iBanking now allows you to send cheques, cashier's orders and standing instructions online for free! Only iBanking offers you the best deals.
|Banking Services||POSB iBanking||DBS/POSB Branches||Other Banks1|
|Cashier's Order||FREE||S$5||Ranging from S$5 to S$10|
|Standing Instructions||FREE||S$10||From S$10 onwards|
|Demand Draft||Min S$5 or 1/8% of S$ equivalent of remittance amount. Max S$120.||Min S$10 or 1/8% of S$ equivalent of remittance amount2. Max S$120.||Min S$15 or 1/8% of S$ equivalent of remittance amount. Max S$200.|
|Remittance (Outward Telegraphic Transfer)||S$5 handling commission for amounts S$5,000 and below.||Min from S$10 or 1/8% of S$ equivalent of remittance amount3. Max S$120.||Min from S$20 or 1/8% of S$ equivalent of remittance amount. Max S$200.|
1 Comparison based on other major local banks' rates. Information correct as at 25 October 2013.
2 Excluding postage charges of $2.50 (for local delivery) or $4 (for overseas addresses).
3 Cable/Telex charges apply.
Set up Standing Instruction
Set up standing instruction for FREE via iBanking. You may choose to transfer a fixed amount in S$ from your DBS or POSB savings or current account, to a designated crediting account on a regular basis (eg. weekly, monthly, quarterly). The designated crediting account may even be an account belonging to a third party with DBS, POSB or another bank.
Pay Easy: Mail iBanking Cheque
Now you can order a cheque online and have the bank mail it out for you. A convenient and fast service which allows you to pay anyone, anywhere.
Click here for more information.
Pay Easy: Mail Demand Draft
Now you can order a demand draft online and have the bank mail it out for you. A convenient and fast service which allows you to pay anyone, anywhere.
Click here for more information.
Purchase Cashier's Order/Demand Draft
Purchase your cashier's order for FREE and demand draft for as low as a minimum commission charge of $5 via iBanking.
POSB iBanking allows you to manage your regular payments and pay a wide range of organizations online. Talk about freedom and control. Our payments services are offered free or at a discounted rate.
You can pay bills to any of our 150 bill payment participating organizations. You may select to do an ad-hoc payment, or choose from your own list of pre-arranged records. You may also set your payment date up to 30 days in advance.
Click here to find out more about other ePayment Services.
Top up PayPal
DBS/POSB offers you a new way to shop online-one without credit or debit cards. Simply top-up your PayPal account with your DBS/POSB Savings or Current Account via DBS/POSB iBanking, and gain instant access to thousands of online stores worldwide.
Click here to find out more on PayPal.
Add New Billing Arrangement
For easy payment, you can store the details of your regular bills with us. Upon arrangement, you just need to select the pre-arranged record to make your payment. Besides debiting funds your Savings/ Current Account and Credit Card can also be selected.
For bill payment from POSB Credit/Charge cards, customers are able to pay to all the corporations on the list except:
Update GIRO Payment Limit
You can now update your GIRO payment limit on iBanking which can be found under GIRO: Manage GIRO Arrangements.
This gives you the flexibility to update their GIRO payment limits in multiple accounts under 1 transaction. However please note that you can only submit 1 payment limit update per GIRO arrangement in one day. Any additional requests will be rejected by the system. The new GIRO Payment limit will be effective within 4 working days from your request submission date. Please note Joint-all accounts will not be applicable for this service.
Cheque Status Enquiry
You can enquire on the status of your issued cheques including Cashline accounts, whether they have been paid, returned or are pending clearance.
Credit/Charge Card Enquiry
You can view the credit limit, available limit, full payment, minimum payment, payment due date, rewards points, and transaction history for unbilled transactions, current statement and previous statement of all your POSB credit/charge cards (including your supplementary cards)
Debit Card Enquiry
You can get the details on transactions that have been paid for, and transactions pending settlement, of your DBS MoneySmart Debit Card and POSB MasterCard Debit Card.
You can enquire on the transaction details of your S$ Deposit and Foreign Currency Fixed Deposit Account. You may enquire details based on selected date up to the past 2 months, as well as choose from five sorting preferences. The transaction history download function allows you to download your account details in Microsoft Excel or Lotus 123 format to your personal computer.
Change d2pay Limit
You can manage your own daily limits for d2pay service - online shopping made easier.