Save when you spend on things you already love. 8 Singapore 911886. Bonus cashback capped at S$25/month from 1 July 2020 - 30 Sep 2020. Only Apple Pay, Samsung Pay, Google Pay, Fitbit Pay and Garmin Pay transactions will be classified under the in-store mobile contactless payments category. 6.67% cashback on Shopee, Grab, SimplyGo, Giant, Cold Storage, CS Fresh, Jasons & UOB travel. Card replacement fee is waived for up to 2 replacements within 12 months from the first card replacement. That said, the OCBC Frank offers higher cashback and better rewards. Online Shopping If not, application will not be processed. Sit back and relax while we track and categorise your spending for you. Get one year Burpple Beyond Premium membership (worth $S99) and make 5 eligible spend within 30 days of card approval. Despite the UOB EVOL card boasting a higher cashback rate, the OCBC Frank Card has a higher cashback cap per category. A S$30 card replacement fee applies from the 3rd card onwards (S$32.40 from 1 January 2023). as their agents and authorised service providers - to collect, use and disclose my personal OCBC Digital Banking | Frank by OCBC Your friends will also receive the same amount of cashback when they successfully apply for a FRANK Debit Card with your invite link. Theres no OCBC Frank minimum balance, although as noted above youll have to pay S$2 per month if your balance averages below S$1,000 but only when youre 26 or older. If you break it down into months though, its an average spending of S$834 monthly to get an automatic fee waiver. (Thats about $833 a month.). Accounts; Cards; Loans; Insurance; Investments; Advisory; More; Login. Any of these documents that show your residential address: Valid government correspondence or notice that show your residential address from last 3 months. Income documents. 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. Waived for OCBC ATM network (OCBC, OCBC NISP and OCBC Wing Hang). Please note that only posted transactions will appear in "Your activity", as well as in account transaction history (see point 5 below). Latest month Telco/Utility Bill OR Latest bank statement/credit card bill statement OR Tenancy Agreement OR Income Tax Notice of Assessment OR a letter from your school indicating your valid residential address.If you have an original Faculty/Hall of Residence Letter issued by your school, please submit all your documents at any OCBC Branches or on designated days at the FRANK Stores. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. Check it out now and see if it could save you money when you travel. Foreign currency transaction fee applies. Also, if you spend more than S$400 per month, you get a rebate of 1% on a range of transactions when you use your card to spend money at various shops or with transport merchants including Comfort and CityCab and Grab. If youre hoping to get your rebate, do check youll actually get it on the purchase youre about to make before you buy. We will never share your details with anyone. OCBC Premier Private Client World Elite Debit Card, 7% rebate at FairPrice stores, Unity and Warehouse Club, Up to 12% rebate at FairPrice stores, Unity and Warehouse Club, Receive up to 18.5% fuel savings at Esso and instant 18% off at Caltex, 1% unlimited rebate on selected categories such as transport, fast food and overseas spend, Transact in up to 7 major currencies across the world with no conversion fee charges. OCBC Frank Credit Card - moolahgeeks Can I open a FRANK Account in Joint Name? How can you open an OCBC Frank debit card? The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Left your card at home? Your OCBC account will be linked with your debit card. It is not intended to amount to advice on which you should rely. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (MAS). This means you only earn the cashback on the first S$312.50 you spend on these two categories each month. Chinese Banking Corporation Limited and its related corporations (OCBC Group) - as well Click on the image to choose card design. Select a credit card to apply for and click on "Proceed". Lock your card to prevent any unauthorised transaction. Security advisory: Do NOT share your One-Time Password (OTP) with or provide your OneToken authorisation to anyone without knowing the intended purpose. OCBC Debit Cards | Spending Rebates | Apply for Debit Card Online Write to us! Fill in the details and submit the online form. This card offers 6% on online purchases, 6% on mobile contactless spend, and 6% on FX transactions, expenditure areas that are very central to the younger generation. Save Money Track and categorise all your monthly spending with Money In$ights. FRANK Credit Card | Frank by OCBC Skip to main content FOR EXECUTIVES Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Find out how you can be smart about your money with the FRANK Account and Debit Card. This compensation may affect how, where and the order that offers appear on the site, however this does not affect our recommendations & advice which are backed by extensive in-depth research from our team. Effective 1 July 2020, new applicants for the FRANK Credit Card can choose between 2 designs Obsidian (FRK2020) and Vortex (PRF0002). Must I upgrade to the latest version in order to continue using Mobile Banking? 