How to Transfer Money from POSB to OCBC

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Majority of banks provide online banking services, in which you are able to transfer money, make bill payment, or view the transaction history of your account from your devices. It allows you to manage your banking activities and financial life on anytime and from anywhere.

POSB is not exception either. It has iBanking service that’s called Digibank. Not only this is a tool that lets you do all the features mentioned above, the service also allows you to create new accounts and apply for credit card. However, in this article, you’re going to specifically read about how to transfer money from POSB to OCBC.

What is POSB Digibank

Here are the benefits of using POSB Digibank:

  • It is user-friendly: With simple and intuitive interface, you will spend less time to manage your banking life.
  • It is accessible anywhere and anytime: Get more than 150 services related to banking in your tiny pocket to access as you’d like.
  • It provides convenience in transactions: Digital Token feature lets you to access simple banking on various devices.

Here are the security features of POSB Digibank:

  • Notification about transactions: Get notifications through SMS or email when you perform various activities through Digibank service.
  • One-Time Password: One-Time Password is an additional feature for security purpose provided by Digibank. To use this feature, your phone number must be registered to be POSB Bank.

Now, for the process of how to transfer money from POSB to OCBC, you should FAST a service that lets you send money nearly in instant time between banks that participated in it. Read below to know the steps to use FAST through iBanking and mobile banking.

Transfer Money from POSB to OCBC Digibank Online

Below are the steps to send money using Digibank Online from POSB to OCBC:

  1. Sign into your digibank Online account with Username and PIN.
  2. Choose Transfer > Other Bank Account.
  3. Input your iBanking PIN that’s comprised of 6 digits.
  4. Choose your recipient that uses OCBC Bank.
  5. Choose your account to use for the transfer and the amount of money transferred.
  6. You may choose the Purpose of Transfer options and additional note for the recipient.
  7. Select Next and then Submit to proceed with the transfer.

You may also like: How to Transfer Money from POSB to Maybank Malaysia

Transfer Money from POSB to OCBC Digibank Mobile

Below are the steps to send money using Digibank Mobile from POSB to OCBC:

  1. Sign into your digibank Mobile account with username and PIN or biometric recognition.
  2. Select Pay and Transfer > Local.
  3. Choose your recipient that uses OCBC Bank.
  4. Choose your account to use for the transfer and the amount of money transferred.
  5. You may choose the Purpose of Transfer options and additional note for the recipient.
  6. Select Next and then Transfer Now to proceed with the transfer.

As stated in prior, besides the feature to transfer money, you may use Digibank Online and Digibank Mobile to see your POSB Bank transaction history as well as other provided features. This way, you will be able to easily detect if there’s any transaction that goes unauthorized from your account.

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