{"id":70161,"date":"2025-06-03T12:44:40","date_gmt":"2025-06-03T04:44:40","guid":{"rendered":"https:\/\/www.you.co\/sg\/?p=70161"},"modified":"2026-03-05T15:22:16","modified_gmt":"2026-03-05T07:22:16","slug":"dbs-remit-international-money-transfer","status":"publish","type":"post","link":"https:\/\/www.you.co\/sg\/blog\/dbs-remit-international-money-transfer\/","title":{"rendered":"DBS Remit International Money Transfer Guide (2025)"},"content":{"rendered":"\n

If you\u2019re considering sending money overseas with DBS Remit, here\u2019s a comprehensive guide that\u2019ll cover everything you need to know \u2014 from features to fees, and exchange rates.<\/strong><\/h2>\n\n\n\n
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When it comes to sending money overseas, DBS Remit is one of the go-to platforms in Singapore. Known for its fast transfers, low fees, and user-friendly interface, DBS Remit caters to those looking for an efficient way to send funds internationally. Whether you\u2019re sending money overseas to family, friends, or solely for your own savings, here\u2019s a DBS Remit guide for your international money transfers. <\/p>\n\n\n\n

Exploring alternatives? YouTrip<\/a> is another great option for overseas transfers, offering the best rates, no hidden fees, and some of the lowest transfer costs on the market. Read on to uncover which platform suits your needs best, and start saving on your international money transfers today!<\/p>\n\n\n\n

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DBS Remit: Introduction<\/strong><\/h2>\n\n\n\n
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There are two ways you can send money overseas with DBS \u2014 DBS Remit and the standard outward telegraphic transfer.<\/p>\n\n\n\n

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What is DBS Remit?<\/strong><\/h3>\n\n\n\n
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DBS Remit is a service offered by DBS Bank which allows you to send money overseas directly from your DBS\/POSB account via Internet banking or the DBS Digibank app. DBS Remit provides same-day* international money transfers to 50+ countries <\/strong>in 12 currencies<\/strong> at no fees.<\/p>\n\n\n\n

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What is Outward Telegraphic Transfer?<\/strong><\/h3>\n\n\n\n
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Outward Telegraphic Transfer (Regular Overseas Funds Transfer Online) provides international money transfers to 200+ countries <\/strong>in 19 currencies<\/strong>. The overseas transfer may require additional fees and could take 2 to 4 business days to reach your recipient. <\/p>\n\n\n\n

You\u2019ll mostly need to use a telegraphic transfer if you\u2019re sending in a different currency than what\u2019s used in the destination country (like sending SGD to Malaysia while you\u2019re in Singapore), or if DBS Remit doesn\u2019t support the destination you\u2019re sending to.<\/p>\n\n\n\n


\ud83d\udc49What is remittance? Here’s<\/a><\/strong> a guide to understanding the meaning of remittance<\/em><\/p>\n\n\n\n

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DBS Remit Vs Outward Telegraphic Transfer: Features Breakdown<\/strong><\/h2>\n\n\n\n
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What\u2019s the difference between DBS Remit and outward telegraphic transfers? Here\u2019s a breakdown of DBS\u2019 remittance charges and how long it\u2019ll take for your money to reach its designated destination.<\/p>\n\n\n\n

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<\/th>DBS Remit<\/strong><\/strong><\/th>Outward Telegraphic Transfer<\/strong><\/th><\/tr><\/thead>
Number of Countries & Currencies<\/strong><\/td>50+ countries in 12 currencies<\/td>200+ countries in 19 currencies<\/td><\/tr>
Speed of Transfer<\/strong><\/td>Same-day transfer to select markets within the cut-off times*<\/td>2-4 working days typically 

For regular overseas funds transfer to Taiwan in TWD: 1-2 weeks<\/td><\/tr>
Cable\/Telex Charges<\/strong><\/td>$0<\/td>$20<\/td><\/tr>
Handling Commission<\/strong><\/td>$0<\/td>\ud83d\udc49 S$5 for debiting amount equal to or below S$5,000
\ud83d\udc49 S$10 for debiting amount equal to or below S$25,000
\ud83d\udc49 S$35 for all other amounts<\/td><\/tr>
Agent Bank Charges<\/strong><\/td>$0<\/td>Varies based on destination<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: DBS<\/em><\/p>\n\n\n\n

*Same-day transfers depend on the currency you\u2019re sending and the cut-off time. Your recipient may not receive the funds immediately if the receiving bank is closed on certain days.<\/p>\n\n\n\n

Cut-off times for DBS can range from 10 AM to 5 PM depending on the currency you\u2019re sending. So if you\u2019re sending money after these timings, note that your recipient will not receive the funds on the same day. <\/p>\n\n\n\n

Here are the cut-off timings and availability for a few popular currencies: <\/p>\n\n\n\n