How Much Can You Withdraw From POSB/DBS?

Did you realize that there is actually a default daily transaction limit on withdrawals for your DBS/POSB account?

The default limit is relatively low to safeguard your account.

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It is good to know the default amount so that we can change the limit to a higher or lower amount in times of need.

Everyday is a bank account

Default Daily Limit

  • ATM Cash withdrawal – $2,000
  • NETS – $2,000
  • Funds Transfer to another POSB/DBS account – S$5,000
  • Funds Transfer to other local bank’s account – S$1,000

You can change the increase or decrease the limit through iBanking if you require it.

Sources

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