfers submitted after the cut-off time will be will be effected on the next working day

    MEPS transfers are only available at branches at S$20 per transfer.

  • Online Cheques & Drafts:  PayEasy enables you to send cheques to someone when you do not have access to your cheque book or when the receiving party requires a bank draft. We mail out cheques on your behalf for free — all you need to do is log in to iBanking and make the transfer. You can also send foreign bank drafts.
  • Cashier’s Order:  It’s easy to log in to iBanking to send a Cashier’s Order for free. A Cashier's Order (or a Banker’s draft) is a cheque issued by the Bank, payable to your designated recipient.
  • Recurring Funds Transfer:  Also known as Singapore Dollar Standing instructions, this service automatically transfers a fixed amount in SGD from your DBS/POSB Savings or Current Account, to a designated receiving account on a regular basis (e.g. weekly, monthly, quarterly) based on your request.
  • One-time sign up fee - S$10 (via branch), Free (via iBanking)
  • Amendment fee - S$5 (via branch)

Terms and conditions apply.

How to Transfer

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Cashier’s Order / Demand Draft FAQs

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