Get a multi-currency solution for your personal current account
Cross-border payment with stability and growth
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C$FREE
DNBC Financial Group Personal account opening fee
C$FREE
Multi-currency current account opening fee
C$FREE
Internet payment for Personal (sign up + monthly fee)
C$19
Monthly maintenance fee
* Effective from Jan 17th, 2022
| Currency: CAD | Standard Package | Premium Package(6) | |
| ACCOUNT SERVICE | |||
| Account opening fee | Free of charge | ||
| Monthly Maintenance Fee | 19 CAD | 0 CAD | |
| Online Payment, Mobile Payment Sign up and Monthly fee subscription | Free of charge | ||
| INCOMING TRANSACTION | |||
| Incoming payments from another DNBC Account | Free of charge | ||
| Non-SWIFT incoming | 5 CAD | ||
| SWIFT incoming (SHA/BEN/OUR) | 0.2% - min 10 CAD | ||
| OUTGOING TRANSACTION | |||
| Outgoing to another DNBC account | Free of charge | ||
| Non-SWIFT Urgent D+2(1) | 0.25%(2) + 25 CAD | ||
| Non-SWIFT Express D+1(1) | 0.25%(2) + 50 CAD | ||
| SWIFT Outgoing (SHA/BEN) | 0.3% + 50 CAD | ||
| SWIFT Outgoing (OUR) | 0.3% + 50 CAD + correspondent bank fee (if any) | ||
| Payment cancellation, modification, refund | 75 CAD | ||
| EXTRA FEE | |||
| Investigation Fee (SWIFT) | 75 CAD | ||
| Recall Fee (SWIFT) | 75 CAD | ||
| Due diligence fee on large amount payment(3) / complex transaction | 0.05% - max 200 CAD | ||
| Fee for handling funds on an account (annual rate)(4) | 1% | ||
Notes:
| Account, Statement & Notification | ||
| Account statement request | 10 CAD | Fee for Hard copy. PDF is free when downloading via DNBCnet |
| Balance Certificate for a specific account | 20 CAD | |
| Current account reference letter request | 50 CAD | |
| Express courier original copy | 60 CAD | To client address worldwide: DHL/FedEx |
| SMS notification about account transactions | 0.2 CAD | Per message |
| Email notification about account transactions | Free of charge | |
| Account closure | |
| Closing the Personal account after one year | Free of charge |
| Closing the Personal account within 12 months | 200 CAD |
You can easily open a personal current account with DNBC in a matter of seconds and at no additional cost by filling out our application form on our website. This can be found either on the personal account features tab or on the top right corner of our website. We will then contact you to complete the identification process and you will be able to use all of DNBC Financial Group's benefits right after the 1st deposit of €500 is made.
After the process of opening an account is done, you would gain many benefits of being a DNBC’s customer including secure online payment, ability to transfer money internationally as well as exchange currency at a favourable rate.
In addition, we also provide business accounts for our business customers including current account, merchant account and payment gateway functions with many more benefits for businesses with a very straight forward process as well. Please visit our website for the more information about the latest promotions and other accounts’ benefits
If you ever encounter any difficulties during the account opening process, please contact us via email: [email protected] or our hotline at: +65 6572 8885.
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.
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.
You can become a DNBC Financial Group's client and gain full benefits from our personal accounts at the age of 16. If you are younger than 16, you would need a legal representative to open the account in their name and take responsibility for you when using our services.
To open account with us, you would need to finish the identification procedure for the registering process, you would need to provide us with an international personal documentation, ie. a passport or ID card.
After you finish the registering process with us, you will receive an online payment (DNBCnet) account and you can start using our services from that moment onward. For ease of use in everyday activity, you can order a debit/prepaid card from DNBC which would be sent to you via postal services as quickly as 2 working days.
However after that process, there would be no more paperwork to fill and you can enjoy many benefits like managing your account anywhere, a multi-currency account if you travel a lot and no limits in transferring transactions around the globe (We may need you to prove your identification if you want to transfer a large sum of money). You would essentially receive an international account when you open an account with us.
| 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. |
At this time, with SWIFT transfer, you can send money online from your Euro account to other accounts in any other currencies.
You can send and receive international funding via SWIFT and SEPA transfer.
SEPA transfer is used when a transaction is made between countries in the EU/EEA.
SWIFT transfer can be used for transactions between 170 countries and territories around the world, including European countries.
There is no extra fee associated with your personal current account/ checking account during the time of usage but you would need to have a minimum amount of €240 kept in your account for an ongoing basis for payment of maintenance fees in 1 year. This amount will cover all your services, including a technical hotline if you even encounter any problems. You can use the debit/prepaid card provided at any shop or any foreign shop you like because there would be no geographical limit for our services.
If you transfer international money to another account within our DNBC Financial Group network, there would be no extra fee occurred but if you want to wire transfer to a bank account outside the network, we will charge you according to the speed of your transfer. You can check the full fees in the link below.
However, we will never charge you for checking your account online, so please check your account frequently and let us know any suspicious fees occurred because we will never charge you any hidden fees you wouldn’t know of.
You can check the full details of all your fees and charges updated on our website.
See more: Personal Account Opening Fees
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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