Purchase a Demand Draft

Purchase a foreign currency cheque easily via iBanking, and have it mailed or self collected.

Banking Part of: Guides > iBanking

You can purchase a Demand Draft easily using iBanking:

  • Log in to iBanking with your User ID and PIN.
  • Select Transfer and click on More Transfer Services.
For Mail:
Follow these steps to add a Demand Draft Recipient
  • Under Other Services, click on Purchase Demand Draft (Mail).
  • Log in with your 6-Digit iB Secure PIN.
  • Select the Recipient's Name.
  • Indicate the Currency of transfer.
  • Indicate your Contact Number and select the Account you wish to use.
  • Indicate the Amount you would like to transfer.
  • Click Next.
  • Verify the details and click Submit to apply for your Demand Draft.
For Self-Collection:
  • Under Other Services, click on Purchase Demand Draft (Self-Collect).
  • Log in with your 6-Digit iB Secure PIN.
  • Indicate the Recipient's Name and Address.
  • Indicate the Recipient's Country and Currency of transfer.
  • Indicate the Amount you would like to transfer.
  • Select your Preferred Collection Branch from the below list.
    • DBS Bishan Branch
    • DBS Holland Village Branch
    • DBS Jurong Point Branch
    • DBS MBFC Branch
    • DBS Plaza Singapura Branch
    • DBS Raffles City Branch
    • DBS Raffles Place Branch
    • DBS South Bridge Branch
    • DBS Tampines Centre Branch
    • DBS Thomson Branch
  • Click Next.
  • Verify the details and click Submit to apply for your Demand Draft.
Notes
  • Available in 6 foreign currencies: US Dollar, Yen, Australian Dollar, Euro, Hong Kong Dollar and Sterling Pounds.
  • Upon submission, it will take up to 2 working days for DBS Bank to mail out the Demand Draft. The time it takes for the Demand Draft to reach the recipient is dependent on the country it is being mailed to.
  • A commission fee of 1/8% of S$ equivalent of remittance amount, subject to minimum S$5.00 and maximum S$100.00, is charged for every Demand Draft that is mailed, plus any additional postage charges.
  • Postage charges are S$2.50 for delivery to a local address, and S$4 for overseas delivery depending on which country the demand draft is being mailed to. All delivery will be by registered post. This commission charge and postage charges will be debited from your account only at the point of processing, and are non-refundable.
  • If you apply before 1200 hr (Monday to Friday), your demand draft can be collected from the branch between 1600 hr and 1700 hr on the same day. If you apply after 1200 hr (Monday to Friday), or on Saturdays, Sundays and Public Holidays, you can collect your demand draft after 1200 hr on the next business day.
  • Maximum amount per Demand Draft is S$10,000.
  • Demand Drafts are valid for payment within 6 months from the date of issuance.

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