No matter why you need to send money abroad—be it sending pocket money/ tuition fee to your children or purchasing oversea properties, we’ve made it easier to send money across to any bank account globally. Simply transfer money overseas with just a couple steps via DBS iBanking, DBS digibank HK.

features features

  1. Only 3 taps are required to transfer funds on DBS digibank HK with the same details used from previous transactions.
  2. DBS Remit covers transferring INR to India, IDR to Indonesia, PHP to Philippines, USD to United States, CAD to Canada, GBP to United Kingdom, AUD to Australia, SGD to Singapore, CNY to Mainland China, EUR to Eurozone destinations, JPY to Japan and THB to Thailand.
  3. Applicable charges (namely Handling Charge, Cable Charge and Correspondent Bank Charges) for DBS Remit will be waived at the time of the transaction.
  4. In most cases, funds can be transferred on the same day for instructions placed before the cut-off time on Monday to Friday (except public holidays). Actual date and/or time of receipt is subject to the cut-off time, public holidays or processing time of the correspondent bank/recipient bank. Please click here for cut-off time details.
  5. An inward remittance fee may be applied by your recipient bank for the transferred amount. Please contact the recipient bank for details.

^ 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)

 

Promotions

Promotion Period

  • 1 October 2021 – 31 December 2021

 

^ Customer who joins DBS Treasures as a NEW customer from 1 October 2021 – 31 December 2021

  • For Terms and Conditions of Reward 1-3, please click here for more details.
  • For Terms and Conditions of Reward 4, please click here for more details.

 
 

How to add new recipient

Add new recipient via DBS digibank HK

Step 1: Log in and tap “Pay & Transfer”, then select “Overseas Transfer”
Step 2: Tap “Add New Recipient”
Step 3: Select “Destination”
Step 4: Select “Transfer Currency” and “Recipient Bank” (Or enter Bank Identifier Code)
Step 5: Enter Recipient details^ and “Account Number”
Step 6: Verify details and submit*

* Authentication with a Digital Token is needed. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
^ Including recipient’s name, recipient’s home/ office address and account number

add new recipient via DBS iWealth
add new recipient via DBS iWealth

Step 1: Log in and tap “Pay & Transfer”, then select “Overseas Transfer”
Step 2: Tap “Add New Recipient” 
Step 3: Select “Destination”
Step 4: Select “Transfer Currency” and “Recipient Bank” (Or enter Bank Identifier Code) 
Step 5: Enter Recipient details^ and “Account Number”
Step 6: Verify details and submit*

* Authentication with a Digital Token is needed. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
^ Including recipient’s name, recipient’s home/ office address and account number

add new recipient via ibanking

Step 1: Log in and click “Transfer”. Then click “DBS Remit and Overseas Transfer”
Step 2: Click “Add New Overseas Payee”
Step 3: Enter “Payee Name”, then select “Destination” and transfer currency
Step 4: Enter payee details
Step 5: Verify details and submit*

* Authentication with a Digital Token is needed. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
^ Including recipient’s name, recipient’s home/ office address and account number

How to Transfer

Transfer via DBS digibank HK

Step 1: Log in and tap “Pay & Transfer”, then select “Overseas Transfer Funds”
Step 2: Select existing recipient or add  new recipient
Step 3: Enter transaction details
Step 4: Verify details and submit*

* Subject to your security settings, authentication with a Digital Token may be needed in step 4. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

If you have never used Online Remittance Service, please increase your overseas transfer limit via DBS iBanking.

transfer via DBS digibank HK
transfer via DBS digibank HK

Step 1: Log in and tap “Banking”, then select “Transfer Funds”, and then click “To Overseas Recipients”
Step 2: Select “Destination” and enter the transfer currency and amount. Then tap “Transfer Now”
Step 3: Select recipient
Step 4: Enter transaction details
Step 5: Verify details and submit*

* Subject to your security settings, authentication with a Digital Token may be needed in step 5. You can activate your Digital Token immediately via DBS iWealth® app. Please click here for details.

If you have never used Online Remittance Service, please increase your overseas transfer limit via DBS iBanking.

Only 3 taps to transfer again

Step 1: Choose the previous transaction under “RECENT” and tap “TRANSFER AGAIN”
Step 2: Previous transaction details have been pre-filled, tap “NEXT” to proceed
Step 3: Verify details and tap “CONFIRM” to submit*

* Subject to your security settings, authentication with a Digital Token may be needed in step 3. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

3-taps transfer
3-taps transfer

Step 1: Choose the previous transaction under “RECENT” and tap “TRANSFER AGAIN”
Step 2: Previous transaction details have been pre-filled, tap “NEXT” to proceed
Step 3: Verify details and tap “CONFIRM” to submit*

* Subject to your security settings, authentication with a Digital Token may be needed in step 5. You can activate your Digital Token immediately via DBS iWealth® app. Please click here for details.

transfer via ibanking

Step 1: Click “Transfer”, then click “DBS Remit and Overseas Transfer”
Step 2: Select “Destination” and enter the transfer currency and amount. Then click “Transfer Now”
Step 3: Select recipient and enter transaction details
Step 4: Verify details and submit*

* Subject to your security settings, authentication with a Digital Token may be needed in step 4. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

For existing DBS iBanking or DBS iWealth® customers

or Login DBS iWealth®

Not yet activated your DBS iBanking or DBS iWealth® services?

 

How to update limit

Update overseas transfer limit via DBS digibank HK app

Step 1: Log in and tap “More”, then select “Transfer Settings”, and then click “Manage Overseas Transfer Limit”
Step 2: Set a New Daily Limit
Step 3: Verify details and submit*

* Authentication with a Digital Token is needed if a higher limit amount is set. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Update overseas transfer limit via DBS digibank HK
Update overseas transfer limit via DBS digibank HK

Step 1: Log in and tap “More”, then select “Transfer Settings”, and then click “Manage Overseas Transfer Limit” 
Step 2: Set a New Daily Limit
Step 3: Verify details and submit*

* Authentication with a Digital Token is needed if a higher limit amount is set. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Step 1: Log in and click “Transfer”. Then click “DBS Remit and Overseas Transfer”
Step 2: Select “Destination” and enter the transfer amount. Then click “Transfer Now”
Step 3: Click “OK” in the pop-up window
Step 4: Enter the “New Daily Limit”. Then click “Next”
Step 5: Verify details and submit*

* Authentication with a Digital Token is needed. You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

If you need to update your overseas transfer limit again, you can visit “DBS Remit & Overseas Transfer” and click “Update” under “Transfer Limit”.

 

DBS Remit Cut-Off Time and Transfer Limit

Destinations Cut-Off Time for Same-Day Transfers (Mon-Fri) Service Fees Transfer Limit
Australia
(in AUD)
10:00AM Free of charge
  • 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
Japan
(in JPY)
10:30AM
  • HKD 1,000,000 Daily
Thailand
(in THB)
11:00AM
  • HKD 1,000,000 Daily
  • Maximum THB 49,999 per transaction

^ 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)

 

Fees and Charges for Overseas Funds Transfer

Understand the fees and charges involved for Overseas Fund Transfers.

 
 
RECOMMENDED
Via DBS Remit

(in 

 

)

Via Overseas Transfer
(in other currencies)
Via Branch
Handling Charge HK$0 HK$1001 HK$2002
Cable Charge HK$0 HK$100 HK$100
Correspondent Bank Charge HK$0 Up to HK$

 

(Depends on transfer currency)*
Up to HK$

 

(Depends on transfer currency)*
Total Remittance Charge HK$0 Up to HK$ Up to HK$

1The handling charge will be waived for DBS Treasures customers.
2The handling charge for Mass customer is HK$200, DBS Treasures customers is HK$100.

* Transfer Currency Destination Correspondent Bank Charge
EUR/GBP Overseas HK$400
HKD/RMB/USD & other currencies Overseas HK$250

Note:

  • Select "Transfer" then "DBS Remit and Overseas Transfer", and send money to 

     

     in 

     

  • Cut-off time: before from Mondays to Fridays, excluding Public Holidays
  • Transfer Limit: daily

Please refer to the “Funds Transfer to Overseas Account” section of the Bank Charges Schedule for details of service charges.

