Collections

RMB Electronic and Paper Collection

Collect payments in RMB promptly

Receive funds securely and efficiently in RMB with DBS RMB Electronic and Paper Collection. Our different collection channels can give you quick access to your funds so you can concentrate on running your business. This service is suitable for those who have businesses in mainland China that receives or collects regular payments in RMB.

 

Why choose DBS RMB Electronic and Paper Collection?

  • Save time and lower your administrative costs as we have setup direct links with China National Advanced Payment System (CNAPS) which will allow payment collections between banks in China to become more efficient. We are also members with the local clearing system, managed by The People’s Bank of China (PBOC)
  • Expect fast and efficient payments made if your customers send funds from their DBS China accounts to yours
  • Receive email confirmations with IDEAL™ eReports. You may also get a detailed report on IDEAL™, our online banking platform

FAQs

Is DBS China part of China National Advanced Payment System (CNAPS)?

Yes, we have been a member of CNAPS since 2008 and can provide fast, secure and hassle-free.

Can I receive payments in RMB from any beneficiary bank in China?

Yes, you can.

Do I need to have a DBS Business Account to receive payments in RMB?

Yes, you will need to have a business account with us in order to use this facility. If you do not have a business account with us, please call us at 4008208988 and we’ll arrange for a relationship manager to assist you. You may also visit our Business Account page for more information.

What are the different collection channels available for me to receive my payment funds?

You can receive the payment funds electronically through IDEAL™ Connect and via IDEAL™, our online banking platform. Alternatively, you can present your paper-based collection instructions over-the-counters at one of our DBS Branches and bank the funds into your account. You will be informed of your collection instructions via IDEAL™ Connect and IDEAL™, or we can mail you a paper-based advice.

Awards

Awards we have won recently
Best Cash Management Solution, China

Best Cash Management Solution, China

2015
Best Bank for Treasury and Cash Management (Foreign)

Best Bank for Treasury and Cash Management (Foreign)

2015
Best SME Financing/Cash (Highly Commended)

Best SME Financing/Cash (Highly Commended)

2015
Best Card Solution – Chongqing Grain Group Co

Best Card Solution – Chongqing Grain Group Co

2015
View All

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer: 

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website.  We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose.  The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

© DBS BANK LTD, 2013.  All rights reserved.  Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881