Help & Support




Payment and transactions

FAST (Fast and Secure)
Inward Telegraphic Transfer
  • What are the charges for inward telegraphic transfer?
    • To SGD / FCY accounts To time deposit account
      S$10 Free
  • How to check if I have received an incoming fund?
    • You can enquire via Velocity@ocbc (business internet banking), Phonebanking or through eAlerts@ocbc (SMS / email alert service).
    • Otherwise, call our Business Banking Commercial Service Centre at +65 6538 1111 (Monday to Friday excluding public holidays, 8.30am to 6pm).
  • What is the cut-off time for fund crediting on the same day?
    • Action Cut-off time
      Crediting of SGD to SGD current and savings account 4.30pm
      Crediting of foreign currencies to SGD current and savings account 4pm
      Crediting of USD/ HKD/ GBP to foreign currency account 4pm
    • Other than the above currencies, telegraphic transfers in other currencies will be processed and credited to customer's account on the next business day
  • What is the exchange rate used when converting incoming funds?
    • Our in-house buying TT rate will be used to convert incoming funds. See rates here.
  • Will I receive any confirmation for my transactions?
    • We will mail you a computer-generated advice with transaction details on the next business day.
  • What instructions do I need to do telegraphic transfers?
    • To transfer US Dollars to your OCBC Bank account in Singapore, please advise your remitter or the remitting bank to pay as follows:
    • Beneficiary Bank
      Oversea-Chinese Banking Corporation Limited
      Singapore
      SWIFT Code: OCBCSGSG
    • Intermediary Bank
      JP Morgan Chase Bank, New York
      New York, USA
      SWIFT Code: CHASUS33
    • (Please note that you should advise your remitter or remitting bank to indicate the SWIFT Code, in the payment instruction)
    • Indicate the account number and account name as maintained with OCBC. For funds crediting to foreign currency accounts, please indicate the 3-digit account currency code which is part of the account number e.g. 501123456201USD
    • For same-day crediting, remitting bank must inform Oversea-Chinese Banking Corporation Limited, Singapore, to confirm payment by authenticated SWIFT by 4pm Singapore time (for crediting into foreign currency account) and 4.30pm Singapore time (for crediting into Singapore dollar account).
Outward Telegraphic Transfer
Fees and Charges