Dah Sing Bank unveils multi-currency debit card

It covers 11 currencies and has no annual fee.

Hong Kong’s Dah Sing Bank has launched a multi-currency debit card in partnership with Mastercard.

The card– called the Dah Sing Multi-Currency Mastercard Debit Card– has no annual fee, no annual fee for foreign currency spending transactions, and no foreign cash withdrawal fee, the bank said in a press release on 1 July.

Currencies covered include Hong Kong dollars, US dollars, British pounds, Japanese yen, renminbi, euros, Australian dollars, New Zealand dollars, Singapore dollars, Canadian dollars, and Swiss francs.

It also offers cash rewards and rebates for online and offline purchases.

Users can also pre-set their target exchange rate with the FX Order Watch Service. It will automatically convert the target currency and deposit into the user’s account once the target rate is reached.

It also offers an Auto FX function. When the user’s foreign currency balance is insufficient for ATM withdrawal or spending, the function will automatically convert their Hong Kong dollars to the required foreign currency.

This is the bank’s first multi-currency debit card, according to Dah Sing Bank.