Transfer Funds to Other Bank Accounts in Singapore

Learn how to send SGD or foreign currency to another DBS/POSB account or a different bank in Singapore. You can also schedule transfers to be sent out on a later date using digibank.

Part of: Guides > Your Guide to digibank

Important information

  • The recipient's name you enter only serves as reference for you. The transfer is processed based on the account number you provided.

Modes of local funds transfer in SGD

There are various methods to transfer funds to other Bank’s account via digibank:

FAST lets you send Singapore dollars almost instantly to other banks and financial institutions.

Information Required
  • Recipient's Name
  • Recipient's Bank Name
  • Recipient's Bank Account Number

Fees: $0

Transfer Time: Almost Instant
For banks not participating in FAST, fund transfers in SGD will not be immediate and will be completed within 2-3 business days:
  • Funds submitted before 8pm on a working day, it will be available after 2 working days.
  • Funds submitted after 8pm on a working day, it will be available after 3 working days.
Information Required
  • Recipient's Name
  • Recipient's Bank Name
  • Recipient's Bank Account Number

Fees: $0

Transfer Time: 2-3 business days

PayNow is an electronic fund transfer service that allows you to transfer SGD funds instantly to a payee, using the payee's designated mobile number or NRIC/FIN number instead of his/her bank account number. Learn more.

Information Required
  • Recipient’s designated mobile number; or
  • Recipient’s NRIC/FIN number

Fees: $0

Transfer Time: Almost Instant
  • The transfer limit is up to S$200,000 daily. Learn more about how to change local funds transfer limits.
  • If you are transferring funds to the following banks and non-financial institutions (NFIs), you can do so via Transfer to Other Bank Account (FAST) or PayNow. Other methods of transfers are not accepted by these banks and NFIs.
    • GREEN LINK DIGITAL BANK PTE PTD
    • GPAY NETWORK (S) PTE LTD
    • LIQUID GROUP PTE LTD
    • MATCHMOVE PAY PTE LTD
    • NIUM PTE LTD
    • SINGCASH PTE LTD
    • WISE ASIA-PACIFIC PTE. LTD.
    • XFERS PTE LTD

    Refer to the complete list of participating banks and non-bank financial institutions (NFIs) and account types for funds transfer (FAST).


How to transfer SGD to other bank accounts in Singapore

There are various channels which you may transfer funds to another bank account in Singapore with us. The most convenient method would be via digibank mobile.

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Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
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Step 2
Tap on Pay & Transfer at the bottom, and select Local.
3
Step 3
Select the Recipient you wish to transfer to.
(You may learn how to Add Fund Transfer Recipient)
4
Step 4
Select the Fund Source you wish to transfer from and enter the Amount you wish to transfer.
5
Step 5
If you wish to schedule a transfer for a later date, tap on Immediate to select your desired date, and tap Next.
6
Step 6
Review the details and tap Transfer Now to complete the transfer.
7
Step 7
You've successfully submitted your fund transfer request.
Get the latest digibank mobile app now!
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Step 1
Log in to digibank online with your User ID & PIN.
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Step 2
Complete the Authentication Process.
3
Step 3
Under Transfer, select To Other DBS or POSB Account or To Other Bank Account (Fast).
4
Step 4
Under To, select the Recipient you wish to transfer to.
(You may learn how to Add Fund Transfer Recipient)
5
Step 5
Under From, select the Account you wish to transfer from and enter the Amount you wish to transfer.
Select the Purpose of Transfer and add Comments for the recipient if you wish to.
6
Step 6
Check I would like to make this transfer on a later specific date and select the date if you wish to schedule a fund transfer for a later date. Click Next.
7
Step 7
Review the details and click Submit to complete the transfer.
8
Step 8
Your fund transfer request is completed.
Already a digibank user?

Forgot User ID or PIN

Not yet a digibank user?

For customers with ATM/Debit/Credit Card

  • Insert your ATM/Debit Card and key in your PIN.
  • Press Button for More Services.
  • Press Button for Funds Transfer/Fixed Deposit.
  • Select the Account Type to Debit.
  • Select the Account Type to Credit.
  • Select TO ANOTHER ACCOUNT.
  • Indicate the Account Number you wish to transfer to.
  • Enter the amount.
  • Verify the Details of the Transaction and press Confirm.

Find the nearest ATM using our Locator.

How to transfer foreign currencies to other banks in Singapore

You can transfer funds in foreign currencies to other banks in Singapore, using the Overseas transfer feature on digibank. Simply follow the steps below.

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Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
2
Step 2
Under Home, click on Pay & Transfer, followed by Overseas.
3
Step 3
Select Add Overseas Recipient.
4
Step 4
On Select Location, tap on Singapore.
5
Step 5
Enter or search for your recipient’s bank SWIFT Code and tap Next.
6
Step 6
Enter your recipient’s Bank Account number, followed by recipient's Name and Address and tap Next.
7
Step 7
Verify your recipient's details and tap Add Recipient Now.
8
Step 8
Tap on Make A Transfer.
9
Step 9
Select the Fund Source you wish to transfer from and enter the Amount you wish to transfer. Select either I Pay Agent Bank Fee or Recipient pays Agent Bank Fee then tap Next.
10
Step 10
Review your transfer details and tap Transfer Now to submit your transfer for processing.
Get the latest digibank mobile app now!
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1
Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
2
Step 2
Under Home, click on Pay & Transfer, followed by Overseas.
3
Step 3
Tap on the desired Recipient.
4
Step 4
Select the Fund Source you wish to transfer from and enter the Amount you wish to transfer. Select either I Pay Agent Bank Fee or Recipient pays Agent Bank Fee then tap Next.
5
Step 5
Review the Transfer details and tap Transfer Now.
6
Step 6
Your funds transfer request has been submitted for Processing.
Get the latest digibank mobile app now!
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1
Step 1
Log in to digibank online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Transfer, select DBS Remit and Overseas Transfer.
4
Step 4
Select the Recipient you wish to make transfer to.
(If the Recipient is not in your pre-arranged list, follow the steps in Add Overseas Funds Transfer Recipient)
5
Step 5
Enter the Transfer Details.
6
Step 6
Enter your Recipient Details.
Read and acknowledge the Terms and Conditions governing Telegraphic Transfer.
Click Next.
7
Step 7
Verify the transfer details and click Submit.
8
Step 8
Your funds transfer request has been submitted for Processing.
Already a digibank user?

Forgot User ID or PIN

Not yet a digibank user?

For customers with ATM/Debit/Credit Card


Want to send money to an overseas bank account?

Transfer Funds to Overseas Account

How to view and delete Scheduled Transfers

There are various channels which you may manage your Scheduled Transfers with us. The most convenient method would be via digibank mobile.

  • Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
  • Tap Pay & Transfer on the bottom menu.
  • Expand menu and tap on Scheduled.
  • View your Scheduled / Future Dated Transfers here.

Don't have digibank?

Get the latest digibank mobile App now!

  • Log in to digibank online with your User ID and PIN.
  • Complete the Authentication Process.
  • Under the section Transfer, select More Transfer Services.
  • Under Local Transfers, Manage Recipient and Transfers, select View or Delete Post-Dated Transfer.

Apply for digibank online

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