Fund Transfers

 

Transfer using PayNow
(To Mobile Number or NRIC/FIN)

Transfer to your own or other DBS accounts

Transfer to other Bank’s accounts

DBS iWealth® App

Fee: S$0

Fee: S$0 (via FAST)

Fee: S$0

Availability: 24x7

Availability: 24x7

Availability: 24x7

DBS iWealth®

Fee: S$0

Fee: S$0 (via FAST)

Fee: S$0

Availability: 24x7

Availability: 24x7

Availability: 24x7

Centres / Branches

Not Available

Fee: S$20 (via MEPS)

Fee: S$0

Not Available

Availability: Yes

Availability: Yes

 
  • PayNow is an instantaneous way for you to transfer SGD funds to someone within Singapore, using his/her mobile number or NRIC/FIN number

    PayNow is available on DBS iWealth®, DBS iWealth® app and Paylah!

How to transfer using PayNow

Sending money

  • Please note that PayNow is only available for participating banks
  • Login to DBS iWealth® or DBS iWealth® app
  • Under 'Transfer', select 'To Mobile Number or NRIC (PayNow)'
  • Enter recipient’s Mobile Number or NRIC and initiate the transfer

Receiving money

  • Register your Mobile Number and/or NRIC/FIN for PayNow via DBS iWealth®, DBS iWealth® app
  • Ask the sender to send funds to your Mobile Number or NRIC/FIN via PayNow

Learn more

 

FAST

  • FAST (Fast and Secure Transfer) is an electronic funds transfer service that lets you transfer SGD funds almost instantly from one bank to another within Singapore.
  • With effect from 5 February 2018 - FAST transfers have a maximum limit of $200,000 per transaction.
  • To take advantage of this new limit, change your existing personal local transfer limit on ibanking here.

How to transfer using FAST?

Receiving money

  • Inform the sender of your DBS account number
  • Inform the sender to send funds to your account via FAST

Sending money

  • Please note that FAST is only available for participating banks
  • Login to DBS iWealth® or DBS iWealth® app
  • Under 'Transfer', select 'To Other Bank Account (FAST)'
  • Select recipient's bank; enter payment details and SMS message
  • Click 'Submit' and wait for transaction status

Participating banks and account types for funds transfer

 

DBS iWealth® (online/app)

Centres / Branches

Payments via FAST

Free

S$20 per transfer

Receipts via FAST Free
Personalised SMS S$0.10
 

MEPS

  • MEPS (MAS Electronic Payment System) is an online Singapore Dollar (SGD) inter-bank payment and settlement system which allows you to make same day inter-bank transfers if the application is submitted before the cut-off time of 2.00pm on weekdays. Transfers submitted after the cut-off time will be will be effected on the next working day

    MEPS transfers are only available at branches at S$20 per transfer.

 

Others

  • Online Cheques & Drafts:  PayEasy enables you to send cheques to someone when you do not have access to your cheque book or when the receiving party requires a bank draft. We mail out cheques on your behalf for free — all you need to do is log in to DBS iWealth® and make the transfer. You can also send foreign bank drafts.
  • Cashier’s Order:  It’s easy to log in to DBS iWealth® to send a Cashier’s Order for free. A Cashier's Order (or a Banker’s draft) is a cheque issued by the Bank, payable to your designated recipient.
  • Recurring Funds Transfer:  Also known as Singapore Dollar Standing instructions, this service automatically transfers a fixed amount in SGD from your DBS/POSB Savings or Current Account, to a designated receiving account on a regular basis (e.g. weekly, monthly, quarterly) based on your request.
  • One-time sign up fee - S$10 (via branch), Free (via DBS iWealth®)
  • Amendment fee - S$5 (via branch)
 

How to Transfer

Login now If you have DBS iWealth®
Get started Not a DBS iWealth® customer?

Visit any of our branches.

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