Sending money abroad has never been easier, thanks to DBS Bank International Transfer services. Whether you’re paying for education, supporting family, or managing overseas expenses, DBS Bank offers a seamless, secure, and cost-effective solution.
This comprehensive guide covers everything you need to know about DBS Bank International Transfer, including its features, fees, process, and tips to maximize value.
Table of contents
- What Makes DBS Bank International Transfer Stand Out?
- Exploring DBS Bank International Transfer Options
- How to Send Money Abroad with DBS Bank International Transfer
- Fees and Exchange Rates for DBS Bank International Transfer
- Exchange Rates for DBS Bank International Transfer
- Cut-Off Times for Same-Day DBS Remit Transfers
- Benefits of Choosing DBS Bank International Transfer
- Tips to Optimize Your DBS Bank International Transfer
- FAQs on DBS Bank International Transfer
What Makes DBS Bank International Transfer Stand Out?
DBS Bank is a leading financial institution in Asia, renowned for its innovative digital banking solutions. DBS Bank’s international wire transfer services, including DBS Remit and telegraphic transfers, are designed for speed, affordability, and global reach.
Here are the reasons why DBS bank international transfer is a top choice for sending money abroad.
- Extensive Network: Transfer funds to over 200 countries in 30+ currencies.
- Rapid Transfers: Same-day delivery to select destinations via DBS Remit.
- Zero Fees: For inward and outward remittances, no charges for eligible DBS Remit transfers to major markets.
- User-Friendly Platforms: Initiate transfers 24/7 via DBS Internet Banking or digibank app.
Also Read: What is Remittance Meaning: Types of Remittances & its Modes
Exploring DBS Bank International Transfer Options
DBS Bank offers two primary methods for international transfers: DBS Remit and Outward Telegraphic Transfers (OTT). Each caters to different needs based on destination, currency, and urgency. Let’s explore the DBS bank international transfer options to help you choose the right one.
DBS Remit: Swift and Cost-Free
DBS Remit is perfect for fast, low-cost transfers to over 50 countries in 19 currencies. This option of DBS bank international transfer is ideal for urgent payments like tuition fees or family support, often with zero fees.
- Supported Currencies: USD, EUR, GBP, AUD, SGD, HKD, CAD, and more.
- Key Destinations: USA, UK, Australia, Canada, Singapore, Hong Kong, Eurozone.
- Speed: Same-day delivery if initiated before cut-off times (e.g., 11:30 AM IST for USD).
- Limits: Up to USD 25,000 per transaction; USD 250,000 annually under RBI’s Liberalized Remittance Scheme (LRS).
Outward Telegraphic Transfers: Global Flexibility
For destinations or currencies outside DBS Remit’s scope, Outward Telegraphic Transfers provide a versatile solution. Though this option of DBS bank international transfer is slower and costlier, they ensure global coverage.
- Currencies: 30+ currencies, including INR, JPY, CHF, and NZD.
- Destinations: 200+ countries, including South Korea, Taiwan, and UAE.
- Speed: 2–4 business days, depending on the recipient’s bank.
- Costs: Includes cable charges (SGD 20–35) and potential agent fees.
How to Send Money Abroad with DBS Bank International Transfer
Initiating a DBS Bank International Transfer is simple, whether online or at a branch. The process is streamlined for efficiency and compliance with regulatory requirements. Follow these steps to get started.
Online Transfers via DBS Internet Banking
DBS Internet banking offers a convenient way to send money abroad anytime, provided you have a digibank account and sufficient funds. Here is the process of online DBS bank international transfer:
- Log In: Access DBS Internet Banking or the digibank app.
- Select Option: Go to “Pay & Transfer” and choose “Overseas Transfer.”
- Add Payee: Enter the recipient’s name, bank details (SWIFT code, account number), and address. Authenticate with a digital token.
- Initiate Transfer: Choose the currency, amount, and purpose (e.g., education). Review the exchange rate and fees.
- Confirm: Accept the Terms & Conditions and FEMA declaration. Submit with an SMS OTP.
- Track Status: Receive confirmation via email/SMS and use DBS Remit Tracker for updates.
Branch Transfers for Larger Amounts
For high-value transfers (above SGD 200,000) or personalized assistance, visit a DBS branch. Staff guide you through the process and ensure compliance.
- Requirements: Provide recipient details digitally; no physical documents needed.
- Processing: Same-day for DBS Remit; 2–4 days for OTT.
- Support: Expert assistance for complex transfers or regulatory queries.
Fees and Exchange Rates for DBS Bank International Transfer
Understanding the costs involved in DBS Bank International Transfer helps you plan effectively. DBS Bank offers transparent pricing, but fees and exchange rates vary by service. Here’s a detailed breakdown.
- DBS Remit: Zero fees for transfers to USA (USD), UK (GBP), Australia (AUD), Eurozone (EUR), Hong Kong (HKD), Singapore (SGD), and Canada (CAD). Nominal fees for other anatomy otherwise.
