DBS has launched the TravelLah! Debit Card with no foreign exchange fees or ATM withdrawal fees overseas.
The card uses Visa’s wholesale exchange rates to convert foreign currency transactions into Singapore dollars without an added markup.
DBS does not cap the number of fee-free withdrawals, although overseas ATM operators may impose their own charges.
The debit card is part of the same youth-focused rollout as the new DBS Chromo credit card, which automatically awards bonus cashback on a cardholder’s top two eligible local spending categories each month.
Users Can Set Aside Up to S$5,000 in a Separate Travel Wallet
The card draws money from a separate travel wallet in the DBS PayLah! app rather than directly from the customer’s bank account.
Users can add funds from PayLah! or a DBS or POSB account, track their spending and transfer unused money back.
The wallet holds only Singapore dollars and has a maximum balance of S$5,000.
It is not a multi-currency wallet, so users cannot convert and store foreign currencies before travelling.
Indicative rates for more than 150 currencies are available through PayLah! and Visa’s exchange rate calculator.
Customers can use the card at Visa-accepting merchants in Singapore and overseas.
Cash withdrawals are available at overseas ATMs displaying the Visa Plus logo, but the card does not support NETS payments or ATM withdrawals in Singapore.
There is no annual fee. The default daily spending limit is S$2,000, including cash withdrawals, which users can raise to S$5,000 through the digibank app.
They can also use the app to change their PIN, while PayLah! allows them to temporarily lock a misplaced card.
Applicants must be at least 16 and hold a DBS or POSB current or savings account.
They must also have PayLah! and digibank, with both apps updated to the required versions. Applications are submitted through PayLah!.
The card comes with selected travel and shopping offers in Singapore, Malaysia, Japan and South Korea.
Cardholders aged 18 and above can also redeem basic travel insurance once a month until 31 August 2027, subject to the applicable terms.
Featured image: Edited by Fintech News Singapore, based on images by DBS and tohamina via Magnific
