Timing and Limits for Overseas Funds Transfer

Overseas Funds Transfer will generally be completed within 2 to 4 working days. With DBS Remit, you can now perform same day transfers to selected countries within the cut-off times.

Banking Part of: Guides > Guide to iBanking
DBS Remit
Important: *Overseas funds transfer received over the weekend or public holiday of the receiving bank will only be credited on their next business day.
Countries Cut-Off Time for Same-Day Transfers Transfer Limit
Australia (in AUD) 8:00AM-12:00PM $S200,000 Daily
China (in CNY) 8:00AM-3:00PM $S200,000 Daily
Hong Kong (in HKD) 8:00AM-4:30PM $S200,000 Daily
India (in INR) 8:00AM-4:30PM $S200,000 Daily
Malaysia (in MYR) 8:00AM-2:30PM $S200,000 Daily
Philippines (in PHP) 8:00AM-11:00AM $S200,000 Daily
Indonesia (in IDR) 8:00AM-2:00PM $S40,000 Daily
United Kingdom (in GBP) 8:00AM-5:00PM $S200,000 Daily
United States (in USD) 8:00AM-5:00PM $S200,000 Daily
Eurozone Countries (in EUR) 8:00AM-5:00PM $S200,000 Daily

Note:
  • DBS Remit corridor same-day transfers are only applicable on Monday to Friday within the respective cut off times, except on Public Holidays (Subject to both remitting & receiving country).
  • Applications can be submitted 24/7 but those outside the cut-off times or on Public Holidays will be sent on the next business day. The full remittance amount would still be earmarked for applications submitted outside the cut-off times or on Public Holidays.
  • If you wish to check whether the recipient bank has received the funds, you can send a query to the agent bank to check. A tracer fee of $20 and any agent charges will be incurred per transaction. Please visit any POSB or DBS branch to request.
Branch and Online Transfers to Other Countries
Important: *Overseas funds transfer received over the weekend or public holiday of the receiving bank will only be credited on their next business day.
Transfer Time Transfer Limit
Recipient will generally receive funds within 2 to 4 working days. $S200,000 Daily

Note:
  • FX rates for all transfers are locked in 24/7 except for transfers of BHD, HUF, KRW, MUR, PLN, QAR, TWD and VND. Rates for these currencies are confirmed if the application is received from 8.00am to 5.00pm on business days only.

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