Ways to Bank
Submit and revise COE bids electronically to the LTA
Save time and stress bidding for Certificate of Entitlements (COEs) with DBS’ Open COE (IDEAL™ OCOE) service. Our unique platform allows you to submit COE bids electronically to the Land Transport Authority (LTA), monitor their status and revise any bids if necessary. Motor traders and companies buying a corporate fleet can easily place bids with a single login through IDEAL™, our online banking platform.
Why choose DBS COE Bidding?
Software and License Fee
COE Bidding Administration Fee
SGD 10 per COE bid submission
The bid deposit is set by LTA and currently stands at SGD 200 for Category D (motorcycles) and SGD10,000 for Categories A, B, C and E (all other vehicles). This deposit will be deducted from your Business Account every time you make a new submission.
If you don’t have sufficient funds in your account to cover the total bid deposit and administrative fees, all bids in the batch will be rejected. Therefore, please ensure there is enough money in your account before submitting your bids.
The balance of the bid should be paid when the results are announced, and when your customers register their cars. The balance of the bid should be paid directly to LTA.
No, bids submitted by other motor traders will not be available, however you will be able to see the lowest successful bid price accepted by LTA.
Once your bid has been successfully submitted via IDEAL™ OCOE, you can track its status through the "Bid Enquiry & Revision" menu.
Yes, simply select the unsuccessful bid under “Bid Enquiry & Revision” and enter your new amount.
There is no limit to the number of bids that can be submitted. However, LTA’s rule of one bid per individual applies. This means you can only submit one bid for each of your customers. All subsequent duplicate bids will be rejected. Your bids can be submitted in batches with a maximum of 20 bids each.
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.