dbs-ideal-local-transfer

Local Transfers

Maximise efficiency by managing your transfers online

Local Transfers

Maximise efficiency by managing your transfers online

    How can FPS benefit you?
    Make HKD or RMB interbank fund transfers in Hong Kong, any day, any time. Payments can be made instantly by inputting just a bank account number/ mobile number/ email address/ FPS ID/ HKID, or simply by scanning the merchant’s FPS QR code.

    24x7 instant transfer

    Save time with instant cross-bank transfers

    Simple

    Make payments to individuals or businesses with no account number required

    Seamless

    Simply scan your merchant’s QR code within IDEAL Mobile to make a payment (including Government bills)

    How can CHATS benefit you?
    Send money domestically from your DBS IDEAL account via the Clearing House Automated Transfer System (CHATS) in multiple currencies.

    Same-day processing

    Accelerate your fund transfers within the same business day

    Multiple currencies

    Instant transfers to other local accounts are available in HKD, USD and RMB

    Advantages

    What’s the difference? Choose the best solution for you.

    Tip: IDEAL Transfer Wizard will automatically recommend the best method for your transactions.

     FPSCHATS
    Availability24x7Monday to Friday, 9:00 – 17:30 HK time (except public holidays)
    Processing timeReal-timeSame day
    Currencies HKD and RMBHKD, RMB and USD
    Fees

    For payments of HK$1,000,000 or below:

    $5 per transaction

    For payments above HK$1,000,000:

    HK$25 per transaction

    Please refer to the Bank Charges Schedule (section 7 – FPS) for details.

    Payments via IDEAL:

    HK$55 per transaction

    Please refer to Bank Charges Schedule (section 4 – Remittances) for details.

    Discounts

    Up to 50 free transactions each month with a HK$5 rebate per transaction.

    Note: Applicable to HKD FPS payments only and subject to Bank’s discretion. Please refer to the Bank Charges Schedule (section 7 – FPS) for details.

    Save HK$245 with CHATS via IDEAL!

    Note: Each payment via a branch will incur a charge of HK$200 handling fee and HK$100 cable fee. Please refer to the Bank Charges Schedule (section 4 – Remittances) for details.

    Required information from your payeeSimply provide your payee’s bank account number, mobile number, email address, FPS ID, HKID, or scan their FPS QR code.Your payee's bank details and account number
    Maximum payment permitted on IDEAL5 million HKD/RMB per transactionUnder 1 billion HKD/RMB per transaction

     

    Step-by-step video guide
    Local transfers have never been easier.

    Watch this video to learn how to make payments through DBS IDEAL in 3 easy steps:

    • Step 1: Login to DBS IDEAL
    • Step 2: Make overseas payment
    • Step 3: Approver confirms payment / approval details
    Smart tips for savvy businesses
    Enjoy quicker, more efficient payments today!

    Save money compared to manual processes

    Avoid the HK$50 fee per cheque book ordered

    Please refer to the Bank Charges Schedule (section 3 – deposit services) for details

    Reduce waiting time

    Settlement for cheques is not immediate

    Avoid delayed payments

    Damaged cheques and incorrect signatures can result in delayed cheque settlement, creating issues for your business’ cash flow management

    Are you a merchant?

    Power your cashless collections instantly with DBS MAX. Download DBS IDEAL app to make FPS collections in real-time using a QR code. Then access the funds the same day!