Singapore to China Remittance: How to Transfer via POSB e-Bank

POSB BANK 

Account Number: 0720360249  

Bank Name: DBS BANK LIMITED  

PayNow Proxy: 201941244H001  

 Important Notes:  

 Only personal bank accounts under the remitter's name are accepted  

 Corporate accounts & thirdparty transfers will be refunded  

 Complete payment promptly to avoid exchange rate fluctuations  

 If the reference number is missing or incorrect, processing may be delayed (~1 work day)  

 StepbyStep Guide:  

Step 1: Open the POSB/DBS internet banking app and select Transfer, Bank Account  

Step 2: Choose Transfer to Other Banks 

Step 3: Enter beneficiary details:  

    Account Name: Panda Remit  

    Bank: DBS/POSB  

Step 4: Verify beneficiary information  

Step 5: Enter transfer amount and reference number (from your Panda Remit order)  

Step 6: Review all details and confirm the transfer  

Step 7: After completing the transfer, return to the Panda Remit app Open your order Tap "I Have Transferred"  

 Frequently Asked Questions (FAQs)  

 Q: How to increase transfer limits?  

1. Go to More -  Local Transfer Limit  

2. Select Transfers to Other Banks 

Adjust your daily limit as needed  

Q: Can I use someone else’s bank account?  

 No. Only your own account is accepted. Thirdparty payments will be refunded.  

For further assistance, please contact Panda Remit Customer Support.