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: EDP: Funds are deducted from the sender’s account only when recipient requests payment, i.e. upon cash out of the EDP. EDP+: Funds are deducted immediately from the sender’s account upon issuance of the EDP+, ensuring the amount cannot be used for other transactions. This reduces the risk of non-payment due to insufficient funds in the sender’s account, providing greater assurance to recipients as compared to EDP.

Will I be charged fees for using EDP or EDP+?

DBS will waive EDP/EDP+ fees until further notice.

What do I need to do to start using EDP and EDP+?

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 .

I cannot find EDP on my digibank mobile app

Please update your digibank mobile app to the latest version.

What are some instances that I can use EDP and EDP+?

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.

Is there a cut off time to issue or receive an EDP or EDP+? When can I cash out an EDP or EDP+?

No, EDP/EDP+ services are available 24/7.

When will I receive the actual funds after cashing out the EDP or EDP+?

If both sender and recipient are banking with DBS: Funds will be credited to recipient on the same day after cash out is successful. If the sender is banking with another bank: The settlement of funds is dependent on the cut off time of the sender bank. For cash outs before the sender bank’s cut off time, funds will be received on T+1 business day (BD). For cash outs after the sender bank’s cut off time, funds will be received on T+2 BD.

Can I issue a USD EDP or EDP+?

No, EDP and EDP+ is only available for domestic payments in SGD.

How can you be safe from scams when using e-payments?

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: Not share your bank account details, password and OTP with anyone Pay close attention to notification alerts sent. According to MAS’ E-Payments User Protection Guidelines, a bank account holder needs to provide their bank with the required contact information and enable notification alerts on any device used to receive the alerts via channels such as SMS, email or in-app push notification Use digibank mobile app to execute transactions Not transfer money to anyone you do not know Not click on links and QR codes received in mobile text messages and e-mails Customers should: Not downloading software or apps that are not found on official sources Disabling “install unknown app” or “unknown sources” in device settings Staying vigilant in granting app permissions Installing the latest anti-virus apps in your devices Keeping the operating system of your devices updated so that the device may be protected with the latest security patches

Will retail users still be able to use SGD cheques after 2026?

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.

Will cheque issuance fees continue to be waived for seniors after 31 Dec 2025?

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.

Will cashier’s orders remain available for retail users?

Cashier's orders remain available for corporates and retail users.

Will USD cheques remain available for retail users?

USD cheques remain available for corporates and retail users.

When will retail cheques, cashier’s orders and USD cheques be phased out?

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.

Electronic Deferred Payment (EDP)

EDP is a digital alternative to cheques and cashier’s orders, allowing future-dated payments with traceability and 24/7 access.

Seamless recipient Search: Easily search for recipients using PayNow or account number.¹

Digital Convenience on-the-go: Send or receive an EDPs digitally anytime, anywhere, through digibank for ultimate flexibility.¹

Effortless Tracking & Management: Stay informed with simple and convenient tools on digibank to manage and track the status of your EDP.

Electronic Deferred Payment (EDP): Your digital alternative to cheques and cashier’s orders

Overview

Benefits

Issue an EDP/EDP+

Cancel an EDP/EDP+

Cash out an EDP and EDP+

Reject an EDP/EDP+

FAQ

Key benefits of EDP

EDP/EDP+ is faster

EDP/EDP+ is a faster option compared to issuing or receiving cheques.

EDP/EDP+ is convenient

Unlike cheque that can be damaged, misplaced or incur delays due to incorrect signature, there are no such inconveniences when it comes to EDP -100% digital!

EDP/EDP+ does not need any special accounts

Unlike cheques which can be issued only if you hold chequing accounts, an EDP/EDP+ can be issued from any Current or Savings Account.

Sending and receiving an EDP/EDP+

Sending an EDP/EDP+	Expecting to receive an EDP/EDP+
Search your recipient easily via PayNow or account number Track status of your EDP digitally Get notified in real-time when your recipient acts upon your issued EDP.	Track status of received EDP. Cash out easily with a tap on digibank Get notified in real-time when you receive an EDP.

Difference between EDP and EDP+.

EDP	EDP+
Funds are only debited when the EDP is cashed out Effective date can be up to 6 months ahead Valid for 6 months from effective date	Funds are debited immediately upon issuance of the EDP+ Effective date is fixed as the next calendar day Valid for 6 months from effective date

Issue an EDP/EDP+

Issue an EDP Issue an /EDP+

Learn more

Note: Funds will only be debited when your recipient cashes out.

Cancel an EDP/EDP+

For cancellation of EDP+, please visit any DBS/POSB branch.

Cash out an EDP and EDP+

Cash out a current/valid¹ EDP Auto cash out a future dated EDP/EDP+Stop auto cash out of a future dated EDP/EDP+

Learn more

¹Cash out date has to be within the effective and expiry dates

Reject an EDP/EDP+

How to manage your EDP/EDP+ notification

Step 1On digibank mobile, head over to [More], [App & Security settings], [Manage Notifications], [Digital transaction alerts], and EDP, iB Cheque and Demand Draft.

Step 2The default threshold for EDP/EDP+ notification alerts is set at S$100, with notifications sent via email, push notifications and SMS.

Step 3Tip: You have the flexibility to set your preferred threshold amount for incoming and outgoing notifications.

Frequently Asked Questions

About EDP/EDP+Retail Cheques

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:

EDP: Funds are deducted from the sender’s account only when recipient requests payment, i.e. upon cash out of the EDP.
EDP+: Funds are deducted immediately from the sender’s account upon issuance of the EDP+, ensuring the amount cannot be used for other transactions. This reduces the risk of non-payment due to insufficient funds in the sender’s account, providing greater assurance to recipients as compared to EDP.

Electronic Deferred Payment (EDP)

Key benefits of EDP

EDP/EDP+ is faster

EDP/EDP+ is convenient

EDP/EDP+ does not need any special accounts

Sending and receiving an EDP/EDP+

Sending an EDP/EDP+

Search your recipient easily via PayNow or account number Track status of your EDP digitally Get notified in real-time when your recipient acts upon your issued EDP.

Difference between EDP and EDP+.

EDP

Funds are only debited when the EDP is cashed out Effective date can be up to 6 months ahead Valid for 6 months from effective date

Issue an EDP/EDP+

Cancel an EDP/EDP+

Cash out an EDP and EDP+

Reject an EDP/EDP+

How to manage your EDP/EDP+ notification

Frequently Asked Questions

Download digibank

Search your recipient easily via PayNow or account number

Track status of your EDP digitally

Get notified in real-time when your recipient acts upon your issued EDP.

Funds are only debited when the EDP is cashed out

Effective date can be up to 6 months ahead

Valid for 6 months from effective date