 

Points to Note for DBS Remit & Overseas Transfer

  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.

  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”.
  6. Starting from 23 October 2021, the system will use SWIFT code for remitting CNY to Mainland China and for adding new Mainland China recipient. The system will not support CNAPS code anymore. If you have any existing Mainland China recipient which is registered with CNAPS code, you are required to remove them and re-add with the SWIFT code.
    transfer via ibanking

    Step 1: Log in and click “Transfer”. Then click “View Registered Payee and Transaction Status”
    Step 2: Select “Manage Registered Overseas Payee”
    Step 3: Select the payee with the alert icon and click “Delete Selected” to delete the respective payee
    Step 4: Select “DBS Remit and Oversea Transfer”
    Step 5: Register the new payee again with SWIFT code and proceed to transfer


DBS Remit services are subject to service availability of the recipient bank. If the recipient bank does not support DBS Remit services, you can still make online overseas funds transfer but with charges apply.


DBS Remit services are subject to service availability of the recipient bank. If the recipient bank does not support DBS Remit services, you can still make online overseas funds transfer but with charges apply.


When registering a new recipient in Canada, their address should include all the details which the recipient has registered in their bank in Canada for verification purpose, including city/province/state and postal code. (e.g. 3169 No. 3 Road, Richmond, British Columbia V6X 2B8)

When registering a new recipient in Eurozone destinations, you are required to provide the correct IBAN number (including Country Code, Bank Code, Branch code & Account Number), the system will auto derive the corresponding SWIFT code for your recipient and proceed with the transaction.

The IBAN code format for each destination is slightly different, please check with your recipient bank.
 

Frequently Asked Questions for DBS Remit & Overseas Transfer

  1. What is DBS Remit?
    DBS Remit is an online overseas transfer service which supports same day transfer of local currency to designated destinations at $0 fees.

  2. DBS Remit covers overseas transfers to which destinations?
    DBS Remit covers transferring INR to India, IDR to Indonesia, PHP to Philippines, USD to United States, CAD to Canada, GBP to United Kingdom, AUD to Australia, SGD to Singapore, CNY to Mainland China, EUR to Eurozone destinations , JPY to Japan and THB to Thailand.

  3. When is the end date to enjoy $0 fees?
    $0 fee has no end date. You can transfer funds overseas via DBS Remit at $0 fee, unlimited times.

  1. What currencies are available for online overseas transfer?
    You can transfer AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, NZD, SGD, USD, THB (to Thailand only), INR (to India only), IDR (to Indonesia only) and PHP (to Philippines only).

  2. What currencies are only available for offline overseas transfer?
    You can only transfer DKK, NOK, SEK at DBS branches.

  3. What information do I need to fill in for online overseas transfers?
    You should provide transaction details & recipient details below for overseas transfers:
    Transaction Details:
    • Debit account
    • Transaction destination
    • Transfer currency & Transfer amount

    Recipient Details:
    • Recipient Name (Maximum 35 characters)
    • Recipient Bank (Or Bank Identifier Code)
    • Recipient account number
    • Recipient address (When transferring CAD to Canada, the recipient address should include city/province/state and postal code)
    • Remittance purpose (For some destinations only)
    • Payment details (Optional)


  4. Which Bank Identifier Code should I enter for overseas transfers?
    Depending on the transfer currency and destination, you should enter the correspondent bank identifier code:
    Overseas Transfer type Destination Transfer Currency Bank Number / Bank Identifier Code Length
    DBS Remit Australia AUD BSB Code 6 characters
    DBS Remit Canada CAD Transit Number 5-Digit Branch Code +
    3-Digit Bank Code (e.g. 12345-678)
    DBS Remit Mainland China CNY CNAPS Code 12 characters
    DBS Remit Eurozone destinations (Including United Kingdom) EUR SWIFT Code 8-11 characters
    DBS Remit United Kingdom GBP SORT Code 6 characters
    IBAN 22 characters
    DBS Remit India INR IFSC Code 11 characters
    DBS Remit Indonesia IDR N/A N/A
    DBS Remit Philippines PHP N/A N/A
    DBS Remit Singapore SGD SWIFT Code 8-11 characters
    DBS Remit United States USD SWIFT Code 8-11 characters
    General overseas transfer Overseas destinations Non – local currency SWIFT Code 8-11 characters
    DBS Remit Japan JPY SWIFT Code 8-11 characters
    DBS Remit Thailand THB N/A N/A

    If your bank identifier code is currently not supported online, you can seek assistance from any of our branches to help you complete your transfers.

