Tell me about the OCBC Debit Card.
The OCBC Debit Card is your all-in-one payment companion that links directly to your OCBC Savings or Current Account.
You don't need to worry about carrying bulky cash any longer. Just bring along this card to pay for goods and services globally, shop online securely, and withdraw funds whenever you need them, all while keeping you in complete control of your finances.
What benefits do I get with this debit card?
- Global acceptance: Use your card at millions of merchants and ATMs worldwide displaying the Mastercard, MEPS, or OCBC logos.
- Contactless convenience: Wave and pay with no PIN required for retail transactions under RM250 in Malaysia.
- Online security: Shop online with confidence using secure 2-factor authentication via the OCBC Malaysia Mobile Banking app.
- Smart savings: Link your card to an OCBC 360 Account/-i to potentially earn higher interest or profit rates on your account balance when you spend.
- Customisable limits: Easily manage your daily spending and withdrawal limits via OCBC Internet Banking to suit your lifestyle.
Are there any other features I should know of?
Security is built into the OCBC Debit Card to give you peace of mind. For your protection, the card is blocked by default from overseas and online (Card-Not-Present) transactions, but you can easily enable these features anytime via OCBC Internet Banking or by calling the Contact Centre.
You also stay in complete control with instant SMS alerts for transactions above your set threshold, allowing you to monitor your spending and detect any unauthorised usage immediately.
What are the fees or charges?
- Issuance fee: RM8.00 (one-time fee).
- Annual fee: RM8.00 per annum.
- Card replacement fee: RM12.00.
- Overseas ATM withdrawal: RM10.00 per withdrawal at ATMs with the Mastercard logo.
- Currency conversion fee: Conversion rate determined by Mastercard plus admin fees; no additional admin charge from OCBC Bank.
- MyDebit cash out: RM0.50 per transaction.
What are the transaction limits?
- Daily purchase limit: Up to RM5,000 (can be adjusted or set to RM0).
- Daily ATM cash withdrawal: Up to RM5,000.
- Daily ATM fund transfer: Up to RM30,000.
- Contactless limit: RM500 cumulative limit; PIN required once this limit is reached or for single transactions over RM250.
Who is eligible to apply?
You must be at least 18 years of age to meet the standard account opening and agreement criteria.
Additionally, you must hold an approved individual OCBC Savings or Current Account, whether conventional or Islamic, to serve as the designated account for your transactions.
To apply, please prepare the following items.
- Original MyKad (NRIC) for Malaysians.
- Passport and other supporting documents as required by the bank for non-Malaysians.
- If you are already an account holder, no additional documents may be needed if you apply via OCBC Internet Banking.
