Outward Telegraphic Transfer (OTT) is a fast and secure method for transferring funds globally in over 60 currencies, encompassing both major currencies such as USD or EUR, and less commonly used currencies such as KRW and VND.
Send money in major currencies like USD or EUR, or other currencies like KRW and VND.
Send money in major currencies like USD or EUR, or other currencies like KRW and VND.
Enjoy sending payments in 1 to 3 working days, thereby minimising potential delays in the supply chain.
Enjoy sending payments in 1 to 3 working days, thereby minimising potential delays in the supply chain.
Gain an end-to-end view on your payment status with SWIFT global payments innovation (gpi) to achieve better cash forecasting.
Gain an end-to-end view on your payment status with SWIFT global payments innovation (gpi) to achieve better cash forecasting.
Always know how much you will pay in fees and FX rates.
Always know how much you will pay in fees and FX rates.
Enjoy peace of mind knowing your payments are in line with anti-money laundering (AML) and regulatory guidelines.
Enjoy peace of mind knowing your payments are in line with anti-money laundering (AML) and regulatory guidelines.
With over 60 currencies to choose from, Outward Telegraphic Transfer is suitable for businesses that:
✓ Import or export foreign goods and services
✓ Process invoices billed in foreign currencies
✓ Process salaries in foreign currencies
✓ Trade in foreign currencies
Transfer fee of S$30 per transaction
*Agent fee may apply. Please refer to our Business Banking Pricing Guide.
Not an OCBC Business Banking customer yet? Apply for an OCBC Business Account now.
The exact cut-off timing for an Outward Telegraphic Transfer is dependent on the currency you are transferring in (e.g. the cut-off time for USD is 6pm, SGT). Do note that the value date of the Outward Telegraphic Transfer will roll-over to the next working day the transaction is authorised after the cut-off time.
If you have questions, please contact us.
| OUR | All fees from OCBC and the agent will be paid by the sender. |
| SHA | The fees from OCBC will be paid by the sender. The fees from the agent will be paid by the beneficiary. |
| BEN | All fees from OCBC and the agent will be paid by the beneficiary. |
To ensure that your request is processed promptly, please provide the following information accurately:
You may check your transaction via OCBC Velocity. Login and select ‘Transactions’, click on ‘Transaction Status’.
AED, BMD, BND, BWP, AUD, CAD, CHF, CNH, CZK, DKK, EGP, EUR, FJD, GBP, GNF, HKD, HNL, HTG, HUF, IDR, INR, ISK, JPY, KRW, KWD, KYD, LAK, LKR, MOP, MNT, MUR, MVR, MWK, MXN, MYR, NGN, NOK, NZD, OMR, PGK, PHP, PLN, QAR, RWF, SAR, SBD, SEK, SGD, SSP, THB, TOP, TRY, TTD, TWD, TZS, USD, UYU, VND, VUV, WST, XAF, XCD, XOF, ZAR.
With OCBC Velocity, you can set personalised alerts to be notified when your desired exchange rates become available.
Enjoy a flat fee of S$15 for overseas transfers to OCBC accounts, which is more competitive than the standard telegraphic transfer fee.
Enjoy a flat fee of S$30 with no agent fees for transfers to 8 markets in their local currencies.
