What is Interbank GIRO (IBG)?
Interbank GIRO (IBG) is an arrangement whereby you authorize the Bank to deduct money from your account and pay to an organization/ merchant on a regular basis. The arrangement requires no further action from you once it has been set up, except that you should ensure there's sufficient funds in your account at time of deductions.
Can I view all my IBG linkages online?
Yes. You can view all the IBG linkages under your DBS/ POSB accounts on "Interbank GIRO Enquiry". Note that linkages that have been terminated for more than one year will not be shown.
Can I apply for IBG online?
Yes. You can apply for IBG using the "Interbank GIRO Application" service. The selected list of organizations you may apply for includes government bodies, statutory boards, insurance companies, telephone companies, and more. You may apply IBG linkages for your personal or joint-alternate DBS/ POSB Savings/ Savings Plus/ Current/ Autosave account, which will be effective in about 14 days after date of application.