transfer

Telegraphic Transfers

Make international transfers in 11 currencies

Telegraphic Transfers

Make international transfers in 11 currencies

At a Glance

Send your money across the world within minutes with an Outward Telegraphic Transfer (OTT). 

currency

11 currencies

Transfer money in a currency of your choice 

time

1 to 4 days

Your beneficiary will receive the funds within 4 days 

time

10 minutes

Transferring between DBS accounts? It’s done in 10 minutes 

Features & Benefits
money

Enjoy the benefits of PriorityPay

Funds credited in 10 minutes for transfers within DBS network 

money

Track your money easily

DBS is the first foreign bank to offer end-to-end payments tracking for telegraphic transfers in China, using SWIFT gpi 

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you. 

FAQs
What information do I need to send an OTT?

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

  • Your name, address and debit account number 

  • Payment currency and amount 

  • Beneficiary name 

  • Beneficiary's 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 available 

How fast will my payment be sent off?

Send your payment instructions before the cut-off time to have it processed on the same day. The beneficiary bank will need to process the payment received and times may vary. 

If you transfer funds from a DBS account in China to a DBS account in Hong Kong, the payment will be credited in 10 minutes. 

When will my beneficiary receive payment?

The beneficiary should receive the funds within 1 to 4 days. This may vary depending on the country or bank to which you are sending money. 

Can DBS check if my beneficiary has received the payment?

Yes, we can send an enquiry to the overseas bank to check if the payment has been made. There is a service charge for this. 

How do I ensure my beneficiary receives the full amount?

Select “We pay all bank/agent charges: Ourselves” during application. This will ensure all processing fees are charged to your account. Some payments may not be credited in full as the beneficiary bank may levy a charge for the receipt of funds.