RMB Electronic and Paper Instrument

Make payments in RMB securely and efficiently to beneficiary banks

RMB Electronic and Paper Instrument

Make payments in RMB securely and efficiently to beneficiary banks

At a Glance
Strengthen your relationships with suppliers and facilitate trade with DBS RMB Electronic and Paper Instrument.

Quick transfer

Transfer your payment funds quickly and efficiently with our extended cut-off time for payment instructions at 4pm on a working day


Extensive network

Set up direct links with China National Advanced Payment System (CNAPS) and Cross-border Interbank Payment System (CIPS) , the local and cross-border RMB clearing system managed by The People’s Bank of China (PBOC)


Stay informed

Ensure prompt transactions with DBS IDEAL and get notified via SMS or email alerts when payments are processed 

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.

Can I make payments in RMB to any beneficiary bank in China or overseas?

For China local, YES.
For overseas, YES if the beneficiary bank can accept cross-border RMB settlement.

Do I need to have a DBS Business Account to make 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 400 821 8881 and we will arrange for a Relationship Manager to assist you. You may also visit our Business Account page for more information.

What are the different payment channels available for me to submit my payment instructions?

You can submit them electronically through DBS IDEAL, IDEAL Mobile, RAPID and IDEAL Connect, our online banking platforms. Alternatively, you can submit your paper-based payment instructions over-the-counters at one of our DBS branches.

What is the cut-off time for making payments in RMB?

We offer an extended cut-off time at 4pm from Mondays to Fridays, except on Public Holidays.
Applications submitted after the cut-off time will be processed on the next working day.

Will I be notified when the payment is transferred to my beneficiary?

Yes, we can send you an Email/SMS notification through IDEAL eReports when the payment has been transferred.