Receive SGD payments quickly
Receive payments quickly through the MAS Electronic Payment System (MEPS), which is a local electronic inter-bank payment and settlement system.
Why choose DBS MEPS?
Your remitting party will require the following information:
We’ll send you an email or SMS alert when the funds have reached your account (if you have subscribed to IDEAL™ eReports). Alternatively, you can check your transaction history online via IDEAL™, our online banking platform to see if the money has been credited.
You will receive the funds immediately once we have received the payment instruction. However, if the instruction arrives after 5.30 pm, you will receive the funds the following working day.
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