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The Best Debit Cards for Overseas Travel

Different travel debit cards

Heading abroad can be an exciting adventure, but managing your travel money while overseas can sometimes be challenging.

One of the best ways to ensure you get the most out of your money is by using a travel debit card.

In this guide, we'll cover everything you need to know about the top travel debit cards in 2024, highlighting their key features, benefits, and how to choose the right one for your needs.

 

Revolut

  • 30+ currencies available
  • One of the best exchange rates globally
  • No international transaction fees
  • No annual or monthly fees for standard membership
  • No initial card fee
  • Instant access to a range of cryptocurrencies
Key features
  • No fee ATM withdrawals up to A$350, or 5 ATM withdrawals, whichever comes first, per rolling 30 day period and 2% of withdrawal amount (minimum charge of A$1.50) after that
  • Exchanging currency on the weekend can incur a 1% mark-up fee
  • Fees on international money transfers were introduced in April 2021.
  • Can be used wherever Visa is accepted

The Revolut Travel Card is a decent option for those who travel a lot as it offers over 30 currencies at a great exchange rate, which is the cheapest rate globally. However if you exchange currency on the weekend you can incur a one-percent mark-up fee.

In addition, Revolut have recently introduced fees for international transfers. Finally if you use ATMs frequently this is not the card to use due to the fees.

Read our Revolut Card Review for Australia

Macquarie Transaction Account Debit Card

  • No monthly fees
  • No initial card fee
  • No foreign transaction fee
  • No ATM fees in Australia
  • No ATM fees overseas
  • Contactless limit with no PIN up to $200 per transaction
  • Joint accounts available
  • Discounts of up to 10% on eGift cards to use at over 50 leading retailers
Key features
  • Simple and easy to work out costs for account
  • Can be used in Australia as an EFTPOS card
  • Instant transfers can be made using PayID and OSKO
  • Works with Apple Pay, Google Pay, Fitbit and Garmin
  • Available to 14 year olds and older
  • Easily lock and unlock your card in the app if your card is lost or stolen
  • Multi award winning account including Mozo Best Everyday Savings for 2021
  • $2,000 daily limit for ATM withdrawals
  • Exchange rates are MasterCard exchange rates, which are normally 2% - 6%+ the market rate
  • Added security with a mobile app that sends actionable push notifications for you to approve or deny online transactions and account activity
  • Tools for spending each time you make a transaction, it’s automatically categorised into groups such as groceries, travel, leisure or technology. In addition you can see how you're spending at a glance and over time.
  • Can be used wherever MasterCard is accepted

There's a lot to love about the Macquarie Bank Transaction account debit card starting with no fees, no foreign transaction fees, no ATM fees in Australia or overseas. In addition the only fee you will pay is the currency conversion charged by Mastercard.

The debit card works in Australia and the contactless limit is $200, which is super handy. It also works with Apple Pay, Google Pay, Fitbit and Garmin. Finally it has tools to help you track your spending, can be given to teenagers over 14 and is easy to lock or unlock your card through the app if lost or stolen.

HSBC Everyday Global Debit Card

  • No initial card or closure fees
  • No monthly or account fees
  • No international transaction fees
  • No international ATM fees
  • No cross currency conversion fees
  • Lock in very competitive exchange rates before travel
  • No maximum balance
  • Earn 2% cashback
Key features
  • 10 Currencies can be loaded are AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, CNY (currency restrictions apply to CNY)
  • Awarded 5 gold stars by CANSTAR in 2021 for Outstanding Value
  • Very competitive exchange rates on all currencies when you have currencies already loaded on your card
  • ATMs within Australia need to be HSBC and overseas they need to display a VISA or VISA Plus logo, not be be charged fees
  • Earn 2% cash back when you tap and pay with Visa pay wave, Apple Pay or Google Pay for purchases under $100. With a maximum of $50 cash back per month. In addition you need to deposit $2,000 or more into your Everyday Global Account each calendar month.
  • Daily maximum ATM withdrawal is $2,000
  • Fraud protection covered by Visa Zero Liability
  • Can be used wherever Visa is accepted

The HSBC Everyday Global Debit Card is a good option to take travelling and to spend money in Australia with no international transaction fees, international ATM fees and monthly fees. In addition there is no maximum balance on currencies held and a 2% cash back incentive when you tap and pay under $100.

Finally it is one of the only travel cards that offers Chinese Yuan. To avoid ATM fees you need to find HSBC branches in Australia and only use ATMs overseas with a VISA or VISA Plus logo.

ING Orange Everyday Account Debit Card

  • No ATM fees
  • No international transaction fees
  • No initial card fee
  • No account keeping fees
  • Can be used in Australia with no additional costs
  • No fees for paying via bank transfer or Bpay
  • Transfer limits can be set by user
Key features
  • Simple and easy to work out costs for account
  • As long as you you deposit at least $1000 and make at least 5 payments each month ING will waive international transaction fees and refund overseas ATM withdrawal fees
  • Can be used in all countries
  • Can be used in Australia to buy goods overseas and not pay international transaction fees
  • Works with Apple Pay and Google Pay
  • Can be used wherever Visa is accepted
  • Visa currency conversion rates apply, which are normally 4% above market

The ING Orange Everyday Account Debit Card is a good card for most Australians travelling overseas for ATM access, with no fees. It also allows you to to buy goods online without an international transaction fee.

