Overseas Transfer

Easy, fast and secure overseas fund transfers.

Overseas Transfer via SWIFT

Fund transfer via SWIFT - the global provider of secure financial messaging services.

Speed

Fund can be received within next working day if no delay at intermediary/beneficiary's bank.

Cost

  • Outward Transfer: 0.15% of TT amount or min. of US$5.00 + cable charge of US$15.00.
  • Inward Transfer if < $1,000 : .05% of TT amount or min.$5.00.
  • Inward Transfer if ≥ $1,000 : $200
  • Cashier's Order : $5.00 per order.

Safety

Accurate and secured payment channel.

Risk

No physical cash carried, increase of risk mitigation on physical cash loss

Correspondent Banks

USD : Standard Chartered Bank, US
USD : UOB, Singapore
USD : OCBC, Singapore
USD : DBS, Singapore
USD : Kookmin Bank, South Korea
EUR : UniCredit Bank, Germany
EUR : Bred Bank, France
SGD : UOB, OCBC, and DBS Bank, Singapore
THB : Thanachart Bank, and Kasikorn Bank, Thailand
CNY/RMB : ICBC, Singapore
AUD : OCBC, Singapore
HKD:OCBC, Singapore
GPB : OCBC, Singapore

Click here for wire instruction to receive payments from overseas

How to conduct  Overseas Transfers at the Branch


The customer must have a bank account with Vattanac Bank to avail of this service. Depending on the amount of money to be transferred, the customer may be required to provide supporting documents.

If you’re at our branch, simply fill out the Remittance Application form, sign it, and hand it to our teller for processing.

How to make a make an overseas fund transfer through internet banking

1.

Log in to your internet banking account.

2.

Select the ‘Fund Transfer Menu’ and choose  the ‘Overseas Bank Fund Transfer’ sub-menu.

3.

Enter the details of the beneficiary, and the amount of money you wish to transfer. You can create templates should you plan to repeat transfers to certain beneficiaries in the future.

4.

Click ‘Next’ when you’ve filled in the details, and you’ll get a summary of your transaction. Once you’ve confirmed the details, we will send you a security code.

5.

Enter the security code, and the transfer will be processed.

EMQ Remittance Service

Vattanac Bank has partnered with global payments network EMQ to facilitate real-time cross-border payments across Asia, with more markets in the pipeline. EMQ enables cheaper, faster and safe cross border financial transactions. With EMQ, Vattanac Bank customers are able to:

  1. Perform Overseas Fund Transfer 24/7  via Online Banking
  2. Reduce  transaction turn-around time
  3. Use multiple payment methods such as  :  Bank Transfer (Bank account) or Cash pick-up,
  4. Send payment out from Vattanac Bank to Asia Countries such as Indonesia, Malaysia, Philippines, Singapore, Vietnam and Thailand.

Type of transactions

To send payments out in USD and receiving in currencies of destination countries. The remittance  can be done thru:

Internet Banking

Key terms and conditions of service provision

  • Individual Account ONLY
  • Account to account :  An individual customer can send up to US$2,500.00 per day
  • Account to cash pick up  (receiver is non-account holder)  – An individual customer can send  up to US$1,000.00 per day

Cost

Fee for remittance  up to US$1,000.00 =  US$5.00 Flat
Fee for remittance  more than US$1,000.00  =   US$8.00 Flat

One side charge  :  SENDER ONLY

How to make an overseas fund transfer through Vattanac Internet Banking

1.

Log in to your internet banking account.

2.

Click on transfer, select EMQ, and fill out  form

3.

Input the OTP sent via your phone to complete the transfer process.