Foreign Currency Remittance | Currency Remittance | DBS SME Banking Taiwan

Foreign Currency Remittance

Transfer your foreign currency funds easily

Transfer your foreign currency funds easily

At a Glance

Send your money across the world within minutes with an Outward Telegraphic Transfer (OTT).

Transfer money in a currency of your choice

Your beneficiary will receive the funds within 4 days

Transferring between DBS accounts? It’s done in 15 minutes

Features & Benefits

Funds credited within 3 hours for transfers within DBS network.

DBS is the first bank to offer end-to-end payments tracking for telegraphic transfers in Taiwan, using SWIFT gpi

How to Apply

Enjoy faster processing and extended cut-off time.

Not a DBS SME Banking customer?
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply.

FAQs

	What information do I need to send an OTT?
	To ensure that your application is processed efficiently, please provide the following: Your name, address and debit account number Payment currency and amount Beneficiary name Beneficiary's account number or IBAN for payments to Europe and the UAE Beneficiary bank’s SWIFT code (BIC code) Beneficiary bank's name and address Details of the intermediary bank, if available

	How fast will my payment be sent off?
	Send your payment instructions before the cut-off time to have it processed on the same day. The beneficiary bank will need to process the payment received and times may vary. If you transfer funds from a DBS account from Taiwan to a DBS account within DBS network, the payment will be credited within 3 hours.

	When will my beneficiary receive payment?
	The beneficiary should receive the funds within 1 to 4 days. This may vary depending on the country or bank to which you are sending money.

	Can DBS check if my beneficiary has received the payment?
	Yes, we can send an enquiry to the overseas bank to check if the payment has been made. There is a service charge for this.

	How do I ensure my beneficiary receives the full amount?
	Select “Pay in Full” during application. This will ensure all processing fees are charged to your account. Some payments may not be credited in full as the beneficiary bank may levy a charge for the receipt of funds.