Wah lau ye, what you'all talking about??? Most info given here
is wrong.
1. You can do fund transfer between posb and dbs OR OCBC and UOB at
the ATM. For posb/dbs, use either atm cards on either ATMs. For
OCBC/UOB, if u are transfering from UOB to OCBC, use your UOB ATM
card at an OCBC ATM, vice versa. It's free.
Note: You CANNOT transfer between OCBC/UOB to DBS/POSB via
ATM.
2. You can however do an Internet fund transfer. Its free. You can
transfer to any bank in SG. It will take 2-3 working days for the
funds to reach. There is however a daily limit amount you can
transfer depending on bank. Mine is 5k for the local banks, 10K for
the foreign banks.
3. You can do a local MEPS transfer (local TT) between banks. There
will be a charge maybe $30 (chk with the bank). It will take one
working day.
4. You can withdraw a cashier's order (bank issue cheque) and
deposit it into the intended party's account. Payable to own name,
free, payable to third party got charge (Usually $20).
