Demand Draft

Frequently Asked Questions

1. What is the validity period for a Demand Draft?
   Demand Drafts are good for payment within 6 months from the date of issuance.
2. Can I cancel a valid or expired draft? Are there any charges?
   Yes, you may. Please submit your cancellation request together with the original Demand Draft at any of our branches. We will credit the funds to your designated account. There is no charge for cancellation.
3. Can I request for a '’Stop Payment’' on a Demand Draft? What are the charges?
   Yes, you may by submitting your request for "Stop Payment" at any of our branches. There will be a handling charge of S$15 plus cable charge of S$20 and agent bank charges (where applicable).

   Please note that stop payment can only be placed if a draft has been lost, stolen or destroyed.

   Upon receiving a confirmation from the drawee bank that the Demand Draft has not been paid, we will return the funds to your designated account.

4. Can I amend the beneficiary’s name on the Demand Draft? What are the charges?
   Yes, you may. Please submit your request for amendment together with the original Demand Draft at any of our branches. We will re-issue a Demand Draft with the amended beneficiary’s name. There will be a handling charge of S$10 for the amendment.
5. Which are the selected branches where I can collect Demand Draft purchased via iBanking?
   

   The selected DBS branches are:

   1. DBS Bishan Branch
   2. DBS Holland Village Branch
   3. DBS Jurong Point Branch
   4. DBS Plaza Singapura Branch
   5. DBS Raffles City Branch
   6. DBS Raffles Place Branch
   7. DBS Shenton Way Branch
   8. DBS South Bridge Branch
   9. DBS Tampines Centre Branch
   10. DBS Thomson Branch