DBS Remit is the free overseas-transfer feature inside the DBS/POSB digibank app: send money to 19 currencies and over 200 markets with a S$0 transfer fee, and the cash usually leaves the same day if you beat the cut-off. The catch is the one number DBS never shows you on screen. A S$0 fee does not mean a free transfer, because the bank earns its margin inside the exchange rate it gives you. For small everyday transfers that margin is often cheaper than the fees a money changer or a wire would charge, so DBS Remit genuinely wins. For larger sums, a specialist app can still leave your recipient with more. This guide gives the verified 2026 fees, the per-currency cut-off times, the real limits, and the corridors where DBS Remit stops being the best deal.
DBS Remit is not a separate product you sign up for. It is the cheaper of the two overseas-transfer rails inside the digibank app, and the app picks it automatically when your destination and currency qualify. You will only ever see it as the S$0-fee option on the transfer screen.
The other rail is the regular Outward Telegraphic Transfer, or OTT, which is the old-school international wire. OTT reaches more places and handles bigger amounts, but it charges a handling commission and a cable fee on top of the exchange rate. When DBS shows you a fee on the transfer screen, you are on OTT, not Remit.
DBS Remit only works when you send in the destination's own local currency. Send US dollars to a US account and it is Remit and free. Send US dollars to an account in Thailand and it falls back to OTT with fees. If you are still deciding whether a bank rail beats a dedicated app, our best remittance service in Singapore comparison runs the numbers side by side.
The transfer fee on DBS Remit is S$0 across all 19 eligible currencies, as confirmed on the DBS overseas funds transfer fees page (verified June 2026). There is no cable charge, no handling commission and no correspondent-bank deduction on a standard Remit transfer when you send in the local currency.
What you do pay is the exchange-rate margin. DBS quotes you a rate that sits a little below the mid-market rate, the genuine rate you would see on Google or Reuters, and that gap is how the bank earns on a fee-free transfer. Third-party rate trackers put the DBS Remit margin at roughly 0.6 to 1.8 percent depending on the corridor as of mid-2026, with major currencies like USD and GBP near the low end and corridors like INR, PHP and IDR near the high end. DBS does not publish a fixed margin, so treat those as observed ranges, not guarantees.
The practical takeaway: on a S$500 transfer, a sub-one-percent margin is a few dollars, which beats almost any wire fee. On a S$20,000 transfer, even 1 percent is S$200 quietly baked into the rate. Knowing your mid-market rate before you confirm is the only way to see what you are really paying. The same logic applies to spending abroad on cards, which we cover in the multi-currency card comparison.
DBS Remit is same-day if you submit before that currency's cut-off on a business day, otherwise it goes out the next business day. Weekend and public-holiday transfers are processed the next working day. The cut-off is when DBS sends the money out; when your recipient's bank actually credits it depends on that bank's own clearing hours.
All times below are Singapore time and were verified on the DBS overseas funds transfer service standards page in June 2026. Cut-offs shift occasionally, so glance at the in-app time before you rely on a same-day arrival.
| Destination | Currency | Cut-off (SGT) |
|---|---|---|
| Australia | AUD | 12:00pm |
| Bangladesh | BDT | 11:00am |
| Canada | CAD | 5:00pm |
| Eurozone | EUR | 5:00pm |
| Hong Kong | HKD | 4:30pm |
| Indonesia | IDR | 2:00pm |
| Japan | JPY | 10:30am |
| South Korea | KRW | 2:00pm |
| Mainland China | CNY | 3:00pm |
| Mainland China (Alipay) | CNY | 8:00pm |
| Malaysia | MYR | 2:00pm |
| Myanmar | MMK | 12:00pm |
| New Zealand | NZD | 10:00am |
| Philippines | PHP | 11:00am |
| UAE | AED | 5:00pm |
| United Kingdom | GBP | 5:00pm |
| United States | USD | 5:00pm |
| Vietnam | VND | 2:30pm |
| India | INR | Check in-app |
The headline daily limit on DBS Remit is SGD 200,000 for most currencies, per the DBS service standards page (June 2026). That is the same overall daily overseas-transfer cap that applies in digibank, so for most people the binding constraint is their own digibank transfer limit, not Remit itself.
Some corridors have their own country rules layered on top. South Korea (KRW) caps at the equivalent of USD 20,000 per transfer, and Mainland China (CNY) is limited to USD 50,000 per year under China's foreign-exchange rules. Those are regulatory limits, not DBS choices, so no bank can lift them.
If you need to move more than your digibank limit allows, you can raise the daily transfer limit in the app's settings, or use OTT for amounts up to S$200,000 online and a branch for anything larger. Moving a big sum overseas usually means it is feeding a goal like property or relocation, so it is worth checking it against your wider plan with the net worth calculator first.
The flow is the same on the app and on internet banking, and DBS now lets you start an overseas transfer from the pre-login screen so you can check rates without signing in.
DBS Remit is the easy winner for small to mid-sized transfers in a covered currency, especially if speed and not touching another app matter to you. The S$0 fee plus a sub-one-percent margin on a few hundred or a few thousand dollars is hard to beat, and the money is already inside your bank.
It stops being the cheapest in two situations. The first is large transfers, where even a one-percent margin runs into hundreds of dollars and a specialist that quotes near the mid-market rate can leave your recipient with noticeably more. Published worked examples on a S$10,000 USD transfer have shown a low-margin rival delivering tens of US dollars more than DBS Remit on the same day. The second is unsupported corridors, where you drop onto OTT and pay both fees and a margin, at which point an app almost always wins.
Whichever rail you use, confirm the provider is licensed by the Monetary Authority of Singapore before you send a cent. DBS is a full bank, but if you are weighing a transfer app instead, the MAS Financial Institutions Directory is the check that takes 30 seconds. For everyday money discipline once the transfer is done, the personal budget calculator helps you see whether these overseas costs are creeping into your monthly spend.
The transfer fee is genuinely S$0 with no cable charge or commission when you send in the destination's local currency. The cost is the exchange-rate margin, roughly 0.6 to 1.8 percent depending on the corridor, which DBS earns inside the rate it quotes rather than as a visible fee.
If you submit before the currency's cut-off on a business day, DBS sends it out the same day, and many transfers arrive the same or next day. After the cut-off, on weekends or on public holidays, it is processed the next business day, and final crediting still depends on the recipient bank's own clearing hours.
The overall daily overseas-transfer limit is SGD 200,000 for most currencies, though your own digibank transfer limit may be lower and can be raised in the app. Some corridors have country rules, such as USD 20,000 per transfer for South Korea and USD 50,000 per year for Mainland China.
DBS Remit is the free rail used for 19 currencies sent in the destination's local currency, with no transfer fee. OTT, the regular telegraphic transfer, covers more destinations and larger amounts but charges a handling commission plus a S$20 cable fee on top of the exchange-rate margin.
As of June 2026 DBS Remit covers 19 currencies including USD, GBP, EUR, AUD, CAD, NZD, JPY, KRW, CNY, HKD, INR, IDR, MYR, PHP, THB-region and Vietnam, UAE, Myanmar and Bangladesh, reaching over 200 markets. You must send in the local currency for the transfer to qualify as fee-free Remit.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.