Need Help – Funds Transfer

Funds Transfer to My Account

Transfer Funds to My Account
Deactivate Funds Transfer Service

Transfer Funds to My Account

This service allows you to transfer funds immediately between your own accounts. You can use this service to transfer funds:

Between your DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)
Between your DBS Cashline and Credit or Charge Cards*

The crediting account can be your personal/joint-alternate/joint-all deposit account, MCSA or Trust-Minor/First account in Singapore Dollar or foreign currencies.

The debiting account can be your personal/joint-alternate deposit account or MCSA in Singapore Dollar or foreign currencies. Alternatively you can use your DBS Credit or Charge card as the debiting account.

For funds transfer using Credit Card, there will be a Cash Advance Fee of 6% (minimum charge of S$15) plus a finance charge of 24% per annum (minimum charge of S$2.50) on the amount withdrawn, calculated on a daily basis from the date of withdrawal until receipt of full payment.

* The Credit Card limit shall apply

Singapore Dollar Transactions

When Transferring	Example	Submission & Processing
Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)	Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B	Submission is available at any time of the day and transaction will be processed immediately.
Between DBS/POSB Singapore Dollar and Multi-Currency Autosave (MCA) Accounts	Transfer from POSB Savings Account to Multi Currency Autosave (MCA) Account	Submission is available at any time of the day and transaction will be processed immediately.
Between DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)	Transfer from DBS/POSB Singapore Dollar (or MCA) accounts to Wealth Investment Multi Currency Settlement Account (MCSA) and vice versa	Submission is available at any time of the day. Transactions will be processed immediately if submission is made between 0900 hr and 2100 hr on working days. Transfers submitted outside the above hours will be processed the next available working day. Transfers submitted on the last day of the month that falls on a working day will be processed immediately if the submission is made between 0900 hr and 2000 hr. Note: Working days are Mondays to Fridays, excluding public holidays.

When Transferring

Example

Submission & Processing

Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)

Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B

Submission is available at any time of the day and transaction will be processed immediately.

Between DBS/POSB Singapore Dollar and Multi-Currency Autosave (MCA) Accounts

Transfer from POSB Savings Account to Multi Currency Autosave (MCA) Account

Submission is available at any time of the day and transaction will be processed immediately.

Between DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)

Transfer from DBS/POSB Singapore Dollar (or MCA) accounts to Wealth Investment Multi Currency Settlement Account (MCSA) and vice versa

Submission is available at any time of the day. Transactions will be processed immediately if submission is made between 0900 hr and 2100 hr on working days.
Transfers submitted outside the above hours will be processed the next available working day.
Transfers submitted on the last day of the month that falls on a working day will be processed immediately if the submission is made between 0900 hr and 2000 hr.

Note: Working days are Mondays to Fridays, excluding public holidays.

There is no maximum limit to the amount of funds you can transfer between your Singapore Dollar accounts. You can transfer up to the available balance in the “From” account.
Future dated transfers are supported. Simply select the “Future Transfer (SGD only)” option and specify the transfer date of up to 30 days in advance.
Future dated transactions will be effected on the date you have specified and your funds will be debited one working day before.
Funds transfers made after 2330 hr (or 2030 hr on the last working day of the month) will not be available for any deductions such as (but not limited) to GIRO items, cheque clearing and payment of loan instalments that have been pre-scheduled for the following day.

Foreign Currency Transactions

When Transferring	Example	Submission & Processing Schedule
Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)	Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B	Submission is available at any time of the day and transaction will be processed immediately.
Between DBS/POSB Singapore Dollar and Multi-Currency Autosave Accounts	Transfer from POSB Savings Account to Multi Currency Autosave Account	Submission is available only between 0900 hr and 2100 hr on working days. Transactions will be processed immediately within the same time period. On any last calendar day of the month that also falls on a working day, submission is available only between 0900 hr and 2000 hr. Note: Working days are Mondays to Fridays, excluding public holidays.
Between DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)	Transfer from DBS/POSB Singapore Dollar (or MCA) accounts to Wealth Investment Multi Currency Settlement Account (MCSA) and vice versa	Submission is available only between 0900 hr and 2100 hr on working days. Transactions will be processed immediately within the same time period. On any last calendar day of the month that also falls on a working day, submission is available only between 0900 hr and 2000 hr. Note: Working days are Mondays to Fridays, excluding public holidays.

When Transferring

Example

Submission & Processing Schedule

Between Wealth Investment Multi Currency Settlement Accounts (MCSAs)

Transfer from Multi Currency Settlement Account #A to Multi Currency Settlement Account #B

Submission is available at any time of the day and transaction will be processed immediately.

Between DBS/POSB Singapore Dollar and Multi-Currency Autosave Accounts

Transfer from POSB Savings Account to Multi Currency Autosave Account

Submission is available only between 0900 hr and 2100 hr on working days. Transactions will be processed immediately within the same time period.
On any last calendar day of the month that also falls on a working day, submission is available only between 0900 hr and 2000 hr.

Note: Working days are Mondays to Fridays, excluding public holidays.

Between DBS/POSB Singapore Dollar, Multi-Currency Autosave (MCA) and Wealth Investment Multi Currency Settlement Accounts (MCSA)

Transfer from DBS/POSB Singapore Dollar (or MCA) accounts to Wealth Investment Multi Currency Settlement Account (MCSA) and vice versa

Note: Working days are Mondays to Fridays, excluding public holidays.

Transfers involving your foreign currency accounts are subject to a limit of S$200,000 equivalent.
Cross currency funds transfers between MCSA and Retail Banking accounts are supported.
Funds transfers made after 2330 hr (or 2030 hr on the last working day of the month) will not be available for any deductions such as (but not limited) to GIRO items, cheque clearing and payment of loan instalments that have been pre-scheduled for the following day.
Future dated transfers are not supported for foreign currency transactions.

Deactivate Funds Transfer Service

This service allows you to deactivate your Funds Transfer service. To find out more, please click here.