dbs deposit bag

Deposit Bag

Tamper-proof and secure, anytime

Deposit Bag

Tamper-proof and secure, anytime

Important Notice:
Starting 1 November 2020, please retain the customer’s copy of the deposit slip for your own reference and only insert the bank’s copy into the cash deposit bag. 

At a Glance
Save time and deposit cash or cheques in tamper-proof bags.
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Unique

Each bag comes with a unique serial number for easy tracking

Sealed

Sealed

Prevent the unauthorised removal of bag contents once sealed

Accessible

Accessible

Deposit at DBS branches all over Singapore

Features & Benefits
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Added security

Each bag is tamper-proof and carries a unique serial number for easy tracking.

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Greater convenience

Deposit your cash and cheques at DBS branches all over Singapore

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Save time

Avoid the queues when you deposit your cash and cheques

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Easy tracking of cash deposits

Track the status of your cash deposits online for quick and easy reconciliation with our electronic deposit slip (eDS) service.

How to Apply

Simply approach our DBS branch to sign up for our Deposit Bag service and we will give you bags to take away to your premises.

Not a DBS SME Banking customer?
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply.

FAQs
Where can I drop off the Cash Deposit Bag?

You may drop off your Cash Deposit Bag at the Cash Bag Deposit Machine at any of these DBS/POSB branches:

DBS/POSB Branches with Cash Bag Deposit Machine
DBS Ang Mo Kio POSB Paya Lebar
DBS Bishan DBS Plaza Singapura
POSB Buona Vista DBS South Bridge
DBS Bukit Timah DBS Suntec City
DBS Choa Chu Kang DBS Tampines One
DBS Clementi DBS Thomson
DBS Harbourfront POSB Tiong Bahru
POSB Hougang Central DBS Toa Payoh
POSB Jurong Point DBS Towner
DBS Kovan DBS Westgate
DBS Marina Bay Financial Centre DBS Woodlands
DBS Parkway Parade  
When will I receive my funds?

Drop off your Cash Deposit Bags before 4.30pm (weekdays) or 1pm (Saturdays) to receive funds on the same day or the next working day. Drop off your Cheque Deposit Bags before 3.30pm (weekdays) to receive the funds after 2pm the next clearing day.

Will I receive an acknowledgement slip?

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 bag and the date/time of the deposit. All deposits are subject to the bank count before cash is credited to your account.

Our staff will stamp and sign a detachable flap on the Cheque Deposit Bags. This flap is an acknowledgement of receipt and bears the bag’s unique serial number for tracking.

How do I know my funds are safe?

Deposit Bags are tamper-proof and locked up at our premises. They are opened under supervision or in front of a CCTV camera.

How do I check the status of my cash deposit bags?

The funds deposited via the cash deposit bag will be credited by the next working day and reflected on your IDEAL statement. Refer to your IDEAL statement for amount verification.

If you would like to get real time updates on the status of your deposits, you may sign up for DBS’ electronic Deposit Slip service here.

When will I stop receiving the cash deposit slip?

In the event that both copies of the cash deposit slips are deposited between 1 November – 31 December 2020, customer’s copy will still be returned. However, we strongly encourage your company to adopt and familiarise yourselves with the updated process as the return of cash deposit slips will cease from 1 January 2021.

Am I required to keep the cash deposit slip?

Yes, please retain the customer’s copy for your reference and insert only the bank’s copy into the cash deposit bag.