Faster telegraphic transfers within the DBS network.
DBS PriorityPay is a value added service enabling our customers to effect faster and cheaper telegraphic transfers within the DBS Regional network. It also provides an alert to the payor once his beneficiary's account has been credited.
Key features include:
* Subject to regulations in the beneficiary country.
All telegraphic transfers between the following branches will be considered as a PriorityPay.
The following payment currencies will be supported under DBS PriorityPay.
US dollar, Euro, Great Britain Pound, Canadian Dollar, Swiss Franc, Australian Dollar, New Zealand Dollar, Japanese Yen, Singapore Dollar, Hong Kong Dollar.
Telegraphic transfers initiated via IDEAL will automatically be transformed into PriorityPay if the beneficiary account is within the DBS network i.e. with one of the overseas DBS Branch mentioned below.
During a Telegraphic transfer initiation on IDEAL, an indicator (along with a link pointing to this page) will be displayed whenever a customer keys in a beneficiary who has an account with one of the overseas DBS branches mentioned below.
There is no special setup required for effecting payments.
To receive the credit confirmation, customers will need to do a one time sign up for the eAlert.
Customers can sign up for the credit confirmation via IDEAL under the following :
IDEAL Dashboard -> Preferences -> Alerts/Reminders