PayFast - $0 Instant Interbank Transfer

PayFast - $0 Instant Interbank Transfer

You can pay and receive Hong Kong dollars and Renminbi across local banks easier than ever.

PayFast - $0 Instant Interbank Transfer

 

At a Glance

Be the first to enjoy DBS’ enhanced mobile payment services powered by Faster Payment System*! You can pay and receive Hong Kong dollars and Renminbi across local banks easier than ever.

Pay from and receive money at your preferred DBS account instantly^, 24 x 7.

Say bye to bank account numbers. You can send and receive money with just the mobile phone number or email address.

Absolutely free. $0.

Pay merchants instantly^ with FPS QR code. Learn More

* 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.

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

 

Steps for Registration

Register your mobile number or email address on mobile to receive funds

Step 1: Log in to DBS mobile banking
Step 2: Go to Settings > Transfer Settings
Step 3: Click “Register” at your mobile number or email address
Step 4: Follow on-screen instructions and complete registration

Step 1: Log in to DBS mobile banking
Step 2: Go to Settings > Transfer Settings
Step 3: Click “Register” at your mobile number or email address
Step 4: Follow screen instruction and complete registration

 
Activate PayFast on mobile

Step 1: Log in to DBS mobile banking
Step 2: Go to Settings > Transfer Settings
Step 3: Click "Register" at PayFast
Step 4: Follow on-screen instructions and complete activation*

* Authentication with a secure device is needed

Step 1: Log in to DBS mobile banking
Step 2: Go to Settings > Transfer Settings
Step 3: Click "Register" at PayFast
Step 4: Follow on-screen instructions and complete activation*

* Authentication with a secure device is needed

Register your mobile number or email address via DBS iBanking

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select your mobile number or email address and click "Activate"
Step 4: Follow on-screen instructions and complete registration

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select your mobile number or email address and click "Activate"
Step 4: Follow on-screen instructions and complete registration

Activate PayFast via DBS iBanking

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select PayFast and click “Activate”
Step 4: Follow on-screen instructions and complete activation*

* Authentication with a secure device is needed

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select PayFast and click “Activate”
Step 4: Follow on-screen instructions and complete activation*

* Authentication with a secure device is needed

 

How to PayFast

Make a PayFast transfer on mobile

Step 1: Select "PayFast" from the homepage
Step 2: Log in to DBS mobile banking
Step 3: Enter recipient and transfer details
You can also select the recipient from the latest PayFast transaction record
Step 4: Verify details and submit

 

Click here to learn about PayFast transfer limit

Step 1: Select "PayFast" from the homepage
Step 2: Log in to DBS mobile banking
Step 3: Enter recipient and transfer details
You can also select the recipient from the latest PayFast transaction record
Step 4: Verify details and submit

 

Click here to learn about PayFast transfer limit

Notes:

  • Please ensure the recipient and transfer details are correct before you submit the transaction. Once you have submitted the transaction, it cannot be cancelled. If a wrong transaction has been submitted, please download the mis-transferred fund recall request form here and return the completed form to our branches or call (852) 2290 8888 for assistance.
  • If you have received funds that are mis-transferred to you, you should immediately contact us at (852) 2290 8888 to arrange the return of funds. You may have criminal liability if you do not return the mis-transferred funds.

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > PayFast
Step 3: Enter recipient and transfer details
Step 4: Verify details and submit

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > PayFast
Step 3: Enter recipient and transfer details
Step 4: Verify details and submit

 

How to Transfer to FPS ID

Transfer to FPS ID on mobile

Step 1: Log in and go to Transfer Funds > To Local Recipients
Step 2: Select “Pay Someone New” and FPS ID
Step 3: Enter recipient’s FPS ID and transfer details
Step 4: Verify details and submit*

* Authentication with a secure device is needed

Step 1: Log in and go to Transfer Funds > To Local Recipients
Step 2: Select “Pay Someone New” and FPS ID
Step 3: Enter recipient’s FPS ID and transfer details
Step 4: Verify details and submit*

* Authentication with a secure device is needed

Step 1: Log in and go to Transfer > To Other Local Recipient
Step 2: Select Non-Registered Payee under To Account and select FPS ID under Transfer Mode
Step 3: Enter recipient’ FPS ID and transfer details
Step 4: Verify details and submit*

* Authentication with a secure device is needed

Step 1: Log in and go to Transfer > To Other Local Recipient
Step 2: Select Non-Registered Payee under To Account and select FPS ID under Transfer Mode
Step 3: Enter recipient’ FPS ID and transfer details
Step 4: Verify details and submit*

* Authentication with a secure device is needed

 

