- Home
- Start Digital Pack
- Xero
Xero
Cloud accounting software providing simple and time-saving automatic bank feeds
- Home
- Start Digital Pack
- Xero
Xero
Cloud accounting software providing simple and time-saving automatic bank feeds
| Xero A cloud-accounting software that connects to 1000+ apps to suit your business needs. Connect your bank accounts to automate reconciliations and ease financing
|
Bank Feed Integration
Watch this video for a step-by-step guide on connecting your DBS bank account with Xero, or view instructions here.
Ease of Financing
FAST payment

Up-to-date view of your cash flow
With DBS-Xero bank feeds, your day starts with valuable insights and an updated view of your financial position.

Direct FAST payments from Xero to DBS IDEAL
Outstanding bill payments can now be sent from Xero to DBS IDEAL for authorisation

InvoiceNow-Ready
Send and receive e-invoices via the Peppol network from Xero directly to your buyer's accounting system for quicker payments.

Ease of financing
Connect your Xero account when applying for a loan to ease the reconciliation process and boost your business cashflow!
Bank Integration Sync transactions automatically & ease reconciliations | Ease of Financing Easily apply for loans by importing bank statements from Xero | Dashboard Keep an eye on your finances. Track bank balances, invoices, bills and more | ||
App Integration Create custom integrations with over 1000+ apps from payroll, CRM to payments | Capture Data Data capture without manual entry using Hubdoc. | Manage Fixed Assets Track & manage fixed assets, keeping your books up to date |
Under the DBS Start Digital Programme, enjoy free 6 months subscription for Starter plan with complimentary upgrade to higher tiers. Thereafter, sign up for your preferred plan at the following rates:
Good for new businesses | S$35/monthFeatures include:
|
Good for growing businesses | S$55/monthFeatures include:
|
Good for established businesses of all sizes | S$72/monthFeatures include:
|
New to DBS SME Banking? | DBS Corporate Accounts Apply for a DBS Business Multi-Currency Account Now Manage your cash flow with our easy-to-open accounts. |
New to DBS IDEAL? | DBS IDEAL Run your banking – give approvals, pay salaries, check balances and more – on any screen, anytime, anywhere. |
New to Xero? | DBS Start Digital – Xero Sign up for a Xero account via our Start Digital Programme and enjoy 6 months free subscription! |
Need Financing? | Financing with Xero and DBS Connect your Xero account for your loan application and grow your business! |
How do I sign up for this service? | |
Sign up for this service by clicking on the “Connect a bank” feature within Xero. It will prompt you to log in to IDEAL with your digital or physical token. Subsequently, you authorise the bank to send the feeds to Xero. Learn more about Xero. |
I have IDEAL Enquiry Access. Can I use this service? | |
Upgrade your access to IDEAL transact for free, apply now. |
How long does it take to transmit a payment request? | |
It will take about 10 minutes. After which you will be able to see the payment requests within the IDEAL platform awaiting your approval. |
Will FAST payment work for multi-currency bills also? | |
This service is only available for Singapore denominated bills. |
How do I connect to Xero for my loan application? | |
1) Select your business’ preference loan to suit your needs via our DBS Online Loan Application Form (OLAF), with no application paperwork required, saving you time and effort. 2) Fill up all necessary contact details and enter all loan requirement details and review before submission 3) As part of the DBS loan application, we will ask you to make a one-time only connection to Xero. Select ‘import from Xero’ and login to Xero. Before analysing your bank statements, we will ask for your consent. 4) Your loan application is now successful! |
What data am I sharing with DBS for the loan application when I choose to connect to Xero? | |
DBS will ask for your consent to securely access and assess information that will support your application, including:
Following the assessment, we’ll immediately confirm your borrowing capacity. In some instances we may offer you a lower borrowing limit than the amount you applied for. This data may also be used to identify ways we can support your business in the future. All information you share will also be used in line with DBS Privacy Policy. |
How do I increase the probability of a successful loan application through Xero? | |
You’ll need to ensure that your financials are up-to-date and recent transactions are reconciled. If you need support to reconcile your accounts, please visit: Reconcile bank accounts easily in Xero |
Can I apply for the financing if I do not have a Xero account or have not set up the bank feed connection? | |
You can still apply for financing if you do not have a Xero account or have yet to set up the bank feed connection via Xero. However, we encourage you to sign up with Xero and set up the bank feed to the Xero cloud accounting platform for easy reconciliation of your bank statements and transactions. If you are new to digital solutions, you can sign up to Xero through the DBS Start Digital Programme which you can enjoy a free 6 months subscription with Xero. For more information on the DBS Start Digital program, please click here. |
What are the cloud application solutions that Xero are integrated with? | |
Doing business is better when you are connected to the right applications to level up your business. Find and connect to different applications in Payoll, reporting ecommerce, point of sale, inventory and more by accessing the Xero app store. |
Testimonials

"Automatic bank feeds are just the fix our coffee business needs."
Cafebond