Batch Payment | Bulk Domestic Payment | DBS SME Banking CN

Batch Payment

Effective way to process your recurrent high volume of domestic payment transactions

Effective way to process your recurrent high volume of domestic payment transactions

At a Glance

Batch Payment is a convenient and secure way to consolidate and make large volume domestic payments regularly, like to vendors and for staff payroll.

Create high volume of RMB payment transactions to your beneficiaries

Submit payroll transactions before cut-off time to enjoy same day processing

Send transactions in bulk for streamlined process

Features & Benefits

Upload your payment instructions all at once via DBS IDEAL

Authorization is only required once to activate single or multiple transactions

Data files are encrypted and no data loss or tampering can occur

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.

FAQs

	Can I initiate single transactions?
	Yes. This facility can be used to initiate single or multiple transactions at one time.

	Can I initiate transactions in foreign currencies?
	No, our batch payment facility is currently available only for domestic transfers in CNY.

	What kind of information is required for payment instructions?
	You will need to provide the following information: Beneficiary name Beneficiary account number Beneficiary bank Payment amount in CNY Payment type (for example, normal payment / urgent payment)

	Can we give the batch payment instruction in advance and for a certain period of time?
	Yes, you can give the payment schedule in advance and for a certain period of time.