
The UOB Debit Card is one of the basic debit cards out there which serves as a stepping stone if you intend to switch from cash to plastic. You'll also enjoy up to 10% SMART$ rebate with up to 3.88% p.a. on your savings with UOB One Account.
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The simple reason is that the magnetic stripe on the Card is easily read and copied, disabling the magnetic stripe for overseas use will help protect customers against fraudulent transactions that could arise due to such fraudulent copying of customer data from the Cards’ magnetic stripes. In addition, the EMV chip is encrypted which virtually eliminates the ability to copy the contents of the chip to another Card.