OCBC business debit card review 2026: Features, fees, and benefits

Rating

Overall rating: 3.8/5

Methodology

Arithmetic mean approach

The final score is calculated by averaging all category scores to provide a balanced assessment.

Equal weighting with relevance adjustment

Each pillar is assigned weightage based on its practical importance. Core areas such as pricing clarity, usability, and spend controls carry relatively higher importance, while supplementary features such as rewards have lower impact.

Data sources

This evaluation is based on official OCBC product information and publicly available details. Where information such as fees or FX markups is not fully disclosed, scores reflect this limitation.

Interpretation caveat

The rating reflects a generalised business use case and may vary depending on transaction patterns, international usage, and operational requirements.

Intended use

This rating is intended as a directional comparison tool, not as a definitive recommendation.

[Table:1]

Key features of the OCBC business debit card

Eligibility dependent on the business account

The card is available with an OCBC Business Account, which requires a minimum deposit of SGD $1,000 and carries a monthly fee of SGD $10. The business debit card is issued with no annual fee and no recurring maintenance costs.

Cashback structure across spending categories

The debit card offers a tiered cashback system:

• 1% cashback on selected business categories, including:
  

• Digital marketing (e.g. Facebook, Google, LinkedIn)
  
• Software services (e.g. Adobe, Microsoft, Xero)
  
• Online retail (e.g. Amazon, Lazada, Shopee)
  
• Travel (airlines, hotels, tour operators)
  

• 0.2% cashback on all other eligible transactionsThe additional 0.8% cashback (on top of the base 0.2%) is capped at SGD $80 per month, while the base 0.2% cashback remains uncapped¹.
  

No minimum spend requirement

Cashback is earned without any minimum spend threshold, allowing businesses to receive rebates regardless of transaction volume.

Direct debit from business account

All transactions are automatically deducted from the linked OCBC business account, removing the need for credit cycles or repayments.

Consolidated transaction tracking

Card spending is reflected within the same business account statement, enabling simplified tracking and reconciliation without separate card billing.

Mobile wallet compatibility

The card can be added to Apple Pay, Google Pay, and Samsung Pay, supporting contactless and online payments.

Access to card details via digital platforms

Card information, including number and transaction history, can be accessed through:

• OCBC Business Banking app
  
• OCBC Velocity (online banking platform)
  

Mastercard and NETS network support

The card operates on Mastercard and NETS networks, enabling:

• Local payments across Singapore
  
• International payments where Mastercard is accepted
  

ATM access locally and globally

Cash withdrawals are supported at:

• Over 1,200 ATMs in Singapore
  
• International ATMs displaying Mastercard or MEPS logos
  

Promotions and partner offers

Cardholders can access various ongoing programmes, including:

• OCBC card promotions (e.g. dining, travel, lifestyle offers)
  
• Mastercard Easy Savings Specials
  
• Mastercard Priceless Specials
  
• Mastercard Travel Rewards (cashback on selected global brands)
  

How to get an OCBC business debit card in Singapore

Step 1: Open an OCBC Business Account

To get the debit card, businesses must first have an OCBC Business Account, as the card is issued and linked to this account. The account can be opened online by providing business details such as your UEN (Unique Entity Number) and verifying identity through Singpass or relevant documentation.

Step 2: Apply for the debit card

Once the business account is active, the debit card can be requested through one of the following methods:

• Online or account onboarding flow when opening the business account
  
• Download and complete the application form
  
• Submit the form via mail or at an OCBC branch
  

The application typically requires:

• Business account details
  
• Authorised signatory or director approval
  
• Cardholder details
  

Step 3: Approval and issuance

After submission, the application is reviewed by the bank. Once approved:

• A digital card is issued first, allowing immediate use for online transactions
  
• A physical card is mailed to the registered business address
  

Step 4: Activate the card

The physical card needs to be activated before use. This can be done through:

• OCBC Velocity (business internet banking)
  
• OCBC Business mobile app
  

Step 5: Start using the card

After activation, the card can be used for:

• Business payments (online and offline)
  
• ATM withdrawals (local and overseas)
  
• Adding to mobile wallets for digital payments
  

Pros and cons of the OCBC business debit card

[Table:2]

OCBC business debit card vs Aspire corporate card

[Table:3]

Other alternatives to the OCBC business debit card in Singapore

Wise Business card

Wise Business offers a multi-currency debit card for international payments with transparent pricing. It supports instant virtual card issuance, low-cost physical cards, and spend controls at card and user levels. Transactions use the mid-market exchange rate with low fees, and the card integrates with tools like Xero, QuickBooks, and NetSuite. Pricing is pay-as-you-go with no monthly fee and a one-time setup fee of SGD $99².

Revolut Business card

Revolut Business offers a multi-currency debit card with support for up to 50 virtual cards per user and both standard and premium physical cards⁴. It includes spend controls, expense tracking with receipt capture, and accounting integrations. Pricing is based on tiered plans, with higher plans offering greater FX allowances and additional features.

WorldFirst World card

WorldFirst provides a virtual corporate card for cross-border payments, supporting 150+ currencies. It allows businesses to issue up to 25 virtual cards, set basic spend limits, and earn up to 1.2% cashback on eligible online spend. It offers 0% FX on selected currencies when using held balances and follows a pay-as-you-go pricing model with no setup or monthly fees.

Conclusion

The OCBC Business Debit Card is a practical option for Singapore businesses seeking a bank-backed card for everyday transactions, with support for local payments and basic expense controls. Its integration with OCBC's business banking ecosystem makes it suitable for companies that prefer to manage finances within a traditional banking setup.

However, as a standard debit card, it offers limited features beyond payments, with no built-in expense management tools or advanced spend controls.

For businesses looking for a more integrated solution, Aspire combines corporate cards with expense management, accounting integrations, payroll, and invoice management.

Open an Aspire business account to manage your business finances in one place.

Frequently asked questions

What are the fees associated with the OCBC Business Debit Card?

The debit card itself has no annual fee. However, the linked OCBC Business Account requires a minimum deposit of SGD $1,000 and a monthly fee of SGD $10. Other charges, such as FX or ATM fees, are not fully disclosed.

Can businesses issue multiple cards for teams?

No, the OCBC Business Debit Card is typically limited to one card per account, which may restrict usage for teams or larger businesses. However, you can opt for an OCBC Virtual Purchasing Card via the Visa Commercial Pay app, which allows you to issue multiple virtual cards.

Does the card support multi-currency spending or wallets?

No, the card primarily operates in SGD. While international payments are supported, there is no multi-currency wallet, and FX conversions are based on standard bank rates.

Is expense tracking automated with this card?

No, transactions are visible in the account statement, but there are no built-in tools for receipt capture, categorisation, or auto-reconciliation.