Please refer to our table of charges on Inward Remittance Fees
Please provide your remitter or remitting bank the following information:
For SGD Payments
- Pay to "UOB Singapore (SWIFT: UOVBSGSG)"
- Favouring Beneficiary:
- Full Beneficiary name as per Bank records
- Account numbers for UOB Current or Savings Account
For foreign currency remittances to accounts with UOB Singapore,
- Pay through UOB Singapore Nostro Agents for respective currencies. For the list of nostro agents, please refer to List of UOB Agent Banks.
- Beneficiary Bank: United Overseas Bank Limited Singapore (Swift/BIC: UOVBSGSG)
- Favouring Beneficiary:
- Account numbers for UOB Current or Savings Account
- Full Beneficiary name as per Bank records
Yes, you will need to inform the remitter or remitting bank to route the payment through The Bank of New York immediately. Otherwise, these payments may be rejected by Citibank / HSBC by Q2 2017. Please refer to question (2) for the payment instructions to be provided.
After the TT is successfully processed, you will be able to receive the hard copy credit advice within 2 – 3 working days. For clients with Business Internet Banking Plus (BIBPlus) access, the electronic credit advice can be retrieved after the TT is successfully processed.
This is a fee charged by our USD agent bank for processing the transaction.
This fee is not new. It is a market practice for intermediary banks to deduct their processing fee from the remittance amount when the remitters indicate charge code SHA or BEN in their payment instructions.
Some agent banks have not been charging this fee in the past but they have started with effect from Jan 2017.
We are unable to waive the fee which is charged by our USD agent bank.
This fee is not deducted by UOB and hence will not be reflected in the credit advice from UOB.
Please refer to our List of Agent Banks.