pioritypay-telegraphic-transfer

DBS PriorityPay

Faster international telegraphic transfers (TT) within the DBS network

DBS PriorityPay

Faster international telegraphic transfers (TT) within the DBS network

At a Glance
DBS PriorityPay is an online remittance service enabling our customers to make telegraphic transfers (TT) to any DBS account across our regional network instantly. You can also sign up to receive an alert once your beneficiary's account has been credited.

Speed

Beneficiaries of DBS PriorityPay inward remittance services are credited within 10 minutes for eligible currencies and corridors*.

Cost effective

$0 correspondent bank fee for international money transfers and complimentary remittance service for all DBS SME customers.

Transparent

Receive an email/SMS alert once the beneficiary is credited.

* Subject to regulations in the beneficiary market

Features & Benefits

Access information easily

Through instant end-to-end cross-border remittance payments

Increase your efficiency

Better cash management and faster turnaround time

Get payment status in real-time

Upon sending a telegraphic transfer (TT), you will know when funds have been received or if they are still being processed. Payments made from DBS accounts can be tracked with SWIFT global payments innovation (SWIFT gpi).

Input remittance details

Include up to 140 characters of information to give your beneficiary more payment details when making remittance payments.

How it Works
How to Apply

Arrange a call with our Relationship Managers to learn more about our FPS services.

Call us at 2290 8068.

New to DBS?
Apply DBS Online Account Opening for Business and enjoy the convenience of IDEAL online banking.

Already a DBS SME Banking customer?
Apply for DBS IDEAL now.

FAQs
How can I make a payment through DBS PriorityPay?

If your beneficiary has a DBS account in the region, your telegraphic transfer (TT) will be sent via DBS PriorityPay. 

Which overseas DBS branches participate in DBS PriorityPay?

Telegraphic transfers (TT) between the following branches:

  • DBS Singapore 
  • DBS Hong Kong
  • DBS China
  • DBS India
  • DBS Taiwan
  • DBS Indonesia
  • DBS Vietnam
  • DBS Australia
What are the supported currencies?

DBS PriorityPay supports up to 10 payment currencies for international money transfers:

US  Dollar, Euro, Great Britain Pound, Japanese Yen, Singapore Dollar, Hong Kong Dollar, Australian Dollar, Canadian Dollar1, Swiss Franc1, New Zealand Dollar2

1 – not available for DBS Vietnam, DBS Australia
2 – not available for DBS Vietnam

How can I access DBS PriorityPay on IDEAL?

If the beneficiary’s account is within the DBS network (refer to the list of participating DBS branches), telegraphic transfers (TT) made on IDEAL will be sent via DBS PriorityPay.

Are there any additional charges for DBS PriorityPay?

No. This is a complimentary service for our SME customers.

How do I sign up for the credit confirmation alert?

Just follow these easy steps:

  1. Go to IDEAL Dashboard
  2. Choose ‘Create and Manage Alerts’
  3. Scroll down to find ‘Credit Confirmation Alert’
  4. Click on ‘Create personalised alert’ to complete the setup