Nothing brings more happiness than giving money to your loved ones on special occasions, and nothing provides greater comfort than ensuring financial stability in times of need. You may now quickly and easily send money online to any account worldwide with DBS bank’s international money transfer service. You may now transfer money to family members in more than 40 countries worldwide, whether you have children studying abroad or need to pay for medical operations.
DBS Bank International Transfer places a high value on making sure you’re never truly away from home. Sending money to family and friends overseas is a snap with our quick, easy, and user-friendly international money transfer service.
Send Money With DigiBank Remit
With more than 40 countries included in our remittance network, digibank Remit enables you to start quick, simple, and paperless international financial transfers. Make international money transfers from India to the US, UK, Australia, Canada, Singapore, Hong Kong, and Eurozone nations with DBS Bank International Transfer. Its online international money transfer service is still unrivalled, and monies are transferred to recipient accounts in a blink of an eye.
Must Read: RBS International Money Transfer
Key Benefits of Online Transfers with DBS Bank International Transfer
Below mentioned are the key benefits of online transfer:
Delivery on the same day
The fastest fund transfers to beneficiary accounts are cleared by Digibank by DBS. If you start the transfer procedure before the specified cutoff time, your recipients can get fund credits into their accounts that same day.
There are no fees
Why use any other international money transfer service when you can use Digibank for free? They don’t charge you any fees to send money abroad, and we don’t charge your beneficiary any costs when funds are successfully sent.
Competitive currency rates
Get the cheapest price when you transfer money from your own country to overseas bank accounts. You may select the exchange rate with your Competitive Forex rates on remittance.
Also Check Out: CRDB Bank International Money Transfer
Cut Off Time for Online Money Transfers
Do you require money to be sent urgently? Do you want your beneficiary to get the money right away? Currently, you can in some regions. Before beginning an international money transfer, please make sure to verify the cutoff time. If a transfer is funded after the daily cutoff time, the beneficiary will get the cash the next working day from the time the international money transfer was started.
Fees and Charges to Send Money Abroad
Below mentioned are the fees and charges to send money abroad:
| Currency & Country | Bank Fee | Agent Fees | GST |
| Any other currency/country | INR 500 | Agent fees, if applicable, will be charged | – |
| EUR to Eurozone SGD to Singapore USD to USA CAD to Canada GBP to the United Kingdom HKD to Hong Kong AUD to Australia | Free | Not applicable | As applicable from time to time, will be applied to your transaction. |
GST Charges
| Amount of Currency Exchanged (ACE) | GST Rates | Minimum GST | Maximum GST |
| Up to Rs. 1 Lakh | 0.18% + ACE | INR 45 | INR 180 |
| Between Rs 1 Lakh and Up to Rs 10 Lakh | INR 180 + 0.09% of ACE | INR 180 | INR 990 |
| Above Rs 10 Lakh | INR 990 + 0.018% of ACE | INR 990 | INR 10,800 |
Steps to Initiate Online Money Transfers
Pay no fees when sending money to friends and relatives in the United States, the United Kingdom, Europe, Singapore, Hong Kong, Australia, and Canada. With Digibank Remit, you can start an online international money transfer in 5 simple steps.
- Log in to the Internet banking site for Digibank.
- On your screen, locate the ‘Pay &Transfer’ tab.
- Select “Overseas Transfer” from the menu.
- Enter the beneficiary’s information, including name, bank name, account number, and contact information. Once the beneficiary has been established, move through by selecting the ‘Start a Transfer’ tab.
- You will receive a confirmation of the transaction on both your registered cellphone number and email address after your money transfer is successful.
- With Digibank Remit, enjoy same-day transfers that are rapid and paperless. The zero-fee policy is in effect.
Must Check Out: Indusind Bank International Money Transfer
FAQs
Ans. DBS Remit makes transfer stressless and effortless.
Ans. With DBS Remit, you can make transfers at a $0 transfer fee.
Ans. DBS overseas transfer takes 2-4 working days.
That was all about DBS Bank International Transfer! Hope you received better insights. Reach out to Fly.Finance for better guidance. For more study abroad needs, you can contact Leverage Edu.
