Bank with Ease
You can deposit e-Cheque to your DBS Bank account through the e-Cheque Drop Box service.
e-Cheque is the electronic counterpart of paper cheque, and is issued and deposited online. DBS Bank offers e-Cheque deposit service. Customers are allowed to deposit e-Cheque to DBS Bank account through the e-Cheque Drop Box service.
Customers can deposit e-Cheque to DBS Bank account through the e-Cheque Drop Box service provided by Hong Kong Interbank Clearing Limited ("HKICL")#.
The e-Cheque Drop Box can be accessed through its website http://www.echeque.hkicl.com.hk or mobile application.
#HKICL is the clearing house for processing interbank clearing and settlement in Hong Kong. It is a company equally owned by the Hong Kong Monetary Authority and the Hong Kong Association of Banks.
|Do I need to bear any costs for the usage of the e-Cheque Drop Box service?|
|No, it is completely free of charge.|
|What should I do if I do not know how to deposit an e-Cheque?|
|You can ask other trusted persons (e.g. family members) to deposit e-Cheques on your behalf through the e-Cheque Drop Box service, or refer to the information on the HKICL website, or approach your bank for assistance if necessary.|
|What is the cut-off time for e-Cheque deposit?|
|The cut-off time for e-Cheque deposit through the e-Cheque Drop Box service is 5:30 p.m. of each business day for same day clearing. For e-Cheque deposit through the Internet banking, you should refer to the cut-off time specified by individual banks.|
|Can I decline to receive e-Cheques?|
|Yes, you can ask the payer to use other payment instruments (e.g. paper cheque) if you do not prefer to receive e-Cheques.|
The brochure of e-Cheque provided by Hong Kong Monetary Authority and The Hong Kong Association of Banks