Corporate Card

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

Content Team

March 26, 2026

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

Summary

The OCBC business debit card is issued with an OCBC business account and operates as a bank-backed debit card with no annual fee, though the account requires a minimum deposit and a monthly fee
It offers a tiered cashback structure: 1% on selected categories such as digital marketing, software, online retail, and travel, and 0.2% on all other eligible transactions, with no minimum spend requirement
The card supports global payments via the Mastercard network and allows ATM withdrawals locally and internationally, but operates primarily in SGD and lacks a multi-currency wallet
Transactions are directly deducted from the linked business account and consolidated into a single statement, making it easy to track spending within the OCBC banking ecosystem
Expense management capabilities are limited, with no built-in features such as receipt capture, approval workflows, or accounting integrations, making it less suitable for businesses with structured spend management needs
Businesses evaluating similar solutions may also consider providers such as Wise Business card, Aspire corporate card, or Revolut Business card, which offer stronger multi-currency support, expense management features, and scalability

The OCBC business debit card is issued with an OCBC business account and operates as a bank-backed debit card with no annual fee, though the account requires a minimum deposit and a monthly fee.

In this guide, we break down OCBC business debit card features, fees, benefits and alternatives.

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.

Pillar	Weightage	Score	Rationale
Feature	20%	3.6	The card provides core functionality, including cashback, global payments, and basic controls. However, it does not include built-in expense management features such as receipt capture, accounting integrations, or approval workflows.
Pricing transparency & FX	20%	3.7	The pricing structure is relatively clear at the account level, with a fixed monthly fee. However, foreign exchange rates and ATM-related fees are not fully disclosed, which limits visibility into costs for international usage.
Global spend capability	20%	4.1	Supported on the Mastercard network, the card enables international payments and ATM withdrawals. While global acceptance is broad, the card primarily operates in SGD without multi-currency wallet functionality.
Ease of use	20%	4.2	The card is integrated directly with the OCBC Business Account, enabling straightforward use, consolidated statements, and digital access via the app and web platforms. The absence of complex setup or integration requirements makes adoption easier.
Card security & expense management	20%	3.4	Includes standard security features such as 3D Secure, card freezing, and spend limits. However, expense management capabilities are limited, with no advanced controls, automated workflows, or built-in reconciliation tools.

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

Category	Pros	Cons
Account access	Fully integrated with OCBC business banking for seamless account management	Requires an OCBC Business Account; not available as a standalone product
Account fees	No annual fee and no minimum spend requirement	Limited feature set despite being free
Rewards	1% cashback on digital marketing, software, online retail, and travel; 0.2% unlimited cashback on other spend
Card access	Instant digital card via OCBC Business Banking app or OCBC Velocity	Only one card per account, limiting scalability for teams
Global spend	Accepted worldwide via Mastercard network; access to global ATM network	Overseas transactions are subject to standard bank FX rates, increasing costs
Mobile payments	Supports Apple Pay, Google Pay, and Samsung Pay
Expense tracking	Transactions consolidated into a single account statement with no separate card bill	No receipt capture or automated expense categorisation
Expense management	Simple to use for basic business spending	No approval workflows or spend controls for teams
Integrations	Works within OCBC's ecosystem for banking and payments	No direct integrations with accounting tools like Xero or QuickBooks
Bill payments	Suitable for everyday card-based transactions	No built-in bill payment or vendor management capability
ATM access	Widely accepted across 1,200+ ATMs in Singapore and globally via Mastercard/MEPS
Promotions & perks	Access to OCBC deals and Mastercard Priceless Specials

OCBC business debit card vs Aspire corporate card

Feature / Category	OCBC business debit card	Aspire corporate card
Type	Corporate debit card	Multi-currency debit card
Activation fee	Requires an OCBC Business Account with a minimum deposit of SGD $1,000 and a monthly account fee of SGD $105	SGD $0 (Basic); SGD $15/month (Premium)
Pricing model	Monthly account fee	Subscription tiers
Network	Mastercard	Visa
Virtual cards	Yes (digital card via app)	Up to 200 per user for basic plan and up to 300 for premium plan
Physical cards	Yes, free first card	Yes, free first card, SGD $15/additional
Card spend currencies	SGD primary; overseas spend supported (standardbank FX rates apply)	30+ currencies across 130+ countries (0% FX onUSD, SGD)
Cashback	1% on digital marketing, software, online retail & travel; 0.2% on all other spending	1% on marketing & SaaS spend
Spend limit controls	Card level (daily/monthly limits)	Card level, team level, project level, client level, and merchant level
Approval workflows	No	Yes
Receipt capture	No	Yes
Auto transaction match	No	Yes
Accounting integrations	None	11 (including Xero, QuickBooks, Netsuite, Osome FreshBooks, Deskera)
Bill payments	No	Yes
Overseas ATM withdrawals	Yes, via Mastercard/MEPS ATMs worldwide (feesnot disclosed)	Yes, SGD $5 per withdrawal
Card security	3D Secure, instant freeze, spending controls	3D Secure, instant freeze, spend limits, merchant locks

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.

Sources

OCBC, Business debit - https://www.ocbc.com/business-banking/smes/transactions/business-debit-card
Wise Business - https://wise.com/sg/pricing/
Revolut, Corporate cards - https://www.revolut.com/en-SG/business/cards/
Aspire, Pricing - http://aspireapp.com/pricing
OCBC, Business banking pricing - https://www.ocbc.com/business-banking/help-and-support/accounts-and-services/business-pricing-guide

This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our 'Terms of Service' and 'Pricing' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.