Collect your payments easily and efficiently
Facilitate the flow of payment with our Outward Bill Collection. DBS acts as a professional agent to collect payments from the buyer on your behalf. Your transport documents are only released to the buyer once we’ve received either payment or an accepted bill of exchange/draft promising payment at a later date.
Documents against Acceptance (DA)
With DA, once the buyer has accepted the collection transaction and promised to pay on a fixed maturity date. Your export documents will be released to him by his bank.
Documents against Payment (DP)
With DP, once the buyer has paid, his bank will release your export documents to him.
How Does Outward Bill Collection Work?
Why choose DBS Outward Bill Collection (DA/DP)
Please call us at 2290 8068 for help in completing the application form.
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.
You can track the status of your documents through DHL. In addition, you can also monitor payments through IDEAL™.
No, you do not need a credit facility to apply for this service.
How do I apply?
Simply submit your application form and trade documents at one of our Trade Collection Branches or Enterprise Banking Centres. Alternatively, you can apply via IDEAL™.