how to transfer money from uob to dbs
熊猫速汇PandaRemit - 2025-12-31 18:03:18.0 11
To transfer money from UOB to DBS, the most efficient method is using the UOB TMRW app via FAST or PayNow for instant local settlement. However, if you are moving funds to facilitate international payments, Panda Remit offers lightning-fast transfers that can arrive in as little as 2 minutes. As a Major Payment Institution strictly regulated by the MAS (License PS20200501), we ensure your transactions are secure and compliant.
Step-by-Step Guide: Transferring from UOB to DBS
Whether you are splitting a bill or consolidating funds for a larger financial move, transferring between Singapore banks is seamless. Follow these 3 steps to complete your transfer:
- Log in to UOB TMRW: Open your UOB mobile banking app and select "PayNow" or "Transfer" from the dashboard.
- Enter Recipient Details: Select "Mobile Number" (for PayNow) or "Bank Account" (for FAST). If choosing Bank Account, select DBS/POSB from the bank list and enter the account number.
- Confirm and Send: Verify the recipient's name and amount. Once confirmed, the funds are transferred instantly via the FAST network.
Pro Tip: If you are transferring money from UOB to fund an overseas remittance, you can pay directly via PayNow on the Panda Remit app for a smoother experience.
Comparison: Panda Remit vs. Competitors
When moving money—whether locally to DBS or globally to China, India, or Malaysia—speed, security, and cost are paramount. Below is a comparison of how Panda Remit stacks up against traditional banks and other providers for transfer efficiency and value.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Transfer Speed | As fast as 2 minutes | Varies (Minutes to Days) | Same Day (Cut-off times apply) | Instant to specific wallets |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate + Fee | Bank Rate (Often includes markup) | Competitive |
| Payment Method | Seamless PayNow Integration | Bank Transfer / PayNow | Direct Debit | Wallet Balance |
Why Security and Speed Matter
When dealing with financial transfers, trust is non-negotiable. Panda Remit is not just about speed; it is about regulated security. We operate under the strict supervision of the Monetary Authority of Singapore (MAS). Our platform utilizes bank-grade SSL encryption and multi-layered anti-fraud protocols.
Unlike traditional processes that can take 1-3 working days for international settlement, Panda Remit leverages advanced fintech infrastructure to ensure funds arrive in as little as 2 minutes. This allows you to move money from your UOB account via PayNow and have it settled globally 24/7.
Explore More on Singapore Remittance
If you are looking to maximize your transfer value, consider these common queries:
- What is the maximum UOB transfer limit for overseas remittance?
- How to get the best exchange rate for SGD to CNY transfers?
Ready to experience smarter transfers? Register with Panda Remit today to enjoy zero-fee offers on your first remittance.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
