Giro Collection | Electronic Collections | DBS SME Banking
Better cash flow, faster payments
Timely collection of your payments
Simple account reconciliation process
Protect against fraud with encryption features
Shorter turnaround times means you receive payments quicker
Save more on low-volume transactions
Choose to collect payments in the order of importance
Daily transaction reports
Monitor receivables with our simplified account reconciliation process
Benefit from our safe and secure hash total and encryption features
Why should I receive payments via GIRO?
GIRO is a secure and convenient way to receive payments from your customers. It saves time as you don’t have to wait for your cheque. You can also receive GIRO payments from your customers through Online Direct Debit Authorisation (DDA).
Is there a faster way to collect payments from my customers?
Yes, there is. We offer Online Direct Debit Authorisation (DDA) via iBanking, AXS Stations and NETS terminals for all DBS and POSB account holders. You will receive a daily report with details of all successful DDAs. This eliminates paperwork and reduces turnaround time, so you can collect payments more quickly.