Types Of Online Bill Payments with DBS Bank
One Time Payments
These are payments made for a one-time purpose. Such a payment may be for infrequent uses or lump-sum amounts.
Future Payments
Future Payments are those payments that are scheduled well in advance. You can opt for this type of payment to schedule bill payments, EMI payments, etc., before their due dates so that the bills are paid on time without you having to bear the penalty of late payments.
Recurring Payments
With online bill payments, you can also opt for the recurring type of bill payment method. You can set up standing instructions to make regular payments through your account. This saves you a lot of time and helps you keep track of bill payments with ease.
Automatic Bill Payments
If you are pressed for time or do not want to bother with manual payments, you can opt for the automatic online bill payments option. You can set up automatic online bill payments with one-time payments or recurring payments by enabling auto-payments. You must ensure you have sufficient funds in your bank account for hassle-free bill payments.
Investment e-payment
Now you can pay your SIP mutual fund instalments, home loan EMIs, insurance premium EMIs and more electronically with the DBS Bank investment e-payment facility. You can also set up standing instructions about the Payee, investment and EMI/SIP amount to initiate timely payments.
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