Transfer your foreign currency funds easily
Strengthen your relationships with suppliers and facilitate global trade with DBS Bank (Taiwan) Ltd Foreign Currency Remittance. Through this facility, we help you to transfer funds efficiently to beneficiary banks anywhere in the world in your preferred currency that is within our supply of foreign currencies.
Why choose DBS Bank (Taiwan) Ltd Foreign Currency Remittance?
Yes, you will need to have a Business Account with us in order to use this facility. If you do not have a Business Account with us, please call us at 0800-808-889 (or +886-2-6612-9889 if you are overseas) and we’ll arrange for a relationship manager to assist you. You may visit our Business Account page for more information.
If your beneficiary is located in China, we recommend China Express Service via IDEAL™. The cut-off time is 3.30pm for USD remittance from Mondays to Fridays, except on Public Holidays. You will need to complete the USD Outward Telegraphic Transfer (OTT) form via IDEAL™ and submit your request by the cut-off time to ensure the funds are credited to the accounts held at our nine designated branches in China, i.e. DBS Bank (China) Limited. Applications submitted after the cut-off time will be processed on the next working day.
There is no fixed transfer amount for Foreign Currency Remittance. However, each transaction will need to comply with the laws and regulations of Taiwan and other applicable jurisdictions on foreign exchange matters with the Foreign Exchange Receipts and Disbursements. Other documents may also be required as requested by the relevant government authorities.
Total transaction fees for OTT and RTGS are:
Foreign Currency Outward Telegraphic Transfer: 0.05% of the transfer amount (subject to a minimum fee of TWD 100 and a maximum of TWD 800), plus the telegraphic transfer fee of TWD 300 or USD 10.
RTGS: 0.05% of USD remittance amount plus TWD 600 or USD 20 per transaction.
Please call us at 02 6606 0302 and we will arrange for a Relationship Manager to assist you.