telegraphic transfer to dbs bank

Telegraphic Transfers

Receive international payments quickly

At a Glance
Incoming Telegraphic Transfer lets you receive payments in a wide range of currencies from all over the world.

Quick access

Fastest way to receive money from overseas

Extensive network

Receive payment in any currency from our vast network

Stay informed

Instant SMS and email alerts when the funds reach your account

Features & Benefits

Access your funds quickly

Telegraphic transfers are the fastest way to receive money from overseas

Payments in all major currencies

From all over the world through our extensive network of correspondent banks and overseas branches

Competitive exchange rates

Enjoy preferential rates

Stay informed with IDEAL eReports

Receive instant SMS and email alerts when the funds reach your account

How it Works
How to Apply
Enjoy faster processing and extended cut-off time.

Submit your application via fax if you prefer, or visit any of our branches.

Not a DBS SME Banking customer? 

Enjoy free IDEAL access and fee waivers.

T&Cs apply

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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 details do the remitting party need to pay me?

Your remitting party will need:

  • Beneficiary’s name: Your company name as registered with DBS
  • Beneficiary's account number: The account in which you want to receive 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.

 

No.

CCY Agent Bank Name SWIFT BIC Code
1. AED National Bank of Abu Dhabi, Abu Dhabi NBADAEAA
2. AUD Commonwealth Bank of Australia, Sydney CTBAAU2S
3. BND Standard Chartered Bank, Brunei SCBLBNBB
4. CAD Royal Bank of Canada, Toronto ROYCCAT2
5. CHF UBS AG, Zurich UBSWCHZH80A
6. CNH DBS Bank (China) Limited, Shanghai DBSSCNSHXXX
7. DKK Nordea Bank Danmark A/S, Copenhagen NDEADKKK
8. EUR Barclays Bank Ireland Frankfurt BARCDEFF
9. GBP Royal Bank of Scotland, London RBOSGB2L
10. HKD DBS Bank (HK) Ltd DHBKHKHH
11. IDR PT Bank DBS Indonesia DBSBIDJA
12. JPY The Sumitomo Mitsui Banking Corporation, Tokyo SMBCJPJT
13. NZD ASB Bank Ltd., Auckland ASBBNZ2A
14. NOK Den Norske Bank, Oslo DNBANOKK
15. SEK Nordea Bank Sweden AB (PUBL), Stockholm NDEASESS
16. THB Thai Military Bank PCL, Bangkok TMBKTHBK
17. USD JPMorgan Chase Bank, N.A. CHASUS33
18. ZAR Standard Bank of South Africa Ltd., Johannesburg SBZAZAJJ

 

The remitting party wants my International Bank Account Number (IBAN). What is it?

You do not need an IBAN number for payment to a DBS account. It is only needed for payments to Europe.

How do I know my account has been credited?

You will receive an email or SMS alert via IDEAL eReports when the funds reach your account. You can also check your online transaction history to see if the money has been credited.

Client Testimonial

"DBS has come up with very innovative packages so innovativeness is definitely one of the traits that we appreciate."

Jonathon Juay, Director, Transition Systems Pte Ltd

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