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Debit cards vs ATM cards

ATM and debit cards look almost identical, but what sets them apart?

If you’ve just opened a savings account, you’d probably come across both ATM cards and debit cards. Learn more about the difference between a debit card and ATM card, as well as the features of each card.

Compare debit cards in Singapore

1 - 20 of 25
Name Product Mobile View Debit Card Annual Fee Minimum Income Minimum Age Requirement Mobile payments
Canvas Pre-paid Visa Card and App
  • Annual Fee

    S$0

  • Minimum Income

    S$0

  • Minimum Age Requirement

    N/A

  • Mobile payments

    S$0
    S$0
    N/A
    N/A

    Finder special offer of 30 days free trial and $10 credit on each kid’s card upon activation.

    Manages your kids’ pocket money and domestic helpers’ access to household expenses digitally.
    Revolut Standard
    • Annual Fee

      S$0

    • Minimum Income

      S$0

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    S$0
    N/A
    Apple Pay, Google Pay
    Enjoy no monthly fees, competitive currency conversion rates, and spend in over 150 currencies with Revolut’s Standard card.
    YouTrip
    • Annual Fee

      S$0

    • Minimum Income

      S$0

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    S$0
    N/A
    Apple Pay, Google Pay

    Use promo code FINDER5 to earn $5 on signup.

    A prepaid Mastercard with no monthly fees, contactless payment features and fee-free transactions in over 150 currencies. NOTE: Promo code valid for new signups and Singapore residents only.
    Revolut Metal
    • Annual Fee

      S$0

    • Minimum Income

      S$0

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    S$0
    N/A
    Apple Pay, Google Pay
    An exclusive premium contactless card that allows for unlimited currency exchanges, a free Lounge Pass, and 1% cashback on expenses.
    Wise Multicurrency Account
    • Annual Fee

      S$0

    • Minimum Income

      S$0

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    S$0
    N/A
    Apple Pay, Google Pay
    Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits.
    Revolut Premium
    • Annual Fee

      S$0

    • Minimum Income

      S$0

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    S$0
    N/A
    Apple Pay, Google Pay
    On top of standard Revolut perks, this debit card comes with unlimited spending and free overseas ATM withdrawals, up to $700 per month.
    OCBC Frank Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay
    Get unlimited 1% cashback on selected categories, access to exclusive deals and cashback with this stylish debit card.
    BOC Chinese Cultural Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0
    N/A
    16 years old
    Apple Pay, Google Pay
    Enjoy all debit card features and exclusive privileges at China Cultural Centre, including discounts for performances and workshops.
    HomeTeamNS PAssion POSB Debit Card
    • Annual Fee

      S$100 for 5 years and S$150 for 10 years

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$100 for 5 years and S$150 for 10 years
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay, NETSPay, PayLah!
    Earn up to 2% cashback alongside a host of other exclusive HomeTeamNS and PAssion benefits with this debit card.
    Citibank Debit Mastercard
    • Annual Fee

      S$ 0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$ 0
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay
    This debit card features a range of benefits including multi-currency access and contactless technology to streamline day-to-day payments.
    ICBC VISA Dual Currency Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      18 years old

    • Mobile payments

    S$0
    N/A
    18 years old
    Apple Pay, Google Pay
    A multi-currency account linked debit card with fee-free exchanges for various foreign currencies including RMB, USD and GBP.
    Trust Bank card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      N/A

    • Mobile payments

    S$0
    N/A
    N/A
    Apple Pay, Google Pay
    Unlock a world of rewards and earn up to 1.4% p.a. interest on your deposits when you bank with Trust.
    HSBC Everyday Global Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      18 years old

    • Mobile payments

    S$0
    N/A
    18 years old
    Apple Pay
    Enjoy 0% foreign exchange fees on 10 supported currencies when you pay, remit or withdraw cash with this multi-currency debit card.
    DBS UnionPay Platinum Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay, NETSPay, PayLah!
    Make seamless payments in Singapore and Mainland China with this debit card that offers up to 5% cashback on any spend.
    UOB Lady’s Debit Card Review
    • Annual Fee

      First 3 years are free after which S$18 yearly would apply

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    First 3 years are free after which S$18 yearly would apply
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay, NETSPay, PayLah!
    Earn up to 10% SMART$ rebates with this beautifully designed debit card and enjoy a wide array of dining, beauty and shopping privileges.
    PAssion POSB Debit Card
    • Annual Fee

      S$12 for 5-year membership

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$12 for 5-year membership
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay, NETSPay, PayLah!
    Earn up to 3% cashback on dining, groceries and local attractions, as well as complimentary PAssion membership with this debit card.
    UOB One Debit Card
    • Annual Fee

