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More to know about DSBC SWIFT 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.

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

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

SWIFT payment system a

What is SWIFT 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, DSBC Financial Europe included, SWIFT is undoubtedly one of the biggest names in the financial service industry. Want to learn more about SWIFT?

DSBC Financial Europe officially launched SWIFT transfer service on March 5th, 2021. Our connection with the SWIFT network and partnership with a collective of correspondent banks around the world has helped clients in transferring and receiving international payments with ease.

Here is everything you need to know about DSBC SWIFT TRANSFER!

International money transfer made 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 DSBC Financial Europe 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 our SWIFT payment system is the best way for you to connect with the world.

Partnership with Trusted Banks & Financial Institution

After establishing our connection with the SWIFT network and receiving our own BIC code, DSBC Financial Europe has been partnering with several other international banks to help us reach more parts of the world.

Our network will continue and grow to support international money transfers and receive from more countries, using our SWIFT payment system.

Multiple currencies

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

DSBC Financial Europe 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 DSBC Financial Europe payment accounts uses 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 dsbc swift payment system function?

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 DSBC Financial Europe SWIFT 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 ➡️ DSBC Financial Europe)

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 INCOMING PAYMENTS

DSBC Financial Europe ➡️ Incore/Mano Bank ➡️ Incore/Mano Bank's Intermediary Bank ➡️ Sender Bank’s Correspondent Bank(s) ➡️ Sender'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 DSBC Financial Europe Clients in making international money transfers/ receive via DSBC SWIFT transfer.

Main Cash Correspondent/Intermediary Banks for DSBC Financial Europe Clients’ Transaction Banking Via InCore Bank

Currency Correspondent Name Place BIC Code Details
AED UBS AG Zurich UBSWCHZH80A Via SCBLAEADXXX
AUD ANZ Banking 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 Corporate 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

DSBC Financial Europe 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. DSBC Financial Europe became the trusted choice in terms of SWIFT 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.

"DSBC Financial Europe" UAB

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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 payment platform as well as worldwide money remittance service. "DSBC Financial Europe" UAB can assist you with different payment methods, whether it is a personal account or a business account.