Payments

Cheque Express

Save time and costs with our easy-to-use cheque payment and issuance service

Free up your time and resources by outsourcing your cheque issuance to DBS. Simply generate your instructions and payment files through IDEAL™, our online banking platform, and we will issue cheques on your behalf by taking care of the printing, signing of cheques through facsimile signatures of authorised signatories, and mailing of cheques. Our secure and convenient service gives you more time to focus on growing your business.

 

Why choose DBS Cheque Express?

  • Issue both corporate cheques and Demand Drafts with ease in INR and with your Exchange Earner’s Foreign Currency (EEFC) account
  • Improve efficiency and eliminate the need to prepare, sign and mail cheques
  • Simplify your reconciliation process with our timely cheque status reports
  • Limit queries and improve transparency with our payment advice slips
  • Reduce the risk of fraud. We validate cheque details when cheques are presented
  • Plan ahead by giving us your cheque instructions up to 30 calendar days in advance
  • Save time with our various cheque delivery options to suit your preferences

FAQs

How many locations can DBS support Cheque Express?

We support over 10,000 payable locations for Cheque Express through Payable at Par cheques in 12 DBS locations and demand drafts in other locations.

How are the cheques delivered to my beneficiaries?

We offer several delivery options ranging from self-collection, via courier or postal mail.

How safe are DBS’ security features?

Our state-of-the-art technology captures issuance information, which is used to validate the presentment data against the customer’s original payment file. This mitigates the risk of unauthorised changes.

Can the cheques be customised for my company?

Yes, we can customise your cheques and payment advice slips to feature your company name and logo with the support of multiple page advices.

How will I be billed?

We’ll bill you on a monthly basis for all the cheques issued on your behalf.

What is the cut-off time for submitting payment files on IDEAL™ and how soon will my payees receive the cheques by courier?

The cut-off times are as follows and your customer/payee will receive the cheque by courier after the courier details are generated the next working day.

Steps

Cut-Off Time

Payment file sent to DBS via IDEAL™

  • Monday to Friday: By 2pm
  • Saturday: By 10.30am
  • Cheques printed, sealed in envelope and mailed out

    Same day if received within cut-off times stated above

    Customer/Payee receives cheque by courier

    As per courier details. Courier details will be provided the next working day

    Cheque issuance report available via IDEAL™

    Available same day via IDEAL™

    How do I keep track of the cheques issued, presented or cancelled?

    You will be provided with a daily Cheque Express status report via IDEAL™ for easy reference to see which cheques have been issued or presented and which are outstanding, cancelled or rejected.

    Awards

    Awards we have won recently
    Best Asian International Transaction Bank

    Best Asian International Transaction Bank

    2013
    Best Global Cash Management Bank in Asia Pacific

    Best Global Cash Management Bank in Asia Pacific

    2012
    Best Global Cash Management Services in Asia Pacific

    Best Global Cash Management Services in Asia Pacific

    2012
    Rising Star Transaction Bank 2013

    Rising Star Transaction Bank 2013

    2013
    View All

     

    How do I apply?

    Please call any of our Branches and our Relationship Manager will be glad to assist you.

    Get In Touch

    DBS BusinessCare: 1800 419 9500

    Get In Touch

    DBS BusinessCare: 1800 419 9500