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You can perform overseas transfers via SWIFT from your ANEXT Business Account in CNH, EUR, GBP, HKD, JPY, KRW, MYR, SGD, THB, and USD.
The daily transfer limit from your ANEXT Business Account for local and/or overseas transactions across all payment channels is $1 million (SGD equivalent).
You will be charged in the currency that you’ve initiated the transfer in. Please ensure your account has sufficient funds including any transfer-related fees before initiating the transfer.
Enjoy competitive flat fees for outward telegraphic transfers (OTTs) starting from US$10, S$15, CNH125 or €10 depending on the charge option you select.
You can select from one of the following charge options when performing OTTs without FX (Only for currencies CNH/EUR/SGD/USD that you hold in your ANEXT Business Account). For all other OTTs with FX performed, the charge option will default to ‘SHA’.
●BEN: Charges borne by the beneficiary
●SHA: Charges shared
●OUR: Charges borne by the remitter
Please refer to the fee schedule for more details.
OTT via SWIFT typically takes 1 – 5 working days. Do note that if your OTT is made before a weekend or public holiday, the transfer will only be processed on the next working day.
As a regulated financial institution, all transfers made from an ANEXT Business Account are subject to regular reviews and regulatory checks. As part of the checks, we may reach out to you for additional information. These checks are also conducted by the other parties involved such as the intermediary and beneficiary banks, which may result in delays to your OTT.
