around the world in seconds
We serve both the business and private individuals with our remittance services, if you want to remit several currencies to other accounts, banks or overseas, we are able to help. We offer fast, efficient and effective fund transfer and payment facilities. To allow you to carry out your business or your life worry-free.
Benefits:
EUR Transfers within DNBC Financial Group system
EUR Transfers within Europe (Using SEPA system)
Multi-currency Transfer around the World (With SWIFT System)
In order to use our remittance service, you need to log in to your DNBC Financial Group personal or business...
Depending on which currency you want to transfer to your recipient, you can use our exchange...
Enter the details of your recipient’s bank. Depending on the country you are transferring...
Save on transfer fees and wire money within SEPA at some of the best rates on the market.
A solution to send and receive global transfer with reasonable fees
Transfer balances between currencies instantly and at competitive rates.
Open accounts for specific purposes and move funds between at any time.
Make efficient payments to multiple recipients in a single click.
Send money instantly to other DNBC Financial Group account holders using only their email address or mobile number.
* Effective from Jan 17th, 2022
Currency: EUR
| Currency: EUR | Personal Account | Business Account | ||
| Account opening fee | Free of charge | Free of charge | ||
| Monthly Maintenance Fee | Standard Package: 19 EUR ELITE Package (1): 9 EUR Premium Package(6): 0 EUR | 99 EUR | ||
| Online Payment, Mobile Payment Sign up and Monthly fee subscription | Free of charge | Free of charge | ||
| Currency: EUR | Personal Account | Business Account | ||
| Incoming payments from another DNBC Account | Free of charge | Free of charge | ||
| SEPA incoming | 5 EUR | 5 EUR | ||
| SWIFT incoming (SHA/BEN/OUR) | 0.2% - min 10 EUR | 0.2% - min 10 EUR | ||
| Currency: EUR | Personal Account | Business Account | ||
| Outgoing to another DNBC account | Free of charge | Free of charge | ||
| SEPA Urgent D+1(2) | 0.25%(3) + 25 EUR | 0.25%(3) + 25 EUR | ||
| SEPA Express D(2) | 0.25%(3) + 50 EUR | 0.25%(3) + 50 EUR | ||
| SWIFT Outgoing (SHA/BEN) | 0.3% + 50 EUR | 0.35% + 50 EUR | ||
| SWIFT Outgoing (OUR) | 0.3% + 50 EUR + correspondent bank fee (if any) | 0.35% + 50 EUR + correspondent bank fee (if any) | ||
| Payment cancellation, modification, refund (SEPA) | 10 EUR | 10 EUR | ||
| Payment cancellation, modification, refund (SWIFT) | 55 EUR | 55 EUR | ||
| Currency: EUR | Personal Account | Business Account | ||
| Investigation Fee (SWIFT) | 75 EUR | |||
| Recall Fee (SWIFT) | 75 EUR | |||
| Due diligence fee on large amount payment (4) / complex transaction | 0.05% - max 200 EUR | 0.05% - max 200 EUR | ||
| Fee for handling funds on an account (annual rate)(5) | 1% over 100,000 EUR | 1% over 100,000 EUR | ||
Note:
| DNBC Financial Group account statement | 10 EUR | Hard copy. Free when download via DNBCnet |
| Balance Certificate for a specific account | 20 EUR | |
| DNBC Financial Group current account reference letter | 50 EUR | |
| Express courier original copy | 60 EUR | To client address worldwide: DHL/FedEx |
| Fee for copy of SWIFT transfer | 55 EUR | |
| SMS notification about account transactions | 0.2 EUR | Per message |
| Email notification about account transactions | Free of charge |
| Closing the Personal or Business account after one year | Free of charge | |
| Closing the Personal account within 12 months | 200 EUR | |
| Closing the Business account within 12 months | 1000 EUR |
Note: Please take note that the provided information about SWIFT Transfer above is for informational purposes. Currently, we have indirect relationships to perform any international SWIFT transfer and inbusinessd with several correspondent/intermediary banks that support our clients in making international money transfers/receive via SWIFT Transfer. All SWIFT trademarks are owned by S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. DNBC is only responsible for managing and supporting our clients to send payments as well as make transactions via DNBCnet.
