Outward Payment - Telegraphic Transfer

Outward Telegraphic Transfer

Cut-off time for outward telegraphic transfer submission

Payment type Branch submission Velocity@ocbc
RENTAS 3.00pm 3.00pm
Telegraphic Transfer
4.00pm*
5.00pm*

*Telegraphic transfer submission in “CNY”and “CNH” after 12.00pm will be processed on the next business day.

Rate used to convert outgoing funds

The Bank’s prevailing board / counter rate (Bank sell rate) will be used.

Information Required for Telegraphic Transfer Payment

Telegraphic Transfer Payment To Currency Information required
United Arab Emirates All It is mandatory to quote the IBAN in beneficiary account number

IBAN format for the UAE consists of 23 alpha-numeric characters – AEKK BBBC CCCC CCCC CCCC CCC; K=Check digit; B=National Bank Code; C=Account number; sample AE880200000012345678910

IBAN number does not contain spacing.
Europe All It is mandatory to quote the IBAN in beneficiary account number

IBAN number does not contain spacing.
Canada All Please quote full address of beneficiary in beneficiary field
The People's Republic of China CNY It is mandatory to quote 12 digits CNAPS (China National Advance Payment System) In Payment Details.

*CNY payment : Allowed only for Trade Payment (Company to Company)
Indonesia IDR In Payment Details, please quote purpose of payment
India INR In Payment Details, please quote purpose of payment
Thailand THB In Payment Details, please quote purpose of payment

Country Code

Please click here for country code listing.