Payments & Transactions

Telegraphic Transfer

Check receipt of funds

For corporate customers,

  • Call our Commercial Service Centre at (65) 6538 1111
  • Enquire via Velocity
  • Enquire via eAlerts

 

For retail customers,

  • Call Customer Service Center at 1800 363 3333
  • Enquire via online banking

Cut-off time for payment processing

Please note the Inward Remittance cut-off time for crediting of accounts maintained with OCBC:

Singapore Dollar Inward Telegraphic Transfer

Crediting to SGD Current and Savings Account:

Payments received before 4.30pm will be processed and credited to customer's account within the same business day.

Foreign Currency Inward Telegraphic Transfer

Crediting to SGD Current and Savings Account:

Payments received before 4pm will be processed and credited to customer's account within the same business day.

Crediting to Foreign Currency account

Payments involving USD/HKD/GBP received before 4pm will be processed and credited to customer's account within the same business day. Payment involving all other currencies will be processed and credited to customer's account on the next business day.

Rate at which incoming funds are converted

We will use the Buying TT rate to convert your incoming funds.

Get transaction advices for Inward Remittance

Yes, we will send you a computer generated advice with the transaction details. The advice will be sent to you via normal postal service on the next working day.

Money2India Transfers via Online Banking

Learn how to make Money2India transfers via Online Banking

Maintain credit account

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
Singapore
SWIFT Code: OCBCSGSG
CHIPS UID: 010275

Intermediary Bank
JP Morgan Chase Bank, New York
New York, USA
SWIFT Code: CHASUS33
ABA Routing No.:FW021000021
CHIPS UID: CP0002

(Please note that you should advise your remitter or remitting bank to indicate the SWIFT Code, ABA Routing No. or CHIPS UID in the payment instruction)  

Indicate the account number and account name as maintained with OCBC accordingly. For funds crediting to Foreign Currency account, 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 Corporate Ltd, 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 Dollars account).

Adding new payee for overseas funds transfer

To add a new payee (beneficiary) for your overseas funds transfer (remittances), go to the main menu > Payment & transfer > select Transfer funds and follow the steps below.

1. Under “Make a transfer”, select “to a bank account overseas (including overseas OCBC accounts)”.

2. Under “Select one destination account”, select “Add account”.

3. If you know the Swift code of the beneficiary bank account, select “I know the Swift code. Let me process by entering the swift code.” and fill in the Swift code in the field below.

4. If you do not know the Swift code, select “I don’t know the Swift code. Help me search for the Beneficiary Bank I am transferring to.” and use the country selectors to select the bank you are paying to.

5. If you do not find the branch or swift code of your desired branch, you may wish to check with your beneficiary bank on the exact swift code to use as it is possible for banks to use the Swift code of the main branch for all inward remittances to their branches.

6. (Optional) Please add intermediary bank details in the same way if you have them.

7. Fill in the account details for the beneficiary bank and select “Next”.

8. Lastly, confirm the beneficiary bank details by entering your OTP and selecting “Submit”.

9. Your beneficiary account has been set up and you can proceed to remit funds to this account.

 

To start transferring funds overseas, go to the main menu > Payment & transfers > Transfer funds and follow the steps below.

1. Under “Make a transfer”, select “to a bank account overseas (including overseas OCBC accounts)”.

2. Under “Select one destination account”, select the respective destination account(s) you wish to transfer funds to.

3. Select the account you wish you transfer the funds from.

4. Select respective currency which you wish to transfer funds in and fill in the respective amount you wish to transfer.

5. Lastly, select the respective option in which you decide who pays for the charges.

Change in HSBC Bank details