What is the “Change GIRO Payment Limit” service for?
This service allows you to change the payment limit of your existing GIRO Arrangements under your DBS and POSB accounts. You are allowed to update multiple payment limits of your accounts in one transaction. Each update will be assigned to a unique transaction reference number.
When will my request to change my GIRO payment limit be effective?
Your request to change to the new GIRO payment limit will be effective immediately. During this processing period, please refrain from submitting a similar request through our DBS or POSB Branches, Call Centre or by mail.
What are the accounts and existing GIRO arrangements available for changing GIRO payment limit?
You can change your GIRO payment limit of your existing GIRO Arrangement under your DBS and POSB accounts. Accounts with existing GIRO Arrangement available for update are as follows:
Please note that GIRO Arrangement under a Joint-All account or Trust-Minor account will not be available for change of payment limit.
Why is my request to update my GIRO payment limit rejected?
The system only allows one payment limit update per GIRO Arrangement in one day. Any additional requests will be rejected by the system. Please try again the next day if this error occurs.