Business Payment Methods and Solutions

Whether you’re sending or receiving international payments, our business services can help provide a quick exchange of funds

• Outgoing International Payments (Wire Transfer)
• Cross Currency Payments
• Currency Drafts

These international payment solutions are often used for quick settlement, typically from same day to two business days¹.

Converting foreign currency payments into Singapore Dollars can sometimes prove a challenging and costly process. Processing your incoming international payments with FX International Payments gives you convenient access to funds, thanks to our global banking relationships.

We can convert your incoming foreign currency wire or draft into Singapore Dollars and wire the funds into your nominated Singaporean bank account.

We can help you manage foreign exchange risk using forward contracts, for example when you have invoices or receipts due at a future date in a foreign currency. We offer:

• Outgoing Forward Contracts
• Incoming Forward Contracts
• Flexible Forward Contracts
• FX Orders (Take Profit)

Forward Contracts are agreements between you and a foreign exchange provider to buy or sell a certain amount of foreign currency at a fixed rate of exchange at a future date. They allow you to lock into an exchange rate now to avoid currency fluctuations.

• Live currency rates
  Rates are displayed in real time so you have complete visibility of the total cost before confirming your payment. 
• Foreign exchange customer support, Mon-Fri, 24 hours  by phone or email
  Our specialist investigation and payment processing teams will ensure your payment is instructed in the correct way
• In-depth reporting services and payment history
  Processing, tracking, reconciliation, history – all in one place. Keep on top of your foreign currency transactions, see payment histories and reports can also be imported to excel.
• Get rate alerts by SMS or email
  Transact when the rate is right for you. We’ll tell you when your chosen currency reaches the rate you want. Set up alerts by rate, currency, value or time period.
• Payment Scheduling
  Payment Scheduling allows you to pre-plan payments with funds automatically sent as per your chosen schedule.

All of the above supported by your dedicated Relationship Manager.