Domestic Funds Transfers

FAST Payment

Make instantaneous SGD interbank funds transfer any time, any day

Why Choose DBS FAST Payment?

  • Save time with instantaneous SGD interbank funds transfer. Your beneficiary will receive the funds within five minutes
  • Pay any time, any day via IDEAL™ 3.0
  • Enjoy greater convenience with this simple and secure SGD funds transfer of up to SGD 200,000
  • Receive real-time email alerts on your payment status
  • Notify your beneficiary via email or SMS for successful transfers

Product Details


You need to have a DBS SGD Business Account and are remitting to beneficiaries of the participating banks.


  • DBS Bank
  • Australia and New Zealand Banking Group
  • Bank of China
  • The Bank of Tokyo-Mitsubishi UFJ
  • BNP Paribas
  • CIMB Bank
  • Citibank
  • Deutsche Bank
  • Far Eastern Bank
  • HL Bank
  • Hong Kong and Shanghai Banking Corporation
  • Maybank
  • Mizuho Bank
  • OCBC Bank
  • The Royal Bank of Scotland
  • RHB Bank
  • Standard Chartered Bank
  • Sumitomo Mitsui Banking Corporation
  • United Overseas Bank Limited

FAQ

How does FAST payment work?

Simply send your payment instructions via IDEAL™ 3.0. The funds will be received by the beneficiary within five minutes after the payment has been made, upon a successful credit. Your beneficiary will then receive an email alert. We will also send you an email alert confirming the payment if you have subscribed to IDEAL™ eReports.

Who are the participating banks for FAST?
  • DBS Bank
  • Australia and New Zealand Banking Group
  • Bank of China
  • The Bank of Tokyo-Mitsubishi UFJ
  • BNP Paribas
  • CIMB Bank
  • Citibank
  • Deutsche Bank
  • Far Eastern Bank
  • HL Bank
  • Hong Kong and Shanghai Banking Corporation
  • Maybank
  • Mizuho Bank
  • OCBC Bank
  • The Royal Bank of Scotland
  • RHB Bank
  • Standard Chartered Bank
  • Sumitomo Mitsui Banking Corporation
  • United Overseas Bank Limited
What is the information that I need to provide to effect a FAST payment?
  • Beneficiary Name
  • Beneficiary Bank Account Number
  • Purpose Code
  • Beneficiary Bank Name
  • Amount
Do I have to pay to use FAST?

Please refer to the Pricing Guide.

 

How do I apply?

Simply speak with your relationship manager or call us at 1800 222 2200 to apply.

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.

Apply Now