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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 Name | SWIFT BIC |
|---|---|
DBS BANK (CHINA) LIMITED, SHANGHAI | |
DBS BANK (CHINA) LIMITED, BEIJING | |
DBS BANK (CHINA) LIMITED, DONGGUAN | |
DBS BANK (CHINA) LIMITED, GUANGZHOU | |
DBS BANK (CHINA) LIMITED, NANNING | |
DBS BANK (CHINA) LIMITED, SUZHOU | |
DBS BANK (CHINA) LIMITED, SHENZHEN | |
DBS BANK (CHINA) LIMITED, TIANJIN | |
DBS BANK (CHINA) LIMITED, HANGZHOU | |
DBS BANK (CHINA) LIMITED, CHONGQING | |
DBS BANK (CHINA) LIMITED, QINGDAO | |
DBS BANK (CHINA) LIMITED, XI'AN | |
DBS BANK (CHINA) LIMITED, SHANGHAI FTZ SUB BRANCH |
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 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 will 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.
Get in Touch
DBS BusinessCare: 400 821 8881
