![]() | Step 1 Step 2 Step 3 Step 4 Step 5 Note: Funds will only be debited when your recipient cashes out. Learn more here. |
![]() | Step 1 Step 2 Step 3 Step 4 Note: Funds will be debited immediately from your account once you submit this EDP+. The funds will be held with the bank while waiting for your recipient to cash out. Learn more here. |
![]() | Step 1 Step 2 Step 3 Step 4 2 For cancellation of EDP+, please visit any DBS/POSB branch. Learn more here. |
![]() | Step 1 Step 2 Step 3 Step 4 Learn more here. |
This convenient feature allows you to schedule an automatic cash out of your future-dated EDP/EDP+ on its effective date!
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EDP and EDP+ are two new e-payment solutions introduced on 28 Jul 2025 that complement existing solutions such as PayNow, FAST, GIRO and MEPS+. Specifically, EDP and EDP+ can be used to make deferred payments in place of cheques.
The key difference between these solutions lies in when funds are deducted from the sender’s account:
DBS will waive EDP/EDP+ fees until further notice.
You will need digibank access and a current or savings account to get started.
If you have not signed up for digibank, you may apply for access here.
Please update your digibank mobile app to the latest version.
For senders, EDP and EDP+ can be used to make deferred payments and indicate an intent to pay without the need for a physical cheque.
While FAST and PayNow remain suitable for instant and same-day transactions, EDP and EDP+ are designed for scenarios that require deferred payments or refundable deposits.
No, EDP/EDP+ services are available 24/7.
If both sender and recipient are banking with DBS:
If the sender is banking with another bank:
No, EDP and EDP+ is only available for domestic payments in SGD.
Combating scams requires the effort and cooperation of everyone – banks, ecosystem players and also customers. Public awareness and staying vigilant are key – and we will continue their efforts to keep you abreast of prevailing and emerging scam methods and remind them to stay alert.
Customers should:
Customers should:
Yes, retail users will still be able to issue and deposit SGD cheques after 2026. This includes the issuance of retail cheques for payment into corporate accounts.
Retail customers in receipt of cheques issued by a corporate should present their cheques for clearing well before 1 Jan 2027, to ensure that their cheques can be processed before the deadline.
To ensure that the banking needs of seniors are well met going forward, customers who are aged 60 years old and above as of 31 December 2025 will remain eligible, until further notice, for the waiver of cheque issuance fees after 31 Dec 2025.
Cashier's orders remain available for corporates and retail users.
USD cheques remain available for corporates and retail users.
Retail cheques, cashier’s orders and USD cheques will continue to be available to serve users that require more time to transition to alternative payment methods. MAS, ABS and the industry will continue to monitor cheque usage and provide updates on any changes to the timeline or availability of these payment methods following future reviews. In the meantime, retail users are encouraged to explore and adopt digital alternatives where possible.