Help And Support
Payments - Outward Telegraphic Transfer
Frequently asked questions
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Cut-off time for outward telegraphic transfer submission
Payment type Branch submission OCBC Velocity RENTAS 3:00pm 3:00pm Telegraphic Transfer 4:00pm* 5:00pm* *Some currencies may have earlier cut-off times. For details, please refer to the OCBC Velocity Telegraphic Transfer payment page.
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Rate used to convert outgoing funds
The Bank's prevailing board / counter rate (Bank sell rate) will be used.
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Information required for Telegraphic Transfer Payment
Telegraphic Transfer
payment toCurrency Information required United Arab Emirates All You must quote the IBAN for the beneficiary account number.
The 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 IBAN: AE880200000012345678910
Note: The IBAN does not contain character spacing.Europe All You must quote the IBAN for the beneficiary account number.
Note: The IBAN number does not contain character spacing.Canada All Please quote the beneficiary's full address in the beneficiary field. The People's Republic of China CNY CNAPS not required. Please quote the beneficiary's bank swift code.
*CNY payment: Allowed only for Company to Company. Payment to individual is not allowed.Indonesia IDR In Payment Details, please quote the purpose of payment.
*IDR payment: Not allowed to 3rd countryIndia INR It is mandatory to quote the beneficiary name and full address. In Payment Details, please quote a complete and meaningful purpose of payment regardless of amount. Omission of this information may cause delay in effecting payment to beneficiary account or results in return of funds.
*INR payment: Not allowed to 3rd countryThailand THB In Payment Details, please quote the purpose of payment. Korea KRW A) If Beneficiary is an Individual. It is mandatory to quote: - In Payment Details - please quote purpose of payment and invoice number.
- In Information to Beneficiary Bank - please quote beneficiary passport number, beneficiary date of birth and beneficiary contact number.
B) If Beneficiary is a Corporate. It is mandatory to quote:- In Payment Details - please quote purpose of payment and invoice number.
- In Information to Beneficiary Bank - please quote beneficiary email address, beneficiary contact number and person in charge.
C) Payment with charge type "BEN":- Ensure the amount to be contracted is the amount after less charges.
*KRW payment: Not allowed to 3rd countryTaiwan TWD It is mandatory to quote the beneficiary name, address and contact number.
Payment with charge type "BEN"- Ensure the amount to be contacted is the amount after less charges.
*TWD payment: Not allowed to 3rd country
** Transaction amount should be rounded without Cents ** -
Country Code
Please refer to country code listing.