Payments

DBS PriorityPay

Faster telegraphic transfers within the DBS network.

DBS PriorityPay is a value added service enabling our customers to effect faster and cheaper telegraphic transfers within the DBS network. It also provides an alert to the payor once his beneficiary's account has been credited.

Key benefits include:

  • Speed             : Beneficiaries credited within 10 minutes for eligible currencies and corridors*.
  • Cost effective  : $0 Cable/Telex charges.
  • Transparent  : Receive an email/sms alert once the beneficiary is credited.

* Subject to regulations in the beneficiary country.

FAQ

How does a customer initiate a DBS PriorityPayment ?
Telegraphic transfers initiated by customers will automatically be transformed into PriorityPay if the beneficiary account is within the DBS network (refer to list of participating DBS branches).
Which are the participating DBS branches for PriorityPay?

All telegraphic transfers between the following branches will be considered as a PriorityPay.

  1. DBS Singapore  
  2. DBS Hong Kong 
  3. DBS China 
  4. DBS India 
  5. DBS Taiwan
  6. DBS Indonesia
  7. DBS Vietnam
  8. DBS Australia
Which are the supported currencies?
PriorityPay supports up to 10 payment currencies :
US Dollar, Euro, Great Britain Pound, Japanese Yen, Singapore Dollar, Hong Kong Dollar, Australian Dollar, Canadian Dollar1, Swiss Franc1, New Zealand Dollar2

1not available for DBS Vietnam, DBS Australia
2not available for DBS Vietnam
How do we access DBS PriorityPay on IDEAL?

Telegraphic transfers initiated via IDEAL will use PriorityPay if the beneficiary account is within the DBS network(refer to list of participating DBS branches).

During a Telegraphic transfer initiation on IDEAL, an indicator (along with a link pointing to this page) will be displayed whenever a customer keys in a beneficiary who has an account with one of the overseas DBS branches mentioned below.

Are there any additional charges for this service?
No. There are no additional charges for this service.
What do customers need to do to enjoy the benefits of DBS PriorityPay?

There is no special setup required for effecting payments.

To receive the credit confirmation, customers will need to do a one time sign up for the eAlert.

How do customers sign up for the credit confirmation alert?

Customers can sign up for the credit confirmation via IDEAL under the following :

IDEAL Dashboard -> Preferences -> Alerts/Reminders

Awards

Awards we have won recently
Star of Innovation in Payments – Global Banking Stars of China Awards

Star of Innovation in Payments – Global Banking Stars of China Awards

2019
Best Bank for Cash Management, China

Best Bank for Cash Management, China

2019
Best Service Provider – E-solutions Partner in China

Best Service Provider – E-solutions Partner in China

2019
Best Transaction Bank in Asia

Best Transaction Bank in Asia

2019
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, 2019.  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