Best Debit Cards in Singapore (2025)

Product details:

• 4% cashback on online food delivery, 3% on local transport, and 2% on overseas spend when you meet the monthly minimum spend and withdrawal criteria.

• 0% foreign exchange fees on spending in 11 foreign currencies when linked to DBS My Account and sufficient funds are available in the respective foreign currency wallet.

• Up to 5% cashback on Malaysian Ringgit (MYR) spend every weekend, capped at S$10 per week.

• Unlimited free local ATM withdrawals at DBS/POSB ATMs. Overseas ATM withdrawals are available with fees waived only for select accounts or promotions.

• No monthly fees or minimum balance requirement when linked to DBS My Account.

• Set daily and monthly spending limits for your debit card transactions through the DBS digibank app

• Spend overseas or online securely with Visa Debit protection and support for digital wallets like Apple Pay and Google Pay.

• Seasonal offers and promotions available, such as cashback campaigns during festive periods or limited-time rewards

Product details:

• Up to 4% rebate at Cold Storage, Giant, and Guardian when you spend a minimum of S$400 per month.

• Free PAssion membership, granting access to discounts at over 2,000 merchant outlets and community facilities. Enjoy a further 2% off the member's rate when payment is made with the card.

• 1-for-1 tickets at selected popular attractions, cinemas, and merchants on the 10th of every month.

• 1% cashback at Takashimaya Department Store.

• You need to have a POSB Savings Account, DBS Savings Plus Account, DBS Autosave Account, or DBS Current Account.

• Read our full review of the PAssion POSB Debit Card

Product details:

• 1% cashback on fast food, selected convenience stores, online merchants and transport merchants, with minimum spend of $400 per calendar month. Merchants include Grab, Zalora, Lazada, Fairprice Online, 7-Eleven, and McDonald's.

• You need to have a OCBC Deposit Account

• 120 stylish designs to choose from. Customisation fees range from S$0 to S$30 depending on card design.

• Read our full review of the OCBC FRANK Debit Card

Product details:

• Spend in 50+ currencies worldwide with real exchange rates and low conversion fees from just 0.43% when you don't hold the currency.

• 2 free ATM withdrawals per month up to S$350, with a small fee of S$1.50 + 1.75% applying thereafter.

• Quick and easy currency conversion through the Wise app, letting you lock in favourable rates or auto-convert on spend.

• Manage your spending and security easily via the Wise app—freeze/unfreeze your card, change PIN, or set spending limits anytime.

Debit cards seem straightforward—you spend, the money comes out of your account. But hidden fees can quietly add up if you’re not careful. Let’s go through some common charges you should know, so you can avoid nasty surprises and keep your spending smart.

FX transaction fees

Shopping online on overseas sites or spending in foreign currencies? Be mindful of FX (foreign exchange) transaction fees. These fees usually sneak in when you pay in a currency that’s not SGD. Banks often charge between 2.5% and 3.5% on top of the exchange rate, meaning your $100 purchase could quietly become $103 or more.

For example, if you buy something from Amazon US or ASOS and pay in USD, your final bill will likely include this hidden fee.

Tip: If you shop overseas frequently, consider cards like the Wise Multi-Currency Card, which offers real exchange rates with no hidden markup and much lower conversion fees. For occasional online buys, you can also look out for debit cards that waive FX fees when linked to foreign currency wallets.

ATM withdrawal charges (local & overseas)

Withdrawing cash at ATMs in Singapore is mostly free when you stick to your bank’s machines or networks like atm^5. But once you step outside — say, when you travel — fees can pile up quickly.

Overseas ATM withdrawals usually come with two charges:

1. A flat withdrawal fee (often $5–$7 per withdrawal).

2. A percentage fee on the withdrawal amount (typically 1–3%).

For example, withdrawing $200 overseas might cost you an extra $10–$15 in fees. Even some local ATMs, if not part of your bank’s network, may charge admin fees.

So plan ahead before your trips. Cards like DBS Visa Debit offer limited free withdrawals overseas, while Wise gives you two free overseas withdrawals each month up to a certain limit. Withdraw more in one go to minimise repeated charges.

Monthly maintenance fees

Some debit cards come with linked savings or current accounts that require you to maintain a minimum balance. If you don’t meet this, a fall-below fee applies.

For example, OCBC 360 Account holders need to keep $3,000 daily on average, or pay a $2 monthly fee. Younger adults using OCBC FRANK enjoy fee waivers below age 26, but after that, a minimum balance applies.

While $2 doesn’t sound like much, over a year, it adds up to $24—that’s a nice lunch or two!

Lost your card? Banks often charge a replacement fee, typically between $5 and $15. Wise, for instance, charges $4.32 if you lose your card. OCBC FRANK is a little more generous. The replacement fee may be waived in some cases, like fraudulent activity or expired cards.

Picking a debit card might seem easy, but not all cards are created equal. Some quietly help you save and earn rewards, while others can come with sneaky limitations. Here’s how to choose one that fits your daily lifestyle — so every dollar works harder for you.

Choose based on linked account interest, fees, and perks

Your debit card is often linked to a savings or current account, and that matters more than you think. Look beyond the card itself. Some accounts offer attractive interest rates when you credit your salary, save consistently, or spend on the linked debit card.

For example, OCBC 360 Account holders can unlock higher interest rates by meeting simple criteria like salary crediting and spending. On the other hand, accounts like DBS My Account offer more flexibility with no fall-below fees, but don't reward savings as much.

Consider digital wallet support (Apple Pay/Google Pay/Samsung Pay)

These days, many of us leave home without our physical wallets. That’s where mobile payments come in handy. A debit card that works seamlessly with Apple Pay, Google Pay or Samsung Pay makes life much easier, from tapping in at MRT gantries to buying kopi or groceries.

Most newer cards, like DBS Visa Debit and OCBC FRANK, already support major digital wallets. But it’s worth double-checking, especially if you rely on your phone or smartwatch to pay.

Link with PayNow/Paylah/Pay Anyone for seamless transactions

In Singapore, instant transfers are part of daily life. Whether you’re splitting dinner with friends, paying for tuition fees, or sending angbao digitally during CNY, it’s all about convenience.

Most local debit cards link easily with PayNow, and banks like DBS and OCBC also offer apps like PayLah and Pay Anyone to make cash transfers even quicker.