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MORE TO KNOW ABOUT GLOBAL PAYMENT SYSTEM.

Updated time: Jun 04, 2021, 09:59 (UTC+03:00)

As a result of the world becoming more and more connected, the need for international money transfer surged in recent years. The trend is predicted to continue to ascend in the years to come.

DNBC Financial Group has worked hard to implement international transfer service on all of our platforms, helping clients execute international transfers effortlessly.

Here is a glimpse of our global payment system and exactly how it works.

SWIFT payment system a

What is international transfer all about?

The SWIFT network has a long-standing history in the financial industry and has a reputation as the most efficient tool in transferring funds abroad. With a network of more than 11.000 member institutions, DNBC Financial Group included, SWIFT is undoubtedly one of the biggest names in the financial service industry. 

DNBC has launched the international transfer service on March 5th, 2021 by making partnerships with a collective of correspondent banks around the world that belong to SWIFT network to support clients in transferring and receiving international payments.

Here is everything you need to know about INTERNATIONAL TRANSFER!

International money transfer is easy!

Understanding the high demand for international money transfers, we have perfected our product to best cater to our customer’s need to send funds abroad. Here are some of the best features DNBC Financial Group has to offer.

Connection with 170 countries

We support transferring and receiving funds from 170 countries and territories around the world, including the UK, the EU, Switzerland, Singapore, Hongkong, Norway, Sweden, Canada, Australia, Japan, South Korea, Finland, the UAE, and many more.

Using an international payment system is the best way for you to connect with the world.

Partnership with Trusted Banks & Financial Institution

After establishing our connections with the intermediary banks belonging to the SWIFT network, we have received BIC code to access international transfer. In further, we are going to expand our partnerships to reach more into the global transfer system.

Multiple currencies

With the support of our correspondent banks (AB Mano Bankas and InCore Bank), DNBC Financial Group’s customers can easily transfer and receive funds with other people using different currencies. Our Transfer Network supports currently supports 25 currencies in total and we are on our way to adapt more currencies into our system.

DNBC Financial Group also has an online currency conversion tool to help with sending and receiving funds using other currencies.

Automatic online currency conversion

As you already know, our DNBC Financial Group payment accounts use EUR as the main currency. Therefore, we have implemented an automatic online currency conversion tool built right into all accounts. When the received transactions are made with other currencies, the tool will instantly convert the funds into EUR before it makes into the customer's account.

How does our international payment system work with our partnerships from intermediary banks?

Numerous things need to be implemented behind the scenes to send or receive a transaction in such a secure and timely manner, especially when a single transaction is accompanied by an array of outstanding features. Here is what the international payment system looks like.

For incoming payments

FOR INCOMING PAYMENTS

(Sender's Bank ➡️ Sender Bank’s Correspondent Bank(s) ➡️ Incore/Mano Bank's Intermediary Bank ➡️ Incore/Mano Bank ➡️ DNBC Financial Group)

Please make sure that all senders have familiarized themselves with our Inward Payment Service Details to avoid any trouble that may occur.

For outgoing payments

For outgoing payments

(DNBC Financial Group ➡️ Incore/Mano Bank ➡️ Incore/Mano Bank's Intermediary Bank ➡️ Sender Bank’s Correspondent Bank(s) ➡️ Receiver’s Bank)

Please refer to our guidelines to be instructed on how to make international transactions.

Correspondent/Intermediary banks list

We have put together a list of main cash correspondent/intermediary banks that support DNBC Financial Group clients in making and receiving the international transfers.

Main Cash Correspondent/Intermediary Banks for DNBC Financial Group Clients’ Transaction Payment Via InCore Bank

Currency Correspondent Name Place BIC Code Details
AED UBS AG Zurich UBSWCHZH80A Via SCBLAEADXXX
AUD ANZ Payment Group Melbourne ANZBAU3M  
CAD UBS AG Zurich UBSWCHZH80A Via CIBCCATTXXX
CHF Swiss National Bank Zurich Clearing  
CZK UBS AG Zurich UBSWCHZH80A  
DKK UBS AG Zurich UBSWCHZH80A via NDEADKKKXXX
EUR Swiss Euro Clearing Bank Frankfurt SECGDEFF  
GBP UBS AG Zurich UBSWCHZH80A via UBSWGB55XXX
HKD UBS AG Zurich UBSWCHZH80A Via UBSWHKHHXXX
HUF Raiffeisen Bank Zrt. Budapest UBRTHUHBXXX  
ILS UBS AG Zurich UBSWCHZH80A Via LUMIILITXXX
JPY Mizuho Business Bank Tokyo MHCBJPJT  
MXN UBS AG Zurich UBSWCHZH80A Via BNMXMXMMXXX
NOK DnB NOR Bank ASA Oslo DNBANOKK  
NZD ANZ Natl. Bank Ltd. Wellington ANZBNZ22  
PLN UBS AG Zurich UBSWCHZH80A Via PKOPPLPWXXX
RON UBS AG Zurich UBSWCHZH80A Via INGBROBUXXX
RUB UBS AG Zurich UBSWCHZH80A Via SABRRUMM012
SEK UBS AG Zurich UBSWCHZH80A Via ESSESESSXXX
SGD UBS AG Zurich UBSWCHZH80A Via UBSWSGSGXXX
TRY UBS AG Zurich UBSWCHZH80A Via TEBUTRIS930
ZAR Firstrand Bank Ltd. Sandton FIRNZAJJ  

 

About us

DNBC Financial Group holds all rights to the Payment Institution License issued by the Central Bank of Lithuania. We are authorized by the Bank of Lithuania to conduct Financial Activities specified in our License. DNBC Financial Group became the trusted choice in terms of Global Transfer and SEPA Transfer for individuals and businesses around Europe and over the globe with digital payments and remittances. Individual clients can also use Payment Mastercards for online payment or withdraw cash at a global ATM with the logo Mastercard…

Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated, meaning that the Card could be used wherever Mastercard is accepted.

DNBC Financial Group

*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 are incorporated 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 mobile payment app.

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About Us

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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