Singapore’s DBS Bank has introduced DBS Remit, which enables customers to enjoy same-day fund transfers to any bank in China, the UK as well as in Singapore. Using the facility, a customer can transfer funds in just 30 minutes to 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. 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.
