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Wire Transfer from Canada
At a Glance
Canada, with its serene beauty and ample opportunities, is home to a substantial Indian immigrant community. For NRIs in Canada and looking for ways to send funds internationally in shorter periods, DBS Treasures is the answer. DBS allows you to wire money online from Canada to other parts of the world, speedily and securely. Fulfil your financial obligations with DBS bank wire transfer services and ensure the financial security of your loved ones.
International Wire Transfer from Canada with DBS
In the past few years, Canada has been sending out feelers inviting immigrants for employment and career opportunities. The Indian community has responded to these feelers whole-heartedly, leading to an influx of the Non-Resident Indian population in Canada. As an NRI in Canada, you can ensure your family in India is looked after by opting for secure wire transfers from Canada with DBS Treasures.
DBS offers hassle-free international money transfer services, thereby enabling you to fulfil your various financial obligations with ease. With DBS, you can initiate a wire transfer from Canada at the click of a few buttons. You can utilise DBS' inward remittance services to wire transfer money in 19 currencies, including Canadian Dollars, to a DBS Treasures account held in India. In select locations, you can also wire transfer from Canada through the DBS India Remit facility. Opt for the international wire transfer facilities offered at DBS to enjoy safe and speedy remittance of funds from Canada.
DBS Wire Transfers from Canada – Features and Benefits
- If you are a Non-Resident External (NRE) Account holder with DBS Treasures, you can enjoy preferential exchange rates when conversion to INR occurs at the time of credit.
- As a DBS Account holder, you do not have to pay any additional service charges for credits into an NRE Account from abroad, save for the applicable Forex conversion fees.
- DBS offers speedy fund transfers into NRE Accounts, and, in select geographies, the beneficiary receives funds within 24 hours* of DBS receiving instructions.
- You can send funds seamlessly and securely with DBS using SWIFT and IFSC codes.
- DBS sends timely SMS and email alerts on successful fund transfers.
How to Conduct a Wire Transfer Online from Canada?
You can wire transfer money from Canada via DBS by following the steps given below:
- Instruct your local bank in Canada to send funds to the local DBS Treasures account and provide the correspondent details of the recipient.
- Place your request for the transfer of funds.
- The funds will reach the DBS Treasures account held with the correspondent bank within a span of 24-48 banking hours.
- Alternatively, you may use the account number and SWIFT code to initiate a wire transfer with the correspondent bank.
- The correspondent bank receives the funds, after which it transfers the amount into the account of the beneficiary.
DBS SG Account holders can conduct an international money transfer from Canada via DBS India Remit. Here are the steps.
- Begin by using the DBS SG Debit Card and PIN to register yourself for the iBanking facilities offered by DBS SG.
- Log in to your account by setting up your username and a strong password.
- Now add the necessary account details of the beneficiary, including their bank account number, bank branch, IFSC code, and so on, to begin the quick wire transfer process.
- Next, you need to log into your iBanking Account, locate the 'Funds Transfer' tab on the home page and choose the beneficiary.
- Review the beneficiary account details once again, provide their contact number and initiate the wire transfer request.
If you manage to submit your transfer request before 2 pm (Singapore time), the funds will reach the recipient's bank within a single working day.
How to Apply for Bank Wire Transfers from Canada
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Frequently Asked Questions
Indian Financial System Code, or IFSC code, is an 11-digit alpha-numeric code, which is unique to every bank branch. When you transfer funds online, you need to provide this code to the bank so that it can initiate the fund transfer.
To wire transfer money from Canada to India, you need to provide information such as:
- Name, Address and contact number of the beneficiary.
- Bank details such as account number, bank name and bank address.
- The reason for the remittance to India.
- The receiver bank's SWIFT code.
A wire transfer relies on the SWIFT network to conduct bank-to-bank transfers. This method of sending funds is secure, so long as you use RBI-approved intermediary banks for international fund transfers.