- Telegraphic Transfer:
- Cable Charges: SGD 20–35 per transaction.
- Handling Commission: SGD 10 (waived for DBS Treasures clients).
- Agent Fees: SGD 10–30, depending on intermediary banks.
- GST Charges (as of May 2025):
- Up to INR 1 lakh: 0.18% of amount, min INR 45, max INR 180.
- INR 1–10 lakh: INR 180 + 0.09% of amount, max INR 990.
- Above INR 10 lakh: INR 990 + 0.018% of amount, max INR 10,800.
Exchange Rates for DBS Bank International Transfer
DBS Bank applies a retail exchange rate for DBS Bank international transfer, a ~3% markup over the mid-market rate.
For example, transferring USD 25,000 at INR 84.50/USD costs INR 2,112,500, including a markup of ~INR 63,750. Lets see the exchange rates for some countries:
| Destination/Currency | DBS Remit Fee | OTT Fee (SGD) | Est. Markup |
| USA (USD) | Zero | 20–35 + agent | ~3% |
| UK (GBP) | Zero | 20–35 + agent | ~3% |
| Taiwan (TWD) | INR 500 | 20–35 + agent | ~3–5% |
Here are the other details:
- Transparency: Rates displayed before confirmation.
- Locked-In Rates: Fixed 24/7 for DBS Remit transfers.
- Comparison: Providers like Wise may offer lower markups (~0.5–1%).
Cut-Off Times for Same-Day DBS Remit Transfers
To ensure same-day delivery with DBS Remit, initiate transfers before the specified cut-off times. For non-listed countries or non-local currencies, expect 1–3 business days. Here are the cut-off time for DBS Bank international transfer country wise:
| Country (Currency) | Cut-Off Time (IST) |
| USA (USD) | 11:30 AM |
| UK (GBP) | 11:30 AM |
| Australia (AUD) | 9:00 AM |
| Eurozone (EUR) | 11:30 AM |
| Hong Kong (HKD) | 11:30 AM |
| Singapore (SGD) | 11:30 AM |
| Canada (CAD) | 11:30 AM |
Benefits of Choosing DBS Bank International Transfer
DBS Bank international transfer combines affordability, speed, and reliability, making it a preferred choice for global payments. Here’s why it stands out.
- Cost Savings: Zero fees on DBS Remit for major destinations.
- Fast Delivery: Same-day transfers to key markets.
- Paperless Process: Fully digital, compliant with RBI’s LRS and FEMA.
- Real-Time Tracking: Monitor transfers via DBS digibot or Remit Tracker.
- Competitive Rates: Transparent forex rates with 24/7 availability.
Also Read: FEMA Act, 1999: Full Form, Objectives, Features, Guidelines
Tips to Optimize Your DBS Bank International Transfer
Maximize the efficiency and value of your international transfers with these practical tips. Proper planning ensures a smooth experience.
- Verify Details: Double-check recipient’s name, SWIFT code, and account number.
- Time Transfers: Initiate before cut-off times for same-day delivery.
- Stay Within Limits: Adhere to USD 25,000 daily and USD 250,000 annual LRS limits.
- Compare Providers: Check rates against Wise or YouTrip for large transfers.
- Secure Transactions: Use a digital token via the digibank app for authentication.
DBS Bank international transfer offers a fast, secure, and cost-effective way to send money to over 200 countries. With DBS Remit’s zero-fee, same-day transfers and the flexibility of telegraphic transfers, you can meet diverse needs, from education payments to family support. Follow the simple steps on DBS Internet Banking or visit a branch to initiate your transfer. Open a DBS Bank account today and experience hassle-free international money transfers.
FAQs on DBS Bank International Transfer
The DBS Bank international transfer allows up to USD 25,000 per transaction, with an annual LRS limit of USD 250,000. Branch transfers via OTT can go up to SGD 200,000 daily.
No fees apply for DBS Remit transfers to select countries (e.g., USA, UK, Australia) in their local currency. Other transfers may incur INR 500 plus GST.
The DBS Bank international transfer offers same-day delivery to select destinations before cut-off times. Telegraphic transfers take 2–4 business days.
Yes, DBS Bank international transfer is safe because DBS uses advanced encryption, digital token authentication, and SMS OTPs to ensure secure transactions.
DBS Remit offers zero fees for transfers to select countries (e.g., USA, UK, Australia) in local currencies. Telegraphic transfers incur SGD 20–35 cable charges, SGD 10 commission (waived for Treasures clients), and agent fees (SGD 10–30). GST applies based on the amount exchanged, ranging from INR 45–10,800.
Log in to DBS Internet Banking, select “Pay & Transfer,” then “Overseas Transfer.” Add the recipient’s details (name, SWIFT code, account number), choose the currency and amount, confirm the exchange rate, and submit with an SMS OTP. Use DBS Remit for same-day transfers or visit a branch for high-value payments.
Yes, use DBS Remit Tracker or digibot to monitor transfer status in real time.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
