Domestic Funds Transfers
Transfer funds to any bank in Singapore quickly
Ensure faster payments, reduce your operating costs and simplify your account reconciliation process with DBS GIRO Payment. Transfer funds to any bank in Singapore through IDEAL™, our online banking platform, to enjoy competitive pricing and the latest cut-off time for submission in Singapore.
Why choose DBS GIRO Payment?
GIRO offers a secure and convenient way to pay your employees. You can save time and money by removing the need to carry large amounts of cash or issuing cheques on payday. We also offer preferential benefits such as extended cut-off times when you pay to DBS or POSB account holders.
Yes, DBS does provide this add-on service. Once a GIRO payment is successfully processed, the receiving party will be sent a transaction advice by email, mail, registered mail, overseas mail or courier.
The file formats used by IDEAL™ are supported by most account payables packages, so it is unlikely system changes will be required.
For security reasons, DBS does not allow you to make amendments to payment instructions once they have been filed. However, you can stop the payment from being made and make alternative arrangements with your beneficiary or submit a new file containing the correct information.
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
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