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. The Frank debit card is a Visa debit card, so you can use it to make purchases in most places youll come across in Singapore and elsewhere online and in shops. We compared the most popular options, Review of Saxo Markets commission and withdrawal fees. *Budget setting can only be done with OCBC Internet Banking on your desktop. OCBC Frank vs. OCBC 365 Credit Card Comparison 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. Because its a debit card, when you spend money with the OCBC Frank debit card it comes straight out of your account. No Singpass account? Achieve your goals with proper financial planning. Tap on the menu bar on the top left and select "Apply. Currently this is not possible. Use the OCBC Pay Anyone app to withdraw money at the ATM. No. OCBC Credit Cards | Compare Benefits & Perks - Finty Set price alerts to monitor price fluctuations and market movements. All rights reserved. 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. The maximum cashback an Eligible Debit Cardholder can get within the Promotion Period is S$40. Employment Pass with 6 months' validity Select your Internet Banking PIN on the spot, Start accessing Online Banking immediately. 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? UOB One Card Review (2022): Generous Cashback Card For Grab Users And Dairy Farm Shoppers. Add to cart, add to your phone, add to your favourite apps cashback for your online lifestyle. Spread the love and get rewarded even more! That said, the OCBC FRANK credit card has a lot going for it, so if you want to get it, you can apply right here: Read these next:Citi Cash Back+ Mastercard Card Review: 1.6% Cashback On All SpendBest Cashback Credit Cards In SingaporeLoyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet?OCBC Titanium Rewards Card: One Shopping Card Youll Want In Your WalletMost Popular Credit Cards In Singapore, Tags You get it attached to your borderless account, and, as its issued by either Visa or Mastercard, you can use it pretty much anywhere where you see the logo. Enter the name you would like to feature on your card and tap on "Next". Pick an all-in-one OCBC debit card for your everyday usage. Thats pretty achievable if this is your main card and you arent spreading out your purchases over half a dozen cards. OR CHECK OUT RECOMMENDED PRODUCTS. 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. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. OCBC Frank Card is undoubtedly one of the best cashback credit cards for young adults on the market. The Frank card from OCBC is not the only option you have when it comes to debit cards. In-person at a FRANK store You can choose to apply for your FRANK account and debit card at a FRANK store. Refer your friends and family members to apply for a FRANK Credit Card and receive up to S$50 per referral! OCBC Frank Credit Card Review: Best for Young Adults Move over, OCBC Frank Debit the OCBC Frank Credit Card is here. The app is supported on devices running on iOS 10.3 and Android 4.4, or later. And you catch yourself circling around Often, the hardest thing for young professionals is not fretting over their future or their pastbut being certain about their present. Wise Asia-Pacific Pte Ltd is regulated as a Major Payment Institution by The Monetary Authority of Singapore (MAS) license: PS20200413. With the same base cashback rate of 0.3% and S$600 minimum spend requirement, the OCBC Frank card is a smarter choice. Get Started. The new OCBC FRANK credit card now offers a market-leading up to 10% cashback on online, mobile contactless, and foreign currency spending, whichsufficiently covers everyday needs in Singapore. All rights reserved. Tap on the menu bar on the top left and select "Apply". 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*. If self-employed person or commissioned or variable income earner, Passport 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. No, these buttons are not customisable. First, the minimum spend has gone from $400 on offline spending to $800 across all eligible spending. Use the mobile banking app to dispute the charge. 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. You're a young working professional. Ltd., a wholly owned subsidiary of SingSaver Pte. Then get ready to check off your wishlist! Conditions of Access| Policies| Security| Notices|Report Vulnerability, Terms and Conditions Governing FRANK Credit Card Cashback Programme (with effect from 1 April, (Revised) Terms and Conditions Governing FRANK Credit Card Cashback Programme (with effect from 1 November, Terms and Conditions Governing the We miss you Campaign, Terms & Conditions Governing the FRANK Credit Card New-to-OCBC Online Acquisition Promotion, Terms and Conditions governing the OCBC Treats Campaign, Removal of NETS FlashPay feature on FRANK Credit, 8% cashback on foreign currency transactions, 2% cashback on spend at selected green merchants, 6% in-store mobile contactless payments (e.g Apple Pay, Samsung Pay, Google Pay) & in-store foreign currency spending, Earn 8% in cashback on foreign currency transactions and online/contactless mobile transactions in SGD, Earn an additional 2% when you shop at selected green merchants, Earn up to S$100 in monthly cashback when you spend at least S$800 a month, Anyone 21 years old and above, 18 and above for supplementary card holders, Singaporeans and Singapore PR with a min. Please click here for the revised Debit Cardmembers' Agreement. Opened with a FRANK Debit Card - 60 designs to choose from! (Valid until 31 December 2023). Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS. Fancy shopping at a bank branch or even enjoying a sushi meal there? Simply activate OneToken on your mobile banking app. The OCBC FRANK credit card used to offer a range of credit card designs to choose from, so you could pick one to reflect your personality. Online transactions are defined as goods and services you buy via the internet and mobile apps. - Choose from free exclusive online card designs Looking for the best USD accounts in Singapore? savings account will be phased out. Review of the POSB Everyday Card - one of the best credit cards in Singapore? 