mas electronic payment system

MAS Electronic Payment System

Receive SGD payments quickly

At a Glance
Receive money quickly with MAS Electronic Payment System (MEPS), a local interbank payment and settlement system.

Quick transfer

Receive payments quickly and without delay

Largest network

We are the largest MEPS clearing bank in Singapore

Stay informed

Get notified via SMS or email alerts when payments are processed

Features & Benefits

Get paid faster

Access your funds quickly through DBS, the largest MEPS clearing bank in Singapore

Stay informed with IDEAL eReports

Get notified via instant SMS or email alerts when funds reach your account

How to Apply

Please contact us at:

  • 1800 222 2200 (if you are in Singapore)
  • +65 6222 2200 (if overseas)

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

FAQs
What information does my remitting party need?

Your remitting party will need the following:

  • Beneficiary name: Your company name as registered with DBS
  • Bank Name: DBS Bank Ltd Singapore
  • DBS SWIFT Bank Identifier Code  (BIC): DBSSSGSG
  • Beneficiary's account number: The number of the account in which you would like to receive the funds
How do I know if I’ve received my funds?

If you subscribe to IDEAL eReports, we will send you an email or SMS alert. You can also check your online transaction history via IDEAL to see if the funds have been credited.

How quickly will I receive my funds?

You will receive your 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.

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