Telegraphic Transfer

Make international transfers in a wide range of currencies quickly

Make international fund transfers quickly and conveniently with DBS outward Telegraphic Transfer. Through this service, you can transfer money in a wide range of currencies all over the world. Your beneficiaries receive funds between one to four working days, depending on the currency, destination and the agent and beneficiary banks.


Why choose DBS Telegraphic Transfer?

  • Ensure your beneficiaries receive funds quickly with our advanced and intelligent system that optimises payment routing to speed up the process
  • Send money in more than 10 different currencies all over the world through our extensive network of correspondent banks and overseas branches
  • Benefit from our competitive exchange rates
  • Stay informed via IDEAL™ eReports; these email alerts notify you and/or your beneficiary when your payment has been processed


What information is required to send an Outward Telegraphic Transfer (OTT)?

To ensure that your application is processed efficiently, please provide the following information: 

  • Your name, address and debit bank account number
  • Payment currency and amount
  • Beneficiary name
  • Beneficiary account number or IBAN for payments to Europe and the UAE
  • Beneficiary bank’s SWIFT code (BIC code)
  • Beneficiary bank's name and address
  • Details of the intermediary bank, if any
How quickly will my payment instructions be processed?

Payment instructions received before the cut-off time will be processed on the same day and sent to the beneficiary bank. Please note the beneficiary bank will need to process the payment received and the time they receive your payment may vary in different countries.

When will my beneficiary receive payment?

Generally, the beneficiary should receive the funds within one to four working days. However, this may vary depending on the country or the bank to which you are sending the money to.

Can DBS check whether the beneficiary has received the funds?

Yes, we can send an enquiry to the overseas bank to check whether the payment has been made. However, there is a fee charged for this.

I need the beneficiary to receive the full amount I send. How do I ensure this happens?

Simply select “We pay all bank charges/agent charges: Ourselves” during the application in order to ensure all processing fees are charged to your account. However, in some cases a payment may not be credited in full as the beneficiary bank may still levy a charge or fee for receiving the funds.


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.



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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.


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Best SME Bank of the Year, China 2015

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