Payments

Foreign Currency Remittance

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?

  • Save time and ensure prompt transactions through IDEAL™, our online banking platform. You may also transact at any of our branches or through phone/fax banking
  • Expect fast and efficient payments made to any beneficiary accounts held at DBS Bank (China) Limited
  • Ensure your banking needs are met with our dedicated team of Relationship Managers and customer service staff
  • Plan ahead and save time by giving us your transaction dates in advance. This will help prevent any missed payments

FAQs

Do I need to have a DBS Bank (Taiwan) Ltd Business Account to use 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.

What is the cut-off time for your China Express Service using IDEAL™?

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.

What is the maximum transfer amount allowed?

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.

What are the set-up fees and transaction fees?

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.

Where can I get more information?

Please call us at 0800-808-889 (or +886-2-6612-9889, if you are overseas) and we will arrange for a Relationship Manager to assist you.

 

How do I apply?

For outward remittances, please download the remittance application form. For fund transfers within DBS Bank (Taiwan) Ltd accounts, please download the fund transfer application form. The forms can be submitted at any of our Branches.

Get In Touch

DBS BusinessCare: 0800 808 889

Get In Touch

DBS BusinessCare: 0800 808 889