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

  • 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.
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
Monday - Saturday SGD 200,000
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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