SWIFT GPI OTT - Swift Global Pay | DBS ID Corporate Banking

SWIFT Global Payment Innovation
Outward Telegraphic Transfer

Fast, transparent and traceable cross-border payments

Fast, transparent and traceable cross-border payments

At a glance

SWIFT global payments innovation (gpi) speeds up cross-border payments with real-time tracking

Get notified when your supplier/beneficiary’s account has been credited

Same-day use of funds for your cross-border payments. Subject to the cut-off time of receiving bank

Credited amount and FX rates applied are readily available

Why SWIFT gpi OTT

Features & Benefits

Through end-to-end cross-border payments tracking now available in Singapore, Hong Kong, Mainland China, Taiwan, Indonesia and India

Better cash management and faster turnaround time

Know when funds are received by Beneficiary or if payments are still being processed

Include up to 140 characters of remittance information to help your beneficiary know the payment details

How to apply

Online GPI tracking capability is available to all IDEAL customers.

Not a DBS Banking customer?
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply.

FAQs

	How fast will SWIFT gpi process cross-border payments?
	SWIFT gpi is required to process or notify the status of your cross-border transactions within 4 hours.

	How can I use SWIFT gpi?
	SWIFT gpi is a default mode in your outgoing payments. All eligible cross-border payments will be routed through gpi.

	What are the participating banks?
	Find participating banks.  Check the bank’s status and certification.

	How do I trace my cross-border payments?
	You can trace your SWIFT gpi transactions status through IDEAL. On DBS IDEAL, navigate to Accounts, followed by Activities  Search by Transaction Details (For e.g. Debit Amount, Customer Reference)  Click on Report for: Payment Status and MT103 copy