Comparison between Niyo Global SBM and Niyo Global DCB

[ashrithjain]

Hey @unkemptArc99 ! Welcome to Niyo community! Hope you’re having a great day

@unkemptArc99

Is there an option to select which card we can buy among DCB or SBM at present? I am hearing that slots have been filled for the beta program of SBM and the DCB enrollment has been paused for a while. In this case, how should I get a Niyo Global card?

Yes, there’s option to select among the two! You may go ahead and download Niyo Global by SBM from here: Download for: Android | iOS

@unkemptArc99

Is there a comparison factsheet of benefits and schedule of charges between SBM and DCB card?

We at community encourage users to search for answers and I believe your query has been already answered here: Queries regarding the new SBM card - #7 by Vinay_Bagri

@unkemptArc99

Is the SBM card an “upgrade” over DCB card?

All the products at Niyo are launched in partnerships with different banks just to make your life easier in the banking space. So, you may go ahead and choose whichever is convenient for you.

@unkemptArc99

Will the DCB card be deprecated once the SBM beta is complete?

NO! The onboarding for Niyo Global by DCB has been paused. We wish the resume the onboarding process in the upcoming month(s). Niyo Global DCB will continue to get future updates and support even after the launch of Niyo Global by SBM.

@unkemptArc99

When will the SBM beta program be complete?

The application is still in beta phase. Do note that we’re rigorously working to provide you a better experience so that you don’t face any issues in the future. Stay noted that we’ll launch the stable version of the app once all the debugging is done.

@unkemptArc99

I am seeing a disclaimer that there might be some issues while using the SBM card in the beta program. For a person, who would rely on the card for all the international expenses during the trip, this does not seem comforting. Hence, I want to ask about the active list of problems and whether there are any positive feedbacks for the use of the SBM card internationally.

Now this is a personal preference! As the app is still in beta phase, you might face bugs here and there! But rest assured, there won’t be any transactional related issues, i.e you can use the Niyo Global VISA Signature ‘Tap & Pay’ Debit card in over 150+ countries without having to pay any Forex Makup charges, and can also receive unlimited funds in the Niyo Global SBM savings account and earn upto 5%(*) interest on your savings.

Hope this helps! If you have any other concerns, feel free to reach out again!

Cheers,
Ashrith