cross-border funds transfers

Demand Drafts

Make overseas payments in over 20 currencies

At a Glance
A demand draft is ideal for non-urgent overseas payment
simple

Simple

Make a deposit. Once cleared, we’ll issue the draft instantly

Convenient

Convenient

We don’t need your beneficiary’s bank account details

Features & Benefits
convenience

More convenience as you don’t need your beneficiary’s account details

choice of money

Over 20 currencies to choose from

How to Apply

Apply for Demand Draft via DBS IDEAL.

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

FAQs
What do I need to get a demand draft?

We’ will need the following details:

  • Beneficiary’s name and address
  • Currency and location
  • Address (if you need us to mail the demand draft directly
When will the amount be deducted from my account?

The amount will be deducted once we issue the demand draft.

What is the validity period of the demand draft?

Demand drafts are typically valid for 6 months. It could even be shorter in some countries.

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