DBS Remit

Find out why DBS Remit is the better way to transfer money overseas.

Part of: Guides > Your Guide to Overseas Funds Transfer

DBS Remit vs Outward Telegraphic Transfer (OTT)

  • Enjoy $0 transfer fee and same-day transfers with DBS Remit on digibank.
  • With DBS Remit, transfer funds at competitive rates in over 19 supported currencies, to over 50+ locations.
  • For locations where DBS Remit is currently unavailable, cable & handling charges apply. Agent bank charges may also apply.
  • Below is an illustration of the differences between DBS Remit and Outward Telegraphic Transfer (OTT).
    DBS Remit
    Outward Telegraphic Transfer

    (Regular Overseas Funds Transfer Online)

    Australia, Bangladesh, Canada, Eurozone1, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Mainland China, Myanmar, New Zealand, Philippines, Thailand, UK, USA, UAE and Vietnam.
    All other locations
    Speed of Transfer
    Same-day transfer2
    2 – 4 working days3
    Cable / Telex Charges
    Handling Commission
    • $5 for debiting amount equal to or below S$5,000;
    • $10 for debiting amount equal to or below S$25,000;
    • $35 for all other amounts
    Agent Bank Charges
    Where applicable
    1 Eurozone countries include Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, The Netherlands.
    2 Same-day transfer applies when you transfer before the cut-off timing indicated here.
    3 For regular overseas funds transfer to Taiwan in TWD, speed of transfer is 1-2 weeks.
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