What is the bid deposit under the Open Bidding System?

The bid deposit is set by LTA and currently stands at: S$200 for Category D (motorcycles) S$10,000 for Categories A, B, C and E (all other vehicles) This deposit will be deducted from your Business Account every time you make a new submission.

What if I do not have sufficient funds in my account?

If you don’t have funds to cover the total bid deposit and administrative fees, all bids in the batch will be rejected. Please ensure there is enough money in your account before submitting your bid.

When must the balance of the bid be paid to LTA?

The balance of the bid should be paid when the results are announced. And when your customers register their cars. The balance of the bid should be paid directly to LTA.

Will I know what bids have been submitted by others?

No, bids submitted by other motor traders will not be available. However, you will be able to see the lowest successful bid price accepted by LTA.

How do I know the status of my submitted bids?

Once your bid has been successfully submitted via IDEAL OCOE, you can track its status through the "Bid Enquiry & Revision" menu.

Is it easy to revise the bid amount?

Yes, simply select the unsuccessful bid under “Bid Enquiry & Revision” and enter your new amount.

Is there a limit to the number of bids I can submit?

There is no limit to the number of bids that can be submitted. However, LTA’s rule of one bid per individual applies. This means you can only submit one bid for each of your customers. All subsequent duplicate bids will be rejected. Your bids can be submitted in batches with a maximum of 20 bids each.

DBS IDEAL Open COE Service

At a Glance

Save time and stress bidding for Certificate of Entitlements (COEs) with DBS IDEAL Open COE (OCOE) service.

Online

Submit COE bidding electronically to the Land Transport Authority (LTA)

Easy

Monitor your status and revise any bids if necessary

Single login

Make bids with a single login through DBS IDEAL, our online banking platform

Features & Benefits

Use IDEAL OCOE

Submit, monitor, and revise your bids using Singapore’s most widely used bidding channel for local motor traders.

Wide range of services

Access COE bidding and DBS FX Online with a single login through DBS IDEAL

At your convenience

Prepare your COE bids early with the DBS Offline Bidding Editor and Online features

Submit and revise bids easily

Using our Single Reserve Price feature, submit and revise your bids in just a few clicks

Eligibility & Fees

Subscription package	Pricing
Software and license fee One-time for new subscribers Includes training for 2 users.	S$865 Up to two PC installations
Subscription fee Minimum subscription period is 1 year. Payable every quarterly in advance.	S$225 Per quarter per license
COE Bidding administration fee	S$10 per COE bid submission. S$10 per every subsequent revision.

Subscription package

Pricing

Software and license fee

One-time for new subscribers

Includes training for 2 users.

S$865

Up to two PC installations

Subscription fee

Minimum subscription period is 1 year. Payable every quarterly in advance.

S$225

Per quarter per license

COE Bidding administration fee

S$10 per COE bid submission.

S$10 per every subsequent revision.

How to Apply

Arrange for a Relationship Manager to call you.
Call us at 1800 222 2200 or +65 6222 2200 (from overseas).

FAQs

	What is the bid deposit under the Open Bidding System?
	The bid deposit is set by LTA and currently stands at: S$200 for Category D (motorcycles) S$10,000 for Categories A, B, C and E (all other vehicles) This deposit will be deducted from your Business Account every time you make a new submission.

	What if I do not have sufficient funds in my account?
	If you don’t have funds to cover the total bid deposit and administrative fees, all bids in the batch will be rejected. Please ensure there is enough money in your account before submitting your bid.

	When must the balance of the bid be paid to LTA?
	The balance of the bid should be paid when the results are announced. And when your customers register their cars. The balance of the bid should be paid directly to LTA.

	Will I know what bids have been submitted by others?
	No, bids submitted by other motor traders will not be available. However, you will be able to see the lowest successful bid price accepted by LTA.

	How do I know the status of my submitted bids?
	Once your bid has been successfully submitted via IDEAL OCOE, you can track its status through the "Bid Enquiry & Revision" menu.

	Is it easy to revise the bid amount?
	Yes, simply select the unsuccessful bid under “Bid Enquiry & Revision” and enter your new amount.

	Is there a limit to the number of bids I can submit?
	There is no limit to the number of bids that can be submitted. However, LTA’s rule of one bid per individual applies. This means you can only submit one bid for each of your customers. All subsequent duplicate bids will be rejected. Your bids can be submitted in batches with a maximum of 20 bids each.

Get in Touch

Open Business Account

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Apply for Banker’s Guarantee

Apply for Import Letter of Credit

Contact DBS BusinessCare

COE Bidding