Set Up Recurring Funds Transfer (Standing Instruction)
Set up a recurring funds transfer via iBanking.Part of: Guides > iBanking
Our Standing Instruction 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 or quarterly) of your choice.
This free service can be set up via iBanking:
- Log in to iBanking with your User ID and PIN.
- Select Transfer and click on More Transfer Services.
- Under Other Services, click on Set up Standing Instruction.
- Log in with your 6-Digit iB Secure PIN.
- Select the Payee’s Account you wish to transfer to.
- Indicate the Recipient's Name and Recipient's/Customer's Reference(if any).
- Select the Account you wish to transfer from.
- Indicate the Amount, Date of Deduction and Frequency of Transfer.
- Click Next.
- Verify the Details of the Transaction and click Submit.
Note: The earliest payment date is 3 calendar days after setup to allow for processing. For example, Standing Instructions set up on Monday will have the earliest first payment date on Thursday.
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