Domestic Funds Transfers

MAS Electronic Payment System (MEPS)

Transfer SGD swiftly to other banks in Singapore

Transfer money quickly through the MAS Electronic Payment System (MEPS), which is a local electronic inter-bank payment and settlement system.


Why choose DBS MAS Electronic Payment System?

  • Process your MEPS payments quickly and without delay with DBS. We are the largest MEPS clearing bank in Singapore
  • Make real-time interbank payments to domestic accounts at any participating MEPS bank
  • Stay informed via IDEAL™ eReports, our instant SMS and email alerts that notify you when your payment has been processed
  • Provide us with contact details of your beneficiary and a brief message, and we’ll notify them by email or SMS via IDEAL™ eReports once the payment has been made


To which banks can I send a payment via MEPS?

Most banks in Singapore are able to receive payments via MEPS. Please visit the Monetary Authority of Singapore website for a complete list .

What information is required to send a MEPS payment?

In order to send a MEPS payment, you need to provide the beneficiary’s name, account number and bank’s SWIFT Bank Identifier Code (BIC).

When will the payment be received?

If you submit your MEPS instruction by 4.00pm via IDEAL™, our online banking platform, or by 2pm at any of our branches, your beneficiary will receive the funds on the same 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

No Minimum Balance Requirement
No Minimum Balance Requirement

The new Digital Account comes with NO MINIMUM BALANCE required.

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