The best banks and cards for Malaysian & Singaporean travellers

Bank/ AccountCountryCard NetworkTypeOverseas ATM feesForeign Currency Transaction feesMonthly/ annual feesNotes
OCBC EasiSave AccountMalaysiaMastercardDebit0 at OCBC ATMs in Singapore, Indonesia, Macau & Hong Kong, RM10 elsewhere00
Ambank Basic Savings AccountMalaysiaMastercardDebitRM1000
CIMB Bank Regular SavingsMalaysiaMastercardDebit0 at CIMB ATMs in Indonesia, Singapore, Cambodia and Thailand; RM10 elsewhere1%RM15 annually for the card
MaybankMalaysiaVisaDebit0 at Maybank ATMs in Philippines, Brunei, Indonesia, Singapore, Cambodia; RM12 elsewhere1%0
Bank Rakyat Credit Card-i ClassicMalaysiaMastercardCredit5%, min. RM21.20 + 1.5% monthly profit rate00Transactions at non-halal merchants will be declined
Bank Islam creditcard-i GoldMalaysiaVisa or MastercardCredit3%, min. RM50 + 1.5% monthly profit rate0RM130 annuallyannual fee can be waived with 12 transactions per year. The Card-i shall not be used at non-halal merchants
categorized by Merchant Category Codes (MCC)
WiseMalaysia & SingaporeVisaPrepaid2x and 1000RM or S$350 max. per month freemin. 0.43% for 40+ currencies, 0 for the rest0own exchange rates for 40+ currencies, Visa rates for the rest, see terms
Big PayMalaysia & SingaporeVisaPrepaidRM10 (Malaysia) or 1 per month free (Singapore)1%0
YoutripSingaporeMastercardPrepaidS$400 per month free, then 2%00own exchange rates for 10 currencies, Mastercard rates for the rest
Wirex StandardSingaporeVisaPrepaidS$400 per month free, then 2%00interbank exchange rates
Revolut StandardSingaporeVisaPrepaidS$350 per month freeS$5,000 per month free0own exchange rates, markup on weekends Midnight BlueSingaporeVisaPrepaidS$200 per month free0.5%0interbank exchange rate
Instarem Amaze CardSingaporeMastercardPrepaid2%00they use their own currency rates
CIMB Bank StarSaver AccountSingaporePlus (Visa)ATM Card01%0 if you opt out of paper statementsAt their regional ATMs in SEA, CIMB uses their own currency rates, without a conversion fee, see card faq
DBS My AccountSingaporeVisaDebit0 at DBS ATMs in Hong Kong, Taiwan, India, Indonesia & Westpac (Australia). $7 elsewhere.0 for 11 major currencies. Other currencies: 3.25%0they use their own (slightly worse) exchange rates, instead of Visa's
Trust BankSingaporeVisaCredit0.077% interest daily00
ICBCSingaporeUnionpayCredit5% min. S$15 + interest1.5%S$30 annually, first three years free0 conversion fees in China

Important! Malaysian and Singaporean banks disable international usage of their cards by default, you have to contact them to enable it, otherwise the card won’t work abroad. This may also apply to internet stores which do not use 3-D Secure.


For Malaysians OCBC comes out on top.

The Bank Rakyat credit card is the better of the only two credit cards on the market without conversion fees. There are some minor usage restrictions for both concerning merchant codes.

For Singaporeans, the market has gotten competitive with the entry of some new players. The Youtrip card seems to be the best for now. Trust Bank offers the best credit card for travel, you can even access ATMs with interest charges only.

Term explainer:

Overseas ATM fee: The fee your own bank charges you for withdrawals when you use a foreign ATM abroad.

ATM surcharge rebate: How much of the fee the owner of the foreign ATM may charge you directly your bank will pay back to you. Not all ATMs charge a fee, but if they do it will show up on the screen at some point during the withdrawal process.

Foreign currency transaction fee: The fee your bank charges you for a transaction in a foreign currency. Unless otherwise noted this fee applies to both, ATM withdrawals and POS transactions in a store/ or on the internet.


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I’m not a financial advisor, everything you read on this website is for informational purposes only. While doing my best, I do not take responsibility for the accuracy of the information. Make sure you read all the fine print before you sign up for any of these products. If you have questions about fees or terms contact the bank/ card issuer.