Cash & Cheque
Save time by depositing cash or cheques using our tamper-proof Deposit Bags
Avoid the queues and save time by using DBS’ tamper-proof Deposit Bags to deposit cash or cheques into your bank account. Each bag comes with a unique serial number for identification and tracking, and has a tamper-evident seal to prevent the unauthorised removal of its contents once sealed.
Why choose DBS Deposit Bag?
If you drop off your cash deposit bags before 4.30pm on weekdays or 1pm on Saturdays, you will receive the funds on the same day, or at the latest by the next working day.
If you drop off your cheque deposit bags before 3.30pm on weekdays, you will receive the funds after 2pm the next clearing day.
Receipts will be issued for Cash Deposit Bags deposited into the Cash Deposit Bag Machines. The receipt will contain the unique serial number of the Cash Deposit Bag together with the date and time of deposit. All deposits are subject to the bank count before cash will be credited to your account.
Our staff will stamp and sign a detachable flap on the Cheque Deposit Bags, which serves as an acknowledgement of receipt. This flap also bears the bag’s unique serial number for tracking.
The Deposit Bags are tamper-proof and kept under lock and key at the bank’s premises before they are opened for verification. Bags are opened either under supervision or a CCTV camera.
How do I apply?
Simply approach our DBS branch to sign up for our Deposit Bag service and we’ll give you bags to take away to your premises.
Not a DBS SME Banking customer? Enjoy IDEALTM set-up and monthly fee waivers* by starting your DBS Business Account application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
*Terms & Conditions apply