Set up Standing Instruction for Local Funds Transfer

Set up a recurring local funds transfer via digibank Online.

Banking Part of: Guides > Your Guide to digibank Online

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 digibank Online:

  • Log in to digibank Online with your User ID and PIN.
  • Under Transfer, select More Transfer Services.
  • Under Other Services, select Set up Standing Instruction and Complete the Authentication.
  • To:
    • Select the Account you wish to transfer to.
    • Indicate the Recipient's Name Recipient's/Customer's Reference (if any)
  • From:
    • Select the Account you wish to transfer from.
  • Standing Instructions:
    • Indicate the Payment Amount;
    • Indicate the First Payment Date;
    • Indicate the Payment Frequency;
    • Indicate the Last Payment Date and Amount (if any).
  • Click Next followed by Submit to set up the Standing Instruction.

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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