Singapore - Debit Card

The debit card system in Singapore is called NETS (Network for Electronic Transfers) and is used for EFTPOS transactions which are widely accepted at retail stores and some restaurants. Not all of the international banks are linked to the NETS system. There is a daily withdrawal limit for NETS (around S$3,000) which is independent of the ATM withdrawal limit.

Cashcards are multi-purpose stored value cards which are needed for payment in the following situations:

• ERP (Electronic Road Pricing)- Cashcards are inserted into the In-Vehicle Unit of cars (see Transport-Driving Tips)
• Parking – an increasing number of carparks are using this system of payment
• Library – to pay library joining fee and fines

Cashcards can be purchased from local banks (without being an account holder) and from some gas(petrol) stations and 7-Eleven stores. You can top-up the Cashcard through local bank ATMs and some petrol stations.