Furthermore you can use it in Australia for free and there are no fees to get your initial card, for account keeping or to top up your card. A word of caution however, if you travel overseas for longer than 1 month, you still need to deposit at least $1,000 and make at least 5 payments each month to get the rebates.

Wise Travel Card

  • 40+ currencies available
  • Best exchange rates globally
  • One of the lowest conversion fee on the market
  • No international transaction fees
  • No annual or monthly fees
  • Extremely low costs to send money overseas
Key features
  • Cross currency conversion fees are between 0.24–3.69%. AUD to USD, EUR or GBP was 0.42%, which is one of the lowest on the market
  • Free cash withdrawals up to $350 every 30 days. However after that, Wise charge a fixed fee of $1.50 per transaction + 1.75%
  • Daily ATM withdrawal is $2,700
  • Issue up to 3 virtual cards for temporary usage
  • It takes between 7 to 14 business days to receive your card
  • Can be used wherever MasterCard is accepted

The Wise Travel Card is great for frequent travellers as it offers over 40 currencies at the inter-market exchange rate, which is the cheapest rate globally. In addition you can buy goods online from overseas with no transaction fee plus get the best exchange rate. However if you use ATMs frequently this is not the card to use due to the fees.

Finally Wise Travel Card lets you transfer money to an overseas bank account with extremely low fees and the best exchange rate.

Our Wise Travel Card Review

Editorial note: We may not cover every product in this category. For more information, see our Editorial guidelines.

Picking a Travel Debit Card

Travel debit cards offer several advantages over traditional credit cards and cash:

  • Lower Fees: Many travel debit cards come with lower or no foreign transaction fees, saving you money on every purchase.
  • Security: Enhanced security features such as chip-and-PIN technology and 24/7 fraud monitoring help protect your finances.
  • Convenience: Easy access to local currency at ATMs worldwide ensures you can always have cash when needed.
  • Budgeting: This helps you manage your spending by using funds directly from your account, avoiding the temptation of credit card debt.

 

Key Features of Travel Debit Cards

When selecting a travel debit card, it's important to consider the following features:

  1. Foreign Transaction Fees: These fees are charged on purchases made in a foreign currency. Many travel debit cards offer low or no foreign transaction fees, making them cost-effective for international travel.
  2. ATM Access and Fees: Look for cards that offer free or reimbursed ATM withdrawals worldwide. This can save you significant money, especially if you frequently withdraw cash during your travels.
  3. Currency Conversion: Ensure the card offers competitive exchange rates for currency conversion. Some cards use the interbank rate, often the best rate available.
  4. Security Features: Opt for cards with robust security measures such as chip-and-PIN technology, 24/7 fraud monitoring, and emergency card replacement services. These features provide peace of mind and protect your money.
  5. Mobile App: A user-friendly mobile app can enhance your travel experience by providing instant notifications, easy account management, and real-time spending analytics. Look for cards that offer a comprehensive mobile banking experience.

 

How to Choose the Right Travel Debit Card

Selecting the right travel debit card involves considering your travel habits and financial needs. Here are some factors to consider:

  • Travel Frequency: A card with no foreign transaction fees and free ATM withdrawals is essential if you travel frequently. Occasional travelers might prioritize other features, such as ease of use or customer service.
  • Destination: Consider where you'll be traveling. Some cards are better suited for specific regions or countries, offering better ATM networks or lower fees in those areas.
  • Spending Habits: Analyze your spending habits to determine what features are most important. For example, if you make frequent small purchases, a card with no foreign transaction fees will be beneficial.
  • Existing Bank Relationship: If you're already happy with your current bank, check if they offer a travel debit card that meets your needs. Switching to a new bank can sometimes be a hassle, so starting with your existing bank might be the easiest option.

 

Additional Tips for Using Travel Debit Cards

  1. Notify Your Bank: Inform your bank about travel plans to prevent your card from being blocked for suspicious activity. Many banks offer the option to set travel alerts online or through mobile apps.
  2. Carry a Backup: Always have a backup card if your primary card is lost or stolen. A second debit or credit card can be a lifesaver in emergencies.
  3. Keep Contact Information Handy: Have your bank’s contact details readily available if you need to report a lost or stolen card. Store these details in a secure location, separate from your wallet.
  4. Monitor Your Account: Regularly check your account for any unauthorized transactions and report them immediately. Most mobile banking apps allow you to set up instant transaction alerts for added security.
  5. Use ATMs Wisely: Use ATMs located inside banks or well-lit, secure areas. Avoid using ATMs in isolated or unsafe locations to minimize the risk of theft or fraud.

