swift

SWIFT Global Payment Innovation
Inward Telegraphic Transfer

Now you can track your incoming cross-border payments on real-time basis, the moment the remitting bank initiates the payment

SWIFT Global Payment Innovation
Inward Telegraphic Transfer

Now you can track your incoming cross-border payments on real-time basis, the moment the remitting bank initiates the payment

At a glance

DBS Bank has launched real-time online tracking of cross-border collections to provide greater digital convenience to its corporate clients. 

Powered by SWIFT Global Payments Innovation (gpi), corporates will receive instant updates on where the funds are along the payment chain. With real-time visibility to incoming cash flows, corporates can better manage their cashflows. 

Why SWIFT gpi ITT

Features & benefits

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Visibility of funds

Cashflow is the lifeblood of all businesses. Having the ability to access real-time status updates is vital 

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Enhanced working capital forecasting

Brings efficiency in cashflow forecasting. Enables clients to send back-to-back payments 

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Proof that the payment has been sent

Receiving digitised proof of initiation means manual processes are eliminated 

How to apply

Online GPI tracking capability is available to all IDEAL customers. This will be for IDEAL users who have the payment (Telegraphic Transfer) function

Not a DBS Banking customer?  
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply. 
 

FAQs
How can corporates enable inbound TT tracking?

Online GPI tracking capability is available to all IDEAL customers. This will be for IDEAL users who have the payment (Telegraphic Transfer) function.  

How do I trace my cross-border collections?

You can trace your SWIFT gpi transactions status through IDEAL. 

  1. On DBS IDEAL, navigate to Payments, followed by Information for incoming transfers 
  2. Click on Report for Payment Status 
I want to be able to receive an alert from incoming funds. What should I do?

You can subscribe to alert at the user level for incoming payments. 

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