DBS Bank International Transfer

dbs bank international transfer

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 & CountryBank FeeAgent FeesGST
Any other currency/country INR 500Agent 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
FreeNot applicableAs applicable from time to time, will be applied to your transaction.

GST Charges

Amount of Currency Exchanged (ACE)GST RatesMinimum GSTMaximum GST
Up to Rs. 1 Lakh0.18% + ACEINR 45INR 180
Between Rs 1 Lakh and Up to Rs 10 LakhINR 180 + 0.09% of ACEINR 180INR 990
Above Rs 10 LakhINR 990 + 0.018% of ACEINR 990INR 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

1. Can DBS transfer money overseas?

Ans. DBS Remit makes transfer stressless and effortless.

2. Is DBS overseas transfer free?

Ans. With DBS Remit, you can make transfers at a $0 transfer fee.

3. How long does a DBS overseas transfer take?

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.  

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