DBS/POSB iBanking's Interbank Fund Transfer only allows 12 characters for our Initials. Thus it's not enough to input both our name and User ID. For those using DBS/POSB, I suggest to input User ID only.
In addition, we are also required to input the following information when adding "Funds Transfer: New Other Bank Payee": Payee Bank Code : 7375 (UOB) Payee Branch Code : 031 (Siglap Branch 1)
Do also note the following clause for Fund Transfer from DBS/POSB to UOB: Funds will generally be available to the payee 2 working days later if you submit the instruction before 8pm on a working day. Please note that immediate fund transfers to other banks effected on the weekend and public holidays will generally take 3 working days. For the purpose of this matter, a "working day" will mean Monday to Friday, excluding public holidays.