Question 1

How is my international transfer request funded?

Accepted Answer

When you place a request to transfer money from India to Malaysia on the digibank by the DBS Internet Banking portal, your savings account gets debited with the equivalent INR amount shown on the confirmation receipt.

Question 2

What are the minimum and maximum limits on overseas funds transfer with digibank by DBS Internet banking?

Accepted Answer

The minimum limit is USD 10 (or its equivalent) per transaction, while the maximum limit is USD 25000 per transaction. The daily limit is USD 25000. The annual limit is USD 250,000.

Question 3

When will the beneficiary receive the payment?

Accepted Answer

For the USA, UK, Australia, Canada, Europe, Hong Kong and Singapore, the beneficiary will receive the payment on the same day, provided the payment is made before the cut-off time. If payment is sent out after the cut-off time, the beneficiary will receive the amount on the next working day. For other countries or currencies, the payment will be received in 1-3 working days if sent before and 2-4 working days if sent after the cut-off time.

Question 4

What is the processing fee for outward remittance through digibank by DBS Internet Banking?

Accepted Answer

digibank by DBS does not charge any processing fee for international fund transfers to the USA, UK, Australia, Canada, Europe, Hong Kong, and Singapore. For other countries or currencies, INR 500 is charged upfront as a processing fee. There is no hidden cost, and all charges are displayed during the transaction.

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