Wise vs DBS Remit - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Wise and DBS Remit have emerged as leading choices. Both Wise and DBS Remit online platforms offer efficient and cost-effective and secure international money transfers from Wise and DBS Remit.

We compare Wise vs DBS Remit into the unique features and benefits that distinguish Wise vs DBS Remit, empowering you to make an informed decision based on your specific transfer needs like Wise vs DBS Remit fees, currencies available, available payment methods on Wise compared to DBS Remit, support options offered by Wise vs DBS Remit, speed and more.

Wise vs DBS Remit: Quick Feature Comparison

  1. Visit Wise alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  2. Visit Wise alternative DBS Remit Visit DBS Remit

    Used By: 2400000
    Currencies Available: 7
    Transfer Fees: S$35
    Payment Methods: Bank deposit
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: S$500
    Max Transfer: S$200,000
    Year Founded: 1968

Wise vs DBS Remit: Pros and Cons

Wise vs DBS Remit
Advantages

Wise Advantages DBS Remit Advantages
  • Wise has been serving clients for over 13 years
  • Wise is well rated among clients.
  • Wise is available internationally.
  • Wise has multiple currency options.
  • Wise provides phone customer support.
  • Wise provides email customer support.
  • Wise is available to iOS Apple device users.
  • Wise is available to Android mobile device users.
  • DBS Remit has been in operation for over 56 years.
  • DBS Remit boasts a high rating for sending money.
  • DBS Remit operates in numerous international countries.
  • DBS Remit offers an extensive range of currency options for money transfers.
  • DBS Remit has a Apple iOS app on Apple app store.
  • DBS Remit offers a Android Google Play Store mobile app.

Wise vs DBS Remit
Disadvantages

Wise Disadvantages DBS Remit Disadvantages
  • Wise has no PayPal support.
  • Wise has no Neteller payments support.
  • Wise has no Skrill payment support.
  • Wise does have a mobile digital wallet like some others.
  • No home delivery with Wise.
  • No cash pickups with Wise.
  • No money order support with Wise.
  • No live chat support with Wise.
  • DBS Remit has no PayPal option.
  • DBS Remit has no Neteller option.
  • DBS Remit has no Skrill option.
  • No digital wallets with DBS Remit.
  • No DBS Remit home delivery.
  • No DBS Remit Cash pickups.
  • No DBS Remit money order option.
  • No DBS Remit Livechat.
  • No DBS Remit telephone customer support.
  • DBS Remit has limited email customer support.

Wise vs DBS Remit Fees and Other Costs

Fee type Wise Fees DBS Remit Fees
Transfer Fees 0.5%-1% S$35
Min Transfer US$1.00 S$500
Max Transfer US$1,000,000 (varies based on currency) S$200,000
Payment Methods Bank transfer, debit card, credit card, SOFORT transfer Bank deposit
Currencies AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW USD, GBP, AUD, EUR, SGD, CAD, HKD

Wise vs DBS Remit Restricted Countries

Wise Country Restrictions

North Korea

DBS Remit Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Wise vs DBS Remit Transfer Speeds

Transfer Speed Wise DBS Remit
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Wise vs DBS Remit Languages

Wise Supported Languages

English, French, German, Hungarian, Japanese, Polish, Portugese, Romanian, Russian, Spanish, Turkish

DBS Remit Supported Languages

English

Wise vs DBS Remit Verdict - Which is better?

Which is best out of Wise and DBS Remit depends on your needs.

  • Wise vs DBS Remit Transfer Fees: Transferring money with Wise costs 0.5%-1% while DBS Remit charges S$35.
  • Wise vs DBS Remit Supported Currencies: Wise deals in over 1, where as DBS Remit offers transactions in 1.
  • Wise vs DBS Remit Payment Methods: Wise accepts Bank transfer, debit card, credit card, SOFORT transfer, while DBS Remit allows transactions via Bank deposit.
  • Wise vs DBS Remit Transfer Limits: Wise allows transfers between US$1.00 and US$1,000,000 (varies based on currency). DBS Remit's range is S$500 to S$200,000.
  • Wise vs DBS Remit Minimum Age for Account Creation: Wise requires users to be at least 18 years old, where as DBS Remit has a minimum age requirement of 18.
  • Contact Number: You can reach Wise at 44 20 7033 0296 and DBS Remit at .
  • Wise vs DBS Remit Countries of Operation: Wise operates in over 1 countries but has restrictions in over 1 countries. DBS Remit serves 1 countries and restricts operations in 1 countries.
  • Wise vs DBS Remit Client Base: Wise is used by 11,000,000, where as DBS Remit serves 2,400,000.
  • Wise vs DBS Remit Year Founded: Wise was established in 2011 and DBS Remit began its operations in 1968.
  • Wise vs DBS Remit Customer Rating: Wise holds a rating of 4, in contrast, DBS Remit has a rating of 3.
  • Wise vs DBS Remit Headquarters: Wise has its headquarters at London, UK, while DBS Remit is based at Singapore.
  • Wise vs DBS Remit Employee Count: Wise employs 2,243 individuals, where as DBS Remit has a team of .
  • Wise vs DBS Remit Estimated Annual Turnover: Wise turnover stands at 27000000, while DBS Remit boasts a turnover of 1260000000.
  • Wise vs DBS Remit Founder: Wise was founded by Venkatesh Saha, holding the position of CEO. On the other hand, DBS Remit was the brainchild of , currently holding the position of .
  • Wise vs DBS Remit Supported Languages: Wise offers support in over 1 languages. DBS Remit communicates in 1.

We list reviews for the best Wise vs DBS Remit related money services below.

Wise vs DBS Remit Alternatives Guides

If you would like to see some of the best Wise vs DBS Remit related services compared against their best Wise vs DBS Remit alternatives available right now. Learn more about Wise vs DBS Remit alternatives by clicking on the links below.



Screenshots

Wise Screenshot

Wise Screenshot

DBS Remit Screenshot

Wise Screenshot