A debit card is a type of payment card that a cardholder can use instead of cash when purchasing something. With a debit card, the cardholder can make payment by transferring the money electronically from the bank account. It means a debit card eliminates the need to carry cash or physical checks whenever you are making a purchase. There are various types of debit cards available and an International debit card is one of them. With an international debit card, you can get access to your bank account whenever and wherever you want. Many banks in Bangladesh provide an international debit card for their customers. If you are wondering about getting an international debit card then keep reading the article. Below I have discussed banks and their international debit card schemes.
Best International Debit Card In Bangladesh
1. EBL Global Debit Card
2. DBBL VISA International Debit Card
3. DBBL MasterCard International Debit Cards
4. City Bank MasterCard Platinum International Debit Card
5. IFIC Bank VISA International Debit Card
6. Standard Chartered Bank International Debit Card
7. Southeast Bank VISA International Debit Card
1. EBL Global Debit Card
EBL VISA Global Debit Card let the card holder make virtually any kind of international purchase with funds directly from their account. The card holder can use this debit card at VISA ATM locations anywhere in the world. If you are looking for a debit card for the purpose of global use along with the ability to use the FCY Account Balance worldwide then it is the best option for you. This international debit card from EBL is widely accepted. It is accepted at thousands of places around the world where VISA debit cards are accepted. Moreover, you can be using this card for all kinds of purchases at places like:
1. Restaurants
2. Drug stores/pharmacies
3. Dry cleaners
4. Service stations
5. Supermarkets
6. Movie theaters
With EBL VISA Global Debit Card you can easily manage your bank account from anywhere you want. You can access your up-to-date balance on the bank’s website or by phone, because transactions are typically posted within 24 hours of purchase. Moreover, you can also receive a detailed monthly statement, including merchant name, date, and amount depending on the account type.
2. DBBL VISA International Debit Card
This is a very popular international debit card issued by Dutch Bangla Bank Limited. According to the Bangladesh Bank law, an international debit card can be issued against customer foreign currency account like Resident Foreign Currency Deposit (RFCD) account, Foreign Currency (FC) account or Exporter Retention Quota (ERQ) account. This VISA international debit card has both EMV chip and Magnetic stripe for wider acceptance around the world. Thanks to the EMV chip, this card is more secure and it can be issued for any VISA card accepting POS terminal or ATM. You will have to submit the below documents to get this international debit card:
1. A filled in application form
2. One copy of photograph
3. Copy of TIN certificate
4. Copy of Passport (Page 1-6 and renewal page)
5. National ID
3. DBBL MasterCard International Debit Cards
Dutch Bangla Bank issues MasterCard international debit card for high net worth individuals who are international in outlook with large disposable income and consistency of service. A DBBL customer with Resident Foreign Currency Deposit (RFCD) account, Foreign Currency (FC) account, or Exporter Retention Quota (ERQ) account can apply for this international debit card. This card is highly secured because it has both EMV chip and Magnetic stripe included. Therefore; this international debit card is accepted widely around the world. DBBL issues this card for any MasterCard card accepting POS terminal or ATM. The Magnetic stripe protects cardholders by preventing copying of card data and ensures a liability shift benefit which protects cardholders in non-EMV terminals. If you want to apply for this debit card then you have to submit:
1. A filled in application form
2. One copy of photograph
3. Copy of TIN certificate
4. Copy of Passport (Page 1-6 and renewal page)
5. National ID
4. City Bank MasterCard Platinum International Debit Card
This is a dual currency international debit card from City bank. In fact, it is the first dual currency international debit card of Bangladesh. So the card holder of this debit card can use it for both Taka and USD. You can get access to your bank account from over 1.9 million MasterCard ATMs around the world. You can use this international debit card at 32 million outlets worldwide that accept MasterCard. The card of this international debit card from City bank will get complimentary access to City Bank Lounge at Hazrat Shahjalal International Airport, Dhaka. There are few requirements that you have to fulfill in order to become eligible for this card. They are:
1. Minimum monthly balance of BDT 10 lac or a net monthly income of BDT 2 lac and above (salary account to be maintained with City Bank)
2. For Local Currency Platinum, only BDT account balance will be considered
3. For International Platinum (only USD), RFCD/FCY/ERQ account will be considered
4. For Dual Currency Platinum, account would be in BDT and in RFCD/FCY/ERQ forms
5. Against each ERQ account maximum 3 cards can be issued
5. IFIC Bank VISA International Debit Card
If you want to enjoy the convenience of using a single debit card for home and abroad then IFIC bank VISA international debit card is there for you. With this debit card you can enjoy foreign currency funds from abroad. If you have an individual foreign currency account in IFIC bank then you will be eligible for this international debit card. The only problem with this card is, you can’t use it inside Bangladesh. This card can only be used outside of Bangladesh. Some of the key features of this card are:
1. Cash withdrawal facility from Visa Branded ATMs’ outside Bangladesh
2. Purchase transactions can be done at Visa branded PoS machines outside Bangladesh
3. E-Commerce transactions can be conducted from Verified by Visa (VbV) e-Commerce sites outside Bangladesh
4. Mini Account statement (With last 10 transactions) can be taken from ATMs outside Bangladesh
6. Standard Chartered Bank International Debit Card
You can use this international debit card from Standard Chartered bank worldwide at Visa ATMs for cash withdrawals & Visa Point-of-Sales (POS) terminals for purchases. You must be a US Dollar Current Account or RFCD Account holder of Standard Chartered bank to become eligible for this international debit card. This debit card will be your passport to financial convenience as you can access your accounts and make cash withdrawals free of charge at Standard Chartered Bank and Visa ATMs worldwide. All your transactions done with this debit card will be available in your account statement. So you can easily monitor and control your expenses through i-banking or e-statement from anywhere in the world. Moreover, there is no fund hold / endorsement required for issuing your International Debit Card so you can use the full amount of your account for transection. The best part is there are no added fees for this international debit card because you are paying from your own bank account.
7. Southeast Bank VISA International Debit Card
You can avail this international debit card against your Foreign Currency, Resident Foreign Currency, and Export Retention Quota Account of USD currency account in Southeast bank. With this card you can make transactions throughout the world whenever you wish. You are not allowed to do any transaction in BDT for VISA International Debit Card against your Foreign Currency, Resident Foreign Currency, and Export Retention Quota Account of USD currency. The best part of this card is; it doesn’t require any endorsement. You can withdraw cash from any VISA Branded ATM and purchase products at Point of Sales (POS) terminals throughout the world.
