Incoming Funds

Telegraphic Transfers

Receive international payments in a wide range of currencies

Receive international payments quickly and conveniently with DBS incoming Telegraphic Transfers. Through this service, you can receive payments in a wide range of currencies from all over the world.

 

Why choose DBS Telegraphic Transfers?

  • Access your funds quickly. Telegraphic transfers are the fastest way to receive money from overseas
  • Receive payments in all major and most exotic currencies from all over the world through our extensive network of correspondent banks and overseas branches
  • Benefit from our competitive exchange rates
  • Stay informed with IDEAL™ eReports, our instant SMS and email alerts that notify you when the funds have reached your account

FAQs

How quickly will I receive incoming payments?

As long as we receive payment instructions before the cut-off time, you will receive the funds on the same day. However, please note some exotic currencies take longer.

What information will my remitting party require to pay me via Telegraphic Transfer?

Your remitting party will require the following information:

  • Beneficiary name: Your company name as registered with DBS
  • Beneficiary's account number: The number of the account in which you would like to receive the funds
  • Bank Name: DBS Bank Ltd Singapore
  • DBS SWIFT Bank Identifier Code (BIC): DBSSSGSG
Who are DBS Agent Banks?

We use different agent banks depending on the currency. Below is a list of our agent banks:

 

No.

CCY

Agent Bank Name

SWIFT BIC Code

1.

AED

National Bank of Abu Dhabi, Abu Dhabi

NBADAEAA

2.

AUDCommonwealth Bank of Australia, SydneyCTBAAU2S

3.

BNDStandard Chartered Bank, BruneiSCBLBNBB

4.

CADRoyal Bank of Canada, TorontoROYCCAT2

5.

CHFUBS AG, ZurichUBSWCHZH80A

6.

CNHIndustrial and Commercial Bank of China, SingaporeICBKSGSGCLR

7.

DKKNordea Bank Danmark A/S, CopenhagenNDEADKKK

8.

EURBarclays Bank PLC, LondonBARCGB22

9.

GBPRoyal Bank of Scotland, LondonRBOSGB2L

10.

HKDDBS Bank (HK) LtdDHBKHKHH

11.

IDRPT Bank DBS IndonesiaDBSBIDJA

12.

JPYThe Sumitomo Mitsui Banking Corporation, TokyoSMBCJPJT

13.

NZDASB Bank Ltd., AucklandASBBNZ2A

14.

NOKDen Norske Bank, OsloDNBANOKK

15.

SEKNordea Bank Sweden AB (PUBL), StockholmNDEASESS

16.

THBThai Military Bank PCL, BangkokTMBKTHBK

17.

USDThe Bank of New York Mellon, New YorkIRVTUS3N

18.

ZARStandard Bank of South Africa Ltd., JohannesburgSBZAZAJJ

 

The remitting party has requested for my International Bank Account Number (IBAN) number. What is this?

You are not required to provide an IBAN number for payment to your DBS account, as this is generally needed only for payments to Europe. Simply provide the information specified above.

How do I know my account has been credited?

We’ll send you an email or SMS alert via IDEAL™ eReports when the funds have reached your account. Alternatively, you can check your transaction history online to see if the money has been credited.

 

How do I apply?

Submit your application through IDEAL™, our online banking platform, for faster processing and an extended cut-off time. Alternatively, you may submit your applications via fax (if you enjoy fax indemnity arrangement) or at any of our branches.

Not a DBS SME Banking customer? Enjoy IDEALTM set-up and monthly fee waivers* by starting your DBS Business Account application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
*Terms & Conditions apply

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"DBS has came up with very innovative packages so innovativeness is definitely one of the traits that we appreciate."
Mr Jonathon Juay
Mr Jonathon JuayDirector

Transition Systems Pte Ltd

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