remittances

Remittances

Process payments efficiently anywhere in the world

Remittances

Process payments efficiently anywhere in the world

At a Glance
Transfer funds securely and efficiently in Indonesia and anywhere in the world with our comprehensive range of remittance services to suit your business needs.

Why choose DBS Remittances?

Handle telegraphic transfer arrangements like TT, SKN and RTGS conveniently via IDEAL, our online banking platform, or through one of our branches and with our partner banks.
Save money with our competitive transaction fees, especially through IDEAL
Make local or international payments promptly with our extended cut-off times, available when using IDEAL, to help facilitate urgent payments.

TT

Telegraphic transfers (TT) are transmitted via the SWIFT network or by Telex for more secure and faster transactions.

SKN

Sistem Kliring Nasional (SKN) is an inter-bank payment and settlement system suitable for low value payments in IDR. This online system is convenient and time-saving.

RTGS

Real Time Gross Settlement (RTGS) is the fastest way to transfer funds in IDR for high value payments.

FAQs
Do I need a DBS Business Account to use outward remittances?

Yes, you will need to have a business account with us in order to use these services. If you do not have a business account with us, please call us at 1500 380 (Indonesia) or +6221 8082 6902 (Overseas) and we will arrange for a relationship manager to assist you. You may also visit our Business Account page for more information.
What are your transaction fees for outward remittances?

We offer competitive pricing for transaction fees.

SKN outward

IDR: 3500

RTGS outward

IDR: 35,000

With Foreign Exchange

Paper-based transaction: Telex USD 15
Online banking: Telex USD 10

With No Foreign Exchange

Paper-based transaction: Telex USD 15 or its equivalent in other currencies
   Commission in-lieu 1/8% (minimum USD 10 and maximum USD 150)
Online banking: Telex USD 10 or its equivalent in other currencies
   Commission in-lieu 1/8% (minimum USD 10 and maximum USD 100)

You can enjoy preferential pricing when you transact via IDEAL, our online banking platform.
What is the latest cut-off time to submit my transaction requests with DBS?

OVERBOOKING

Manual (all currencies): 16.00
IDEAL (same ccy) 24 x 7 / (different ccy): 17.00 

SKN

Manual: 12.00
IDEAL: 15.30 

RTGS

Manual: 14.00
IDEAL: 15.30 

TT

Manual: 14.00
IDEAL: 15.30
How do I apply?

Simply contact your Relationship Manager or DBS BusinessCare by calling 1500380 (Indonesia) or +6221 8082 6902 (Overseas). We are available Monday to Friday (except public holidays), between 08:00 - 17.00.

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