telegraphic-transfer

Telegraphic Transfers

Receive international payments quickly

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.
money

Quick access

Fastest way to receive money from overseas

 network

Extensive network

Receive payment in any currency from our vast network

instant

Stay informed

Instant SMS and email alerts when the funds reach your account

Features & Benefits
fund

Access your funds quickly

Telegraphic transfers are the fastest way to receive money from overseas

payment

Payments in all major currencies

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

rates

Competitive exchange rates

Enjoy preferential rates

eReports

Stay informed with IDEAL eReports

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

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.

Not a DBS SME Banking customer?

Apply now. Enjoy free DBS IDEAL set-up and fee waivers. Terms & Conditions apply.

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
  • Payment currency and amount
  • Branch Name and DBS SWIFT Bank Identifier Code (BIC): Please refer to the list below
  Branch Name SWIFT BIC
1

DBS BANK (CHINA) LIMITED, SHANGHAI

DBSSCNSH
2 DBS BANK (CHINA) LIMITED, BEIJING DBSSCNSHBJG
3 DBS BANK (CHINA) LIMITED, DONGGUAN DBSSCNSHDGN
4 DBS BANK (CHINA) LIMITED, GUANGZHOU DBSSCNSHGZU
5 DBS BANK (CHINA) LIMITED, NANNING DBSSCNSHNNG
6 DBS BANK (CHINA) LIMITED, SUZHOU DBSSCNSHSUU
7 DBS BANK (CHINA) LIMITED, SHENZHEN DBSSCNSHSZN
8 DBS BANK (CHINA) LIMITED, TIANJIN DBSSCNSHTJN
9 DBS BANK (CHINA) LIMITED, HANGZHOU DBSSCNSHHZU
10 DBS BANK (CHINA) LIMITED, CHONGQING DBSSCNSHCQU
11 DBS BANK (CHINA) LIMITED, QINGDAO DBSSCNSHQDO
12 DBS BANK (CHINA) LIMITED, XI'AN DBSSCNSHSAN
13 DBS BANK (CHINA) LIMITED, SHANGHAI FTZ SUB BRANCH DBSSCNSHFTZ

 

Who are DBS agent banks?

We use different agent banks depending on the currency.

Below is a list of our agent banks:

CCY Agent Bank Name SWIFT BIC Code
AUD National Australia Bank Ltd NATAAU33
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 JPMorgan Chase Bank, N.A. CHASUS33

 

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.