Why should I pay my employees via GIRO?

GIRO offers a secure and convenient way to pay your employees. You don’t have to carry large amounts of cash or issue cheques on payday. Enjoy preferential benefits such as extended cut-off times when you pay to DBS or POSB account holders.

I have GIRO with another bank. Will there be a system change when I switch over?

The file formats used by DBS IDEAL support most payroll and account payables packages, so system changes are unlikely.

Can I make changes if I spot an error after submitting the payroll?

For security reasons, amendments are not allowed. You can stop payment and make other arrangements with your employee. Or submit a new file with the correct details.

Pay Your Employees Efficiently with DBS GIRO Payroll

GIRO Payroll

Cost-effective way to pay your employees

GIRO Payroll

Cost-effective way to pay your employees

At a Glance

DBS GIRO Payroll takes the hassle out of payday every month.

Save time

Your employees will get paid promptly every month

Save money

Save on writing cheques as we pay your employees’ salary online

orange mobile phone with dollar sign icon

Simple

Daily transaction reports and simple account reconciliation processes

Features & Benefits

Improve your cash flow

Ensure your employees get paid quickly with timely transaction processing

Private and Confidential

Your company's payroll is consolidated into one debit transaction, with access to payroll granted to designated users

Greater convenience

Create multiple transactions in one file

Protect against fraud

Secure hashing and encryption features

How it Works

How to Apply

Arrange for our Relationship Manager to call you.

Call us on 1800 222 2200 or +65 6222 2200 (from overseas).

Not a DBS SME Banking customer?
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply

Things to Note

GIRO Factsheet

Cash Pricing Guide

DBS IDEAL cut-off time

FAQs

	Why should I pay my employees via GIRO?
	GIRO offers a secure and convenient way to pay your employees. You don’t have to carry large amounts of cash or issue cheques on payday. Enjoy preferential benefits such as extended cut-off times when you pay to DBS or POSB account holders.

	I have GIRO with another bank. Will there be a system change when I switch over?
	The file formats used by DBS IDEAL support most payroll and account payables packages, so system changes are unlikely.

	Can I make changes if I spot an error after submitting the payroll?
	For security reasons, amendments are not allowed. You can stop payment and make other arrangements with your employee. Or submit a new file with the correct details.

Client Testimonial

"Our relationship manager was instrumental in linking us to the various departments in DBS for our banking requirements and making the transfer of our banking transactions to DBS seamlessly easy."

Mr Johnny Yeo CFO, Director (Corp Services),TMC Education Corporation Ltd