Domestic Funds Transfers
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?
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.
The file formats used by IDEAL™ are supported by most payroll and account payables packages, so it is unlikely system changes will be required.
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
TMC Education Corporation Ltd