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Why must I apply for Direct Crediting Service (DCS)? What is DCS activation? Why do I need to do this?

Updated by MAS
  • DCS allows CDP to credit your Singapore-dollar cash entitlements such as dividends and interest payments into your designated bank account. Your CDP Securities account must already have a DCS bank account linked up before you can apply for the Savings Bonds. 
  • Participating DCS banks in Singapore are currently: Citibank, DBS/POSB, HSBC, Maybank, OCBC, Standard Chartered Bank and UOB. There are no DCS banks outside Singapore.

This information is sourced from MAS.

Topics:

Singapore Savings BondsCDP Securities Account Opening and DCS Activation (For Cash Subscriptions)

Related questions

How do I set up a CDP Securities account?

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I have CDP Securities Account but do not have a designated DCS bank account. How do I apply for DCS?

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My application was rejected. Why did this happen?

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I’ve forgotten if I have a designated DCS bank account. How do I check if I have one?

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