ESPZEN is pleased to offer 8 different channels to execute payment to our account

Note: Preferred Method of Payment: INTERNET BANK TRANSFER

 

1. INTERNET FUND TRANSFER 

   DBS Corporate Bank Account Number: 118-900465-4

   Account Type : DBS Current
   Registered Company Name: ESPZEN Pte Ltd
   DBS Bank Code: 7171
   China Square Branch Code: 118

   Please ensure you mark in the reference field your team name.

   ESPZEN PREFERS INTERNET BANK TRANSFER – PLS SET UP THIS FACILITY

2. CHEQUE 
   
   Cheques should be made payable to ESPZEN Pte Ltd
   On the reverse of the cheque please indicate your team name and the invoice number.
   
   Please send the cheque to:

   Accounts Department
   ESPZEN Pte Ltd
   #03-00 Boon Sing Building, 41 Middle Road,
   Singapore 188950
   Tel: (+65)-6325-9386
   Fax:(+65)-6223-1814
   Mob:(+65)-8233-2820

   Please remember to email finance@espzen.com (cc: admin@espzen.com) to confirm cheque has been mailed to us and take note to include Team / Company Name on email.

   Alternatively, teams can also do a QUICK CHEQUE DEPOSIT to us. Please follow the instructions below:

   1)    Once the cheque is prepared, please write the necessary details on the back of the cheque 

   Name:    ESPZEN Pte Ltd
   Bank Name:    DBS
   Account Type:    DBS Current
   Account Number:    118-900465-4

   2)    Once the cheque has been dropped into the Quick Cheque Deposit Box at any DBS Bank outlets, please email to finance@espzen.com(cc: admin@espzen.com) the following information:

   Team / Company Name:    ___________________________
   Date of Cheque Bank In:    ___________________________
   Mode of Payment:    Quick Cheque Deposit
   Amount Banked In:    ___________________________
   Cheque Number:    ___________________________

   Please take note that the bank and cheque number will only be for record purposes and will not be helpful to identify payment as this is not shown on the bank statement.

3. CASH

   Please bring your cash to the ESPZEN office at: 

   ESPZEN Pte Ltd
   #03-00 Boon Sing Building, 41 Middle Road,
   Singapore 188950
   
   Tel: (+65)-6325-9386

   Office hours are from 8.30AM to 6.00PM (Mondays to Fridays). 
   Please call 6325-9386 in advance before coming to the office.

   If making payment by cash to ESPZEN office, all team managers / coaches are reminded to INSIST on receiving a receipt. If a team leaves the office without collecting a receipt, ESPZEN undertakes no responsibility for missing funds. 

   Team managers are also requested to SIGN the receipt as proof of amount of cash handed over to 
   ESPZEN duty staff

4. ATM FUND TRANSFER
    

   Note our Account Number : 118-900465-4
   Account Type : DBS Current

   In the case of your payment is made through ATM machine, please kindly ensure you also email us at finance@espzen.com(cc: admin@espzen.com) these details:

   Team / Company Name:    ____________________________
   Date of Transaction:    ____________________________
   Mode of Payment:    ATM Transfer
   Amount Transferred:    ____________________________

   
   ATM transfers do not show team name and transaction reference number and payor’s account number cannot be used to verify any incoming funds.
   Hence, your email stating exact date of transfer and amount is crucial to help us reconcile.

   If making payment by ATM, all team managers are reminded to keep a copy of the ATM transfer receipt and only to discard this receipt once the team manager has seen the funds have been credited to the team’s account. Failure to keep the ATM transfer receipt may result in complications should more than one team claim a particular fund transfer was made by their team.

5. STANDARD CHARTERED BANK INTERNET BANKING
    

   ESPZEN Pte Ltd is listed as a “bill payment payee”. 
   For full details how to pay us via Stan Chart internet banking please click on the following link

   Click here to view procedures 

6. INTERNATIONAL TRANSFER

   DBS SWIFT CODE is DBSS SGSG

   The address of our branch is: 

   Branch-China Square
   8 CROSS STREET
   #01-01/01K, PWC BUILDING
   Singapore 048424

   P12. Payment should never ever be made to the workers at any of the pitches. ESPZEN is not liable for any money passed to these workers who are not employed by ESPZEN Pte Ltd:- 

7. Payment via PayPal
   If you have credit/debit cards, you may pay us via PayPal. PayPal accepts all Master and Visa cards. Visit PayPal's website for more information about payment types. Click the button for PayPal processing. 

    

   
   

8. NETS

   If you do not wish to bring cash to the ESPZEN office, you may use your debit cards with NETS logo. 

    

   
   
    

PAYMENTS RECONCILIATION

Managing football league games is not any easy tasks, managing payments from teams is even harder. Many teams pay ESPZEN via ATM funds Transfer, or cheque however hopefully you will see from the below why ESPZEN prefers INTERNET BANKING:-

PAYMEMT VIA INTERNET BANKING

If you pay via internet banking your team name will appear on our statement allowing us to reconcile your funds transfer immediately.

 

PAYMENT VIA ATM FUNDS TRANSFER

Unless we receive an email from you we have no way of knowing which team had paid the following amounts into our account, 

 

PLEASE PAY ESPZEN BY INTERNET BANKING

PAYMENT VIA INTERNET BANKING AND DBS

If you bank with DBS pls refer to their user guide on InternetBanking set up below – it is very easy to set up and there is no cost.

http://www.dbs.com.sg/personal/ibanking/additionalinfo/faq/fundstransfer/3rdparty/default.page

TO ENSURE YOUR TEAM NAME APPEARS ON OUR STATEMENT FOR DBS I BANKING PLEASE SEE BELOW
From DBS Menu select
Funds transfer to Other DBS POSB AC

Under MY INITIALS please ensure you insert TEAM NAME

CASE STUDY AUGUST 2006

Payment of league fees on time is an important element to the foundation and structure of ESPZEN leagues, when teams fail to make payment according to the pre-scribed deadline, teams will be initially suspended from the league pending investigation, and if payment does not follow ESPZEN will take further legal action. Historically ESPZEN had engaged a law firm to contact the bad debtors, however this process was costly and not so effective.

ESPZEN is now utilizing a far more effective channel, via the Singapore Small Claims court.

The debtors will receive an official letter from the courts, and will be required to attend a court hearing, following which failure to make good the payment (plus costs), will probably result in the Bailiffs being sent to the Debtors registered property with a WRIT OF SEIZURE AND SALE.

ESPZEN strongly encourages all teams to make timely payment to ESPZEN to avoid ultimately higher costs being paid by the team. Without fail all bad debtors will be reported to the Small Claims Courts.