Transfer Funds to Other Bank's Account

Transfer funds easily to other Bank's account via digibank.

Part of: Guides > Go Shopping with DBS, Your Guide to digibank Online

Transfer using FAST (Instant) or Interbank Funds Transfer (Non-Instant)

FAST is an electronic service that lets you transfer funds immediately between participating banks.
For banks not participating in FAST, fund transfers will not be immediate and will be completed within 2-3 business days:
- For funds submitted before 8pm on a working day, funds will be available after 2 working days.
- For funds submitted after 8pm on a working day, funds will be available after 3 working days.
Click here for a list of the participating banks, non-bank financial institutions (NFIs) and account types for funds transfer. Some banks and NFIs are only able to receive funds transfer via FAST.

How to Transfer Funds to Other Bank's Account

There are various channels which you may Transfer Funds to Other Bank's Account. The most convenient method would be via digibank Mobile.

digibank Mobile

Step 1
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 2
Under Home, click on Pay & Transfer.

Step 3
Select Local Fund Transfer.

Step 4
Select the Recipient you wish to transfer to.
(You may learn how to Add a Local Recipient.)

Step 5
Select the Fund Source you wish to transfer from and enter the Amount you wish to transfer. Tap Next.

Step 6
Review the details and tap Transfer Now to complete the transfer.

Step 7
Your transfer to other bank's account is completed.

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digibank Online

Step 1
Log in to digibank Online with your User ID & PIN.

Step 2
Complete the Authentication Process.

Step 3
Under Transfer, click on To Other Bank Account (Fast).

Step 4
Select the Recipient you wish to transfer to.
(You may learn how to Add a Local Recipient)

Step 5
Select the Account you wish to transfer from and enter the Amount you wish to transfer.
Select the Purpose of Transfer and add Comments for the recipient if you wish to. Click Next.

Step 6
Review the details and click Submit to complete the transfer.

Step 7
Your transfer to other bank's account is completed.

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How to Transfer in Foreign Currencies to Other Local Banks

You can perform a funds transfer in foreign currencies to another local bank through Telegraphic Transfer, where agent fees will apply. There are various channels available and the most convenient method would be via digibank Mobile.