This is on top of current S$75 cashback per month. You can earn a maximum of S$25 each month for all online and mobile contactless transactions put together and you can earn another S$25 each month on foreign currency transaction. 6.67% cashback on Shopee, Grab, SimplyGo, Giant, Cold Storage, CS Fresh, Jasons & UOB travel. You are required to be the beneficial owner and ultimately own or have effective control of the OCBC Savings Account. Above average but not great, high fee. Rebates and discounts await. Whether youre a first-time buyer, upgrader or investor, find advice you can trust. Conditions of Access| Policies| Security| Notices|Report Vulnerability, https://internet.ocbc.com/internet-banking/inbregistration/index, Terms and conditions governing Electronic Banking, Terms and conditions governing OCBC Electronic, Terms of service governing Online Banking notify-beneficiary, Terms and conditions for OCBC Pay Anyone, Terms and conditions for OCBC PayAnyone via QR, Terms and conditions governing Funds Transfers through the PayNow, Learn more about Phishing, Malware and Online Banking. Cardmembers must meet the S$600 minimum spending requirement each month to be eligible for the bonus cashback. invest, application of products, e-statements, cheque services, settings, secured mailbox are available in Chinese language in this phase (April 2020). Reduce your taxable income by the same amount contributed to your SRS Account, with a maximum yearly contribution of S$15,300 for Singaporeans and Singapore PRs, and S$35,700 for foreigners. Fortunately, OCBC is now revamping the OCBC FRANK credit card to make it a lot more competitive. Card replacement fee is waived for up to 2 replacements within 12 months from the first card replacement. If you break it down into months though, its an average spending of S$834 monthly to get an automatic fee waiver. The main difference is the extra 1% cashback that the Frank card gives over the Live Fresh Card. Bank, dine and shop at the new OCBC Wisma. Ever thought about studying abroad? When there are insufficient foreign currency funds in your Global Savings Account, the foreign currency transaction will by default, be debited - in full - from the primary SGD-denominated account that is tagged to the Debit Card . Since this is a debit card, you won't encounter the same credit limit, fees, or income requirements that you'll face with the OCBC Frank Credit Card. Share the link with any of your friends who are eligible to sign up for the card. You can only apply via MyInfo if youre a Singaporean citizen or permanent resident, and aged between 16 and 25., You do need an OCBC Bank account to go with the debit card. I am a foreign student with a valid student pass. Can I customise the buttons on the quick access bar on Welcome screen and Account Summary dashboard? Food and dining Fitness Fashion, retail and online shopping Apply for a FRANK Account + Debit Card and cop $10 in cashback + vouchers! Looking for the best debit cards in Singapore? S$45,000 a year for foreigners, S$0 for first 2 years, then S$194.40 a year from 3rd year, S$0 for first 2 years, then S$97.20 a year from 3rd year, Minimum spending of S$10,000 in one year, starting from the month after your FRANK Credit Card was issued ($0 annual fees for the first 2 years), NRIC This means you only earn the cashback on the first S$312.50 you spend on these two categories each month. as their agents and authorised service providers - to collect, use and disclose my personal (TIN) or equivalent. purchase of a bag in Euros made at a physical boutique. Is FavePay considered an online or in-store mobile contactless payment transaction? We like that the OCBC FRANK credit card comes with zero annual fee for students while the standard OCBC credit cards comes with a S$194.40 annual fee. Going the credit card route will grant you more freedom with cashback if you have a fixed monthly income of above S$2,500. These boosted rates include: 6% on FX spend, online spend, and mobile contactless spend. The awareness that For most people, the term "investment" tends to refer quite specifically to equities or stocks, and this invariably invites the question "which stock should I buy?". Get one of the best rates in town for hotels, flights and car rentals. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Refer your friends and family members to apply for a FRANK Credit Card and receive up to S$50 per referral! 10% Cashback at: Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS. Read this to know what to consider when choosing the right card for all your needs. Summary: OCBC Frank Card vs. OCBC 365 Card Comparison of Rewards Rates Details of rebate system & structure General & boosted cashback rates Minimum spend requirements & monthly rewards caps Maximum potential annual earnings Comparison of Perks & Privileges Travel insurance offerings Current petrol promotions & savings We are processing and it may take a while. Get Started. Consumers who frequently shop online or pay via mobile will benefit the most from the boosted cashback rates. You can also earn 10% cashback on select green merchants including Scoop Wholefoods & Little Farms. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone app. Access investment ideas, market updates and thematic articles from OCBC investment experts, Get in touch with us1800 363 3333 (local) +65 6363 3333 (overseas)Contact Us, Copyright 2021 OCBC Bank. You friend will also receive the same amount of cashback upon their successful application and respective qualifying spends from 1 March 2022 to 30 April 2022. For months where you feel like saving more and spend less than S$600 a month, youll still be entitled to a 0.3% cashback. Find out how you can be smart about your money with the FRANK Account and Debit Card. (Unless maybe theres a merchant you frequent that falls under UOB TMRWs rewards portal but not under OCBCs). Achieve your goals with proper financial planning. Receive S$50 cash reward when you open a 360 Account and credit your salary within 2 months. Earn an additional 2% when you shop at selected green merchants like Scoop Wholefoods, Little Farms and more! 3% of the transaction amount (Min S$5 and Max S$20). So you dont earn interest on the card itself. Accounts; Cards; Loans; Insurance; Investments; Advisory; More; Login. One big advantage that the Wise multi-currency card offers is that you can hold money in multiple currencies over 50 of them and covert between them at the real mid-market rate, for only a low percentage cost. I am aware that, by signing up for this product or service, I am consenting to Oversea- Reduce your taxable income by the same amount contributed to your SRS Account, with a maximum yearly contribution of S$15,300 for Singaporeans and Singapore PRs, and S$35,700 for foreigners. Can I continue with the current version? Estimate your home affordability, valuation and rental yield in one single calculator. Earn 0.3% cashback if your monthly bill is less than S$1,000 and 1.2% cashback if your monthly bill is equal or greater than S$1,000. Fill in the details and submit the online form. Congratulations on successfully joining Singsaver Newsletter. Only retailers on this list will grant you the 1% cashback with the debit card. These products will cease to function on 1 February 2023. The $200 billion financial institution already controls 26% of the total youth market in Singapore estimated to number 748,000 strong but hopes its FRANK initiative will help seal its iron grip on Gen-Y. It is not intended to amount to advice on which you should rely. From 8 May 2023, the interest rate applied to the outstanding balance for all OCBC credit cards will be 27.78% instead of 26.88% per annum. Effective 1 July 2020, new applicants for the FRANK Credit Card can choose between 2 designs Obsidian (FRK2020) and Vortex (PRF0002). This article will tell you the key details about the OCBC Frank Debit Card, as well as information about one alternative: the new Wise multi-currency card, an option thats particularly good if you often travel abroad. Youll know exactly where your money is going. Proof of address in Singapore - What is it and how to get one. The maximum cashback an Eligible Debit Cardholder can get within the Promotion Period is S$40. Wise is the trading name of Wise Asia-Pacific Pte Ltd, which is a company incorporated under the laws of Singapore with Unique Entity Number 201422384R. Documents for new OCBC customer, Passport with 6 months' validity cards-referral-application?AgentSourceCode=FRKRF1. With the same minimum spending requirement and eco-centric merchant focus, the OCBC FRANK credit card has a slight edge over the DBS Live Fresh with a higher cashback cap. Up to $1,788 cash reward when you apply for selected eligible insurance plans. How does it compare to other cashback cards? 6 best alternatives to PayPal in Singapore: for business and personal use. You've gotten your first pay cheque. Will I be able to see content in Chinese language across all services and features in the Mobile Banking app? Get data and insights into the financial wellness of Singaporeans. To launch FRANK, OCBC conducted a ton of research, innovated new products, designed a cool new store and did it all with heaps of style. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Online transactions are defined as goods and services you buy via the internet and mobile apps. account and ultimately own or have effective control of the OCBC Savings Account. You're a young working professional. Always go to https://www.ocbc.com/login or use the OCBC Digital app to make your transactions. All rights reserved. Pros Plugged into the Grab wallet ecosystem Able to earn more rewards across wider range of merchants Insurance for mobile phone and online purchases Your friends will also receive the same amount of cashback when they successfully apply for a FRANK Credit Card with your invite link. Some of the offers shown on this site are from companies which MoneyMate may receive compensation. The app is supported on devices running on iOS 10.3 and Android 4.4, or later. If the only thing stopping you from embracing the mobile payment revolution is the risk of fraud, heres a nice feature to consider. Buy and sell Unit Trusts, Singapore Government Securities and BCIP easily via the app. While the OCBC Frank Credit Card was specifically designed for young adults, we think its a good deal for anyone who typically shops online and pays via their mobile. Thank you for registering with FRANK Credit Card Referral Program. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Once your friend signs up for the card and makes eligible transactions (as per table below), both you and your friend will receive the relevant cashback in your FRANK Credit/Debit Cards Account. We will never share your details with anyone. Highlights. 1% in cashback on dining, transport, online shopping and purchases made at selected . This is why we are progressively building and releasing these updates. After which, the transaction amount is deducted accordingly. 18 years old for supplementary card, S$30,000 a year for Singaporeans or Singapore PRs You will receive electronic versions of Letters for all your relationships/accounts. Your OCBC account will be linked with your debit card. Simply tap on the notification and you're done! This referral program is valid from 1 March 2022 to 30 April 2022. The main updates are: Why is the app being updated so frequently? Get Started OR CHECK OUT RECOMMENDED PRODUCTS OCBC 360 Account FRANK Credit Card FOR STUDENTS Find out how you can be smart about your money with the FRANK Account and Debit Card. Online You are able to apply for your FRANK account and debit card online. Sign-up to receive an occasional update from us. There are 2 ways you can get yourself an OCBC Frank debit card: you can apply online via MyInfo, or you can visit a Frank or OCBC location near you. FRANK Accounts are not available under joint account holdings. Please note that safety procedures are adhered to at OCBC Branches to ensure safe distancing during COVID. Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118, Citi Cash Back+ Mastercard Card Review: 1.6% Cashback On All Spend. Its also easy to hit the minimum annual spending for the annual fee waiver, making this a low-cost card with decent cashback. Do I need to upgrade my mobile device to download and use the latest app? Use the mobile banking app to dispute the charge. Once your online application has been received, a physical application form will be mailed to you. Order a replacement card and well cancel your card and mail a new one to you right away. Wise Asia-Pacific Pte Ltd is regulated as a Major Payment Institution by The Monetary Authority of Singapore (MAS) license: PS20200413. That makes it suitable for all life stages it doesnt matter whether youre spending at ASOS or Mothercare, Starbucks or Sheng Siong. Help us ensure the information is accurate and up to date. We strive to provide accurate, objective & up-to-date information but you should confirm the relevant information with the product or service provider if you have any queries (including eligibility for financial products). At OCBC Wisma Atria, you can do all these and more visit us to experience it firsthand! Once you turn 26 years old, there is a service fee of S$2 if the average daily balance for the month is less than S$1,000. OCBC Frank Credit Card Apply Now The OCBC FRANK Card is the perfect lifestyle card to start off with. OCBC 360 Account; . Get one year Burpple Beyond Premium membership (worth $S99) and make 5 eligible spend within 30 days of card approval. Even with the cashback caps, this is still a decent rate if youre already spending that amount online or through contactless payments. Apply online and activate your card today. Fancy shopping at a bank branch or even enjoying a sushi meal there? I asked OCBC why my application was rejected, they say they cannot tell me the reason. If you spend less than that, you will earn a flat 0.3% in cashback.See terms and conditions, In-store mobile contactless payments / foreign currency spending, 3% off with a min. Cardholders begin earning boosted rewards rates after just S$600 spend-one of the lowest minimum requirements on the market. annual income of S$45,000, Latest CPF contribution history statement, Latest payslip and income tax notice of assessment, Latest payslip and latest income tax notice of assessment, Original company letter for proof of employment and salary, Latest month CPF contribution history statement OR latest payslip and income tax notice of assessment, Latest income tax notice of assessment OR latest 12 months' CPF contributions, Latest payslip and latest income tax notice of assessment OR original company letter for proof of employment and salary. Please note that only posted transactions will appear in "Your activity", as well as in account transaction history (see point 5 below). (Valid until 31 December 2023). If you rely on the DBS Live Fresh card to get bonus interest on your DBS Multiplier account, then it may make more sense to stick to DBS. Limited to first 3000 new-to-OCBC credit card customers who sign up online from 1 July 2020 - 30 Sep 2020. So for anyone who often travels, its a very useful card to have. Read more here about acceptable proof of address documents. This includes your last 7 transactions from the past 7 days (including today). However, you do earn interest with the OCBC Frank account that your card will be tied to: the OCBC Frank interest rate is 0.20% for the first S$10,000 in your account, rising to 0.40% for up to S$500,000.. (for 1-factor authentication customers). purposes. When you perform transactions like 'Add New Payee', OCBC OneToken will perform authentication in the background making the whole process seamless and convenient. A new way to get away is here. However, you may choose
FRANK Debit Cards that are replaced on renewed from 24 June 2019 onwards will not have the NETS FlashPay feature. It's clear that OCBC has designed their Frank Debit Card specifically for students: there's no fall-below fee or minimum balance requirement for applicants below 26 years old. Suggestions? 8% cashback on online, mobile contactless and foreign currency transactions with a S$100 per month cap. You can view details and transaction history (past 6 months) of individual accounts through either of these: How can I view more details for a transaction? Collect and complete an online banking application form from any of our branches. Mobile Banking: Tap on top left menu > Settings > Online Banking settings > tap on slider to turn on Chinese language. Learn more about which is the best card for you by reading our pieces on the best rewards card, the best cashback card and the best card combos in Singapore. DBS LiveFresh is dethroned, and OCBC FRANK stands supreme with a sleek modern card design that is as useless as it is pretty, for it only gives 6% cashback when used on a smartphone. Terms and . The old OCBC FRANK credit card was definitely aimed at the young and carefree, with cashback at cafes, cinemas, bars/clubs and online shopping. Share this personalised link with your friends and family today to receive up to S$10 cashback for every new OCBC Debit Cardmember approved. Because its a debit card, when you spend money with the OCBC Frank debit card it comes straight out of your account. You may submit your details on this page to generate your unique referral link. Lock your card, request for a new one and report suspicious transactions via OCBC Mobile Banking app, Track the ins and outs of your money each month. Write to us! Conveniently and securely exchange AUD, CAD, CNH, EUR, GBP, HKD, JPY, NZD and USD, 24/7 via OCBC Digital, for your overseas transfer, travel payments, online spends, investments and more. You are in . OCBC Frank debit card offer valid until 31st October 2019. This referral program is valid till 30 September 2021. . So if your child is using your phone, or if its been stolen, you need not worry about unauthorised charges to your card. Why are transaction details shown partially in my account transaction history, whereas I can view all transaction details in Your activity on the Account Summary dashboard? 1. Here's a look at the deals you can enjoy as an OCBC credit or debit cardmember. OCBC Frank gives you: 6% for online spend (inc. Lazada, Shopee, etc) 6% for in-store mobile contactless payments (basically any store that accepts paywave) Min spend to qualify is only $600 (and get $36 cashback), quite easy to hit. Online payments are now made easy when you Click to Pay with Visa. Receive up to S$100 in cashback each month just spend at least S$800 a month online or in any store that accepts contactless mobile payment. If you cant meet the S$30,000 requirement though, here are other options to consider: After the first two years, youll only need to spend S$10,000 annually to qualify for the automatic annual fee waiver. Assuming you already hit the S$600 spending requirement for maximum cashback, heres a breakdown of what you need to know about your cashback: By maxing out the cashback in only the online and mobile contactless payment categories each month, youll easily be able to qualify for the fee waiver. FRANK has launched a Referral programme so you can introduce the card to your friends/family. If you drive, consider our piece on the best card for petrol and if youre a travel bug, read about the best card for travel. - Choose from free exclusive online card designs
Mail it to: Oversea-Chinese Banking Corporation Ltd Account Services Bras Basah Post Office Locked Bag Service No. Submit original Faculty/Hall Residence Letter issued by school with valid residential address at any OCBC Branches or on designated days at the FRANK Stores. You can read more of OCBC Frank's T&Cs here. Refer your friends and family to us and enjoy cashback of up to S$50 per referral! Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. The most notable thing here is that you have to spend at least S$600 in a month to qualify for the 6% cashback rate. Achieve your goals with proper financial planning. Overseas spends earn 2 mpd in June & December only. I agree to surrender my existing card to OCBC Bank for cancellation when I submit my application to change or replace the card design. Enter the name you would like to feature on your card and tap on "Next". Any of these documents that show your residential address: Telco bill / Utilities Bill / Bank Statement OR Income Tax Notice of assessment, Student Pass, Special Pass or Employment Pass, Faculty/Hall of Residence Letter from your school*. Consumers are advised to read this Customer Agreement carefully.Customer support is available 24/7. No. You can only apply via MyInfo if you're a Singaporean citizen or permanent resident, and aged between 16 and 25. You do need an OCBC Bank account to go with the debit card. Pick an all-in-one OCBC debit card for your everyday usage. Sit back and relax while we track and categorise your spending for you. OCBC Frank Account's maximum EIR is just 0.20% p.a., achieved at a S$50k balance-which may be out of reach for younger consumers. Its black and minimalist and all adult-ed. Get details. This card needs the standard S$30,000 minimum annual income, so most young adults with a full-time job should be able to qualify. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (MAS). Invest on the go using the OCBC Mobile Banking app. Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet? Step 1: Login with access code and PIN or fingerprint ID Step 2: Navigate to "Credit Card" Step 3: Select the credit card that you wish to apply for Step 4: Submit your personal details Step 5: Confirm the name on your card Step 6: Review and submit your credit card application Step 7: And you're done! Learn more. It strongly favours going out and dining out; you wont get much cashback on needs like groceries and petrol. Currently this is not possible. Before switching, do consider how your savings account might be affected. When you sign-up through links on our site, we may earn an affiliate commission. I accept that my existing card will be terminated by OCBC Bank if I change or replace the card design on my card to or with another design. Subsequently, OCBC will waive the annual fee every year as long as you spend at least $10,000 on the card annually. We hope that you enjoy the new experience, and encourage you share your feedback with us. Sadly, though, there comes a time to leave that lifestyle behind, especially once you start having bills to pay and nappies to change. In addition, by checking the box, I also consent to OCBC Group contacting me via SMS, telephone call and other phone number-based messaging about products and services offered by OCBC Group, its business partners and agents, regardless of my registration(s) with the Do Not Call registry. Get in touch with us1800 363 3333 (local) +65 6363 3333 (overseas)Contact Us, Copyright 2021 OCBC Bank. Its cashback rate of 1.60% with no caps, overall or by category, is one of the highest in Singapore. The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. Your card replacements will continue to be in your existing design. 5% (+5% at selected eco-eateries, retailers & transport services), 10X rewards points (equates to 2.5% cashback), None, but only the first 10,000 points will have a 10X bonus, Lower annual fee compared to other decent cashback cards, Cashback is split into 3 different subcategories, so monitoring could be a hassle, Physical card contactless transactions do not qualify for 6% cashback, Standard Chartered Manhattan $500 Card (S$18,000 minimum annual income), Diners Club co-brand credit cards (S$16,000 minimum annual income), CIMB AWSM Card (S$18,000 minimum annual income), 6% cashback on all online and app spending, 6% cashback on all mobile contactless payments and foreign currency spending, 0.3% flat rate cashback for all other spend, Minimum monthly spend of S$600 for 6% cashback; 0.3% otherwise, Only transactions posted (not made) in the same calendar month count towards the S$600 minimum, Cashback capped at S$75 per month (S$25 per category).