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. The buttons are selected by the bank to give customers access to commonly-performed and important transactions and services on the app. You can view all your latest transactions across all your Current, Savings and card accounts at one glance in "Your activity". For a more holistic view, here's the merchant eligibility breakdown: The typical credit card exclusions apply, so dont expect to get any rebates for tax payments, Parking SG, EZ-Link top-ups, insurance premiums, school fees, hospital fees, charity donations and the like. Documents for new OCBC customer, Passport with 6 months' validity Foreigner with a valid pass will be able to open a FRANK Account: You are required to have your passport (with a minimum 6 months validity), a valid pass, and a proof of your residential address. 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. 10 Best Debit Cards in Singapore (2023) - Wise See a mistake? Until 31 October 2019, OCBC was running a special promotion where you could apply to get your foreign exchange fee waived, up to 3.25%. But, unless you got that promotion, you can expect to pay a foreign exchange fee whenever you use your Frank debit card abroad. There may be a lead time between when the transaction is performed and shown on the dashboard. In fact, other banks like Citi have given me a credit card limit of 30k+, even though I don't really require anything more than 5k. 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. By participating in this referral, you are agreeing to the terms and conditions that apply. 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. 9 Best Cashback Credit Cards for Singapore (2023 List) Save, invest and manage your money anytime, anywhere with digital banking. 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. Ltd. SingSaver Insurance Brokers Pte. Earn 8% in cashback on all local online purchases, or on purchases made in foreign currency at your favourite stores. Do I need to upgrade my mobile device to download and use the latest app? Apply for a FRANK Account + Debit Card and cop $10 in cashback + vouchers! icon upon checkout and thats it! spend of S$15 + complimentary S$10 welcome voucher, 21 years old for principal card and Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Will language selection made in Internet Banking be reflected in Mobile Banking app and vice-versa? You are in . Online You are able to apply for your FRANK account and debit card online. Cardmembers must meet the S$600 minimum spending requirement each month to be eligible for the bonus cashback. 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. Get rewarded on your daily spending such as a 6% online transaction rebate from your favourite site and apps such as Grab, Lazada, ASOS, Spotify and Netflix, as well as 0.3% rebate on all other eligible spend! Lock it, request for a new one or a replacement straight from the mobile banking app. 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 You friend will also receive the same amount of cashback upon their successful FRANK Credit Card application and respective qualifying spends from 1 March 2022 to 30 April 2022. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118. Lets take a look: The OCBC Frank Credit Card and the DBS Live Fresh Card have almost the same offerings. While the cashback rate of 8-10% is high, it is undermined by very low category level caps. Limited to the first 500 customers only. These purposes include the "Additional Purposes" set out in the OCBC Data Simple, thoughtful and stylish deposit account and debit card suited for students! 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. Order a replacement card and well cancel your card and mail a new one to you right away. 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. However, we may require you to update to the latest version in the future for your security you will be informed via a pop-up on the app then. You can read more of OCBC Frank's T&Cs here. Update March 2022: updated for 2022 The lie of the land thus far: it's December 2020 and OCBC decides to breathe new life into OCBC FRANK. Save, invest and manage your money anytime, anywhere with digital banking. Upon receipt, please submit the form along with these documents to the bank. We estimate you can earn a reward yield of 3.0 4.8% with this card on monthly spends between S$800 4,000. The co-branded NTUC & OCBC PLUS! Share this personalised link with your friends and family today to receive up to S$10 cashback for every new OCBC Debit Cardmember approved. It strongly favours going out and dining out; you wont get much cashback on needs like groceries and petrol. - Great merchant discounts & privileges, Name to appear on your card (maximum 19 characters). Personal details Title Please select Name (as in your NRIC/Passport) Save, invest and manage your money anytime, anywhere with digital banking. You are required to be the beneficial owner and ultimately own or have effective control of the OCBC Savings Account. 3% of the transaction amount (Min S$5 and Max S$20). The balance S$50 of cashback must be earned on all other transactions at a low 0.3% cashback rate meaning you need to spend a whopping S$16,667 to earn S$50. