What does this service do?

This service allows you to transfer funds immediately between your own accounts. You can use this service to transfer funds:
- Between your DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)
- Between your DBS Cashline and Credit or Charge Cards^*
The crediting account can be your personal, joint-alternate, joint-all account or Trust-Minor/First account in Singapore Dollar or Foreign Currency.

The debiting account can be your personal/joint-alternate deposit account or MCSA in Singapore Dollar or Foreign Currency. Alternatively you can also use your DBS Credit or Charge card as the debiting account.
Does the Cash Advance Fee still apply if I’m transferring to my own account?

For funds transfer using Credit Card, there will be a Cash Advance Fee of 6% of the amount withdrawn (minimum charge of S$15) plus finance charge of 24% per annum (minimum charge of S$2.50) on the amount withdrawn, calculated on a daily basis from the date of withdrawal until receipt of full payment.
Is there a maximum limit to the amount of funds I can transfer?

For Singapore Dollar transactions, there is no maximum limit to the amount of funds you can transfer between your Singapore Dollar accounts. You can transfer up to the available balance in the 'From' account.

For Foreign Currency Transactions, there is a cap of S$200,000 equivalent on the amount of funds that you can transfer from your foreign currency account.

Can I transfer funds between my accounts at any time?

The below table gives a summary of the types of transfers you can make between your own accounts, as well as the submission and processing times.

Singapore Dollar Transactions

When Transferring	Example	Submission & Processing
Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)	Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B	Submission is available at any time of the day and transaction will be processed immediately.
Between DBS/POSB Singapore Dollar and Multi-Currency Autosave (MCA) Accounts	Transfer from POSB Savings Account to Multi Currency Autosave (MCA) Account	Submission is available at any time of the day and transaction will be processed immediately.
Between DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)	Transfer from DBS/POSB Singapore Dollar (or MCA) accounts to Wealth Investment Multi Currency Settlement Account (MCSA) and vice versa	Submission is available at any time of the day. Transactions will be processed immediately after submission except for the last day of the month, where transactions will only be processed the next day if the submission is made between 2000 hr and 0000 hr.

Please note that funds transfers made after 2330 hr (or 2030 hr on the last working day of the month) will not be available for any deductions such as (but not limited) to GIRO items, cheque clearing and payment of loan instalments that have been pre-scheduled for the following day.

Foreign Currency Transactions

When Transferring

Example

Submission & Processing Schedule

Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)

Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B

Submission is available at any time of the day and transaction will be processed immediately.

Between DBS/POSB Singapore Dollar and Multi-Currency Autosave Accounts

Transfer from POSB Savings Account to Multi Currency Autosave Account

Submission is available only between 0900 hr and 2100 hr on working days. Transactions will be processed immediately within the same time period.

On any last calendar day of the month that also falls on a working day, submission is available only between 0900 hr and 2000 hr.

Note: Working days are Mondays to Fridays, excluding public holidays.

Please note that funds transfers made after 2330 hr (or 2030 hr on the last working day of the month) will not be available for any deductions such as (but not limited) to GIRO items, cheque clearing and payment of loan instalments that have been pre-scheduled for the following day.

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