Inward Bill Collection (DA/DP) | DBS ID SME Banking

Inward Bill Collection (DA/DP)

Facilitate trade activities with our documentary collection service

Facilitate trade activities with our documentary collection service

At a Glance

Save time and collect your goods quickly with our Inward Bill Collection. We can help process these documents and payments on your behalf:

We release the import documents to you upon acceptance of the bills of exchange/drafts. You promise to pay the seller on a fixed date

We release the import document to you upon your payment

Features & Benefits

Submit and collect your documents easily at Trade Document Counters island-wide

Get our latest information through IDEAL (our online banking platform) which tells you when we've receive the documents

Apply for Inward Bill Collection without the need for a credit facility

Submit forms before 6pm (on working days) to enjoy same-day process

Ask DBS to finance your purchase of goods to turn your business around faster

How it Works

FAQs

	Do I need a credit facility for this product?
	No, you do not need a credit facility to utilise this product.

	How do I know the documents have arrived with DBS?
	Our trade operations officer will inform you by fax when your documents have arrived. However, if you are using IDEAL, we will notify you through the system.

	How long does it take DBS to process the documents?
	If we receive the documents by 2:30pm on a business working day, we can process them on the same day. If we receive the documents after 4pm, we will process them within the next working day.

	How do I instruct DBS to accept or reject the document?
	We will send you a payment instruction letter by fax. Simply select “accept” or “do not accept” in the letter and return it to our trade operations team by hand (or fax if you have signed for fax indemnity).

	Where do I collect the documents?
	You may collect them from any of our Trade Document Counters.

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