You need to complete the Cashier's Order/Demand Draft – Indemnity for Stop Payment form and provide a notarized consent of the Beneficiary in writing at any of our DBS/POSB branches. The cut-off time is 2pm on a working day for same day processing. How can I track the status of my Demand Draft? If you are overseas, please call 65-6327 2265. The payment advice will also contain your name and the type of account you have used to fund your iB Cheque. Local USD cheques are cleared for free. The Demand Draft is available only in 6 foreign currencies; US Dollar, Yen, Australian Dollar, Euro, Hong Kong Dollar and Sterling Pounds. Using the "iB Cheque" facility has the following advantages: All DBS iBanking customers with their own Savings, Current or Cashline account. S$10 and max. Terms and Conditions Governing Accounts with effect from 1 Nov 2017, Terms and Conditions Governing Electronic Services. Customers can deposit e-Cheque to DBS Bank account through the e-Cheque Drop Box service provided by Hong Kong Interbank Clearing Limited ("HKICL") #. You can send out a cheque even though you do not have a Current account. DBS Bank (Hong Kong) Limited 星展銀行(香港)有限公司. Who should I contact if I need assistance? • Cheque Book • Branch Transactions • Account Closure. Min deposit/withdrawal amount - S$10 per card; Max deposit/withdrawal amount - S$5,000 per card Which of my accounts can I use for issuing an iB Cheque? Important notice: Update of Terms and Conditions Governing Accounts (applicable to individuals) WEF: 10 February 2021.Click here to find out more. What services does iB Cheque (PayEasy) provide? ... DBS credit card bill payment with cash/card ^ You may withdraw above your card limit, up to S$20,000 with SMS OTP (up to a daily limit of S$30,000). You can use of any of your current, savings or Cashline accounts to purchase an iB Cheque. How long will it take for the iB Cheque to be delivered to the payee? Each iB Cheque shall be valid for a period of two (2) months from the date printed on the iB Cheque. DBS will print the iB Cheque and send via Singapore Post. How does the Online Demand Draft service work? Locate a Quick Cheque Deposit Box near you or visit our 24/7 digital lobbies! Receipts will be issued for Cash Deposit Bags deposited into the Cash Deposit Bag Machines. Greater convenience as the bank will mail out the iB Cheque on your behalf. (For example, credit cards, telephone, utilities bills etc.). You can deposit e-Cheque to your 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"). Bank Fixed Deposit or Term Deposit is a deposit scheme where you can invest money in lump sum for a fixed pre-decided tenure at a given rate of interest. It will only appear after the demand draft is created. Where possible, we will retain the terms and benefits you already enjoy. If you are overseas, please call 65-6327 2265. We charge a commission of S$10. The cancellation fee is currently waived but we reserve the right to review and revise the cancellation charge from time to time by giving you at least 30 days' prior notice. The commission charge is non-refundable. A Stop Cheque fee of S$15 will be imposed and deducted from the account stipulated in the form. This commission charge and postage charges will be debited from your account only at the point of processing. iB Cheque (PayEasy) consist of two separate services: For a step-by-step guide to using this service, please see our help pages here. Day to Day ... What is the cut-off time for cash and cheque deposits? A Demand Draft shall be valid for a period of six (6) months from the date printed on the Demand Draft. ; Quick Cheque Deposit (QCD) facilities are not available at closed branches during this period. DBS Bank offers e-Cheque deposit service. Our widest network of self-service banking machines available 24/7* let you enjoy greater convenience and ease. Wielding spending power may be exhilarating, but before your imagination runs wild on how you can spend your first salary here is some food for thought. What should I do if the payee does not receive the iB Cheque? Please refer to point 7 for the Stop Payment process and the applicable fees & charges. digibank. Which of my accounts can I use for issuing a Demand Draft? Please print out this page for your reference. Cheque Deposit. Deposit by mail: You may also be able to mail checks to your bank.You never want to send cash, but sending checks by mail is quite safe, especially if you use a restrictive endorsement (see below).Ask your bank what the requirements are. Cash and cheques deposited after the cut-off time will be processed the next working day. (Multiple selections). Asia's Safest Bank for 12 years. In the event that the iB Cheque purchased is lost, stolen or destroyed, you may request for payment on the iB Cheque to be stopped and the money will be credited back to your debiting account within 5 working days. 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. You are unable to amend the iB Cheque after submission is done. Getting your first pay cheque is arguably the foremost milestone of adulthood. You do not need the bank account details of the party you wish to pay. 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