Facilitate your trade activities with our documentary collection service
Save time and take delivery of your goods quickly and efficiently with our Inward Bill Collection services. We act as your agent, handling the processing of documents and payments to your sellers on your behalf. This is a common payment mechanism for buyers that enables you to focus on building your business.
Documents against Acceptance (DA)
For DA, DBS releases the import documents to the buyer upon his acceptance of the bills of exchange/draft. We promise to pay on a fixed date.
Documents against Payment (DP)
For DP, DBS releases the import documents to the buyer once he’s paid.
How does Inward Bill Collection (DA/DP) work?
Why choose DBS Inward Bill Collection?
1/8% flat, min SGD 80
DBS account holder: SGD 30
Charged as a new transaction
Tracers for import/export collections
SGD 30 each (all-in)
Import / Inward DC Document released free of payment
1/8% flat. Min S$80
S$50 per month after 2 months
No, you do not need a credit facility to utilise this product.
Our trade operations officer will inform you when your documents arrive either by phone or fax. However, if you are using IDEAL™, we will notify you through the system.
Generally if your application is within banking facilities and documents are complete and in order, we can process it on the same day if we receive it at our MBFC or Toh Guan Trade Counters before 6pm.
We will send you a payment instruction letter by fax. Simply select “accept” or “do not accept” in the letter and return it to our trade operations team by hand (or fax if you have signed for fax indemnity). Alternatively, you can provide payment instructions through IDEAL™.
Our trade operations officer will contact you and arrange the collection location with you. Currently we have four Trade Document Counters available at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan).