DBS Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
DBS Bank suits households in Singapore and travellers who want a multi-currency Visa debit card with cashback and no monthly charge. The monthly fee is SGD 0 and cashback runs at 4%, but the currency conversion fee of 3.25% is the number to watch on foreign purchases.
Key facts
- Best for
- A multi-currency Visa debit card with a monthly fee of SGD 0 for spending in Singapore and on trips abroad.
- Monthly fee
- SGD 0↗
- Currency conversion fee
- 3.25%↗
- Card type
- Debit↗
- Cashback rate
- 4%↗
- Card network
- Visa↗
- Currencies
- 11↗
- Legal entity
- DBS Bank Ltd↗
- Headquarters
- Singapore↗
- Founded
- 1968↗
- Support channels
- Phone, Help-centre↗
- Features
- Multi-currency, Travel
- Audience
- Students, Kids
- Official website
- dbs.com.sg
Credit cards
- Card kind
- Credit↗
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- The debit card carries a monthly fee of SGD 0 and pays cashback of 4%.
- Features cover multi currency and travel and the card works across 11 currencies.
- Help is available on phone and help centre, which helps anyone setting up a first account.
Cons
- The currency conversion fee of 3.25% sits above the debit card ranking median 1% and leaves DBS Bank at 240 of 258 on that measure.
- Support runs on phone and help centre, with no branch counter in that list.
- Cashback of 4% can be swallowed by 3.25% in conversion on a single foreign purchase.
Who it suits
- Households in Singapore paying everyday bills on a visa card.
- Students and parents opening a first account, since the stated audience is student and kids.
- Travellers who hold several currencies, with 11 available on the card.
Who should look elsewhere
- Readers who bank in the UK or Europe, since DBS Bank is a Singapore account; Wise is the alternative here with a monthly fee of £0.
- Anyone converting currency often, who should weigh bunq or Wise against a conversion fee of 3.25% on every foreign purchase.
- Shoppers who want a secured card instead, since Varo Believe Secured Credit Card is that route with a monthly fee of $0.
How DBS Bank compares
9.2 vs 9.4
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 9.2
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 9.3
9.2 vs 8.9
9.2 vs 8.6
9.2 vs 9.2
9.2 vs 8.4
9.2 vs 8.5
9.2 vs 8.8
9.2 vs 9.0
9.2 vs 8.6
9.2 vs 8.3
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.0- 9.2 vs 8.0
Where DBS Bank is available
- Available
- Singapore
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the card cost each month?+
The debit card carries a monthly fee of SGD 0, so holding it adds nothing to the account each month. Cashback of 4% comes back on spending. The running cost that matters is the currency conversion fee, not a monthly charge.
What is the currency conversion fee?+
Foreign transactions cost 3.25% in conversion, well above the debit card ranking median 1%. DBS Bank places at 240 of 258 brands on that fee, so frequent converters pay more here than at the cheapest accounts.
Is this a debit card or a credit card?+
The card type is given as debit and the card kind as credit, and it runs on the visa network. Cashback of 4% applies on the same card, so rewards do not depend on borrowing.
How many currencies can I hold and spend?+
The card covers 11 currencies and the stated features are multi currency and travel. That suits a household keeping several balances at once rather than converting each payment. Spending outside the home currency still triggers 3.25% in conversion.
How do I get help?+
Support runs on phone and help centre, so phone and an online help centre are the stated routes. Branch counters and live chat are not part of that list. DBS Bank operates as DBS Bank Ltd and was founded in 1968.
Who is the card aimed at?+
The stated audience is student and kids, so students and children are part of the target group. DBS Bank is a Singapore bank, which makes the card most natural for local spending and travel from Singapore, with 11 currencies for trips.
How does the cost compare with the other options?+
bunq and Varo Believe Secured Credit Card list monthly fees of €0 and $0, matching DBS Bank's SGD 0. The difference sits in what the card does: multi-currency holding for 11 currencies against a 3.25% conversion fee.
How are the cost and offer scores split?+
The cost part of the score is 3.6 and the offer part is 6.7, with an overall 4.9. On the monthly fee, DBS Bank ranks at 1 of 422 brands, so cost strength comes from the absence of a monthly charge.
Sources
- en.wikipedia.org/wiki/DBS_Bank checked September 26, 2026
Backs: Headquarters
“headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore”
- dbs.com.sg checked September 26, 2026
Backs: Founded, Legal entity
“DBS Singapore's leading consumer bank, financing Singapore's growth since 1968.”
- dbs.com.sg/i-bank/cards/cards-rates-fees.page checked September 26, 2026
Backs: Currency conversion fee
“DBS Debit Card - Fees and Charges: Our prevailing administrative fee is up to 2.65% on the converted Singapore Dollar amount. Total administrative fees and fees for conversion factor shall not exceed...”
- dbs.com.sg/i-bank/cards/debit-cards/dbs-visa-debit checked September 26, 2026
Backs: Card type, Cashback rate, Currencies, Features, Monthly fee, Card network, Support channels
“Apply for DBS Visa Debit Card online and earn Cashback”
- dbs.com.sg/personal/cards/cards-rates-fees.page checked September 26, 2026
Backs: Card kind
“DBS Credit Card Charges - Late payment charge per account: S$100 will be levied if minimum payment is not received on the card account by payment due date”
- dbs.com.sg/personal/deposits/default.page checked September 26, 2026
Backs: Audience
“Banking for Your Child; Banking for Teens; Master your money moves with us We will help you save smarter and live better in this student edition”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
DBS Bank
A multi-currency Visa debit card with a monthly fee of SGD 0 for spending in Singapore and on trips abroad.