Telegraphic Transfer

Fast and cost-effective way to send money overseas; TT uses authenticated message sent electronically to another Maybank Branch or a correspondent bank, instructing it to pay your beneficiary a specified sum of money.

Enjoy preferential FX rates when you remit funds overseas via Maybank2u.com.sg (Online Banking)!

Key info

  • Range of major foreign currencies available, so you can send money virtually anywhere
  • Competitive foreign exchange rates

 

Telegraphic Transfer uses authenticated message sent electronically to another Maybank Branch or a correspondent bank, instructing it to pay your beneficiary a specified sum of money. With our competitive foreign exchange rates, it is a fast and cost-efficient way to send money overseas.

Benefits

  • Short turnaround time of a few business days upon application (depending on currency, destination and banks involved)
  • Efficient – foreign beneficiary's account is credited directly
  • With our wide network of correspondent banks, you can send money to virtually any part of the world
  • We offer a range of major currencies, at competitive foreign exchange rates

Login to www.maybank2u.com.sg to view the preferential FX rates.

Who can apply

You do not need to be a Maybank Account holder to enjoy this service

Required documents

For transactions involving cash, just produce your identification document (Singapore NRIC or Passport)

Fees and charges

Click here for a list of applicable fees and charges

To apply, visit us at any of our 22 Branches in Singapore with your identification document; you may choose to pay with cash or by debiting your Maybank account.

If you are a Maybank Account holder, you may login to Maybank2u.com.sg to perform a telegraphic transfer quickly and efficiently.