Collect your payments easily and efficiently
Facilitate the flow of payment with our Outward Bill Collection. DBS acts as professional agent to collect payments from the buyer on your behalf. Your transport documents are only released to the buyer once we’ve received either payment or an accepted Bill Of Exchange promising payment at a later date.
Documents against Acceptance (DA)
With DA, once the buyer has accepted the bills of exchange/draft, he has promised to pay at a later date. Your export documents will be released to him by his bank.
Documents against Payment (DP)
With DP, once the buyer has paid, his bank will release your export documents to him.
How does Outward Bill Collection work?
Why choose DBS Outward Bill Collection (DA/DP)?
Export/Outward Bill Collection
Account holder: 1/8% flat, min SGD 80
- Holding/maintenance fees for unpaid or returned items
SGD 50 per month
- Amendment to collection instructions
SGD 30 flat
Generally if your application is within banking facilities and documents are complete and in order, we can process it on the same day if we receive it at our MBFC or Toh Guan Trade Counters before 6pm.
You can track the status of your documents through DHL, however you can also monitor payments through IDEAL™.
No, you do not need a credit facility to apply for this service.
How do I apply?
Simply submit your application form and trade documents at any of our Trade Document Counters at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan).