outward bill collection

Outward Bill Collection (DA/DP)

Collect your payments efficiently

Outward Bill Collection (DA/DP)

Collect your payments efficiently

At a Glance
Facilitate the flow of payment and documents with our Outward Bill Collection. We can help you process the following documents on your behalf:
Acceptance

Documents against Acceptance (DA)

We will send your export documents to the buyers's bank. Once the buyer has accepted the bills of exchange/drafts and promised to pay on a later date, buyer’s bank will release the documents. We will credit the money to your account when the buyer (buyer’s bank) remits the payment to us

Payment

Documents against Payment (DP)

We will send your export documents to the buyer’s bank. Once the buyer has paid, buyer’s bank will release the documents.  We’ll credit the money to your account when buyer’s bank remits the payment to us

Features & Benefits

Convenient collection

Submit and collect your documents at one of our Trade Collection Branches or SME Banking Centres

Real-time notification

Subscribe to DBS IDEAL to be informed of status

Facility-free service

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

Improve your cash flow

Shorten your cash collection cycle by asking DBS to discount accepetd bills

How it Works

 

How to Apply

Simply submit your application form and documents at one of our Trade Collection Branches or SME Banking Centres. Alternatively, you can apply via DBS IDEAL.

FAQs
How do I complete the application form?

You may call us at 2290 8068 for assistance.

How long does it take to process the documents?

If we receive the documents by 6pm on a working day, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day.

How do I check the status of my documents?

You can track the status of your documents through DHL and monitor payments through IDEAL.

Do I need a credit facility to apply?

No, you can apply for this service without a credit facility.