How to Top-up e-wallet

Top-up e-wallet on mobile

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Go back to DBS mobile banking and select "PayFast" from the homepage
Step 3: Log in and enter the mobile number or email address registered in Step 1
Step 4: Select debit account and enter transfer amount
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Go back to DBS mobile banking and select "PayFast" from the homepage
Step 3: Log in and enter the mobile number or email address registered in Step 1
Step 4: Select debit account and enter transfer amount
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Log in to DBS iBanking and go to Transfer > PayFast
Step 3: Enter the mobile number or email address registered in Step 1
Step 4: Enter transfer details
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Log in to DBS iBanking and go to Transfer > PayFast
Step 3: Enter the mobile number or email address registered in Step 1
Step 4: Enter transfer details
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

 

Promotions

 
Enjoy HK$100 cash reward^ upon successful registration
 
 
 
Enjoy HK$100 cash reward^ upon successful transfer of HK$50 or above to 10 friends and/or merchants via PayFast or Scan & Pay
 
 
 
Enjoy HK$200 cash reward^ upon settling 2 bills of HK$50 or above via Scan & Pay successfully
 

 

Promotion Period

  • 1 July 2019 – 30 September 2019

^ Terms and Conditions apply.

 

Frequently Asked Questions

  1. What is PayFast?
    PayFast is an electronic fund transfer service supported by Faster Payment System(FPS) that allows you to pay and receive HKD & CNY instantly*, using designated mobile number or email address instead of a bank account number.
    A recipient can receive funds as long as he/she has bank account in Hong Kong, and has registered his/her mobile number or email address with Faster Payment Service.
  2. Are there any service charges for using PayFast?
    PayFast is free.
  3. How do I activate and use PayFast?
    You can activate PayFast via DBS iBanking, DBS iWealth® or DBS digibank. After login, under "Transfer", select "Transfer Settings". During registration, you will be required to use secure device for authentication.
  4. How does a PayFast fund transfer work?
    Receiving money:
    • Inform sender of your registered mobile number or email address
    • Inform sender to send funds to your registered mobile number or email address using transfer function, supported by FPS, on his/her bank's internet banking or mobile banking platform

    Sending money:

    Via DBS iBanking:

    • Login DBS iBanking
    • Select "Transfers", then select "PayFast"
    • Enter recipient and transfer details
    • Verify details and submit

    Via iWealth or digibank app:

    • Select "PayFast" from the homepage of DBS iWealth® or DBS digibank
    • Enter recipient and transfer details
    • Verify details and submit
  5. How would I ensure I am sending to the right person?
    When you transfer funds via PayFast, you will enter the recipient mobile number or email address and click "Verify" to perform a lookup. Doing so will display the recipient's partial name. You can verify he/she is indeed the right person.
  6. How would I know my friend has registerd his/her mobile number or email address to receive funds?
    When you transfer funds via PayFast, you will enter the recipient mobile number or email address and click "Verify" to perform a lookup. Partial recipient name will be shown when the mobile number or email address is registered. Otherwise, you will be notified.

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

The maximum daily limit for PayFast is HK$10,000. You can set your preferred limit within HK$10,000 via DBS iBanking.

 

Set PayFast daily limit via DBS iBanking

Step 1: Log in and go to Transfer > Transfer Setting > PayFast
Step 2: Update the authorized daily limit
Step 3: Enter the New Daily Transfer Limit*
Step 4: Verify details and submit

* Authentication with a secure device is needed if a higher limit amount is set

Step 1: Log in and go to Transfer > Transfer Setting > PayFast
Step 2: Update the authorized daily limit
Step 3: Enter the New Daily Transfer Limit*
Step 4: Verify details and submit

* Authentication with a secure device is needed if a higher limit amount is set

If the transferred amount exceeds your remaining daily transfer limit for PayFast, please go to "Transfer" then select "To Local Recipient" to make transfer.

 

Transfer beyond remaining daily transfer limit for PayFast on mobile

Step 1: Log in and go to Transfer Funds > To Local Recipients
Step 2: Select registered payee* or “Pay Someone New” ^
Step 3: Enter transfer details. If debiting from multi-currency account, you can pay in HKD or RMB
Step 4: Verify details and submit

* Subject to your security setting, authentication with a secure device may be needed in step 4

^ Pay to Someone New requires authentication with a secure device in step 4. You can pay to new payees’ bank account number/ mobile number/ email address/ FPS ID

Step 1: Log in and go to Transfer Funds > To Local Recipients
Step 2: Select registered payee* or “Pay Someone New” ^
Step 3: Enter transfer details. If debiting from multi-currency account, you can pay in HKD or RMB
Step 4: Verify details and submit

