Outward Transactions Approval with DBS

 Note: Please ensure you have linked your DBS Current Account with the EximPe Trade Account before creating payments

Initiate Payment and Book Rates

• Once the transaction documents are accepted, you can view the live FX rate along with the estimated payment charges and the payment breakdown on the screen. The charges will be refreshed every 5 seconds. 

• To initiate the payment, check the acknowledgement box, click on the refresh rate button if required and then click on the Initiate Payment button. 

• A confirmation box will appear, with the latest FX rate and the final amount to be debited. If you are satisfied with it, you can confirm the rates.
• The rates have been booked and will be valid till 2.30PM on the next day. Instructions to approve the transaction will be available on the screen. 

Failure to approve the transaction and the subsequent expiry of the booked rate will incur charges from the bank. 

The instructions to complete the approval will be updated on the payment screen. 

Approve the transaction

• To approve the transaction, open your DBS IDEAL app on your android/apple device

• Login using your registered email address and password

• Click on Approvals

• Click on Third-party Platforms

• Select the transaction to approve and click on review

• Review the details and click on Approve

• Enter your passcode to approve the transaction

• You have successfully approved the transaction and the money will be deposited in the beneficiary account soon.