xero xero
Save time when you connect DBS bank accounts to Xero accounting
  • DBS bank accounts can be connected to Xero to
    help you work more efficiently. Manually importing
    your bank statements is now a thing of the past!
Apply for DBS Account

DBS and Xero help you work more efficiently

Easy Setup
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Simply set up your DBS account in Xero, then authorize the connection between DBS and Xero through DBS IDEAL™

Up-to-date view of your
cash flow
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With DBS-Xero direct bank feeds, you start the day with an up-to-date view of your business financial position. This provides you with valuable insights to help you make the best decisions for your business.

Direct payments from
Xero to DBS IDEAL™
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Outstanding bill payments can now be sent from Xero to DBS IDEAL™ for authorisation. You no longer need to re-enter details on IDEAL™, saving you time and reducing errors.

 

What you need to set up DBS-Xero bank feeds

 DBS Business Account with free IDEAL™ access

Xero accounting software.
Sign up now.

*Applicable to users that connect their DBS bank account in Xero

Then just follow these steps to set up. See how.

Learn how to make the most of Xero

Look out for the next upcoming workshop to get a hands-on demo on how to build the right templates and reports for your business.

Apply for DBS IDEAL™

If you already have a DBS Business Account, but no IDEAL™ access yet.

Apply for DBS Account

Ready to SWITCH to DBS? Also click here
to get the commonly used
authorization forms all at one go.

FAQs

What types of accounts would I be able to set up bank feeds for?

You would be able to set up bank feeds for all DBS corporate current accounts to be delivered directly into the Xero platform. However, please note that Fixed Deposit Accounts are not supported.

Will DBS-Xero bank feeds cost me anything?

If you’re currently using Xero and have a DBS bank account, direct banks are available at no additional cost to you. If you don’t currently bank with DBS, get started now

How do I sign up for this service?

You can sign up for this service by clicking on the “Connect a bank” feature within Xero which will prompt you to login to IDEAL™. You’ll require your IDEAL™ Login credentials (including your Digital Token or Physical token) for us to verify you. Subsequently, you just have to authorize the bank to send the feeds to Xero and you are done!

For more information on Xero, please click here.

Can all users sign up for this?

Only users who are IDEAL™ authorizers are able to sign up. You would only be able to send bank feeds for accounts that the user is entitled to within IDEAL™.

I am only on IDEAL™ Enquiry access. Will I be able to access this service?

As a company on IDEAL™ Enquiry would not have any users who are authorizers. Please upgrade your accesses to IDEAL™ Transact for free by using this form. There are no subscription charges for IDEAL™ Transact access.

I’ve recently opened a new account after setting up my DBS-Xero bank feeds. How do I get the bank feeds for the new account?

Simply login to Xero and re-connect the bank feeds again. You should be able to access the bank feeds page from Xero and re-initiate the bank feeds. Do ensure that the user who tries to do the connection has access to the new account.

How do I set up bank feeds for my subsidiary company?

The subsidiary company must have its own DBS IDEAL™ online banking account with unique login ID and password, in order to set up bank feeds. You will not be able to log in to your parent company’s IDEAL™ account to set up bank feeds if the subsidiary company’s account is not tagged to the parent company’s IDEAL™ account.

What is the direct payments service from Xero to DBS IDEAL™ about?

Outstanding bill payments can now be sent from Xero to DBS IDEAL™ for authorisation. You and your clients will no longer need to re-enter details when you pay bills in Xero, saving you time and reducing errors.At this time, bills sent from Xero to DBS IDEAL will be paid out via FAST (Fast And Secure Transfers) electronic funds transfer. More payment modes will be made available soon, and customers will be informed.

Who can access the direct payments service ?

All Xero Singapore customers who have an active DBS (Singapore) Bank Feed. Instructions on how to set up a DBS (Singapore) direct bank feed can be found here. You must have a DBS IDEAL™ internet banking and a Xero Org to set up DBS bank feeds.

Which user roles in Xero can use the direct payments service ?

You’ll need the Standard, Adviser or Invoice Only user role in Xero.

How long does it take for the direct payment requests to be transmitted from Xero to DBS IDEAL™?

The process will take approximately 10 minutes, and thereafter DBS IDEAL™ user will be able to see the payment requests inside IDEAL™ awaiting approval.

Will this work for multi-currency bills also?

At this time, this service is only available for bills in SGD.

Is this service available in Hong Kong also?

At this time, this service is only available in Singapore

What are the steps for sending payment instructions from Xero to DBS IDEAL™?

Instructions on the steps can be found here.

I see a new entry under ‘Scheduled Report/Data Export’ page in DBS IDEAL™ after I have set up the Xero bank feed. What is this?

This is a scheduled report that is created in the backend when you set up bank feeds. Please do not delete this entry as your daily transactions are generated and sent to Xero through this report.