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remittances

Remittance (money transfer, funds transfer or payment order) is the process of transferring money which is begun with the originator’s payment order, made for specific purpose to the designated beneficiary, and completed upon acceptance by the beneficiary’s bank.

Wire Services

When you need to conduct financial transactions with your foreign counterpart, Cathay United Bank can handles your incoming and outgoing funds transfers quickly and efficiently through our network of foreign correspondent banks.

   Telegraphic Transfer Application Form

   Inward Remittance Guide

All forms are in PDF format and require Acrobat Reader to be viewed. If you don't have Acrobat Reader,   download it now.

Inward Remittances
Telegraphic Transfer
Overseas Transfer
0.1% commission; min USD10.00
Domestic Transfer
USD5.00
Outward Remittances
Telegraphic Transfer
Overseas Transfer
0.20% commission; min USD15.00
+ cable USD20.00
Domestic Transfer
0.05% commission; min USD5.00
Demand Draft

Demand draft can be used to make non-urgent payments in Singapore with stated amount in SGD currency or USD to a named beneficiary. Our overseas correspondents will pay your beneficiary when the demand draft is deposited and cleared by the beneficiary's bank.

Debit from Accounts or Payment by Cash
0.22% commission; min USD20.00
+ cable USD20.00

  Demand Draft Application Form

Format and require Acrobat Reader to be viewed. If you don't have Acrobat Reader,   download it now.

Cashier's Order

In situations whereby the beneficiary does not accept cash or personal cheques, you will then need a Cashier's Order which is a cheque issued by our Bank, payable to the payee as indicated by the person who buys the Cashier's Order.

Sale of Cashier's Orders
USD10.00 per cashier's order

  Cashier's Order Application Form

Format and require Acrobat Reader to be viewed. If you don't have Acrobat Reader,   download it now.

Amendment
Telegraphic Transfer
USD20.00 cable
Note
  • All commissions and charges are subject to change at the Bank's sole discretion.
  • Third party and other charges which may be applicable will be charged accordingly.
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Remittances