Local Funds Transfer

Important Notice:

Due to the industry-wide corporate cheque cessation, please deposit any SGD corporate cheques by 11AM on 31 Dec 2026. SGD corporate cheques deposited after this deadline will not be processed. Learn more.

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 digibank App	Fee: S$0	Fee: S$0 (via FAST)	Fee: S$0
DBS digibank App	Availability: 24x7	Availability: 24x7	Availability: 24x7
DBS digibank online	Fee: S$0	Fee: S$0 (via FAST)	Fee: S$0
DBS digibank online	Availability: 24x7	Availability: 24x7	Availability: 24x7
Centres / Branches	Not Available	Fee: S$0 (via FAST)	Fee: S$20 (via MEPS)
Centres / Branches	Not Available	Availability: Yes	Availability: Yes

PayNow

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 digibank (online / app) and Paylah!

How to transfer using PayNowSending money

Please note that PayNow is only available for participating banks

Under 'Transfer', select 'To Mobile Number or NRIC (PayNow)'

Enter recipient’s Mobile Number or NRIC and initiate the transfer

Receiving money

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 digibank 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

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 digibank (online/app)

Centres / Branches

Payments via FAST

Free

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 available only at branches. Transfer fees are waived for clients of Private Banking and Treasures Private Client.

Electronic Deferred Payment (EDP)Securely schedule future payments today with EDP, the digital alternative to postdated cheques. Enjoy convenience by searching for your payees via PayNow or account number.

Search for payees via PayNow registered proxies or via bank account number
(Only available for EDP participating banks¹)

Issue or cash out an EDP/EDP+ anytime, anywhere with digibank

Easily manage and track status of your deferred payments digitally

¹ Citibank, DBS Bank, HSBC, Maybank, OCBC Singapore, Standard Chartered Bank and UOB.Learn how you can use EDP/EDP+ on DBS digibank anytime, anywhere!

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 digibak online and make the transfer. You can also send foreign bank drafts.

Cashier’s Order: A Cashier's Order (or a Banker’s draft) is a cheque issued by the Bank, payable to your designated recipient. You can walk in to a branch to purchase and collect your Cashier's Order.

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 digibank online)

Amendment fee - S$5 (via branch)

How to Transfer

If you have DBS digibank online

Not a DBS digibank customer?

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Payments Services Apps

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