DBBL is the market leader in Debit Cards. All DBBL debit cards gives you unlimited and free access to all DBBL ATMs and POS nationwide. There are no transaction or hidden costs associated with DBBL cards and accounts. By default, when opening a DBBL account, all clients will receive the DBBL Nexus Classic card.
A debit card is more advanced than a credit card. DBBL Debit cards also have more features than credit cards and are fully recognized by Visa and MasterCard. DBBL Debit cards are also more secure, convenient and cheaper than any credit card or debit card in the market. Debit cards can withdraw money from your account directly while a credit card has to issue a 'loan'.
DBBL debit cards come with the client's photo printed on it and requires a secret PIN verification by the client. A credit card only requires a signature (which can be forged) and no PIN verification for a transaction. That is why, for day-to-day banking, DBBL recommends debit cards. Each card comes with a PIN number which must be protected at all times by the client. The PIN number is used as a password for withdrawing cash at DBBL ATMs and accessing DBBL banking services.
Overdraft and credit facilities
In addition to normal debit card features, DBBL Nexus Gold and DBBL Nexus Silver debit cards come with automatic overdraft facilities (credit). This allows the cards to have a credit amount. Clients can access the credit amount instead of choosing to access the money in their account. This allows the debit card to perform in the same manner as a credit card. A small loan is issued when clients exercise this feature.
Charges
| Issuance Fee (1st year) | Annual Fee (2nd year onwards) | |||
|---|---|---|---|---|
|
FREE |
460 (with VAT) |
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|
1000 |
1000 |
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|
1500 |
2000 |
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|
575 (with VAT) |
575 (with VAT) |
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|
575 (with VAT) |
575 (with VAT) |
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|
Local : 575 with VAT International : USD $15 |
Local : 575 with VAT International : USD $15 |
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Payment Criteria :
Customer can pay fees which includes membership fee of foreign professional and scientific institution,
fees for application, registration, admission, examination (TOEFL, SAT etc) in connection with admission into foreign educational institutions.
Usability : Only through Internet Papers requirement : • Any Photo ID (preferably National ID or Passport) • Proof of requirement of USD |
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Overdraft/Credit facilities
| Credit limit | |
| DBBL Nexus Silver | 50,000 |
| DBBL Nexus Gold | 50,001 to 20,00,000 |
Card Differences
| ATM Cash Withdrawal Limit per day | POS Cash Withdraw limit per day | |
| Nexus Classic | 50,000 | 100,000 |
| Nexus Silver | 50,000 | 100,000 |
| Nexus Gold | 50,000 | 100,000 |
| Nexus Maestro | 50,000 | 100,000 |
| Nexus Visa Electron | 50,000 | 100,000 |
| Nexus MasterCard Debit | 50,000 | 100,000 |
*All cards can execute upto 5 rapid consecutive ATM transactions per day. This protects your security and prevents ATM machine abuse.