Information updated as of Jan 17th, 2022. The fees and charges are subject to change from time to time.
No matter wherever you are and whatever currency you transfer as well as whether you are using a personal account or a business account, all transfers between all DNBC Financial Group (DNBC) clients are free and unlimited in all currencies supported by DNBC.
There are a few things that you need in order to transfer funds to the right recipient. First of all, you and the one you transfer to would need either a personal current account or business current account with DNBC. Secondly, you need to login to your online payment on our website (DNBCnet) or our DNBC mobile transfer app and choose the option to transfer money international within the DNBC network and input your receiver account number for the transfer and the amount you want to transfer and that’s it, now you only need to wait for the money to be credited to your account or to your recipient’s account, this will normally take a few seconds.
SWIFT - Society for Worldwide Interbank Financial Telecommunication.
Transaction orders are transmitted between members of this network.
Each member is identified with a unique SWIFT/ BIC code.
To this day, SWIFT is the biggest and most efficient tool for international money transfer, with over 11.000 member institutions in over 200 countries, sending over 5 billions financial messages globally every year.
At DNBC, we offer a very competitive fee for transferring funds within the DNBC network as well as to other banks across the globe. We don’t define international transferring as a different kind of transferring so you would not be charged extra for transferring money internationally compared to normal transferring outside of the DNBC network. In addition to that, DNBC also provides customers with international cash management services as an extension for our current account. These services would ensure that our customers could manage their transactions effortlessly and also to make sure the transactions would reach the destination.
Another inherent part of international transfer is exchange rate, we offer the best possible exchange rate for your transaction, better exchange rate would be applied to your transfer the larger the fund transferred is. If you have registered a multi-currency account with us, you would be able to send and receive money in any foreign currency you want without the need to exchange. The only restriction is that the foreign currency of your choosing must be in our list of supporting currencies so please contact our relationship manager to find out more about which currencies we support.
SWIFT works by assigning each member institution a unique ID code that identifies the bank name, country, city, and branch.
For example DNBC Financial Group BIC code is: DSFE LT 21 XXX
Here's an example BIC code: DEUTDEFFXXX. Let's break it down:
Bank code: DEUT - This represents the bank. In this case, it's Deutsche Bank. Country code: DE - This is the ISO 3166-1 alpha-2 country code representing the country where the bank is located. In this example, it is Germany.
Location code: FF - This code defines the location (city) of the bank's head office. Here, it is Frankfurt. Branch code (optional): XXX - This part is optional and used to identify a specific branch of the bank. In this example, the 'XXX' indicates that the code refers to the bank's head office.
So, the example BIC code DEUTDEFFXXX represents Deutsche Bank's head office in Frankfurt, Germany.
As DNBC Financial Group offers both SWIFT and SEPA transfer, the processing time may vary from one transaction to another, depending on the type of wire transfer international you choose, the country and the bank of your beneficiary.
SEPA transfer would normally takes 2 business days to complete. However, you are provided with an option to transfer your funds in the instructing day or the following day respectively. Please refer to the links below for more details:
SWIFT transfer would normally takes 2-5 business days to complete, depending on your beneficiary's bank's relationship with DNBC Financial Group and our correspondent banks.
| Features | SEPA | SWIFT |
|---|---|---|
| Network | 28 + 3 EU/EEA countries. | 170 countries and territories. |
| Currency | EURO. | Multiple currencies. |
| Transaction time | 01-02 business days. | 02-05 business days. Or more depending on the relationship between the two payment institutions. |
| Transaction limit | 10,000 EUR/day for a personal account. 50,000 EUR/day for a business account. Note:This is the default limit when establishing your account. The limit can be increased upto 200,000 EUR for personal account and 500,000 EUR for business account.. Contact +65 6572 8885 for transaction limit update. | |
| Transfer fees | Cheaper for transfer within the EU/EEA region. | Depends on the fees of the correspondent banks involved. |
A way that can help you make any transactions in no time, no branch visit needed and no-paper account opening?
We are always proud of being an experienced Financial Institution in the global financial payment market.
We provide the Best International Money Transfer Services. DNBC Financial Group can assist you with different payment methods, whether it is a personal account or a business account.
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