ATM Card Upgrade

Important : Please read before you choose to upgrade your POSB/DBS ATM Card to POSB/DBS Debit Card

  1. This POSB/DBS Debit Card ("Card") can be used at ATMs and for PIN-based transactions at selected merchants in Singapore and at Maestro or Cirrus enabled merchants overseas. It also allows you to sign for local and overseas purchases and perform contactless payment via MasterCard® PayPass™/Visa payWave, card-not-present transactions (such as online, mail and phone orders), which shall be paid for by directly deducting the transaction amount(s) from your bank account.

  2. Your MasterCard/Visa Debit Limit for signature-based or card-not-present transactions is set at S$2,000. A Debit Card carries risks of unauthorized signature-based, MasterCard® PayPass™/ Visa payWave or card-not-present transactions. You may choose to increase/decrease this limit# upon activation.

    3. #Limit is shared between signature-based transactions, contactless payment with MasterCard® PayPass™ / Visa payWave and card-not-present (such as online, phone and mail orders) transactions.

  3. Before you use this new Card, please read the DBS Debit Card Agreement that is enclosed with the Card.

  4. If your Card is lost, stolen or if the PIN has been compromised, you must notify us immediately. You should also make a police report and provide us with a copy of the report and in certain circumstances accompanied by written confirmation of the loss/theft/ disclosure and any other information that we may require. Once we establish, with your assistance, that the loss or theft of your Card or PIN compromise was not due to your fault or negligence, your liability for unauthorised transactions effected after such loss, theft or unauthorised disclosure but before we are notified thereof shall be limited to S$100.

    5. You will not be liable for any transactions carried out after you have notified us. We will refund the amounts deducted from your bank account for unauthorised transactions, in excess of the applicable liability cap, within 14 working days from the time you submit all the necessary information to us.

  5. Your POSB/DBS ATM Card will be replaced by the new POSB GO! Debit Card/DBS Visa Debit Card that you are applying for. The account(s), ATM Card limit and NETS limit of your new POSB GO! Debit Card/DBS Visa Debit Card will follow your existing POSB/DBS ATM Card.

  6. The Card will be sent to the mailing address of the primary account as per the Bank's record at your sole risk. Please ensure that your primary account mailing address is up to date.