    Note: If your destination is the UK and you cannot find your sort code on the online list, you can input your IBAN account number instead.

     

  5. Do I need to exchange currency when I place an overseas transfer instruction?
    No, you can transfer your foreign currency directly.

  6. Can I cancel or revise the submitted overseas transfer instruction?
    No, the instruction cannot be canceled or revised once it is submitted.

  7. How will I know whether my online overseas transfers are successful?
    After submitting and processing your online overseas transfers, you will instantly receive a SMS to confirm your transfers have been submitted. We will then send you a letter of receipt to confirm that your transfers have been sent from DBS.

  8. Will I receive any notification if the transaction is rejected by the beneficiary bank?
    In the case where your transfers have failed, funds will be credited back to your account and remittance advice for returning funds will be sent to you.


  1. What is the maximum daily transfer limit for overseas transactions?
    The overall maximum daily transfer limit for overseas transactions is HK$1,000,000. However, this depends on the location as per their respective daily or per transaction limit. The above transfer limit is shared for overseas transfers via DBS iBanking & DBS digibank HK.

    If the amount of your overseas transfer exceeds the online daily transfer limit, you can visit our branches to make the transfer.

  1. What fees will be charged for overseas transfers online?
    For general overseas transfers, Handling Charges, Cable Charges and Correspondent Bank Charges will be placed. For DBS Remit, all these charges will be waived.
    Charge Type Transfer Currency Destination Fee
    Handling Charges Any currency Overseas HK$100 per transaction (waived for DBS Treasures customers)
    Cable Charges Any currency Overseas HK$100 per transaction
    Correspondent Bank Charges EUR / GBP Overseas HK$400 per transaction
    HKD / RMB / USD & other currencies Overseas HK$250 per transaction

    Transferring overseas at branches usually costs more. Please refer to the “Funds Transfer to Overseas Account” section of the Bank Charges Schedule for details of service charges.

     

  2. Will Correspondent Bank Charges be debited from the transfer fund amount?
    If you transfer via DBS Remit, the Correspondent Bank Charges will be waived.
    If you transfer via general overseas transfer, you can choose “Charge to me” or “Charge to payee”.

    “Charge to me”: The Correspondent Bank Charges will be charged from your debit account.
    “Charge to payee”: The Correspondent Bank Charges will be charged from the transfer amount.

  1. How long does it take for recipients to receive the funds?
    In general, the recipient will be able to receive the funds within 1 to 3 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.

  2. Why hasn’t the recipient received the funds?
    If the transaction status is “Sent”, but the recipient still hasn’t received the funds, it may due to the local clearing process of the recipient bank. Please check with the recipient bank.
    If the transaction status is “Error” or “Reject”, please call our Customer Service hotline.

  1. Can I transfer funds via DBS digibank HK to recipients whom I added in DBS iBanking before?
    Yes, you can and vice versa; you can also make transactions via DBS iBanking with recipients added on DBS digibank HK.

  2. Can I view the record of overseas transfer via DBS iBanking on DBS digibank HK?
    Yes, you can view your online overseas transaction history on both DBS iBanking and DBS digibank HK.

  3. How many transaction records can I view on DBS iBanking or DBS digibank HK?
    In DBS iBanking, you can view your last 5 transactions records in “DBS Remit and Overseas Transfer” under “Overseas Transfer History”, and view all transactions records in the past 6 months by clicking “View All”.
    In DBS digibank HK, you can view your last 10 transactions records over the past 6 months under “RECENT”.

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