OCBC Network Transfer is a cross-border telegraphic transfer service within the OCBC Group that allows businesses to send overseas payments to eligible OCBC beneficiaries. Businesses can transfer funds in selected foreign currencies, enjoy full-amount transfers for eligible destinations and benefit from preferential transfer fees through OCBC’s business banking network.
NETWORK TRANSFER
Enjoy a preferential fee when you make overseas transfers to OCBC beneficiaries
No complications, just convenience. Easily send money to beneficiaries abroad using our new Network Transfer service.
about network transfer
What is OCBC Network Transfer?
Network Transfer is a cross-border telegraphic transfer service within OCBC Group that enables you to perform telegraphic transfers to an OCBC beneficiary in the full amount and in 6 different currencies at a preferential price.
BENEFITS
Certainty of full value transfers
Your payment will be remitted in full amount in their local currency.
Your payment will be remitted in full amount in their local currency.
Preferential flat fee
You only need to pay a flat fee per transaction. No cable charges.
You only need to pay a flat fee per transaction. No cable charges.
Fast and reliable
Make cross-border telegraphic transfers anytime, anywhere and have them sent within the same day. Subject to the currency cut-off time.
Make cross-border telegraphic transfers anytime, anywhere and have them sent within the same day. Subject to the currency cut-off time.
CURRENCIES OFFERED
The Network Transfer service is currently available in the following currencies.
- Currency
- Swift code
- Currency
| Beneficiary Entity | Swift Code | Currency | Remitter |
|---|---|---|---|
| OCBC, Singapore | OCBCSGSG | SGD | OCBC MY OCBCMYKL OCBC Al-Amin OABBMYKL |
| OCBC, China (Wing Hang) | OCBCCNSH | CNY, CNH | |
| OCBC, Hong Kong | OCBCHKHH | HKD | |
| Wing Hang, Hong Kong | WIHBHKHH | HKD | |
| OCBC, NISP | NISPIDJA | IDR | |
| OCBC, Thailand | OCBCTHBK | THB | |
| OCBC, London | OCBCGB2L | GBP |
TRANSACTION DETAILS OF NETWORK TRANSFERS
- Pricing
- Speed
- Payment value
| Factors | Network transfers |
| Pricing |
|
| Speed | Same-day transfers, subject to Cut-Off Time. Click here to learn about the Cut-Off Time. |
| Payment value | Payment will be remitted in full. |
| Factors |
| Pricing |
| Speed |
| Payment value |
HOW TO GET STARTED
BEFORE YOU APPLY
Eligibility requirements
Available to all OCBC Velocity users, OCBC Malaysia Business Mobile app users, Host-to-Host (H2H) and Application Programming Interface (API) channels.
Currency and Beneficiary Entities are in accordance to the table above: CURRENCIES OFFERED
FAQs
Common questions about Network Transfer
What is OCBC Network Transfer?
How can businesses use OCBC Network Transfer?
Businesses can access OCBC Network Transfer through OCBC Velocity to perform overseas bank transfers and telegraphic transfers online. The service enables secure international money transfers in selected currencies, with preferential pricing and full-amount transfer options for eligible destinations.
Which currencies are supported for overseas bank transfers?
OCBC Network Transfer supports overseas bank transfers in SGD, USD, CNY, CNH, HKD, KRW, IDR and THB. Businesses can send funds to eligible OCBC beneficiaries overseas in the full transfer amount for eligible destinations while enjoying preferential transfer fees.
Are there fees for overseas bank transfers?
Yes, OCBC Network Transfer offers preferential flat fees for eligible overseas bank transfers within the OCBC Group. Businesses may also enjoy transfers with no cable charges for selected destinations, helping to reduce the cost of cross-border business payments.
Why should businesses use OCBC Network Transfer for overseas payments?
OCBC Network Transfer helps businesses make fast, secure and reliable overseas payments through OCBC Velocity. Businesses can benefit from same-day processing for selected destinations, transparent transfer fees, and full-amount transfers for eligible beneficiaries.