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SBM Visa Signature Debit Card - Free Domestic Lounge, golf access

lazyman

TF Buzz
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar year Screenshot 2023-04-21 at 9.34.03 AM.png

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
 
Things to Note here:

1) SBM Bank doesn't allow 2 bank accounts at the same time. If you've Niyo Global or any other neo-bank account with them, they'll reject your savings application.

2) They have the highest payment failure rate I've tried as of now amongst all banks.

So don't fall in trap of these SBM Bank offerings. I had given even cheque of 5L to open account with them but changed my mind and stopped the agent from opening my account.

I do have Niyo Global, they did not reject my application.
 
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar yearView attachment 14800

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
I am unable to select my city in the application form.
 
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar yearView attachment 14800

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
Such a good debit card and No annual fee? Unbelievable.
 
@lazyman
Few questions.

The SBM Wealth Account I heard was with No Minimum Balance if we did an initial funding of 5 lacs. Is this the same account or a new variant ?

Few of the SBM account users were mentioning the card limit controls cannot be done by the App and need to be done in SBM ATM is it true?

Is the ecommerce transactions already enabled on your debit card ?
 
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar yearView attachment 14800

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
I tried connecting with the customer care.
They mentioned that it's a wealth account that would need 5L as initial deposit amount.
And also said that the partnered banks (like niyo global) is actually the zero balance accounts.

@lazyman can you share your procedure, type of bank account and more details.
 
I tried connecting with the customer care.
They mentioned that it's a wealth account that would need 5L as initial deposit amount.
And also said that the partnered banks (like niyo global) is actually the zero balance accounts.

@lazyman can you share your procedure, type of bank account and more details.
I was also informed the same thing from the SBM Customer care today . @lazyman How did u verify the account is zero balance with no AQB requirement in case you did not have any Initial funding done ?
 
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar yearView attachment 14800

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
Share card pic 😁
 
@lazyman
Few questions.

The SBM Wealth Account I heard was with No Minimum Balance if we did an initial funding of 5 lacs. Is this the same account or a new variant ?

Few of the SBM account users were mentioning the card limit controls cannot be done by the App and need to be done in SBM ATM is it true?

Is the ecommerce transactions already enabled on your debit card ?
It is SBM wealth account as per Welcome letter which I got with the card, previously card usage controls might not be present in their net banking or mobile banking, I can confirm that I can see card usage controls and I have tested ecom transaction Al's well, I can enable and disable from sbm mobile banking app and even sbm internet banking app, both have option for it.

I think, this initial funding is not mandatory, I have verified their schedule of charges in their website, and it didn't highlight about debit card fees or any charges about AMB, their customer care also told me no annual charges for the card and no minimum balance account.

Here in this pdf on their website, there's no charges mentioned for debit card: Link
 
Last edited:
@lazyman
Few questions.

The SBM Wealth Account I heard was with No Minimum Balance if we did an initial funding of 5 lacs. Is this the same account or a new variant ?

Few of the SBM account users were mentioning the card limit controls cannot be done by the App and need to be done in SBM ATM is it true?

Is the ecommerce transactions already enabled on your debit card ?
we can manage card controls from SBM Mobile Banking app
 
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