Foreign Currency Cheque Deposit

Depositing foreign currency cheques involves different processing times and fees depending on the type of cheque.

We encourage customers to receive funds via telegraphic transfer as a faster and often cheaper alternative to foreign currency cheques.
Postage, handling commission, agent/issuing bank charges, and any other applicable fees will be debited separately.

Type of Cheque	Charges by DBS	Funds available after
Local USD cheques cleared via Singapore USD Cheque Clearing System	US$1 per USD cheque	1 Working Day (deposited before 1pm)
Other Currencies (non-SGD) and USD (non- local clearing)	1/8% (min. S$10, max. S$100) per cheque	Minimum of 30 working days

To ensure a smooth deposit process, please note the following:

Cheque Details: For detailed instructions on completing your cheque correctly, please refer to our Deposit a Cheque guide.
USD Cheque Deposit Cut-off Time: The cut-off time for USD cheque deposits is 1 PM, Monday to Friday, at all branches.
US Treasury Cheques: Effective 24 Apr 2025, we will no longer accept these cheques. If deposited, we’ll return them to your registered address on file via registered mail.
Currencies Accepted: AED (UAE Dirham), BND (Brunei Dollar), CAD (Canadian Dollar), EUR (Euro), GBP (British Pound) (to cease on 15 Mar 2026), HKD (Hong Kong Dollar), JPY (Japanese Yen) (to cease on 15 Mar 2026), MYR (Malaysian Ringgit), MOP (Macau Pataca), THB (Thai Baht), USD (US Dollar) can be accepted.
MYR Cheques with Amendments: MYR cheques with amendments will be returned to your registered address on file via registered mail.
Foreign Currency Cheque Processing: Foreign currency cheques are sent for clearing, and your account will be credited once the funds are received.
Supporting Documentation: Supporting documentation (e.g., payment invoices, dividend advice, insurance statements) is required for MYR cheques exceeding MYR 10,000.00 and for all THB cheques.

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