DBS launches online remittance service

Source: DBS

DBS Remit enables customers to enjoy same-day funds transfers to any bank in China, the UK as well as DBS Bank in Singapore.

It only takes 30 minutes for funds to reach DBS Bank in Singapore. From now until 30 September 2016, customers will be entitled to a waiver of all remittance fees, including handling charge, cable charge and correspondent bank charge. Customers can also enjoy preferential exchange rates for real-time foreign currency exchange 7 x 24 online. Special offers are also available for transferring funds to other countries.

For added peace of mind, customers are notified via SMS once the transaction is completed. All DBS money transfer transactions are backed by the Bank’s Online Money Safe Guarantee, which guarantees that a customer’s money is secured when they bank online with DBS.

Royce Teo, Managing Director and Head of Consumer Banking Group and Wealth Management of DBS Bank (Hong Kong) Limited, said, "At DBS, we always strive to offer smarter, faster and more secure ways to connect our customers to opportunities around the world. With our free same-day online DBS Remit service, customers can transfer money to different countries with ease and live connected at all times."

Simply sign up as a DBS iBanking customer to enjoy the service and earn up to HK$6,300 additional welcome rewards by starting a DBS Treasures relationship.

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