Inward Telegraphic Transfer

Charges for inward telegraphic transfer

To SGD / FCY accounts To time deposit account
S$10 Free

Check receipt of funds

Call our Business Banking Commercial Service Centre at (65) 6538 1111. You can also enquire via Velocity@ocbc  (business internet banking)  or through eAlerts@ocbc (SMS / email alert service).

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.

Rate used to convert incoming funds

Buying TT rate will be used.

Advices for inward telegraphic transfers

A computer-generated advice with transaction details will be sent to you via mail on the next business day.

Payment instructions needed for telegraphic transfers

For remittance in US Dollars to OCBC Bank Singapore in favour of your account with us, kindly advise your remitter or remitting bank to pay as follows:

Beneficiary Bank
Oversea-Chinese Banking Corporation Limited

Intermediary Bank
JP Morgan Chase Bank, New York
New York, USA

(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 or test telex by 4pm Singapore time(for crediting into foreign currency account) and 4.30pm Singapore time (for crediting into Singapore dollar account).