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 markets within the cut-off times.

Part of: Guides > Your Guide to Overseas Funds Transfer


Important information

  • Overseas funds transfers via DBS Remit submitted before the cut-off timing on a business day will be sent out by DBS on the same day.
  • Overseas funds transfers submitted over the weekend or public holidays of Singapore or the destination country will only be sent out by DBS on the next business day.
  • The amount of your overseas transfer may be earmarked upon submission of request.
  • Possible reasons your overseas funds transfer may be delayed. Learn more.
  • For funds transfers exceeding SGD 200,000, please visit any DBS/POSB branch and our staff will assist you.
  • Learn more about the Fees and Charges relating to Overseas Funds Transfer.
DBS Remit
Markets Cut-off Time for Same Day Transfer (SGT) Same Day Transfer Available Between# Daily Transfer Limit*
Australia (in AUD) 12:00 Monday - Saturday SGD 200,000
Bangladesh Account Transfer & Cash Pickup (in BDT) 11:00 Monday - Thursday SGD 200,000
Learn more
Bangladesh bKash Wallet (in BDT) - Monday to Saturday SGD 200,000
(BDT 124,999 Per Transfer)
Canada (in CAD) 17:00 Monday - Friday SGD 200,000
Eurozone (in EUR) 17:00 Monday - Saturday SGD 200,000
Hong Kong (in HKD) 16:30 Monday - Saturday SGD 200,000
India (in INR) 16:30 Monday - Saturday SGD 200,000
Indonesia (in IDR) 14:00 Monday - Saturday SGD 200,000
Japan (in JPY) 10.30 Monday - Saturday SGD 200,000
South Korea (in KRW) 14:00 Monday - Saturday USD 20,000
Mainland China
(in CNY)**
15:00 Monday - Friday SGD 200,000
(USD 10,000 Per Transaction)
Alipay Wallet in Mainland China
(in CNY)**
- Monday - Friday SGD 200,000
(CNY 50,000 Per Transfer)
Learn more
Malaysia (in MYR) 14:00 Monday - Friday SGD 200,000
(MYR 500,000 Per Transaction)
Myanmar (in MMK) 12:00 Monday - Friday SGD 200,000
(USD 10,000 Per Transaction)
New Zealand (in NZD) 10:00 Monday - Saturday SGD 200,000
Philippines (in PHP)*** 11:00 Monday - Saturday SGD 200,000
(PHP 490,000 Per Transaction)
GCash Wallet in the Philippines (in PHP)*** 14:00 Monday - Friday SGD 200,000
(PHP 50,000 Per Transaction)
Learn more
Thailand (in THB) 11:30 Monday - Sunday SGD 200,000
(Per Transaction Limit Applies)
Learn more
United Arab Emirates (in AED) 17:00 Monday - Saturday SGD 200,000
United Kingdom
(in GBP)
17:00 Monday - Saturday SGD 200,000
United States (in USD) 17:00 Monday - Saturday SGD 200,000
Vietnam (in VND) 14:30 Monday - Saturday SGD 200,000
(VND 500,000,000 Per Transaction)
  • * Some countries are subjected to a regulation on the amount that can be transferred overseas per transaction. Please note that this restriction does not affect your daily transfer limit to the country.
  • ** All overseas funds transfer to Mainland China is subjected to the regulations of The State Administration of Foreign Exchange of the People's Republic of China. Each Mainland China recipient can receive a maximum of USD 50,000 or equivalent per annum.
  • # Some currencies are processed by DBS Bank on Saturdays as well. However, please note that it may not be received by your recipient if the receiving bank does not operate on Saturday.
Transfer Time Branch Transfers Online Transfers
Recipient will generally receive funds within 2 to 4 working days. Cable/telex charges: S$20 per transaction

Handling commission:
1/8% of the S$ equivalent of remittance amount
  • Minimum fee: S$10
  • Maximum fee: S$120
Additional agent bank charges may apply.
Transfer limit: Up to available account balance.
Cable/telex charges: S$20 per transaction

Handling commission:
  • S$5 for remittance up to S$5000
  • S$10 for remittance up to S$25,000
  • S$35 for remittance above S$25,000
Additional agent bank charges may apply.
Transfer limit: Up to S$200,000 daily.
Destination Currency Same Day Transfer Available Between Daily Transfer Limit
AUD
EUR
GBP
HKD
JPY
NZD
USD
Monday - Saturday SGD 200,000
AED
CAD
CHF
Monday - Friday, before 5:00pm
(PH excluded)
  • Do verify that you have selected the correct foreign currency to be sent to your recipient’s corporate account.
  • Please note that transfers will be capped at the daily overseas transfer limit and will be shared with all overseas transfers submitted.

More information

  • Overseas funds transfer requests can be submitted 24/7 via digibank, apart from scheduled maintenance timings.
  • FX rates for all transfers are locked in 24/7 except for:
    • Transfers via CNY Remit (Mainland China). Rates are confirmed only between 09:15 and 15:00 (SGT) on business days.
    • Transfers via MMK Remit (Myanmar). Rates are confirmed only between 09:25 and 17:00 (SGT) on business days.
    • Transfers of Mauritian Rupee (MUR) and New Taiwan dollar (TWD). Rates for these currencies are confirmed if the application is received from 09:25 to 17:00 (SGT) on business days only.
    • Rates will be indicative on non-business days and public holidays.
  • Preferential FX Rates will be applied automatically when transferring S$50,000 or more via DBS Remit (Excluding DBS Remit to Malaysia, Philippines, Mainland China & Indonesia).
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