Assign a virtual account to each of your customers for easy payment collection
Collect payments from a large number of your customers with DBS Bank (Taiwan) Ltd Virtual Account (VA). By creating and assigning a VA to each of your payer, you can now easily identify the paying customer and the purpose of payments. All VAs that you create and assign to are electronically linked to your account registered for the VA. You may collect up to 12 different currencies and check your daily account activity via IDEAL™, our online banking platform. If you have a business in Taiwan that receives regular incoming payments from a large number of different customers, then you may want to consider using VAs for better accounts reconciliation.
Why choose DBS Virtual Account?
A VA is an account created and assigned to each of your paying customer, for example, a main distributor or buyer, so that your company will be able to differentiate each payment from the payment source. The payments made to the different VA will be automatically directed into your account registered for the VA.
Yes, you will need to have a Business Account with us in order to use this service. Your business account will act as your account registered for using VA.
Each VA number has 14 digits. All you have to do is to customise the last 9 to 11 digits of your VA number and assign that VA number to one of your paying customers. You repeat the same process for other paying customers.
The funds will go directly to the account registered for the VA, since the VA serves only as a mirror account for the account registered. The purpose for a VA is to help your business accounting with a better process for consolidation and tracking of payments from the same payer.
The main business account that you hold with us is referred to as the account registered for the VA.
Yes, we charge TWD 5 for each VA transaction.
How do I apply?
Please call us at 02 6606 0302 and we’ll arrange for a Relationship Manager to assist you.