Domestic Funds Transfers

GIRO Payroll

Pay your employees faster with our secure and convenient solution

Save time and money by paying your employees through DBS GIRO payroll each month. Simply submit your payment files through IDEAL™, our online banking platform, and we’ll process your payroll for you without the need to withdraw cash or issue cheques. And if your employees hold an account with DBS or POSB, you will enjoy a faster turnaround time.

 

Why choose DBS GIRO Payroll?

  • Improve your cash flow and ensure your employees are paid quickly with our timely transaction processing
  • Save time and money by eliminating the need to issue cheques
  • Enjoy greater convenience with cut-off times that are later than most banks
  • Monitor expenditure with our daily transaction reports and simplified account reconciliation process
  • Create multiple transactions in one file for greater convenience
  • Protect against fraud with our safe and secure hash total and encryption features

FAQs

Why should I pay my employees via GIRO?

GIRO offers a secure and convenient way to pay your employees. You can save time and money by removing the need to carry large amounts of cash or issuing cheques on payday. We also offer preferential benefits such as extended cut-off times when you pay to DBS or POSB account holders.

I currently use another bank for GIRO payroll and import my file into their Internet banking platform. Will system changes be required if I switch to DBS?

The file formats used by IDEAL™ are supported by most payroll and account payables packages, so it is unlikely system changes will be required.

If I realise there’s an error in my payroll instructions after I've submitted them to the bank, can I amend the payment?

For security reasons, DBS does not allow you to make amendments to payment instructions once they have been filed. However, you can stop the payment from being made and make alternative arrangements with your employee.

 

How do I apply?

Simply call us at 1800 222 2200, or +65 6222 2200 if you are calling from overseas to apply. Alternatively, please speak with your relationship manager.

Not a DBS SME Banking customer? Enjoy IDEALTM set-up and monthly fee waivers* by starting your DBS Business Account application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
*Terms & Conditions apply

No Minimum Balance Requirement
No Minimum Balance Requirement

The new Digital Account comes with NO MINIMUM BALANCE required. Apply online in 5 minutes.

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“Our relationship manager was instrumental in linking us to the various departments in DBS for our banking requirements and making the transfer of our banking transactions to DBS seamlessly easy.”
Mr Johnny Yeo
Mr Johnny YeoCFO, Director (Corp Services)

TMC Education Corporation Ltd

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