* Subject to your security setting, authentication with a secure device may be needed in step 4

^ Pay to Someone New requires authentication with a secure device in step 4. You can pay to new payees’ bank account number/ mobile number/ email address/ FPS ID

 

Transfer beyond remaining daily transfer limit for PayFast via DBS iBanking

Step 1: Log in and go to Transfer > To Other Local Recipient
Step 2: Select Registered Payee* or Non-Registered Payee^
Step 3: Enter transfer details. If debiting from multi-currency account, you can pay in HKD or RMB
Step 4: Verify details and submit

* Subject to your security setting, authentication with a secure device may be needed in step 4

^ Pay to Someone New requires authentication with a secure device in step 4. You can pay to new payees’ bank account number/ mobile number/ email address/ FPS ID

Step 1: Log in and go to Transfer > To Other Local Recipient
Step 2: Select Registered Payee* or Non-Registered Payee^
Step 3: Enter transfer details. If debiting from multi-currency account, you can pay in HKD or RMB
Step 4: Verify details and submit

* Subject to your security setting, authentication with a secure device may be needed in step 4

^ Pay to Someone New requires authentication with a secure device in step 4. You can pay to new payees’ bank account number/ mobile number/ email address/ FPS ID

  1. How can I use my mobile number or email address to receive funds?
    You can register your mobile number or email address via DBS iBanking, DBS iWealth® or DBS digibank. During registration, you will be asked to select the DBS account that you want to link to your mobile number or email address. Once you registered, your designated DBS account will be your default account for receiving funds.
  2. Will my personal information be showed on the sender's bank internet or mobile banking platform?
    Only your partial name will be showed on the sender's bank internet or mobile banking platform for transaction verification.
  3. Can I link both my mobile number and email address to the same DBS account?
    Yes, you may link both your mobile number and email address to the same DBS bank account.
  4. I recently changed my mobile number or email address, and would like to update my registration record in FPS. What should I do?
    If you have recently changed your mobile number or email address, you may follow the below steps to update your record:
    1. Deregister your old mobile number (or email address) by going to "Transfer Settings" via DBS iBanking, DBS iWealth® or DBS digibank;
    2. Update your new mobile number or email address with the Bank via DBS iBanking;
    3. When your new mobile number or email address is effective (you will be notified by SMS), you can then register again via DBS iBanking, DBS iWealth® or DBS digibank.
  5. What should I do if I lost my mobile phone?
    If you have lost your mobile phone, please call (852) 2290 8888 or visit any of our branches as soon as possible.
  6. What should I do if I change my mobile number?
    If your existing mobile number is registered for FPS Addressing Service, please unregister it via Transfer > Transfer Settings (for DBS iBanking) or Setting > Transfer Settings (for digibank/DBS iWealth®) before you update your new mobile number. You can register FPS with your new mobile number once it becomes effective.
  7. Can I register for FPS at different banks to facilitate transfer between my local bank accounts?
    Yes, but you can only set one default receiving account per proxy ID (e.g. mobile number, email address).
  8. Will I be notified when I receive funds at my default account?
    You will receive both SMS and email notifications when you receive funds at your defualt DBS accounts.
  9. Can anyone view my FPS activities?
    Only the sender and receiver of the transaction can view the transaction record.

  1. What types of bank accounts can I link my mobile number or email address to? Are joint accounts included?
    All single-name accounts and joint-name accounts (excluding joint-accounts with all-to-sign instruction) of DBS Current and Savings accounts are eligible to be linked to mobile number or email address to receive funds transfers.
  2. For a joint account, can all joint account holders link their mobile number or email address to the joint account?
    Yes, each joint account holder can choose to link his/her own mobile number or email address associated with his/her DBS iBanking profile to the same joint account (excluding joint-accounts with all-to-sign instruction).
  3. What will happen if I close the bank account linked to my mobile number or email address?
    Once you close your bank account, all mobile number or email address linked to that account will automatically be de-registered, and you will be notified accordingly via SMS or email.

  1. I used to transfer funds to my registered payee at another local bank. Why is now my FPS transfer to the same payee rejected?
    For security reasons, the recipient account name of payee needs to be verified in a FPS transaction. Please check if the recipient account name of your registered payee matches with the payee bank's record. If they do not match, the FPS transaction will be rejected.
  2. How to update the recipient account name of my registered payee?
    The recipient account name of a registered payee cannot be changed. You have to delete the payee and register again.
  3. Why was my transaction still rejected after I had updated the recipient account name of my registered payee?
    In this case, please contact the recipient bank for further information.
 

Terms and Conditions

Terms and Conditions apply. Please refer to Faster Payment System section under Bank Accounts and Services Terms and Conditions.

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