Transferring money is simple and inexpensive using Internet banking. Fortunately, there are now more affordable money transfer service to send money abroad with no transfer fees and excellent foreign currency rates. One of the finest ways to send money to anyone quickly and securely is with DBS Remit.
If you have a DBS bank account, you can use the DBS Digibank app to send money or initiate transactions from Singapore to the recipient’s bank account. You only need to tap three times to complete the simple money transfer process.
Sending money from Singapore to more than 50 locations in a single day is now possible. India, Korea, Indonesia, Canada, Hong Kong, Australia, Japan, countries in the Eurozone, Malaysia, Myanmar, Thailand, Philippines, New Zealand, UAE, USA, Vietnam, UK, and Bangladesh are among the nations included.
You can transfer money and monitor it with the DBS app to find out where it is till it gets to the intended recipient. Additionally, you can transfer money with a single tap and check currency exchange rates at no additional cost.
DBS Transfer
Same-day transfers, low rates, and no transfer fees to over 50 destinations.
Outward Telegraphic Transfer (OTT)
Frequent internet money transfers abroad to more than 200 locations.
Online money transfers have several advantages
Numerous money-transfer companies are available to you, and they provide the greatest services. However, based on the advantages they provide, selecting the best one is necessary. DBS’s online banking solution, Digibank, comes integrated with DBS Remit. It provides:
Same-day international money transfers
With DBS Remit, you may send money quickly and easily from Singapore to up to 50 destinations in one day. If the transfer process is started before the deadline, the recipients receive the funds transferred to their banking accounts in a shorter amount of time. You can avoid wasting time that would otherwise be required for an international wire transfer with DBS bank.
No transfer costs
There is a cost associated with using a conventional telegraphic transfer to send money internationally. This is not the case with DBS Remit, because users can send money to a recipient in any currency and avoid paying transfer fees. The receiver would receive the money in their preferred currency.
Competitive rates of foreign exchange
In money transfers abroad, the currency rate is a crucial factor to take into account. The exchange rate will affect larger fund transfers because a marginally better rate will save a sizable sum of money. You can make sure that you get the most out of your international money transfers into foreign bank accounts by using DBS Remit. Additionally, it gives you the option to select the conversion rate utilizing the attractive forex rates for remittances.
Monitor the money transfer
After transferring funds, you can use a bank app, such as the DBS Digibank app, to track the transfer’s real-time status and find out where the funds are located. You don’t have to be concerned about when the money will reach its destination. A push notice about the received status will be sent to you. This feature allows you to notify your receiver continuously until they get their payment.
User-friendly characteristics
Sending money overseas has gotten so simple that all you have to do is open your DBS Digibank app, select the destination, enter the amount, check the money transfer rates, and send after confirming the transaction. It is that easy and quick!
In conclusion, if you select the finest money transfer service provider, transferring money internationally requires no hassle and no transfer fees. With DBS Remit, you may transfer money quickly, cheaply, and at favourable foreign exchange rates.
