For Cash Management, enjoy host of transaction services like 

• Domestic payment - RTGS/NEFT/FT
• Overseas payment with SWIFT gpi tracking
• Bulk payment
• Bulk collection
• Salary/Payroll payment

For Trade Finance, apply for these functions on IDEAL

• Import products
  1. Letters of Credit (LC) Application
  2. Letters of Credit (LC) Amendment
  3. Shipping Guarantees / Air Way Bill Guarantee Application
  4. Bills under Letters of Credit 
  5. Bills under Collection
• Export products
  1. Export Letter of Credit Advising
  2. Export Letter of Credit Amendment
  3. Export Letter of Credit Confirmation Application
  4. Export Bills under Letter of Credit
  5. Export Bills under Collections
• Banker’s Guarantee/ Standby Letter of Credit 
  1. Banker’s Guarantee / Standby Letter of Credit
  2. Banker’s Guarantee / Standby Letter of Credit Amendment

Yes, DBS IDEAL allows users to create templates for all recurring payments. Templates facilitate the creation of transactions by saving pre-determined payment details such as debit account, beneficiary name, account, bank and amount.

Pre-determined fields can be locked or protected so that crucial information cannot be edited or amended. Alternatively, you can make use of the copy function to create a new transaction from an existing payment.

Transactions created in DBS IDEAL can be dated up to 90 days in advance. These transactions are warehoused until the scheduled date and will be processed accordingly.

DBS IDEAL is accessible 24/7, so you can create transactions and perform account enquiries whenever you need, even on weekends or public holidays. However, transaction processing is dependent on the cut-off times of each payment type.

DBS IDEAL provides a comprehensive list of reports which you may print within DBS IDEAL, ranging from transaction-specific reports to summary reports and detailed reports on transaction statuses. You can filter the transaction information provided based on categories such as debit account, value date range, status, beneficiary name and amount.

DBS will process approved transactions on the scheduled date. Authorised signatories of the company must write to DBS in advance of this scheduled date in order to make changes. However, if the transactions have already been processed, for example, the cheque has already been mailed to the beneficiary, you will have to issue a stop payment instruction.