Why Inward and Domestic Transfers (IDT) Are a Smart Move for Your Business

admin cys
Aug 21
2 min read

A Report by CYS Global Remit Digital Media Marketing Team

In today's fast-paced business environment, payments come from all directions—overseas clients, local suppliers, regional partners, and international staff. Managing them can be time-consuming, costly, and frustrating, especially with bank delays and hidden charges.

This is where Inward and Domestic Transfers (IDT) come in—a powerful solution for businesses looking to move money quickly, efficiently, and hassle-free.

Let's explore how it works and why it's beneficial for your operations.

What Is IDT?

At CYS Global Remit, IDT stands for Inward & Domestic Transfers. Simply put, it allows you to:

Receive funds from overseas (Inward) in major currencies like USD, EUR, HKD, and more.
Convert those funds into Asian currencies such as CNY, THB, IDR, MYR, and others.
Make local payments (Domestic Transfer) to suppliers, employees, or service providers—all without sending the funds back overseas.

It’s a seamless process: from receiving the money to making local payments, everything is managed smoothly in one chain.

Common Use Case

Imagine your client in the US pays you in USD, but your vendor in Indonesia wants payment in IDR. With IDT, CYS Global Remit can:

Receive your USD into a designated account.
Convert it to IDR at a competitive foreign exchange rate.
Pay your Indonesian vendor through local payment channels—quickly and fully credited.

Result? No double-handling, no extra overseas bank fees, and no unnecessary delays.

Why IDT Beats the Traditional Route

IDT simplifies cross-border payments while providing clear business advantages:

Saves Time: No more waiting 3–5 business days for funds to clear across borders.
Lower Fees: Avoid intermediary bank charges and hidden deductions.
Better FX Rates: Optimized conversions using CYS’s regional liquidity.
Simplified Workflow: One provider handles the entire process, end-to-end.
Supports Business Growth: Ideal for SMEs expanding across Asia.

Who Should Use IDT?

IDT is perfect for:

Importers and exporters working with regional suppliers.
Digital agencies and service providers with overseas clients.
SMEs earning in foreign currencies but spending locally.
Payroll teams managing cross-border salary payments.

If your funds come from abroad but are ultimately spent locally — or vice versa — IDT is the smart, efficient way to manage your payments.

Final Takeaway

Your business shouldn’t lose time or money simply because you deal in multiple currencies or countries. With Inward and Domestic Transfers from CYS Global Remit, you can turn cross-border complexity into local simplicity.

From overseas clients to local payouts — all in one seamless flow.