DBS Remit Guide (2026): Exchange Rates, Fees & Cut-Offs

Everything you need to know if you’re thinking of sending money overseas with DBS Remit.

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’re sending money overseas to family, friends, or solely for your own savings, here’s a DBS Remit guide for your international money transfers. 

Exploring alternatives? YouTrip 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!

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TL;DR: DBS Remit at a Glance

Table of Contents:

1. DBS Remit: Introduction
2. DBS Remit vs Outward Telegraphic Transfer: Features Breakdown
3. DBS Exchange Rates
4. DBS Remit: Are There Any Transfer Limits?
5. How to Send Money Overseas with DBS Remit
6. Alternative: Send Money Overseas with YouTrip
7. Save More on Your Overseas Transfers with YouTrip

DBS Remit: Introduction

There are two ways you can send money overseas with DBS — DBS Remit and the standard outward telegraphic transfer.

What is DBS Remit?

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+ locations in 19 currencies at no fees.

What is Outward Telegraphic Transfer?

Outward Telegraphic Transfer (Regular Overseas Funds Transfer Online) provides international money transfers to 200+ markets. The overseas transfer may require additional fees and could take 2 to 4 business days to reach your recipient.

You’ll mostly need to use a telegraphic transfer if you’re sending in a different currency than what’s used in the destination country (like sending SGD to Malaysia while you’re in Singapore), or if DBS Remit doesn’t support the destination you’re sending to.

What is remittance? Here’s a guide to understanding the meaning of remittance

DBS Remit Vs Outward Telegraphic Transfer: Features Breakdown

What’s the difference between DBS Remit and outward telegraphic transfers? Here’s a breakdown of DBS’ remittance charges and how long it’ll take for your money to reach its designated destination.

	DBS Remit	Outward Telegraphic Transfer
Number of Countries & Currencies	50+ locations in 19 currencies	200+ markets
Speed of Transfer	Same-day transfer to select markets within the cut-off times*	2–4 working days typically. For regular overseas funds transfer to Taiwan in TWD: 1–2 weeks
Cable/Telex Charges	$0	S$20 (waived for transfers to DBS/POSB accounts in China, Hong Kong, India, Indonesia, Taiwan)
Handling Commission	$0	Waived for amounts up to S$5,000 S$20 for S$5,001–S$25,000 S$35 for S$25,001–S$60,000 S$100 for S$60,001–S$120,000 S$120 for amounts above S$120,000
Agent Bank Charges	$0	Varies based on destination

Source: DBS

*Same-day transfers depend on the currency you’re sending and the cut-off time. Your recipient may not receive the funds immediately if the receiving bank is closed on certain days.

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

Here are the cut-off timings and availability for a few popular currencies:

• Malaysia: 2 PM ( Weekends)
• India: Real-time via IMPS (Mon–Sat)
• China: 3 PM ( Weekends)
• Indonesia: 2 PM ( Weekends)
• United States: 5 PM ( Weekends)

Wondering what the best Singapore credit card is for overseas spending? Find out here

DBS Exchange Rates

You can easily refer to DBS’ Digibank app for DBS exchange rates. Here’s a comparison of the foreign exchange rates between YouTrip and DBS.

*Rates taken as of 20 May 2026

Find out how to send money from Singapore to Malaysia here

DBS Remit: Are there any transfer limits?

Generally, the daily transfer limit for sending money overseas online is S$200,000. However, this varies based on the country you’re transferring to. Likewise, transaction limits can vary based on the currency as well.

This is how much you can send per transaction for the following popular currencies:

• Malaysia: 500,000 MYR per transaction
• China: USD 50,000 per year (under SAFE regulations for direct CNY transfers)
• Philippines: SGD 200,000 daily to bank accounts (or 50,000 PHP per transaction via GCash)
• Vietnam: 500,000,000 VND per transaction

Find out how to send money overseas with YouTrip here

How to send money overseas with DBS Remit:

There are two ways you can send money overseas: 1. the DBS Digibank app or online banking, 2. Visit a DBS branch.

1. DBS Digibank app or online banking

1. Open a POSB/DBS account
2. Sign up with Digibank > log in to your POSB/DBS account
3. Select ‘Pay & Transfer’ > ‘Overseas Transfer Funds’
4. Select ‘existing recipient’ or ‘add new recipient’
5. Enter transaction details > verify details and submit

2. Visit a DBS branch

If you’re transferring over S$200,000, you can choose to make your DBS overseas transfer at a branch. Here’s how you do it: 

1. Complete a telegraphic transfer form 
2. Submit the form to a bank teller for processing 
3. Verify your identity with the teller and confirm your transfer details

Find out more about YouTrip’s Wholesale Exchange Rates here

Alternative options: Send money overseas with the best rates via YouTrip

Send money overseas to 40+ countries with the best rates all day and no hidden fees with YouTrip. Experience same-day or even instant transfers for popular currencies with Duitnow, Gcash and UPI — with no cut-off timings anytime, any day. 

Check out our guide to the best multi-currency cards for the biggest savings here

Save more on your overseas transfers with YouTrip

Sending money overseas has never been easier, faster, or more affordable. With YouTrip, you’re in control of every aspect of your transfer — from getting the best exchange rates to low transfer fees.

Ready to get started? Sign up today with <YTBLOG5> to get FREE S$5 in your account and experience a smarter way to transfer money internationally!

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Bon voyage!

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