Transfer Funds to Other Bank Accounts in Singapore

Learn how to send SGD or foreign currency to another DBS/POSB account or a different bank in Singapore. You can also schedule transfers to be sent out on a later date using digibank.

Part of: Guides > Your Guide to digibank

Important information

The recipient's name you enter only serves as reference for you. The transfer is processed based on the account number you provided.

Modes of local funds transfer in SGD

There are various methods to transfer funds to other Bank’s account via digibank:

FAST lets you send Singapore dollars almost instantly to other banks and financial institutions.

Information Required

Recipient's Name
Recipient's Bank Name
Recipient's Bank Account Number

Fees: $0

Transfer Time: Almost Instant

For banks not participating in FAST, fund transfers in SGD will not be immediate and will be completed within 2-3 business days:

Funds submitted before 8pm on a working day, it will be available after 2 working days.
Funds submitted after 8pm on a working day, it will be available after 3 working days.

Information Required

Recipient's Name
Recipient's Bank Name
Recipient's Bank Account Number

Fees: $0

Transfer Time: 2-3 business days

PayNow is an electronic fund transfer service that allows you to transfer SGD funds instantly to a payee, using the payee's designated mobile number or NRIC/FIN number instead of his/her bank account number. Learn more.

Information Required

Recipient’s designated mobile number; or
Recipient’s NRIC/FIN number

Fees: $0

Transfer Time: Almost Instant

The transfer limit is up to S$200,000 daily. Learn more about how to change local funds transfer limits.
If you are transferring funds to the following banks and non-financial institutions (NFIs), you can do so via Transfer to Other Bank Account (FAST) or PayNow. Other methods of transfers are not accepted by these banks and NFIs.

List of Banks and NFIs

GREEN LINK DIGITAL BANK PTE PTD
GPAY NETWORK (S) PTE LTD
LIQUID GROUP PTE LTD
MATCHMOVE PAY PTE LTD
NIUM PTE LTD
SINGCASH PTE LTD
WISE ASIA-PACIFIC PTE. LTD.
XFERS PTE LTD

Refer to the complete list of participating banks and non-bank financial institutions (NFIs) and account types for funds transfer (FAST).

How to transfer SGD to other bank accounts in Singapore

There are various channels which you may transfer funds to another bank account in Singapore with us. The most convenient method would be via digibank mobile.

digibank mobile

Get the latest digibank mobile app now!

digibank online

Log in to digibank online with your User ID & PIN.
Complete the Authentication Process.
Click Pay and transfer on the top menu and under Services, click on Local transfer.
Select your debiting account and the recipient you wish to transfer to.
(You may learn how to Add Fund Transfer Recipient)
Enter the amount you wish to transfer and select the Purpose of transfer.
If you wish to schedule a transfer in advance, select Later, the frequency of the transfer and indicate the date. Click Next.
Verify your transfer details and tap Transfer now to make the transfer.

Already a digibank user?

Forgot User ID or PIN

DBS/POSB ATM (To other DBS/ POSB Account only)

Insert your ATM/Debit Card and key in your PIN.
Press Button for More Services.
Press Button for Funds Transfer/Fixed Deposit.
Select the Account Type to Debit.
Select the Account Type to Credit.
Select TO ANOTHER ACCOUNT.
Indicate the Account Number you wish to transfer to.
Enter the amount.
Verify the Details of the Transaction and press Confirm.

Find the nearest ATM using our Locator.

How to transfer foreign currencies to other banks in Singapore

You can transfer funds in foreign currencies to other banks in Singapore, using the Overseas transfer feature on digibank. Simply follow the steps below.