OCBC debit cards
Enjoy a wide range of card perks or earn rebates from your everyday transactions.
OCBC offers four debit cards, each with its own unique features and rewards. Learn more about the various OCBC debit cards and compare your options before applying.
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What's in this review?
- What are the features of OCBC debit cards?
- What are the debit cards offered by OCBC
- What fees could I be charged with OCBC current accounts?
- How do I compare debit cards?
- Are there any benefits or drawbacks to using a debit card?
- What should I look out for?
- How do I apply for an OCBC debit card?
- Compare a range of debit cards in Singapore
- Frequently asked questions
What are the features of OCBC debit cards?
- No annual fee. Other than the OCBC Plus! Visa debit card, all other cards are free to use.
- Rebates. All OCBC debit cards comes with attractive rebates and discounts when you spend at selected merchants.
- Exclusive perks. Enjoy a wide array of shopping, lifestyle and entertainment deals at partner merchants.
What are the debit cards offered by OCBC
OCBC offers four debit card options to choose from:
|OCBC YES! Debit Card|
|FRANK Debit Card|
|OCBC Plus! Visa Debit Card|
|NTUC Plus! Visa Debit Card|
Note: Information provided is accurate at the time of writing (26 October 2020)
What fees could I be charged with OCBC current accounts?
Here are some fees you may incur while using an OCBC debit card:
- Annual fee. While most OCBC debit cards are free, the OCBC Plus! Visa card has an annual fee of $24 (waived for the first year).
- Early account closure fee. If you choose to close an account before a set deadline, you may incur a premature termination fee of $30.
- Miscellaneous fees. Watch out for miscellaneous charges such as overseas cash withdrawal fees and card replacements penalty.
How do I compare debit cards?
- Fees. Check to the debit card you’re considering comes with any annual fees or overseas cash withdrawal charges.
- Daily limits. Find out what are the daily spending and withdrawal limits for the card.
- Deals and rewards. Maximise your savings by considering the type of rewards, rebates or perks offered by the card.
Are there any benefits or drawbacks to using a debit card?
- There is usually no annual or monthly fee. Unlike credit cards, debit cards generally don’t charge any annual fee.
- Credit rating doesn’t matter. You need not worry getting your application rejected due to your credit history.
- No risk of debt. Since the money is being withdrawn from your available funds immediately upon payment, you’ll not run the risk of accumulating any debt with a debit card.
- Exclusive deals and rewards. Your card may offer selected merchants perks and rebates.
What should I look out for?
- Average return. Debit cards generally offer less value in terms of rewards or cashback compared to credit cards.
- Spending limitations. You are limited with the amount of money you can spend by what is available in your transaction account.
How do I apply for an OCBC debit card?
You’ll need to be an existing OCBC account holder to apply for an OCBC debit card. If you have an OCBC account, simply click on the ‘apply now’ button on the specific card page on OCBC’s website to proceed. If you don’t have an OCBC account yet, make sure to compare the various types of accounts available and find one that best suits your needs.
New applicants (Singapore citizens and PRs) can apply with their SingPass, a simple and secure application process that speeds up the process by retrieving your personal details and income information directly from MyInfo. Alternatively, you can also fill up an online application form listed on OCBC website if you don’t have a SingPass account.
Like any other bank accounts in Singapore, make sure that you meet the eligibility criteria for the specific account that you’re interested in and have all the relevant documents you need on hand.
The eligibility criteria may vary depending on the specific OCBC debit card you’re applying for, but you’d typically need to meet these requirements:
- Age. You must be at least 16 years of age
- Residency. Singapore citizen, permanent resident or foreigner with a valid visa.
Make sure you have the following information and documents on hand when you apply:
- Singapore citizens and permanent residents. ID and the latest copy of a proof of residence (e.g. local utility bill, local telecommunication bill, local bank statement)
- Foreigners working in Singapore. Passport, Employment Pass, proof of residence (e.g. IPA issued by MOM, Work Permit issued by MOM)
- Foreigners studying in Singapore. Passport, matriculation or student card approved by the ICA, or proof of residence (e.g. utility bill, telecommunication bill, bank statement)