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Telegraphic Transfer

Receive international payments in a wide range of currencies

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

 

Why choose DBS Telegraphic Transfer?

  • Access your funds quickly
  • Receive payments in a wide range of 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 been credited to 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 if the payment was sent via RTGS (Real Time Gross Settlement), this is only available for HKD / USD payments between Shenzhen and Hong Kong. However for some currencies, telegraphic transfers may take a few working days. This will depend on the type of currency, the country it was sent from, the time sent and the agent bank used.

What type of information will my remitting party need in order to pay me via Telegraphic Transfer?

Your remitting party will require the following information from you:

  • Beneficiary name: Your company name as registered with DBS
  • Beneficiary account number: The account number in which you would like to receive the funds
  • Payment currency and amount
  • Branch Name and DBS SWIFT Bank Identifier Code (BIC): Please refer the list below

 

Branch NameSWIFT BIC

DBS BANK (CHINA) LIMITED, SHANGHAI

DBSSCNSH

DBS BANK (CHINA) LIMITED, BEIJING

DBSSCNSHBJG

DBS BANK (CHINA) LIMITED, DONGGUAN

DBSSCNSHDGN

DBS BANK (CHINA) LIMITED, GUANGZHOU

DBSSCNSHGZU

DBS BANK (CHINA) LIMITED, NANNING

DBSSCNSHNNG

DBS BANK (CHINA) LIMITED, SUZHOU

DBSSCNSHSUU

DBS BANK (CHINA) LIMITED, SHENZHEN

DBSSCNSHSZN

DBS BANK (CHINA) LIMITED, TIANJIN

DBSSCNSHTJN

DBS BANK (CHINA) LIMITED, HANGZHOU

DBSSCNSHHZU

DBS BANK (CHINA) LIMITED, CHONGQING

DBSSCNSHCQU

Who are DBS Agent Banks?

We use different agent banks depending on the currency.

Below is a list of our agent banks:

CCYAgent Bank NameSWIFT BIC Code

AUD

Australia and New Zealand Banking Group Ltd, Melbourne

ANZBAU3M

CAD

Royal Bank of Canada, Toronto

ROYCCAT2

CHF

UBS AG, Zurich

UBSWCHZH80A

CNY

DBS Shanghai

DBSSCNSH

CNH

Bank of China Hong Kong

BKCHHKHH

EUR

Commerzbank Frankfurt

COBADEFF

GBP

Royal Bank of Scotland, London

RBOSGB2L

HKD

DBS Hong Kong Ltd

DHBKHKHH

JPY

The Sumitomo Mitsui Banking Corporation, Tokyo

SMBCJPJT

NZD

ASB Bank Ltd., Auckland

ASBBNZ2A

SGD

DBS Bank Ltd Singapore

DBSSSGSG

USD

The Bank of New York Mellon, New York

IRVTUS3N

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 payments to your DBS account, as this is usually required for payments to Europe. Simply provide the information specified above.

How do I know my account has been credited with the payment?

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.

Awards

Awards we have won recently
Best Cash Management Solution, China

Best Cash Management Solution, China

2015
Best Bank for Treasury and Cash Management (Foreign)

Best Bank for Treasury and Cash Management (Foreign)

2015
Best SME Financing/Cash (Highly Commended)

Best SME Financing/Cash (Highly Commended)

2015
Best Card Solution – Chongqing Grain Group Co

Best Card Solution – Chongqing Grain Group Co

2015
View All

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer: 

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website.  We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose.  The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

© DBS BANK LTD, 2013.  All rights reserved.  Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881