Collections

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 NameSWIFT BIC

DBS BANK (CHINA) LIMITED, SHANGHAI

DBSSCNSH

DBS BANK (CHINA) LIMITED, BEIJING

DBSSCNSHBJG

DBS BANK (CHINA) LIMITED, DONGGUAN

DBSSCNSHDGN

DBS BANK (CHINA) LIMITED, GUANGZHOU

DBSSCNSHGZU

DBS BANK (CHINA) LIMITED, NANNING

DBSSCNSHNNG

DBS BANK (CHINA) LIMITED, SUZHOU

DBSSCNSHSUU

DBS BANK (CHINA) LIMITED, SHENZHEN

DBSSCNSHSZN

DBS BANK (CHINA) LIMITED, TIANJIN

DBSSCNSHTJN

DBS BANK (CHINA) LIMITED, HANGZHOU

DBSSCNSHHZU

DBS BANK (CHINA) LIMITED, CHONGQING

DBSSCNSHCQU

Who are DBS Agent Banks?

We use different agent banks depending on the currency.

Below is a list of our agent banks:

CCYAgent Bank NameSWIFT BIC Code

AUD

Australia and New Zealand Banking Group Ltd, Melbourne

ANZBAU3M

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

The Bank of New York Mellon, New York

IRVTUS3N

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.

Awards
Best SME Bank of the Year, China 2015

Best SME Bank of the Year, China 2015

View All