Debit Card Charges – Check Debit Card Transaction Charges Here

A detailed guide on debit card annual charges

Key Takeaways

Debit cards allow you to access funds in your bank accounts anytime.
Banks levy various types of debit card charges.
Standard charges include debit card transaction charges, annual charges, reissuance charges, etc.
Charges may depend on the average balances in your account.
Find out DBS Bank debit card charges in this article.

A debit card is perhaps the most useful of all banking products. It allows you access to the funds in your account 24x7. Its sleek design also makes it very easy to carry with you anywhere. You can easily tuck it in one of your jeans’ pockets or carry it in a card wallet. Let us understand what debit card charges are and break down the various charges associated with them.

What are Debit Card Charges?

Your debit card can do a lot of things. It helps you withdraw cash at your own bank and other bank ATMs. You can swipe it to pay for expenses at retail and online stores. Furthermore, you can access your bank account even when you are abroad with your international ATM cum debit card. For all these services and facilities you get with your debit card, your bank levies a charge. These charges associated with the usage of debit cards and the convenience you get from them are known as debit card charges. Here is a schedule of the basic charges associated with DBS Bank debit cards.

DBS Debit Card Annual Charges

The DBS Bank Debit Card comes with a nominal annual fee of INR 150+18% GST, translating into another INR 27. As such, the total debit card annual charges are INR 177. The bank waives off this charge in the first year of opening the account and levies it from the second year onwards. The bank debits this amount from your Savings Account in July of each year. Additionally, the bank holds the discretion to levy a charge on the reissuance of physical debit cards.

Debit Card Transaction Charges

Like most banks, DBS Bank also levies debit card charges based on your total relationship value (TRV) with the bank. TRV essentially indicates the monthly average balances you maintain in your bank accounts. For accounts with higher TRVs, DBS Bankoffers waivers on debit card charges. The TRV-specific debit card charges below can help you understand how much the bank charges you for debit card usage.

Total Relationship Value (TRV)*	Rs. 5 Lacs – Rs. 30 Lacs	Rs. 30 Lacs – Rs. 2 Crores	>= Rs. 2 Crores
Annual Fees - Primary / Joint Holder	Rs. 500, 2nd year onwards	Free	Free
Replacement of lost / stolen / damaged card	Rs. 150	Free	Free
FX Markup on Debit Card	3.50%	1.75%	1.50%
International Cash Withdrawal	Rs. 125 per Transaction	Free	Free
International Balance enquiry / Non-Financial per transaction	Rs. 25 per Transaction	Free	Free

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Other Charges

Besides these basic charges, banks also levy debit card transaction charges, especially when you exceed the number of transactions at ATMs. Here are the charges:

Type of Transaction	Frequency	Bank	Charge
Financial	Up to 5 Times	Own Bank ATMs	INR 17*
Non-Financial	Up to 5 Times	Own Bank ATMs	INR 6*
Financial	Up to 3 Times (Metros) & up to 5 Times (Non Metros)	Other Bank ATMs	INR 21**
Non-Financial	Up to 3 Times (Metros) & up to 5 Times (Non Metros)		INR 21**
w.e.f. 1 Aug 2021 *w.e.f. Jan 2022