Domestic Funds Transfers

Account Transfer

Transfer funds between DBS and POSB accounts quickly and easily

Move money between accounts quickly and easily with DBS Account Transfer. You can make transfers between DBS and POSB accounts in SGD and all major currencies.


Why choose DBS Account Transfer?

  • Complete same-day transfers, even on Saturdays
  • Transfer money in 13 different currencies: SGD, USD, AUD, CAD, EUR, HKD, JPY, NZD, NOK, GBP, SEK, CHF, and THB
  • Leverage DBS’ large account base for faster, cheaper payments


How do I perform Account Transfers?

We recommend you perform account transfers through IDEAL™, our online banking platform, to take advantage of our faster and cheaper service and extended cut-off time.



What types of accounts can I transfer funds to?

You may transfer funds in any currency to your DBS or POSB Current or Savings Account.

What information is required to carry out the Account Transfer?

We simply need you to provide the beneficiary name and account number in order to complete the transfer. It’s important to make sure the details are accurate and complete in order guarantee a fast, error-free payment. Please click here for Singapore bank, branch and transaction codes


How do I apply?

Simply call us at 1800 222 2200, or +65 6222 2200 if you are calling from overseas to apply. Alternatively, please speak with your relationship manager.

Not a DBS SME Banking customer? Enjoy IDEALTM set-up and monthly fee waivers* by starting your DBS Business Account application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
*Terms & Conditions apply

No Minimum Balance Requirement
No Minimum Balance Requirement

The new Digital Account comes with NO MINIMUM BALANCE required.

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Bank, branch and transaction codes
Bank, branch and transaction codes

When setting up a funds transfer from another bank to a DBS or POSB account, please indicate the following bank and branch codes.

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