Card Charges In Niyo SBM

Niyo Product Niyo Support
1

I Have Little Confusion Regarding Niyo SBM Debit Card…

Q1. Can I Get Only Virtual Debit Card. Because I Don’t Need Physical Card Yet ?

Q2. Niyo SBM Take Charged For Virtual Debit Card ?

2

Hey @dav !

  1. Once your Niyo SBM account is created successfully, a virtual card will be generated, and you’ll be able to see that in your Niyo SBM app.
  2. There are no charges for virtual card.
3

Q1. Niyo SBM Don’t Provide Virtual Debit Card For Lifetime Free ?

Q2. In Case I Forget To Apply Physical Debit Card Within One Year, Then What Will Be Happened ?

4

Hey @dav !

(1/2) Niyo Global VISA Signature ‘Virtual Card’ is free for lifetime. However, do note that you cannot use this card for airport lounge access and for POS and ATM transactions.

(2/2) You can go ahead and apply for a Niyo Global VISA Signature ‘Tap & Pay’ debit card whenever needed.

5

Hi @ashrithjain
I don’t get it. The Rs. 499 per year (from second year onwards) fees is for physical Niyo Global Visa card?

6

Hi @jinga_lala,

Welcome to the Niyo Community!

Yes! that’s right.
Cheers!
Bansari

7

the virtual card of niyo sbm is free for lifetime your first question ans moving on to the next question you have to maintain a balance of inr 5000 to order a physical debit card and the annual physical debit card charges is INR 499.

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8

the INR 499 is from second year and the first year debit card is free of cost.

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9

Hi Team,

Quick check on this topic as of today (Feb’2022) -

  1. Annual Charges starts from 2nd year (Rs. 499/-) and 1st year being FREE. Is that true?
  2. what are International ATM withdrawal charges? Is the first international ATM withdrawal free every month?
10

Hey @mik! Hope we’ve answered this in our previous post ATM and POS transactions fail with the Niyo Global SBM Debit Card - #16 by Deepak

Regards,

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