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, a member of DNBC Financial Group in Europe - DNBC Financial Group code is: DSFE LT 21 XXX
|Network||States of Canada.||170 countries and territories.|
|Transaction time||01-02 business days.||02-05 business days. |
Or more depending on the relationship between the two financial institutions
|Transaction limit|| |
10,000 CAD/day for a personal account.
50,000 CAD/day for a corporate account.Note:
This is the default limit when establishing your account.
The limit can be increased up to 200,000 CAD for personal account and 500,000 CAD for corporate account..
Contact +65 6572 8885 for transaction limit update.
|Transfer fees||Cheaper for transfer within States of Canada.||Depends on the fees of the correspondent banks involved.|
At this time, with SWIFT transfer, you can send money from your CAD account to other accounts in any other currencies.
However, when you receive payments in other currencies, the fund will be automatically converted to CAD in your DNBC Financial Canada Limited current account.
With SWIFT transfer services recently implemented, DNBC Financial Canada Limited has partnered with several correspondent banks to provide our customers with the best possible fee and the least amount of wait time for international transactions.
At the moment, DNBC Financial Canada Limited can support transfer and receive from 170 countries and territories around the world including the UK, the EU, Japan, South Korea, Switzerland, Finland, the UAE, Singapore, Malaysia, HongKong, India, Norway, Germany, Sweden, France, Canada, Australia and many more.
However, we also have a list of 25 prohibited countries regarding SWIFT transfer.
DNBC Financial Canada Limited supports both SWIFT and Non-SWIFT transfers to 170 countries and territories around the world so our customers can enjoy a variety of transfer options with the best fee and the least amount of wait time.
You can access DNBC Financial Canada Limited Fees for international transfer right here . This table has already included the international transfer fees for both personal and corporate accounts.
Currently, we have indirect relationships to perform any international SWIFT transfer and are incorporated with main cash correspondent/intermediary banks that support our clients in making international money transfers/receive via SWIFT Transfer.
Currently, DNBC has indirect relationships to perform any international SWIFT transfer and incorporated with several correspondent/intermediary banks that support our clients in making international money transfers/receive via SWIFT Transfer
The transaction time and fees will be heavily influenced by the relationship between our correspondent banks and your beneficiary’s financial institution.
Normally, it would take 02-05 working days for the transfer of funds to be carried out.
In the near future, DNBC Financial Canada Limited will be expanding our connection with correspondent banks around the world to support more currencies, lower transaction costs and reduce wait time.
Please note that in order to transfer funds, DNBC Financial Canada Limited depends on our correspondent banks in some stages of transaction.
Should any delays occur, DNBC Financial Canada Limited and our correspondent banks will work together to help you in transferring or receiving funds on time.
Normally, it would take 01-02 working days for Non-SWIFT transfer, and 02-05 working days for SWIFT.
You also have an option to transfer via Non-SWIFT Express, which can arrive on the same day your transaction is made, or on the following business day.
For more information about the services that we offer: Table Of Fees
DNBC Financial Group makes it simple to transfer money across borders. Please follow the instructions:
The speed of wire transfer typically completes within 2 and 5 business days.
One of the most certified ways to send money to other countries is using the best online international money transfer service. Here at DNBC, we offer services connected to the Non-SWIFT network and partnered with correspondent banks from SWIFT. Furthermore, our services could show you the transparent process of transfer and reduce hassle every transaction, etc.
DNBC is on the way to building the cheapest international money transfer app. Our network will be increasing in the near future, allowing us to support additional currencies, cut transaction fees, and minimize the amount of time it takes to complete a transaction. Get the app now !
Please contact us through email at [email protected] or our hotline at: +65 6572 8885 if you face any issues during the transmission procedure.
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We are always proud of being an experienced Financial Institution in the global financial payment market.
We provide the best payment platform as well as worldwide money remittance service. DNBC Financial Canada Limited can assist you with different payment methods, whether it is a personal account or a business account.