Need Help – Funds Transfer

 

Funds Transfer Cut-Off Time

For Funds Transfer to My DBS Account & Other DBS Account

  Currency Submission Time of Instruction To be processed by
Between Wealth Management Accounts Same Currency Mon - Sun 24 hours Real time
Currency Exchange^
Between Wealth Management Accounts & Banking Accounts# Same Currency Mon - Fri 00:00 – 08:59 After 9:00am on the same day
09:00 - 21:00 Real time*
21:01 - 23:59 Next bank business day
Sat - Sun & Public Holidays 00:00 - 23:59 Next bank business day
Currency Exchange^ Mon – Fri 09:00 – 21:00 Real time*
Between Banking Accounts# Same Currency Mon - Sun 24 hours Real time
Currency Exchange^

# “Banking Accounts” are Savings Account, Current Account, Save & Cheque Account, Multi-Currency Savings Account.

^ Every day between 4:55 am and 7:00 am, currency exchange service Between Wealth Management Accounts & Between Banking Accounts is unavailable for regular system maintenance.

* An instruction placed before the relevant cut-off time will be processed instantly in general. However, the crediting of funds may vary depending on the cut-off time and local public holiday.

For Funds Transfer to Other Local Recipients

  Submission Time of Instruction To be processed by Funds to be received
Transfer Now (via Faster Payment System) Mon - Sun 24 hours Real time* Real time*

* The exact timing of crediting funds to recipient's account will be subject to the operation of recipient bank.

For details of our general system maintenance, please click here.

 

Funds Transfers to My DBS Accounts

You can transfer HKD or other currencies between your various DBS Bank accounts.

 

Funds Transfers to Other Local Recipient

You can transfer funds to a third party account held at other local banks in HKD and CNY.

To transfer foreign currency to other local bank accounts, please go to “Transfer” > “DBS Remit and Overseas Transfer” and select “Hong Kong” as your destination. Please refer to the Bank Charges Schedule for details of service charges.

Notes:

 

PayFast, Scan & Pay and receiving funds with your mobile number / email address

* The exact timing of crediting funds to recipient's account will be subject to the operation of recipient bank.

PayFast service is supported by Faster Payment System which is provided and operated by Hong Kong Interbank Clearing Limited.
Use of PayFast or related bank services supported by Faster Payment System are subject to terms and conditions. Please refer to the terms and conditions relating to Faster Payment System under the Bank Account and Services Terms and Conditions.

Notes:

 

Funds Transfers to Other DBS Accounts

You can transfer funds to a third party account held at DBS Bank in HKD.

 

Setting Up a Standing Instruction

Simply fill in your application details in English and click on "Submit" to proceed. Your request will normally be processed within 3 bank business days.

Notes:

  1. Where the Payment Cycle is set to daily execution: If any Payment Date falls on a day which is not a bank business day, the transfer scheduled to be made on that Payment Date will be cancelled.
  2. Where the Payment Cycle is set to monthly execution: If any Payment Date falls on a day which is not a bank business day, the transfer scheduled to be made on that Payment Date will be postponed to the next bank business day. If any Payment Date falls on the last working day of the month and that is a Saturday, the standing instruction will be executed on the preceding bank business day. If the final Payment Date falls on a day that is not a bank business day, the transfer scheduled to be made on that Payment Date will be cancelled.
  3. Where a standing instruction involves foreign exchange: If the Bank is unable to execute the standing instruction due to insufficient funds in the debit account on any Payment Date, the standing instruction will be terminated and any uncompleted instructions under this standing instruction will be cancelled.

Please refer to the Bank Charges Schedule for details of service charges.

If you wish to amend a standing instruction in future, please download the Standing Instruction Amendment Form. Complete it and return it to any of our branches for processing.

 

Exchange Currency

You can exchange currencies between your DBS Bank accounts.

 

Manage Scheduled Currency Exchange

You can amend or delete a pending currency exchange by selecting the scheduled currency exchange under "Transfer" > "Exchange Currency" > "Manage Scheduled Currency Exchange".

You can view "All", "Completed", "Pending", "Rejected" or "Cancelled" scheduled currency exchanges under "Transaction status".

Notes:

 

Amend Nickname of Registered Payee

To amend the nickname of your registered third party payee, simply click “Amend” and then enter a new nickname to proceed.

Note: DBS iBanking and DBS digibank HK share the same registered payee list.

 

Funds Transfer Schedule Summary

To amend or delete a pending funds transfer, please select the scheduled funds transfer and click on "Amend" or "Delete" to proceed. You are recommended to submit your request at least 1 business day before the Transaction Date. You can select "All", "Completed", "Pending", "Rejected" or "Cancelled" scheduled funds transfer(s) in "Transaction status".

Note: DBS iBanking and DBS digibank HK share the same funds transfer schedule summary.