DBS Remit is an overseas funds transfer service offering provided by DBS Singapore to over 35 countries, including India, Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam. With a DBS or POSB account, customers can transfer money through the provided bank account to bank account service. To learn more about the service offering, visit DBS’ website.
In order to use the remittance service, customer needs to hold an account with the DBS Bank. Also, the customer does not need to provide any ID proof for making a remittance as the ID proof verification is done by DBS Bank at the time of opening the account.