Electronic Collections & Bill Payments
Receive and reconcile payments easily while ensuring convenience for your clients
Collect payments quickly and easily from customers who maintain a DBS or POSB account with our Bill Payment services. Your customers simply transfer payment through the Internet, mobile banking or at ATMs for greater convenience. You will receive a daily report outlining all receivables, thereby simplifying your reconciliation process.
Why choose DBS Bill Payment?
We can perform a simple format check or a more sophisticated algorithm check if your customer reference numbers have an algorithm format. An example of a simple format check involves validating the number of characters while the algorithm check involves a check digit. This helps detect input errors by your customers.
Yes, you can decide on your preferred minimum and/or maximum limit.
You will receive your funds the next working day if your customers make payment by 11.30pm daily, and by 8.30pm on the last working day of the month.
How do I apply?
Simply call us at 1800 222 2200, or +65 6222 2200 if you are calling from overseas to apply. Alternatively, please speak with your relationship manager.
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
CMC Markets Singapore Pte Ltd