Get ProtectedRemittance
Funds Transfer for a customer is possible by:
- Purchasing a Cashier’s Order
- Purchasing a Demand Draft
- Instructing for Telegraphic Transfer
Cashier’s Order
A Cashier’s Order (CO) is a cheque issued by the Bank, payable to a payee as indicated by the person who buys the CO. It is often used in situations when the beneficiary does not accept cash or personal cheques.
Account holders can log into Standard Chartered iBanking to perform a CO quickly and efficiently.
Benefits
- Withdraw or transfer funds from your accounts without carrying cash.
- Your beneficiary can choose to deposit the CO into any local bank account or obtain cash at any local Standard Chartered branch.
Demand Draft
A Demand Draft (DD) is a written order issued by the Bank on your behalf, to pay your beneficiary a specified sum of money. It is similar to a Cashier's Order, but drawn on our overseas correspondent banks.
The speed of remitting funds via a demand draft will be slower compared to a telegraphic transfer.
Benefits
- Send money in various currencies to most part of the world
Telegraphic Transfer
A Telegraphic Transfer (TT) is a faster mode of remitting funds from one country to another. Instructions of payment are sent by one bank branch to another using modern communication channels like SWIFT. Payment should be received within a few days depending on the currency, destination, period, and the agent bank used.
Account holders can log on to Standard Chartered iBanking to perform a Telegraphic Transfer quickly and efficiently.
Benefits
- Faster mode of payment
- Beneficiary’s account at overseas gets credited directly
- Send money in various currencies to most parts of the world
Bank’s Terms and Conditions apply