Key Features
- 13 currencies available, including Vietnamese Dong and Chinese Yuan
- No issue fee, load fees, closure and card replacement fees
- Additional card offered
- Locked in exchange rates: 4%+ margin on exchange rates
- Can be accessed through Commonwealth Bank app
Fees and limits
- Can be used wherever Visa is accepted
- $3.50 fee at ATMs overseas
- 13 currencies offered USD, GBP, EUR, THB, NZD, SGD, HKD, CAD, JPY, AED, AUD, VND & CNY
- Minimum load of $1 and max of $100,000
- Available to 14 year olds, has a lower age restriction than most credit cards (18 year olds)
- When you use your card for a purchase or withdrawal in a currency that is not loaded, or when they automatically transfer funds between the currencies on your card to enable the completion of the transaction at the Visa retail exchange rate plus 4%
- To transfer money between currencies or a transaction account, it will be at the bank rate which is normally 4% above the market value
The Commonwealth Bank travel money card is great if you are already a Commonwealth bank customer who banks online and knows exactly how much money in each country you want to spend. However if you need to transfer between currencies or make a purchase in a currency you don’t have funds loaded, then you can get an additional expensive charge. Watch how many withdrawals at ATMs you make as well to keep the costs down.
