remittances

Remittances

Make domestic and international money transfers efficiently anywhere in the world

Remittances

Make domestic and international money transfers efficiently anywhere in the world

At a Glance

Send your money in multiple currencies domestically and across the world from DBS Business Account via Telegraphic Transfers (TT) and Clearing House Automated Transfer System (CHATS).

Telegraphic Transfers (TT)
For cross-border remittances in a wide range of currencies
currencies

Various Currencies

Make remittances and transfer money in 16 major currencies and 23 exotic currencies of your choice

Track your money easily

DBS is the first bank to offer end-to-end payment tracking for telegraphic transfers in Hong Kong, using Swift GPI.

Clearing House Automated Transfer System (CHATS)
Local transfers for USD, EUR, RMB and HKD

Same-day local settlement

Enjoy quicker turnaround for payments in USD, EUR, RMB and HKD – not affected by overseas holidays or time-zone differences 

Send money to any RTGS-participating banks

Make CHATS transactions across all participants in the Real Time Gross Settlement (RTGS) system within Hong Kong, in all available currencies (USD, EUR, RMB and HKD) 

Save up to HK$245 for each CHATS and up to HK$185 for each TT payment made via DBS IDEAL!
Start saving on branch handling fees today. Refer to the Bank Charges Schedule (Corporate Customers) (section 4 – Remittances) for details.

Tip: Our system will automatically redirect your relevant HK local payments via CHATS for your transactions!

How to Apply

Arrange for a call with our Relationship Managers to learn more about DBS remittance services for SMEs in Hong Kong.

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.

Download PDF
Payment eForm*
Payment eForm User/Currency Guide
Remittance Enquiry/Amendment Form
Inward Payment Guide
Mis-transferred Fund Recall Request form

Note:
*MMK is not available currently

FAQs
What is the cut-off time* for non-RMB Clearing House Automated Transfer System (CHATS) and telegraphic transfers (TT)?

 

For remittance instructions submitted over IDEAL:
For outward remittances:
CHATS
HKD, USD & EUR
5:30pm

TT
HKD, USD, GBP, EUR
other currencies (except RMB)

5:30pm
5:00pm**


Remittance payment instructions submitted via other channels will be cut-off at 3:30pm (except RMB)

For inward remittances:
CHATS
HKD, USD, EUR & CNY
6:30pm

TT:
CAD, CNY, EUR, GBP, HKD, PHP, SGD**, THB & USD
NOK, SEK, CHR & DKK
JPY

5:00pm***
4:00pm
10:00am

 

Note:

*Monday to Friday, except on Public Holidays
**TT for SGD to non-DBS Singapore accounts cut-off at 4:00pm
***Inward remittance instructions submitted after the cut-off time will be processed on the next working day. PHP and THB requests will be processed in the second working day following submission.
For exotic currencies cutoff time, please refer to our DBS Remittance Currency Guide.
Can HKD, USD and EUR be paid or transferred via CHATS on Saturdays?

No, there is no CHATS service on Saturdays since the official five days clearing system was implemented in Hong Kong.
Can USD and EUR be paid via CHATS on a National Holiday in USA and Europe while Hong Kong is a working day?

Yes, USD and EUR can be paid via CHATS in such a case. 
For remittance instructions submitted over IDEAL, what is the cut-off time* for RMB CHATS and RMB TT transactions?

 

For outward remittances:

RMB CHATS (without FX) 5:30pm
RMB CHATS (with FX) 4:00pm
RMB TT 4:00pm

 

For inward remittances:

RMB CHATS  6:30pm
RMB TT 5:00pm**

 

Note:

*Monday to Friday except on Public Holidays
**Inward remittance instructions submitted after the cut-off time will be processed on the next working day
For remittance instructions submitted via DBS branch, what is the cut-off time* for RMB CHATS and RMB TT transactions?
RMB CHATS (without FX) 3:30pm
RMB CHATS (with FX) 2:00pm
RMB TT 2:00pm


Applications submitted after the cut-off time will be processed on the next working day.

Note:

*Monday to Friday except on Public Holidays
How do I make international money transfer into my DBS Business Account?

Please refer to the Inward Payment Guide.
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