Need Help – DBS Remit & Overseas Transfer

DBS Remit Cut-Off Time for Same Day Transfer

Destinations Cut-Off Time for Same-Day Transfers (Mon-Fri) Service Fees Transfer Limit
Thailand (in THB)^ 11:00AM Free of charge • HKD 1,000,000 Daily
• Maximum THB 1,500,000 per transaction
Japan (in JPY)^ 10:30AM • HKD 1,000,000 Daily
Australia (in AUD) 10:00AM • HKD 1,000,000 Daily
Canada (In CAD) 5:00PM • HKD 1,000,000 Daily
Mainland China (in CNY) 3:00PM • CNY 80,000 Daily
Singapore (in SGD) 4:00PM • HKD 1,000,000 Daily
India (in INR) 4:30PM • HKD 1,000,000 Daily
Philippines (in PHP) 11:00AM • HKD 1,000,000 Daily
• Maximum PHP 490,000 per transaction
Indonesia (in IDR) 2:00PM • HKD 1,000,000 Daily
• Non Resident: USD 50,000 Daily
• Minimum IDR 100,000 per transaction
• Maximum USD 35,000 per transaction
United Kingdom (in GBP) 5:00PM • HKD 1,000,000 Daily
United States (in USD) 5:00PM • HKD 1,000,000 Daily
Eurozone destinations (in EUR) * 5:00PM • HKD 1,000,000 Daily

* Eurozone destinations included:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom (Transfer EUR to UK)

^DBS Remit service to Japan and Thailand are only available in DBS iBanking. Funds transfer to Japan and Thailand via DBS digibank or DBS iWealth® app will be subject to charges

Points to note for Online Remittance Service

  1. DBS Remit same-day transfers are only applicable on clearing days (“Clearing day” means Mondays to Fridays, except public holidays in Hong Kong) within the respective cut-off times of each destination. Applications can be submitted 24/7 but those outside the cut-off times, non-clearing day or on the day typhoon signal No.8 or above or black rainstorm warning signal is hoisted will be sent on the next clearing day. In most cases, for instructions placed before the cut-off time, the transfer will be performed on the same day. Actual date and/or time of receipt is subject to the cut-off time, public holidays or processing time of correspondent bank/recipient bank.
  2. Any remittance instruction (Non-DBS Remit) placed after 5:00 pm on a clearing day or on a non-clearing day will be processed on the next clearing day.
  3. Any remittance instruction involving currency conversion placed after the cut-off time or on a non-clearing day will be effected according to the prevailing exchange rate when the instruction is submitted (except funds transfers in CNY to Mainland China) or when it is executed (for funds transfers in CNY to Mainland China).
  4. In general, the recipient will be able to receive the funds within two to four working days of the recipient bank from the transfer date. However, this may vary depending on the destination or bank to which the payment is made.
  5. When you submit your remittance instruction to a new payee via DBS iBanking successfully, the corresponding payee will be added to the registered payee list automatically.
  6. Please ensure you have provided correct information and have sufficient funds for the processing of the remittance instruction. In the event of missing information and/or insufficient funds in your debit account, the Bank reserves the right to reject the instruction.
  7. If the instruction has been executed, no amendment or cancellation can be made unless agreed by the recipient or the recipient bank. Please visit any of our branches to amend or cancel any instruction submitted. An amendment or cancellation fee will be charged.
  8. All remittance instructions are subject to verification by the Bank and may be rejected at the Bank’s sole discretion.
  9. The daily limit for Overseas Funds Transfer will be reset to HK$0 if no such transaction is conducted for 12 months.

Points to note for Transferring CNY to Mainland China

  1. Transfer CNY to Mainland China via DBS Remit is only applicable to customers with a single name account with HKID. This service is not applicable to customers holding only passports or customers with only a joint account.
  2. Any CNY remittance instruction to Mainland China placed after the cut-off time or on a non-clearing day (“Clearing day” means Mondays to Fridays, except public holidays in Hong Kong.) will be processed on the next clearing day.
  3. The daily limit of transfer CNY to Mainland China is CNY80,000 per person for Hong Kong residents.
  4. The name of the beneficiary account in Mainland China must be identical with the name of remitter’s account. If we are unable to confirm or verify that you are the holder of both accounts, we reserve the right to reject the remittance instruction and remove the related payee from the registered payee list.
  5. If the name of the beneficiary account in Mainland China is registered in Chinese, please specify the account name in Chinese under “Your Name in Recipient Bank’s Record”.

Manage Registered Overseas Payees

  1. When you have successfully submitted a remittance instruction for payment to a new payee via DBS iBanking, the payee will be added to your registered payee list automatically.
  2. Every registered payee list can accommodate up to 20 payees.
  3. For Hong Kong residents remitting RMB funds to Mainland China, the name of the beneficiary account in Mainland China must be identical with the name of the remitter’s account. If we are unable to confirm or verify that you are the holder of both accounts, we reserve the right to reject the RMB telegraphic transfer and remove the related payee from your registered payee list.

Enquire Overseas Transfer Status / History

Types of Status: