DBS Bank Online Money Transfer streamlines the procedure of transferring money from Singapore. We’ll talk about all that you need to know about DBS Bank Online Money Transfer in this post.
About DBS Bank Singapore
DBS Bank, formally DBS Bank Limited, is a worldwide financial services and banking company based in Singapore with its main office located in the Marina Bay Financial Centre. When the Singaporean government founded DBS Bank on July 16, 1968, it was first called
The Development Bank of Singapore Limited. On July 21, 2003, it changed its name to its current, shorter form. Together with OCBC Bank and United Overseas Bank (UOB), it is regarded as one of Singapore’s “Big Three” banks.
Possessed with the title of the largest bank in Singapore, DBS provides an extensive range of personal and business account choices.
Look at the DBS Bank Account Types And Benefits
Given that DBS has more than 150 locations around Singapore, opening a bank account with them makes financial sense.
DBS offers several different types of accounts to suit your unique financial requirements and way of life. Regardless of your goals—retirement, a big buy, or a rainy day—DBS has you prepared.
Benefits of using DBS Bank Online Money Transfer
- From one participating bank in Singapore to another, you may transfer Singapore Dollars (SGD) practically instantaneously with DBS Bank’s rapid and secure transfer (rapid) electronic funds transfer service, up to a maximum of S$200,000 per transaction.
- With your connected DBS Private Bank Debit Card, you may also pay in up to 11 foreign currencies* for your online and international purchases without incurring any foreign currency penalties.
- Direct debits from the appropriate foreign currency funds will be made for your foreign exchange transactions.
- Using your connected DBS Private Bank Debit Card in up to 11 different currencies without paying foreign exchange fees allows you to make purchases online and abroad without paying extra for currency conversion.
Things to note about DBS Bank Online Money Transfer
- You need to be a DBS Bank customer with access to their online banking platform.
- You may utilize services like DBS Remit or a regular outbound telegraphic transfer to send an overseas transfer using DBS online.
- Make sure you are entering the right account number by checking it frequently.
- The name you submit for the receiver is just for your reference.
- Sending money internationally with DBS Bank’s international money transfer service is free of cost, making it an affordable option for international transactions.
- Up to thirty transactions (30 accounts) may be made to a single beneficiary or account within a single fiscal year.
- DBS Singapore has a S$200,000 transfer limit per transaction.
- It takes around 2-4 working days for DBS international transfers.