Import Services

Inward Bill Collection (DA/DP)

Facilitate your trade activities with our documentary collection service

Save time and take delivery of your goods quickly with DBS Inward Bill Collection services, one of our many industry-recognised trade finance solutions. We handle the processing of documents and payments to your sellers so you can 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.

 

Why choose DBS Inward Bill Collection?

  • Enjoy the convenience of island-wide collection through one of our Trade Document Counters at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan)
  • Stay informed with AUTOFAX or IDEAL™ (our online banking platform) notifications that let you know when we receive documents
  • Access our Inward Bill Collection services without the need for a credit facility
  • Enjoy same day processing of your documents when you submit forms any time before 6pm (on a working day). We offer one of the latest cut-off times in Singapore for your convenience
  • Build relationships with suppliers all over Asia through our extensive and efficient communication network that allows for speedy document processing

 

Pricing


Item

Pricing

Commission

1/8% flat, min SGD 80

Amendments

DBS account holder: SGD 30
Non-DBS account holder: SGD 60

Re-presentation charge

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

Holding fee

S$50 per month after 2 months

 

FAQs

Do I need a credit facility for this product?

No, you do not need a credit facility to utilise this product.

How do I know the documents have arrived with DBS?

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.

How long does it take DBS to process the documents?

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.

How do I instruct DBS to accept or reject the document?

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™.

Where do I collect the documents?

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).

Get In Touch

DBS BusinessCare 1800 222 2200

Get In Touch

DBS BusinessCare 1800 222 2200