Cross-border payment with stability and growth
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for your business
DNBC Financial Group mission is to deliver the best possible payment services at a reasonable cost. With our sophisticated network and a readily available online platform, we can save you time, money and countless trips to your local banks.
From cash management to merchant accounts services, you can manage your funds effortlessly by simply log in to your DNBCnet payment accounts via our payment platform or our apps. Simple yet effective services, anything you need, you name it, we have it.
Open an Account
If you want to apply with us, please refer to our eligibility criteria
We offer a wide variety of services tailored to your every need.
Find out more about our services below.
Easily set up with 24/7 support
Take the lead with DNBC Financial Group
Business Account.
Please click the “Open an account” button on the top right corner then select “Business Account” and simply fill in the necessary information.
Please submit the required documents to finish the process. Should you have any needs for consultation and support, your DNBC Financial Group Relationship Manager will always be ready to assist you.
Compliance team will conduct a 15-20 minute interview for face recognition with you.
After the process is completed, you will receive notification about your new Business Account being officially activated. Now you can start your journey with DNBC Financial Group!
24/7 easy access and monitoring of multiple accounts.
Effortless management of the cash flow and every transaction.
Everything you need is in the palm of your hand.
We are passionate about our work. Your success is our success. We want your business to thrive and flourish. Our top priority is to help you achieve the goals you set for your business and foster your mission. We offer the most tailored services, which grow with your business’ needs.
We would love to help you get started and support you along the way.
A Business Account or a Business Current Account can only be opened by the chief executive officer (CEO) or the owners of a company. They will need to complete the identification procedure, required by DNBC Financial Group (""DNBC""), this process will include filling our application forms and a short remote interview. If you ever encounter any issues with the process, our Relationship Manager will be ready to support you, just give us a call.
In the case where you are not the CEO of a company, but an authorized person, you also need to complete the identification procedure before the process to open the account. Afterward, you'll be required to submit a power of attorney or a permission with e-signature by the company CEO to complete the steps to open a Business account. Please don't feel disheartened with the list of required documents, we will provide you with a Relationship Manager to guide you through the process and tell you exactly which paper we would need from you.
Business accounts provided by DNBC only available for companies that are currently retaining active status. We will need additional information about your field of operation to complete the opening process. This can be a hassle at first but this process will assist us in providing you with the appropriate features according to your business.
See more: Open a business account with DNBC Financial Group
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.
A Business Account is made for commercial or business purposes. It can perform more transactions in one day with a higher transaction limit. A Business Account has all the functions of a Personal Account. In short, if you are interested in running your business effectively with the best possible support, you should choose to open a DNBC Financial Group Business Account.
At DNBC, business account opening is as easy as opening a personal account with a dedicated Relationship Manager to guide you through the process, which would make it as simple as it can be. So there is no reason to use a personal account if you want to startup or currently run a business yourself.
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.
| 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. |
In general, if you are working as a freelancer, you can collect payment to your personal account without the need to open a business one. However, this may change according to the law and regulation of every country you are based on so we would review this on a case-by-case basis. Please contact our Relationship Manager for specific information regarding your circumstance and your country specifically.
Business account procedure requires our client to provide some legal entity documents that a freelancer is unable to submit. For example when a business client applies for a DNBC Financial Group business checking account, they are advised to submit some documents like Certificate of Incorporation/ Registration, Memorandum and Articles of Association, Register of Director & Shareholder, Company Extract ( for European companies only); and a freelancer cannot provide these papers to apply for DNBC business account.
On the other hand, a DNBC personal account is also an optimum choice for personal usages. You can execute wire transfer online, pay online with DNBC MasterCard, manage your finance effortlessly with payment platform and mobile payment free registration fees and monthly maintenance fee while you only need to provide your identification and address proof.
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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