Also known as Demand Draft (PayEasy). With this service, DBS can mail foreign cheques on your behalf.
A demand draft is a written order issued by DBS to our overseas correspondents to pay a stated amount (foreign currency or SGD) to your receiving party. DBS or our overseas agent will pay your receiving party when the demand draft is deposited and cleared by the receiving party’s bank.
If you need to make fixed payments to the same overseas party regularly (eg. monthly, bi-monthly, quarterly, half-yearly, yearly), you may sign-up for our standing instruction. Simply provide a one-time instruction to the bank to issue a demand draft for the fixed amount based on the frequency you have specified.
Go online and request for Demand Draft (PayEasy) via iBanking to enjoy lower commission and charges. No queues and lower fees! Login to iBanking now.
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Alternatively, you may visit any of our branches to request for Demand Draft.
Click here to locate a branch or an ATM.