Notice on Business Internet Banking Enhancement Features

 

With effect from 15 May 2018, customers can pre-book and transfer funds in all major currencies via Telegraphic Transfer (Contracted Rate) from their SGD account(s) only. Currently, only local currency (SGD) converting to USD or EURO is available.

Currency of Debiting Account (Source of Fund)
Remitting Currency




SGD
USD
SGD
EUR
GBP
AUD
NZD
CAD
HKD
JPY

 

With effect from 1 June 2018, BIB customers who have enrolled for BIB Telegraphic Transfer services may choose one of the following charge options for telegraphic transfers. Currently, only "SHA" charge type is available.

Charges Borne byCharge typeCharge Description
Applicant and BeneficiarySHA
  • Local charges to be paid by Applicant (remitting bank charges)
  • Overseas charges to be paid by Beneficiary (agent and/or beneficiary bank charges)
BeneficiaryBEN
  • All local and overseas charges to be paid by Beneficiary

Should you require any further assistance, please feel free to contact your Relationship Manager, Financial Advisor or contact our Customer Service Executives at 1800-777 0022 (local) or (65) 6777 0022 (overseas) from Monday to Friday, 9 am to 6 pm, excluding Public Holidays.

 

Questions? Our FAQs may help.

 

 

 

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