      S$0 annual fee for the first 3 years and with 12 Visa/Mastercard transactions per year - S$18 thereafter

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0 annual fee for the first 3 years and with 12 Visa/Mastercard transactions per year - S$18 thereafter
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay
    Earn up to 3% rebates on daily essentials and 1% on Grab transactions with this card.
    Maybank Platinum Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0
    N/A
    16 years old
    Samsung Pay
    This debit card allows you to transact conveniently and earn reward points from everyday spending.
    UOB Mighty FX Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      18 years old

    • Mobile payments

    S$0
    N/A
    18 years old
    Apple Pay, Google Pay, Samsung Pay
    Benefit from competitive FX rates when you to convert, spend and withdraw funds in 11 supported currencies with zero admin fees.
    OCBC Yes! Debit Card
    • Annual Fee

      S$0

    • Minimum Income

      N/A

    • Minimum Age Requirement

      16 years old

    • Mobile payments

    S$0
    N/A
    16 years old
    Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, NETSPay
    A fuss-free card that offers a 1% cash rebate on your daily spending and access to exclusive deals on entertainment, travel, dining and more.
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    Debit cards and ATM cards: What’s the difference?

    ATM and debit cards may seem rather similar in terms of their functions and use, but there are a few differentiating factors between them. So before we delve into their differences, lets take a detailed look at the purposes for which these cards can be used.

    What is an ATM card?

    When you open a savings account, the bank will issue a simple PIN-based Automated Teller Machine (ATM) card to you. This card is primarily used for cash withdrawal or and make banking transactions at ATMs located nationwide (and overseas). In addition, you can also make cashless payments to pay for purchases at point-of-sale (POS) terminals.

    DBS ATM Card Sample
    Image: Sample of an ATM card from DBS bank.

    You’ll typically find the following details on the front of an ATM card:

    • Logo of the card issuer
    • Embedded microchip with your account details
    • The validity period in MM/YY format
    • Contactless payment symbol (if any)

    On the back of the ATM card, you’ll find the following:

    • Magnetic stripe
    • Logos of of electronic ATM networks (e.g. Cirrus and Maestro)

    What is a debit card?

    A debit card offers all the features that come with an ATM card, but can also be used for payments anywhere credit cards are accepted.

    Debit cards are linked to payment processing networks such as Mastercard and Visa, which allows you to transact conveniently at any retail or online stores as long as debit payments are accepted. The payment amount will then be deducted directly from your account balance. You can apply for a debit card after you’ve successfully opened a bank account.

    DBS Debit Card Sample

    Image: Sample of a debit card from DBS bank.

    You’ll typically find the following details on the front of an ATM card:

    • Logo of the card issuer
    • Embedded microchip with your account details
    • Your 16-digit card number
    • The validity period in MM/YY format
    • Cardholder’s name
    • Card network provider (e.g. Mastercard, Visa etc)
    • Contactless payment symbol (if any)

    On the reverse side of the card, you’d typically find:

    • Magnetic strip
    • Signature bar
    • 3-digit CVC
    • Logos of electronic ATM networks (e.g. Cirrus, Maestro, NETS etc)
    • Helpline numbers to reach you bank in case of emergencies

    ATM cards vs debit cards

    Here’s a side-by-side comparison of between ATM and debit cards:

    FeaturesATM cardDebit card
    Purchase/withdrawal
    • Funds deducted from account balance in real-time
    • Funds deducted from account balance in real-time
    ATM access
    • Yes
    • Yes
    Usage
    • ATM transactions
    • POS terminals (PIN required)
    • ATM transactions
    • POS terminals (PIN or contactless)
    • Online checkout
    Transaction authorisation
    • Pin
    • Pin
    • Signature
    Data storage
    • Magnetic stripe
    • EMV chip (comes with most ATM cards)
    • Magnetic stripe
    • EMV chip
    Rewards
    • No
    • Limited, depends on the card’s reward programme
    Annual fee
    • No
    • Typically free or waivable with minimum annual transactions
    Payment network
    • Interbank
    • Interbank
    • Mastercard, Visa and more

    Bottom line

    In a nutshell, a debit card has much more to offer than a basic ATM card. You can access all the features of an ATM card with a debit card, plus enjoy fast, easy and convenient transactions – whether it’s an online or offline, cash or cashless payment. Some debit cards even comes with merchant discounts, cashback rewards and other perks. Hence, most people prefer to carry a single debit card instead of both cards in their wallets.

    Frequently asked questions

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