Online Demand Draft

Online Demand Draft

Service Charges

Demand Draft (DD)
Handling commission
Account-holder 1/8% of S$ equivalent of remittance amount, subject to minimum S$10 and maximum S$120 (minimum S$5.00 for applications via DBS iBanking)
Commission-in-lieu of exchange where no foreign exchange is involved
- If debiting from customer's foreign currency account Waived
Postage charge Where applicable
Agent bank charges Where applicable
Standing Order (SO) for DD
One-time sign up fee S$20
Amendment fee S$10
Processing charges for DD of handling commission, commission-in-lieu of exchange, postage charge and agent bank charges (where applicable) in above table will apply.
Stop Payment S$15 service charge plus cable charges of $20 and agent bank charges (where applicable) per draft
Amendment S$10 per draft
Cancellation Free