International Money Transfer

Enjoy swift International Money Transfers with digibank.

There is no greater joy than sending money to your loved ones on happy occasions, and no relief is better than ensuring their financial security during emergencies. With our international money transfer service, you can now transfer money online to any account around the globe in just a few clicks. Whether you have children studying abroad or need to provide financial assistance for medical procedures, you can now send money to relations in over 40 countries worldwide.

At digibank we make it a priority to ensure you are never truly away from your home. Our swift, simple, and user-friendly international money transfer facility, make it a breeze for you to send money to your loved ones abroad.

**Conversion value taken as of 7th Oct from leading Indian private banks.
***Conversion value taken as on 7th Oct in digibank app

Send Money Abroad with digibank Remit

With more than 40 countries on our remittance network, you can initiate swift, hassle-free, and paperless international fund transfers through digibank Remit. Conduct international money transfers from India to The United States of America, The United Kingdom, Australia, Canada, Singapore, Hong Kong and countries in the Eurozone.Our international online money transfer service remains unbeatable, while funds are credited into beneficiary accounts in record time.

Key Benefits of Online Money Transfers

Same Day Delivery

digibank by DBS clears fund transfers to beneficiary accounts within the shortest timeframes. Your beneficiaries can receive fund credits into their account on the same day, provided you initiate the transfer process before the given cut-off time.

Zero Fees

Why go anywhere else when you can use digibank’s international money transfer facility at zero fund transfer fees? We do not charge you any fees to send money abroad, and we do not levy any fees on your beneficiary on successful fund transfers either.

Competitive Forex rates

Get the best value for your foreign currency transactions into bank accounts abroad. With our Competitive Forex rates on remittance, you can choose the rate of currency exchange.

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Introducing digibank Remit. Now transfer money to your loved ones across 40 countries.

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Cut off Time for Online Money Transfers

Do you need to send money urgently? Do you wish for your beneficiary to receive funds on the same day? Now, you can, in certain geographies. Just ensure you check our cut-off time before initiating an international money transfer. In case of transfers funded after the daily cut-off time, the funds will reach the beneficiary on the next working day, from the time of initiating the money transfer abroad.

Country	IN (IST) Time for same day transfer
USA (in USD)	11:30 AM
Australia (in AUD)	9:00 AM
UK (in GBP)	11:30 AM
Eurozone (in EUR)	11:30 AM
Hong Kong (in HKD)	11:30 AM
Singapore (in SGD)	11:30 AM
Canada (CAD)	11:30 AM

For online money transfers to all other countries or for fund transfer to the countries mentioned above in a non-local currency, the funds will be credited into the beneficiary account in 1-3 working days from the time of initiating the fund transfer successfully, before the cut-off time.

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Fees and Charges to Send Money Overseas

At digibank by DBS, we do not levy any charges on international money transfers from India to the following countries and their currency combinations.

Currency and Country	Bank Fee	Agent Fees	GST
USD to USA GBP to United Kingdom AUD to Australia EUR to Eurozone HKD to Hong Kong SGD to Singapore CAD to Canada	Free	Not applicable	As applicable from time to time, will also be applied to your transaction.
Any other currency / country combination	INR 500	Agent fees, if applicable, will be charged.

GST Charges

Amount of Currency Exchanged (ACE)	GST rates	Minimum GST	Maximum GST
Upto Rs. 1 lakh	0.18% of ACE	Rs. 45	Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakh	INR 180 + 0.09% of ACE	Rs. 180	Rs. 990
Above Rs. 10 lakh	INR 990 + 0.018% of ACE	Rs. 990	Rs. 10,800

Our product benefits have got your attention, right? Now click here to view the Demo Video to get you started.

*The Bank reserves the right to add, alter, vary and modify any or all of the above Fees & Charges at any time at its discretion without any notice.

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Steps to Initiate International Money Transfer

Send money to your friends and family in the USA, the UK, Europe, Singapore, Hong Kong, Australia and Canada at zero fees. Initiate international money transfer online in 5 easy steps with digibank Remit.

Log in to the digibank internet banking portal.
Look for the ‘Pay &Transfer’ tab on your screen.
Click on the Overseas Transfer option.
Enter the details of the beneficiary – their name, bank name, account number, contact details, etc. Once you set up the beneficiary, click on the ‘Start a Transfer’ tab to proceed.
Once your money transfer is successful, you will receive a confirmation of the transaction on your registered mobile number and email id.