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 TransferImportant information
- For overseas funds transfer via DBS Remit before the cut-off timing on a business day will be transferred the same day.
- For overseas funds transfer received over the weekend or public holiday of the receiving bank will only be credited on the next business day.
- Possible reasons your overseas funds transfer may delayed. Learn more.
- For funds transfers exceeding SGD 200,000, please visit our DBS/POSB branch and our staff will assist you.
- Find out more about the Fees and Charges involved for your 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 - Thursday1 | SGD 200,0002 |
| 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) | - | Monday - Saturday | SGD 200,000 |
| Indonesia (in IDR) | 14:00 | Monday - Saturday | USD 35,000 |
| 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 - Saturday | 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) |
| Thailand (in THB) | 11:30 | Monday - Friday | 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 |
- * 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 transfer limit per annum, per the stated regulation (in Chinese only).
- *** Due to the Covid-19 quarantine situation, our Philippines Peso (PHP) remittance service may encounter service delays for some transfers and all cancellation and/or tracer requests. Cut off timing for transfers above PHP50k will be temporarily changed from 14:00 to 11:00 instead.
- # 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.
- 1 For BDT cash pick-up, recipients can collect cash from BRAC Bank Branch location or Agent Outlet locations on working day between 10 am to 4 pm Bangladesh Standard Time.
- 1 Some Government schedule banks may take longer to credit, when their bank locations are at remote locations (Government Schedule Banks: Sonali Bank, Rupali Bank, Agrani Bank, Janata Bank, Bangladesh Krishi Bank).
- 2 For cash pick-up max. BDT 100,000 can be collected from Agent Banking Outlets location. Click here for list of locations.
Branch and Online Transfers to Other Markets
| 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
Transfer limit: Up to available account balance. |
Cable/telex charges: S$20 per transaction Handling commission:
Transfer limit: Up to S$200,000 daily. |
Transfers to DBS Foreign Currency Corporate Accounts
| 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 the correct foreign currency of the recipient corporate account has been selected.
- Please note that transfers will be capped at the daily overseas transfer limit and will be shared with all overseas transfers submitted.
More information
- 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 may still be earmarked for applications submitted outside the cut-off times or on Public Holidays.
- FX rates for all transfers are locked in 24/7 except for:
- Transfers via CNY Remit. Rates are confirmed only between 09:15 and 15:00 (SGT) on business days.
- Transfers via MMK Remit. Rates for these currencies are confirmed only between 09:25 and 17:00 (SGT) on business days.
- Transfers of MUR and 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 national public holidays.
- Preferential FX Rates (with transfers of S$50,000 or more) is applicable to all DBS Remit services except for Malaysia, Philippines, Mainland China & Indonesia.
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