- Banking
- Wealth
- Privileges
- NRI Banking
- Treasures Private Client
through Wire Transfers
At a Glance
The United Kingdom, with its picturesque landscapes and high standards of living, has become home to a large community of Indian immigrants. As an NRI, you need a safe way of conducting international money transfers from UK to fulfil financial obligations. Whether you need to support loved ones or operate a business, you can count on the wire transfer services offered at DBS. Opt for the DBS bank wire transfer and send funds in a secure and timely fashion!
Wire Transfer from UK to India with DBS
Travelling abroad for education and employment has now become the norm. The United Kingdom is one of the preferred countries people choose to get ahead in life, thanks to the glorious higher-education institutions and MNCs with an international presence. Non-Resident Indians form a significant part of the UK population, with many of them residing in popular neighbourhoods like Wembley, Birmingham, and South Hall in England
As an NRI in the UK, you may wish to send money from abroad for business or personal reasons. At DBS, you can find hassle-free international money transfer services to send funds from overseas seamlessly. Leverage the inward remittance services by DBS to wire transfer money in 19 currencies to India or wire transfer money from UK through the DBS India Remit facility. Enjoy secure and speedy remittance of funds with the international wire transfer facilities offered at DBS!
Features and Benefits of the DBS Bank Wire Transfer from UK
- Enjoy preferential exchange rates when conversion to INR occurs at the time of credit.
- Apart from FX conversion fees, DBS does not levy additional service charges for credits into an NRE Account from abroad.
- You can rely on speedy transfers to an NRE Account, with the beneficiary receiving funds within 24 hours* of DBS receiving instructions.
- DBS ensures secure international fund transfers via SWIFT and IFSC codes.
- Receive SMS alerts and e-mail notifications upon successful wire transfers into beneficiary accounts.
How to Conduct a Wire Transfer Online from UK with DBS
You can wire transfer money from UK by following the steps listed below:
- Instruct your local bank in the United Kingdom to send funds to the local DBS Treasures account
- Provide the bank account details of the beneficiary, including their name, account number, and IFSC code.
- Fill the form to place the fund transfer request mentioning the wire transfer amount and reasons for the transfer.
- Within a span of 24-48 banking hours, the bank will begin and complete the fund transfer process. Alternatively, you can also initiate a wire transfer with the correspondent bank through the account number and SWIFT code.
- The funds will be credited into the DBS Treasures account held with the correspondent bank, which wires the money into the beneficiary account.
If you have a DBS SG Account, and you can follow the steps below to wire money online from UK through DBS India Remit:
- Use your DBS SG Debit Card and PIN to register yourself for the iBanking facilities offered by DBS SG.
- Log in to your account by setting up a username and password.
- Add details of the beneficiary, including their name, bank account number, and the ISFC Code of the bank. Initiate the fund transfer once beneficiary details are added to the system.
- Log into your iBanking Account and go to the ‘Funds Transfer’ tab to transfer funds. Choose the intended beneficiary and initiate the fund transfer request.
- Ensure you submit your transfer request before 2 pm (Singapore time) for funds to reach the bank of the recipient within one working day.
Your Bank Wire Transfers from UK will be completed.
Frequently Asked Questions
Short for Society for Worldwide Interbank Financial Telecommunications, SWIFT or SWIFT Code is an 8-to-11-digit alphanumeric code used in international money transfers. The SWIFT code helps identify the country where the funds are to be transferred along with the name of the bank and the recipient bank branch. The code doubles as a banks specific address during the remittance process. As such, when you wire transfer money from UK to India, you will need to provide the SWIFT code of the Indian bank and branch.
FIRC stands for Foreign Inward Remittance Certificate. It is proof that the international inward transfers have reached the accounts to where they were originally transferred. The certificate acts as a receipt that an individual or business has received the money transferred from abroad.
Yes, bank-to-bank transfers and wire transfers are both methods to electronically transfer money from one bank account to another.
