Cash Management

No matter wherever you are and whatever currency you transfer as well as whether you are using a personal account or a corporate account, all transfers between all DSBC Financial Europe (DSBC) clients are free and unlimited in all currencies supported by DSBC.

There are a few things that you need in order to transfer funds to the right recipient. First of all, you and the one you transfer to would need either a personal current account or corporate current account with DSBC. Secondly, you need to login to your online banking on our website (DSBCnet) or our DSBC mobile app and choose the option to transfer money within the DSBC network and input your receiver account number for the transfer and the amount you want to transfer and that’s it, now you only need to wait for the money to be credited to your account or to your recipient’s account, this will normally take a few seconds.

At DSBC, we offer a very competitive fee for transferring funds within the DSBC network as well as to other banks across the globe. We don’t define international transferring as a different kind of transferring so you would not be charged extra for transferring internationally compared to normal transferring outside of the DSBC network. In addition to that, DSBC also provides customers with international cash management services as an extension for our current account. These services would ensure that our customers could manage their transactions effortlessly and also to make sure the transactions would reach the destination.

Another inherent part of international transfer is exchange rate, we offer the best possible exchange rate for your transaction, better exchange rate would be applied to your transfer the larger the fund transferred is. If you have registered a multi-currency account with us, you would be able to send and receive money in any foreign currency you want without the need to exchange. The only restriction is that the foreign currency of your choosing must be in our list of supporting currencies so please contact our relationship manager to find out more about which currencies we support. 

When it comes to wire transfer, the processing time can reach to a week or more. However, clients can transfer funds faster with DSBC Financial Europe with low fees. We offer various options for you to meet your demands. In general, it takes 2 business days to complete a remittance, but you can choose D or D+1 options which mean you can transfer your funds in the instructing day or the following day respectively. Please refer to the links below for more details:

• Outward remittance charges for Personal account
• Outward remittance charges for Business account

With SEPA Instant Transfer, clients can make instant payments up to 15,000 EUR any time between European banks who are members of the SEPA Instant system. With our online banking website (DSBCnet) or DSBC mobile apps, you will be able to access all the internet cash management services but also finish international transfer in just a few minutes.

DSBC Financial Europe is a member of SEPA Instant, so our clients can make INSTANT transfers amounting up to 15,000 EUR within minutes, every day of the week to any bank also in the SEPA Instant network. Transfers are only charged a flat 5 EUR for each personal or corporate client and can be carried out an unlimited number of times if both the recipient and the sender are in SEPA Instant. 

If the bank you transfer to is not in that network then the transfer would be counted as a normal transfer, which would take 3 working days for normal transfers and as quickly as the same working day for urgent one with higher fees. You can refer to our personal and corporate account fees for more information on time and cost of transferring.

See more:

• Outward remittance charges for Personal account
• Outward remittance charges for Business account

If you are looking for an online foreign currency account then the short answer is yes, DSBC Financial Europe (DSBC) offers multi-currency accounts which can be opened easily by contacting our Relationship Managers and you will be able to access this account like your main current account. You can also keep the money in different currencies for easy transferring or online payment from that account without suffering the poor exchange rate for small transactions.The only restriction for this account is that the currency you wish to keep for trading must be in the list of supported currencies from DSBC and one base currency for each multi-currency account you want to open you can contact our customer support or your dedicated relationship manager for more information about this list. 

This multi-currencies account feature will be included as soon as you have either a personal and corporate current account, but you would need to let us know if you want to open it and which currency you want to trade in.

We believe the services that you are looking for is the online foreign currency exchange service, this is one of our core features to encourage corporate as well as personal customers to make transactions online without worrying about miniscule details.

If you are wondering what benefits you would get from exchanging currency online via our DSBC network, then we got you covered right here. Different from other traditional banking services, we offer you a way to view the exchange rate and how much you would get in real-time from our DSBC relationship manager. You can then compare our rate to other banks if you choose to do so. But our service would not stop there, we also offer a much better rate if your exchange amount exceeds 5,000EUR. Please contact our customer service for the full updated rate for large amount exchange.

Moreover, with the benefit of having a multi-currency account feature included with your current account, you can exchange larger amounts with better exchange rates to save up for future online transactions.