Alert for customers of DBS Bank Ltd.
by Intuit• Updated 1 year ago
If you are a customer of DBS Bank Ltd., you may be subjected to a 1% charge fee by DBS Bank Ltd. each month, on top of your monthly QuickBooks subscription fee.
This charge is not added by Intuit. Rather, DBS Bank charges customers an administrative fee when Singapore dollar transactions are processed outside of Singapore.
According to the DBS Bank's website:
"All card transactions processed outside Singapore but charged in Singapore dollar (i.e. without any currency conversion) will be subject to an administrative fee of 1% by Visa or MasterCard, which shall be payable by you and debited from your Card account. This includes but is not limited to any card transaction in Singapore dollars on overseas-based websites and mobile applications."
Please view DBS Bank's website for more information about the administrative fee. For even more information about your DBS Commercial Card, please see this webpage.
If you are a customer of DBS Bank and have questions about the administrative fee, you should contact your bank for further guidance or clarification on these charges.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Connect to DBS IDEAL direct bank feedsby QuickBooks•25•Updated November 29, 2023
- Record invoice payments in QuickBooks Onlineby QuickBooks•8•Updated 1 month ago
- Edit the customer name on a bank deposit in QuickBooks Onlineby QuickBooks•Updated June 25, 2024
- EEA bank connectivity updatesby QuickBooks•Updated July 23, 2024