Last updated: 

Am I required to have a debit card?

A business company has given us a lot of benefits, to me that satisfies my needs and most of them were not even on my plan. Now my company is requiring us to have a debit card as a part of the benefits of the company. I want to know if it is legal to require the employees to have one. I am not used to those things.

User comments

  • user image

    No Name

    In the latest way of paying the workers of a company is usally by a bank. Most businesses or companies have partnered already with banks so they can deposit the salaries that their employees need. Those major companies provides you the debit card that you can use anytime. But it depends on the company that you are working for. Some small companies give the salary the old fashion way.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Can i use my debit card for my maintenance?

My bank fails. What should I do?

Is it safe to give my account number to other persons?

What is the safest bank to apply for a Debit Card?

My grandfather are being treated at home

What age can someone open a debit card.

Related Reviews

Remit money to Standard Chartared overseas account for free.

Standard Chartered is another name that has an expat banking programme to cater to expats’ needs allowing those on the programme to get their accounts set up prior to arriving in Singapore, and to remit money to overseas Standard Chartered account for free. The main drawback is the lack of Standard Chartered ATMs around, not easily accessable.

Standard Chartered FCY$aver / Standard Chartered Bank Singapore

Only an initial deposit ofy $10 with no fall below fee

The initial deposit is only $10 and there are no fall below fee, while the account offers other kid-related perks such as birthday privileges, hand foot and mouth disease hospitalisation and outpatient insurance and personal accident insurance for you and your child. They’ve also got frequent promotions designed to attract kids. For instance, when opening a Youngstarz Savings Account, your kid gets a $20 POPULAR bookstore voucher.

Maybank Youngstarz Savings Account / Maybank Singapore

Convenience of accessing your account via the Global view facility

They allow eligibility for children aged 18 and below with a minimum initial deposit of S$1. With the HSBC Premier Lite Savings account as their first savings account, they will not only start saving early, but also receive a recognition card that offers worldwide emergency support wherever they may be. Apart from the exclusive HSBC Premier interest rates, you also have the convenience of accessing your account via the Global view facility, or through HSBC’s global ATM network and 24-hour Phone Banking Services.

HSBC Premier Lite / HSBC Bank Singapore

User interface for the mobile and online banking is lagging

Good account with pretty good interest without having to worry about minimum spend or other transactions. However, since they encourage account holders to go cardless, to get a card you may need to pay for it. I find that the user interface for the mobile and online banking is rather lacklustre as logging in seems to be a huge problem for the app.

CIMB FastSaver-i Account / CIMB Bank Berhad Singapore Branch

Unlocks higher cashback of up to 5% on unlimited credit card spend

The Unlimited$aver is a savings account linked to the Standard Chartered Unlimited Cashback Credit Card that unlocks higher cashback of up to 5% on unlimited credit card spend with funds deposited into the Unlimited$aver account. With the Unlimited$aver account, clients can earn up to 5% cashback on their unlimited credit card spend, with no cashback cap and no minimum spend.

Standard Chartered Unlimited Cashback Credit Card / Standard Chartered Unlimited$aver / Standard Chartered Bank Singapore

A current account with a chequebook and a 0.8% interest rate

This is a current account with chequebook and a 0.8% for the interest. If you don’t require a chequebook, you can consider opening the fastsaver instead which pays 1%. This combined checking and savings account not only allows you to enjoy one of the highest interest rates at 0.8% p.a. but you will also receive unlimited free cheque books and free withdrawals ASEAN-wide.

CIMB StarSaver (Savings) Account / CIMB Bank Berhad Singapore Branch