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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?

  • Receive payments from a wide range of currencies through our extensive network of correspondent banks and overseas Branches
  • Benefit from our preferential pricing and 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
  • Ensure your banking needs are met with our dedicated team of Relationship Managers

FAQs

How quickly will I receive incoming payments?

As long as we receive payment instructions before the cut-off time, and confirm that the funds have reached our Nostro account, you will receive the funds on the same day. However, for currencies that are less commonly traded, the telegraphic transfers may take a few working days. Other factors that may impact when you receive the funds include 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
  • Bank Name: DBS Bank Ltd., Mumbai Branch
  • DBS SWIFT Bank Identifier Code (BIC): DBSSINBB
Who are DBS Agent Banks?

We use different agent banks depending on the currency.

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’ll send you an email or SMS alert via IDEAL™ eReports when the funds have been credited to your account. Alternatively, you can check your transaction history online to see if the money has been credited.

Awards

Awards we have won recently
Best Asian International Transaction Bank

Best Asian International Transaction Bank

2013
Best Global Cash Management Bank in Asia Pacific

Best Global Cash Management Bank in Asia Pacific

2012
Best Global Cash Management Services in Asia Pacific

Best Global Cash Management Services in Asia Pacific

2012
Rising Star Transaction Bank 2013

Rising Star Transaction Bank 2013

2013
View All

 

How do I get more information?

Please call any of our Branches if you need more information and we will arrange for a Relationship Manager to assist you.

Get In Touch

DBS BusinessCare: 1800 419 9500

Get In Touch

DBS BusinessCare: 1800 419 9500

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