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Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The table below shows DBS Bank Singapore dollar (SGD) Buy Cash exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | DBS Bank Buy Cash Rate | Cost% |
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DBS Bank has received numerous awards and accolades over the years for its banking and financial services, including being named "World's Best Bank" by Euromoney and "Asia's Best Bank" by The Banker. The bank is recognized for its commitment to innovation, sustainability, and social responsibility, as well as its focus on providing a seamless and personalized customer experience.
DBS Remit is an online money transfer service offered by DBS Bank that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in multiple currencies and allows for same-day or next-day transfers, making it a convenient and fast option for sending money internationally.
DBS Remit offers competitive exchange rates and low fees, making it an affordable option for sending money overseas. Customers can also benefit from preferential exchange rates for selected currencies, which can help them save money on their international money transfers.
DBS Remit is available in a range of countries and regions, including Southeast Asia, China, Hong Kong, Taiwan, India, Australia, New Zealand, Europe, the United Kingdom, and the United States. The service allows customers to send money to over 40 countries and regions worldwide, including the Philippines, Indonesia, Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, India, the United States, and the United Kingdom.
To use DBS Remit, customers need to have a DBS or POSB account and access to DBS's online banking platform or mobile app. Customers can initiate the transfer online and track the status of their transfer through the platform. DBS Bank also provides customer support to assist customers with any questions or concerns related to their DBS Remit transactions.
Overall, DBS Remit is a reliable and convenient option for sending money internationally, with competitive exchange rates and low fees. As it operates in multiple countries and regions, it provides a flexible and accessible solution for customers looking to send money overseas.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
If you’re planning a one-week mid-range stay in Indonesia, it’s advisable to budget around IDR 7,000,000 to IDR 10,000,000 (approximately $470 to $670) for a comfortable experience. Travel expenses can vary greatly depending on your activities, but here’s a quick overview of typical daily costs to help you plan:
Generally, Indonesia is considered an affordable destination, ranking lower on the price scale compared to the United States. For instance, a meal in the U.S. can average around $15, whereas a similar meal in Indonesia typically costs about $3-6. When compared to Australia, where everyday expenses are relatively higher, travelers can expect to save significantly in Indonesia, making it an attractive option for budget-conscious tourists.
For expats settling in Indonesia, the average monthly living costs can range from IDR 15,000,000 to IDR 30,000,000 (around $1,000 to $2,000), depending on lifestyle choices and location. This estimate includes rent, utilities, groceries, and leisure activities. To manage your finances effectively, it’s crucial to understand the banking landscape: many locals use debit and credit cards, but cash is still king in many markets and restaurants.
When it comes to money transfers, using local exchange services can sometimes yield better rates than your bank, but for international transfers, platforms like Wise or OFX often provide competitive rates with lower fees compared to traditional banks. Consider keeping a balance of both options: exchange a small amount of cash locally for immediate use, and leverage online transfer services for larger expenses or when sending money home. This approach ensures you benefit from the local convenience while minimizing costs associated with currency exchange.
View a full list of exchange rates by selecting your Base (from) currency:
