Funds Transfer

Key Features

Transfer funds within Baiduri Bank i.e. to your company’s own accounts or third party accounts.

Transfer funds to another local bank in Brunei either via Automated Clearing House (ACH) or Real Time Gross Settlement (RTGS).

Transfer funds to a bank abroad (Telegraphic Transfer).

Submit application for Demand Draft.

On recurring basis by setting up a Standing Instruction.

Cancel standing instructions and future dated transactions.

In the future (Future Dated) – by specifying a future date when you want the transfer to be made.

Update beneficiary details.

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Benefits

Make payments easily by transferring funds to your suppliers and businesses partners with just a few clicks.

Easy transfer methods with clear intuitive steps
Easy to track all transfers that has been made
Efficient payment system
Immediate transfers

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Note:

Cut-off time for Fund Transfers to other local banks are as follows:

ACH type of fund transfers: 12:00pm (Monday to Friday)

RTGS type of fund transfers: 12:00pm (Monday to Friday)

Cut-off time for Overseas Telegraphic Transfers (OTT) for same-day and same-value processing are as follows:-

2:00pm (Monday to Friday)
10:30am (Saturday)

Transfers made after the cut-off time will be processed the next working day.

Note:

The cut-off time for Fund Transfers are as follows:

To another local bank

ACH transfers: 12.00pm (Monday to Friday)

RTGS transfers: 12.00pm (Monday to Friday)

To an overseas bank

12.00pm (Monday to Friday)

10.30am (Saturday)

Requests submitted after the cut-off time and on Sunday or public holidays will be processed the next working day.

Note:

Cut-off time for Fund Transfers to other local banks are as follows:

ACH type of fund transfers: 12:00pm (Monday to Friday)

RTGS type of fund transfers: 12:00pm (Monday to Friday)

Cut-off time for Overseas Telegraphic Transfers (OTT) for same-day and same-value processing are as follows:-

2:00pm (Monday to Friday)
10:30am (Saturday)

Transfers made after the cut-off time will be processed the next working day.

Note:

With effect from 3 May 2023, the following cut-off times apply:

Through b.Digital Personal and b.Digital Business

Through branch counters

Local Bank transfers
(ACH* & RTGS**)

* ACH: Automated Clearing House
** RTGS: Real Time Gross Settlement

Monday to Friday

2:00pm

Monday to Friday

12:00pm

All transactions will be valued the same day upon cut-off time.
Requests submitted after the cut-off time and on Saturdays, Sundays or public holidays will be processed the next working day.

Through b.Digital Personal and b.Digital Business

Through branch counters

Transfers to overseas banks

Monday to Friday

2:00pm

Saturday

10:30am

Monday to Friday

12:00pm

Saturday

10:30am

SGD and other foreign currency transfers less than BND10,000 will be valued on the same day. Transfers of foreign currencies more than BND10,000 will be valued within two working days, subject to beneficiary bank’s public holidays.
Requests submitted after the cut-off time, Sundays or public holidays will be processed the next working day.

Required Documents
Fees & Charges
Terms & Conditions

Required Documents
Required Documents
Copy of IC/Passport of all applicants
Copy of Certificate of Incorporation or Certificate of Registration (Section 16)
Copy of Form X, Particulars of Directors or Managers, or Business Registration (Section 17)
Directors Resolution (for limited companies only)
Fees & Charges

Fees & Charges
view our general tariffs
Terms & Conditions

Terms & Conditions
view our Terms & Conditions

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