Instructions for DBS Bank Account Holders

It is FREE to set up a Standing Instruction via internet banking. The steps are outlined below for your easy reference:

• Login to i-banking at www.dbs.com.sg/personal
• Go to “Funds Transfer”
• Select “Set up Standing Instruction” (it takes about 2 weeks for a new instruction to be effected)
• Select “Add new DBS/POSB payee” Please enter your name (maximum of 12 characters allowed) under “My Initials (For display on payee's bank statement)” so that we are able to identify you as the giver and a receipt can be sent in due course.
  • Payee Account Type: DBS Autosave
  • Payee Account No.: 0700010968
• Confirm New Payee Account
• Return to “Set up Standing Instruction” to enter the rest of the information for funds transfer arrangement
  • Payee’s Full Name: Biblical Graduate School of Theology

Note: The DBS/POSB Standing Instruction Form (see below for the download link) is for those who does not have internet banking arrangement. Please note that the bank will debit a service charge of SGD10 per application from your DBS/POSB account.

Instructions for OCBC Bank Account Holders

Recurring funds transfer can be arranged via internet banking with no charge. The steps are outlined below for your easy reference:

• Login to i-banking at https://www.ocbc.com/internet-banking/
• Go to “Add Beneficiary”
• Under “Beneficiary Account Information”, enter the following:
  • Bank Name: DBS
  • Account No.: 0700010968
  • Your initials: Please enter your name (maximum of 9 characters allowed) for display on our bank statement so that we are able to identify you and a receipt can be sent in due course.
• Under “About Beneficiary”, enter the following:
  • Name: Biblical Graduate School of Theology
  • Email address: finance@bgst.edu.sg (This will enable you to notify us without re-entering our email address when you make your transfer)
• Select “Preview”. (A One Time Password will be sent to you to complete the request. An sms will be sent by hp to say that you have successfully added a beneficiary for your 3rd party funds transfer via Internet & mobile banking)
• Go to “Recurring Transfer”. Enter the rest of the information for funds transfer arrangement and click “Preview”.