Electronic Deferred Payment (EDP)

Issue an EDP

Step 1
Log in to digibank Mobile. Tap Pay & Transfer, EDP and click Issue a new EDP/EDP+.

Step 2
Select your recipient’s PayNow proxy or account number.

Step 3
Select your Debiting account, input Transfer amount, select EDP.

Step 4
Select a date to cash out this EDP and tap Next.

Step 5
Review your details and tap Submit.

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

Learn more here.

Issue an EDP+

Step 1
Log in to digibank Mobile. Tap Pay & Transfer, EDP and click Issue a new EDP/EDP+.

Step 2
Select your recipient’s PayNow proxy or account number.

Step 3
Select your Debiting account, input Transfer amount, select EDP+.

Step 4
Review your details and tap Submit.

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
Log in to digibank Mobile. Tap Pay & Transfer, EDP and click Status, Issued.

Step 2
Tap onto the EDP that you wish to cancel.

Step 3
Select Cancel EDP, input your Reason for Cancellation and press Cancel EDP again.

Step 4
Your EDP is cancelled.

² For cancellation of EDP+, please visit any DBS/POSB branch.

Learn more here.

Step 1
Log in to digibank Mobile. Tap Pay & Transfer, EDP and click Status, Received.

Step 2
Tap on the EDP that you wish to cash out and Select Review & Cash Out.

Step 3
Review the EDP details, Tap onto Cash Out and Confirm.

Step 4
Your EDP is cashed out and funds will be credited within 2 working days.

Learn more here.

Auto cash out a future-dated EDP/EDP+

This convenient feature allows you to schedule an automatic cash out of your future-dated EDP/EDP+ on its effective date!

Step 1
Tap on the future-dated EDP and Select Review & Cash Out.

Step 2
Review the EDP details, Tap onto Auto cash out and Confirm.

Step 3
Your EDP will be automatically cashed out on the effective date.

Stop auto cash out of a future-dated EDP/EDP+

Step 1
Tap on the future-dated EDP and Select Review & Cash Out.

Step 2
Review the EDP details, Tap onto Stop auto cash out and Confirm.

Step 3
Your EDP will not be automatically cashed out on the effective date.

Step 1
Tap onto the notification OR Log in to digibank Mobile. Tap Pay & Transfer, EDP and click Status, Received.

Step 2
Tap on the EDP that you wish to Reject and Select Review & Cash Out.

Step 3
Review the EDP details, Tap onto Reject and Confirm.

Step 4
Your EDP is rejected.

• On digibank mobile, head over to [More], [App & Security settings], [Manage Notifications], [Digital transaction alerts], and EDP, iB Cheque and Demand Draft.
• The default threshold for EDP/EDP+ notification alerts is set at S$100, with notifications sent via email, push notifications and SMS.
• Tip: You have the flexibility to set your preferred threshold amount for incoming and outgoing notifications.

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.

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:

• 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.

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:

• 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

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.