Read the detailed OCBC business debit card review to see how it works for international spending
Key takeaways
- The OCBC business debit card is a single-currency (SGD) card available with the OCBC Business growth account
- Purchases are deducted directly from the linked SGD business account, with no separate monthly card bill
- The OCBC card supports local and international spending wherever Mastercard is accepted
- Businesses with cross-border payment needs can also consider a multi-currency card, such as the World Card, which is linked to a multi-currency account supporting 20+ currencies
The OCBC business debit card is a digital card linked to the OCBC business growth account for businesses in Singapore. Issued by OCBC Bank, it allows businesses to pay directly from their SGD account balance for everyday and international business spending. The card is linked to the OCBC Business Growth Account which requires an initial deposit of S$1,000.
This review takes an in-depth look at the OCBC business debit card’s features, fees, cashback programme, eligibility, spending limits and international usage.
What is the OCBC business debit card?
The OCBC business debit card is a single-currency (SGD) debit card issued to businesses that hold an OCBC Business Growth Account.
Businesses can choose either a physical or digital card variant for online purchases, in-store payments (including contactless payments through supported mobile wallets) and overseas transactions. The card works wherever Mastercard is accepted.
Pros and cons of the OCBC business debit card
| Pros |
Cons |
- Comes at zero cost with an eligible OCBC business growth account
- Compatible with Apple Pay, Google Pay and Samsung Pay
|
- While international transactions are supported, there’s no multi-currency support
- The linked business growth account requires an initial deposit of S$1,000 and also charges a fee if the minimum balance requirement is not met
|
OCBC business debit card fees
| Fee type |
OCBC Business debit card fees |
| Card issuance fee |
Zero with an eligible OCBC business growth account) |
| Annual fee |
Not specified |
| Foreign currency transaction / currency conversion |
2.8% |
| ATM withdrawal fees |
- Shared ATMs (Singapore): S$0.30 from the third withdrawal each month
- Overseas ATMs: 3%
- Malaysia/Indonesia partner ATMs: Up to S$5 per withdrawal
|
| Replacement card fee |
S$20 per replacement card |
*Fees checked in July 2026
OCBC business debit card: Main features
Business spending and cashback
The card earns cashback on eligible business spending categories, including e-commerce, digital marketing, software services and travel. Transactions are deducted directly from the linked OCBC business growth account.
Digital card and mobile wallet support
Businesses can access a digital version of the card through the OCBC business app. The card also supports Apple Pay, Google Pay and Samsung Pay for online payments.
International acceptance
The OCBC business debit card can be used wherever Mastercard is accepted and for cash withdrawals at compatible overseas ATMs. As it is linked to an SGD business bank account, foreign currency transactions are converted to SGD, with all non-USD currencies first converted to USD before SGD, along with applicable conversion charges.
Security and spending controls
Businesses can request higher limits of up to S$50,000 for daily spending and S$5,000 for daily NETS/ATM withdrawals, with processing taking up to seven business days.
The World Card: A multi-currency card for global businesses
The World Card is a multi-currency card that allows businesses to make transactions in over 150+ currencies, wherever Mastercard is accepted. When you make a payment in any of the 15 supported currencies, no foreign exchange fees is charged (as long as you have sufficient balance)
Businesses can issue up to 20 virtual cards at no additional cost, so you can assign separate cards for different employees, departments or spending categories. The card also includes spending controls, the ability to freeze or unfreeze cards instantly, real-time transaction tracking and cashback on eligible business spending (terms and conditions apply).
The World Card is linked to the World Account, WorldFirst’s multi-currency account for businesses handling international payments. The account allows businesses to hold funds in 20+ currencies, including SGD, USD, GBP, EUR, AUD, NZD, CNH, HKD and JPY.
Key features of the World Account:
- Collect payments from over 130 global marketplaces and payment gateways
- Send payments in more than 100 currencies to 200+ countries and regions
- Send payments to other World Account holders without transfer fees
- Lock in exchange rates with forward contracts (available to eligible Singapore businesses)
- Integrations with Xero, NetSuite and other accounting platforms
OCBC Business debit card vs World Card comparison
| Feature |
OCBC Business debit card |
World Card |
| Card type |
Single-currency (SGD) debit card |
Multi-currency Mastercard |
| Card issuance fee |
Zero |
Zero |
| Annual fee |
Not specified |
Zero |
| Supported currencies |
SGD-only |
150+ currencies |
| Number of cards |
Not specified |
Up to 20 virtual cards at no additional cost |
| Cashback |
Available on eligible spending (terms and conditions apply) |
Available on eligible spending (terms and conditions apply) |
| Foreign transaction fee |
2.8% |
Zero when paying in any of the 20+ supported currencies, provided sufficient balance is held in that currency |
| Linked account |
OCBC business growth account (SGD) |
World Account (multi-currency account supports 20+ currencies) |
| Linked account fee |
None, but an initial deposit of S$1,000 is required |
Zero |
| Digital and mobile wallet support |
Yes |
Yes |
| Spending controls |
Daily spending and withdrawal limits can be increased upon request (up to S$50,000 spending and S$5,000 ATM/NETS withdrawal) |
Set custom spending limits, freeze or unfreeze cards, and track transactions in real time. |
*Fees checked in July 2026
FAQs
What is the OCBC business debit card ?
The OCBC business debit card is a single-currency (SGD) Mastercard business debit card linked to an OCBC business growth account.1 Transactions are deducted directly from the available account balance, and eligible spending can earn cashback subject to OCBC’s terms and conditions.1
How do I get an OCBC business debit card ?
Users can first open an OCBC business growth account. Eligible account holders can then apply for the business debit card, which is provided at no additional card issuance cost.
Can the OCBC Business debit card be used for international transactions?
Yes. The card can be used wherever Mastercard is accepted worldwide, including overseas merchants and compatible ATMs.
What is the difference between a single-currency debit card and a multi-currency card?
A single-currency debit card, such as the OCBC business debit card, draws funds from one currency account, in this case: SGD. Purchases made in other currencies are converted before settlement. A multi-currency card, such as the World Card, can draw funds directly from multiple currency balances, allowing businesses to pay in supported currencies without conversion when sufficient funds are available.
Sources
- https://www.ocbc.com/business-banking/smes/transactions/business-debit-card?qualtric=faq
- https://www.ocbc.com/group/about-us/group-business/milestones.page
- https://www.ocbc.com/business-banking/smes/accounts/business-growth-account?qualtric=faq#accounts
- https://www.ocbc.com/assets/pdf/debitcard-fee-charge.pdf
- https://www.ocbc.com/assets/pdf/accounts-and-services/ocbcgc0158-foreign-business-pricing-guide.pdf
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
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