Every business works the same way. The faster you get paid, the better your cash flow. By automating the
processing of incoming funds seamlessly with DBS Bank's inward remittance services, you'll receive your local
or international payments in a timely and prompt manner. You can also check if you've received the payment via
Inward Telegraphic Transfer
Inward Telegraphic Transfer is the receipt of incoming funds by SWIFT/Telex from an overseas party.
The fastest means of receiving funds from overseas.
Inward MEPS (MAS Electronic Payment System) is the receipt of incoming funds by MEPS in SGD.
Used for high value transfer and is the fastest way of transferring SGD in Singapore.
Clean Bills for Collection/Purchase
Clean Bills for Collection are SGD and Foreign Currency demand drafts/cheques drawn from an overseas
bank and deposited by customers to be sent for clearance by the Bank. These demand drafts/cheques
are forwarded to our overseas agents for collection.
Clean Bills for Purchase refers to crediting of these proceeds in advance into customers' accounts,
prior to the receipt of these proceeds. This is strictly on a pre-approved basis.
Important Information for Inward Remittances
In order to receive payments into your DBS account, kindly provide the following to your remitting party:
||Your Company Name as registered with DBS
|Beneficiary Account Number
||Your account number where you want to receive the funds
|DBS SWIFT BIC Code
To facilitate receiving foreign currency payments into your account, here's our list of agent banks for the respective currencies:
||Agent Bank Name
||SWIFT BIC Code
||National Bank of Abu Dhabi, Abu Dhabi
||Australia and New Zealand Banking Group Ltd, Melbourne
||Standard Chartered Bank, Brunei
||Royal Bank of Canada, Toronto
||UBS AG, Zurich
||Bank of China, Hong Kong
||Nordea Bank Danmark A/S, Copenhagen
||Barclays Bank PLC, London
||Royal Bank of Scotland, London
||DBS Hong Kong Ltd
||PT Bank DBS Indonesia
||DBS Bank Ltd., Mumbai Branch
||The Sumitomo Mitsui Banking Corporation, Tokyo
||Standard Chartered Bank, Colombo
||ASB Bank Ltd., Auckland
||Den Norske Bank, Oslo
||Standard Chartered Bank, Manila
||Saudi British Bank, Riyadh
||Nordea Bank Sweden AB (PUBL), Stockholm
||Thai Military Bank PCL, Bangkok
||The Bank of New York Mellon, New York
||Standard Bank of South Africa Ltd., Johannesburg
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