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. I agree that the card design fee paid by me will not be refunded nor be used to pay for a similar or different card design selected by me when I replace my card for any reason whatsoever. Here's a look at the deals you can enjoy as an OCBC credit or debit cardmember. Online + mobile contactless payments + foreign currency spend, No annual fee if you make min 3 transactions every month for 12 consecutive months. Achieve your goals with proper financial planning. In fact, they might have even outdone themselves. OCBC Credit Cards confirm that I have read, understood and agreed to be bound by the terms and conditions set out in this application form; represent and warrant that all information provided by me in this application is true and complete and undertake to notify OCBC Bank immediately of any change in such information; confirm that I am not an undischarged bankrupt and there has been no statutory demand served on me; authorise OCBC Bank to verify information given in this application with any party (including, without limitation, with any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons) without reference to me; consent for OCBC Bank to disclose any information whatsoever relating to me as OCBC Bank shall consider appropriate to any person to whom disclosure is permitted or required by any applicable law or to any other person wherever situated for any purpose. FRANK Credit Card | Frank by OCBC data, and to share this data with their business partners for marketing and promotional How do I view my transaction history for individual accounts from the Account Summary dashboard? Earn an additional 2% when you shop at selected green merchants like Scoop Wholefoods, Little Farms and more! No, all forms fields will only accept input in English as the language enhancement is not applicable to our back-end systems. (for 1-factor authentication customers). Receive S$50 cash reward when you open a 360 Account and credit your salary within 2 months. Open the account with no initial deposit. Ltd. and by continuing to use www.singsaver.com.sg (the SingSaver Website) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions andPrivacy Policy of the SingSaver Website. Enjoy bite-sized mobile investing, and cash and card-free living. Both you and your friend will receive cashback when you apply for a FRANK Credit Card with your friend's invite link. But it does have a $60 cap (not split) so you dont need to micro-manage your spending. Yes, as long as you are an existing principal FRANK Credit/Debit Cardholder, you may refer your friend/family for the relevant programmes. Lets have a look at the OCBC FRANK credit cards closest competitors, the DBS Live Fresh and UOB EVOL cards. This may seem like a lot at first glance. Yes, it is available on Internet Banking and Mobile Banking. We are collecting this information in compliance with the relevant tax regulations. Get one of the best rates in town for hotels, flights and car rentals. Overseas fee of 3% - may apply from 5 SGD to 20 SGD Unless, of course, you decide to make a big purchase that month. PDF Debit Card Maintenance Form - OCBC Bank Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Mail it to: Oversea-Chinese Banking Corporation Ltd Account Services Bras Basah Post Office Locked Bag Service No. OCBC FRANK Credit Card Revamp: 5 Reasons to Get It - SingSaver FRANK Account - FRANK by OCBC Singapore Find out how you can be smart about your money with the FRANK Account and Debit Card. Disclaimer: MoneyMate is editorially independent. Looking for the best debit cards in Singapore? 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. You will receive electronic versions of Letters for all your relationships/accounts. Food and dining Fitness Fashion, retail and online shopping Get data and insights into the financial wellness of Singaporeans. In addition, the new OCBC FRANK credit card design we featured above does not have your credit card number on it, which minimises the risk of fraud when you hand over your credit card to pay for items. The latest OCBC Mobile Banking App release in Aug 2019 is a major update from the previous version. OCBC Frank Debit Card: Best Starter Option for Students - MoneyMate Still can't find it? 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. Form youll need to fill in if you want to. Keep track of your spending automatically. Amex Singapore Airlines KrisFlyer Ascend Credit Card, * Based on est. 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. Set alerts on your app so that you never miss out on price fluctuations and market movements. You wont have to worry about the annual fee for the first two years as it will automatically be waived. Please do not close your browser. Bid goodbye to physical tokens or SMS OTPs. Apart from the aforementioned 8% cashback, earn an extra 2% cashback on select green merchants in retail and transport. Terms and conditions. We reviewed the benefits of POSB Everyday credit card: promotions, rebates, fees, limits, ATM withdrawals and more. Live your best life with a digital bank made for you. Get your account and digital debit card instantly when you apply online via Myinfo, OCBC Pay Anyone lets you pay for anything via PayNow and NetsQR code, and withdraw money at the ATM, Set Savings Goals to save for your wish list using your mobile banking app. Let us guide you through the application process from start to finish. Online payments are now made easy when you Click to Pay with Visa. If your card is found, you can unlock it anytime. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Duplicate or unauthorised purchases? Fortunately, OCBC is now revamping the OCBC FRANK credit card to make it a lot more competitive. (Service fee applies). The OCBC Frank Credit Card gives 8% cashback on all online, mobile contactless and foreign currency transactions with a monthly cap of S$100. 0% installments with rebates.
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