 

Understanding Travel Debit Card Fees

Travel debit card fees can vary, so it's important to understand what fees might apply. Common fees include:

  • Foreign Transaction Fees: A percentage fee charged on purchases made in a foreign currency. Some cards waive this fee, making them ideal for international travel.
  • ATM Withdrawal Fees: Fees for withdrawing cash from ATMs abroad. Some cards offer fee reimbursements or no fees, while others may charge a flat fee per withdrawal.
  • Currency Conversion Fees: A fee for converting your home currency to the local currency. Cards offering real exchange rates with low or no conversion fees are preferable.
  • Inactivity Fees: Some cards may charge a fee if the card isn't used for a certain period. Check the card's terms to avoid unexpected charges.
  • Account Maintenance Fees: Monthly or annual fees for maintaining the account. Some travel debit cards waive these fees if you meet certain criteria, such as maintaining a minimum balance.

 

How Travel Debit Cards Compare to Other Payment Methods

Travel debit cards are just one option for managing your finances while traveling. Here’s how they compare to other popular payment methods:

Credit Cards

Pros: Credit cards often come with travel rewards, purchase protection, and additional security features. They can be useful for large purchases and emergencies.

Cons: Credit cards typically have higher foreign transaction fees and interest rates. If not managed carefully, they can also lead to overspending.

Cash

Pros: Cash is widely accepted and useful in places where card payments are unavailable. It also helps you stick to a budget.

Cons: Carrying large amounts of cash can be risky. Exchange rates at currency exchange booths may not be as favourable as those offered by travel debit cards.

Prepaid Travel Cards

Pros: Prepaid travel cards allow you to load money in different currencies, locking in exchange rates before you travel. They offer security features similar to those of travel debit cards.

Cons: Prepaid cards often have various fees, such as loading fees, ATM withdrawal fees, and inactivity fees. They also don't offer the same level of flexibility as debit cards linked to a bank account.

Traveler’s Checks

Pros: Traveler’s checks are secure and can be replaced if lost or stolen. They are accepted at many banks and currency exchange locations.

Cons: Traveler’s checks are becoming less common and may not be accepted everywhere. They can also be cumbersome to use compared to modern payment methods.

FAQs

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What is the difference between a debit card and a travel card?

The difference between a debit card and a travel card is that you preload a travel card with foreign currency before you leave. The exchange rate is set for your time overseas. Most preloaded currency cards have 10 different currencies on them for you to choose from.

A debit card only has Australian dollars in it. You pay a currency conversion fee every time you make an online overseas purchase or pay with your debit card overseas.

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How do you use a debit card overseas?

Using a debit card overseas is similar to how you use it in Australia and you wave your card over the charging device. You might be asked to key in your pin, which will be the same pin as you use in Australia. It is always advisable to let your bank know you are travelling overseas as they might block the transaction.

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Is a prepaid travel card better than a debit card for travelling overseas?

A travel card is better for currency exchange rates and a debit card is better for convenience. Both are equally good for security. A travel card has a cheaper currency exchange rate around 2% however a debit card is more expensive at around 4%. A debit card can be used in Australia once your travels are over and if you choose Macquarie, Up Bank, Citibank, HSBC or ING you will not pay for foreign transaction fees.

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What is a good travel debit card?

A good travel debit card will save you lots of money and does not charge monthly or account keeping fees. It does not charge a foreign transaction fee or fees to withdraw cash from ATMs in Australia or abroad. It has good security and is easy to transfer funds into when overseas.

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Can you use an Australian debit card overseas?

You can use most Australian debit cards overseas, if you advise your bank you are travelling overseas in advance. In some cases you can not use your Australian debit card overseas, so it is best to check before you depart Australia.

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How to choose a debit card for overseas travel?

The first thing to look for are no foreign transaction fees, these can be between 3-5%. Second, you need to look for a debit card that does not charge for overseas ATM withdrawals, as these can be $5 per transaction plus 3%. Therefore a cash withdrawal of $300 will withdraw $314 from your account.

Third, you need to look for a debit card with no monthly fees or account keeping fees. Finally you need to choose a debit card with good security and is easy to transfer money into while you are travelling overseas.

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Pros and cons of using a debit card overseas

The pros of using a debit card overseas is that they are very convenient as you can use them when you return to Australia to pay for everyday items like groceries and fuel. They are generally accepted in most places around the world especially if they are linked to Visa or Mastercard.

The cons of using a debit card overseas is that they can get expensive if you choose one with foreign transaction fees, monthly fees and fees for withdrawing cash from ATMs.

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What happens if I lose my debit card overseas?

Luckily the days of having to call an international number to report a stolen or lost card are gone. In most cases you should be able to notify your bank through the mobile app your debit card has been lost or stolen and they will deactivate your debit card immediately to stop unauthorised spending.

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Are there any ongoing fees with an overseas debit card?

If you choose a Macquarie, Up Bank, Citibank, HSBC or ING debit card then you will not have any ongoing fees with an overseas debit card. If you choose the Commonwealth World, the NAB Platinum or Westpac Choice debit card you will have ongoing monthly fees.

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How do I move money to my debit card overseas?

It’s simple. To move money to your debit card overseas, you login into the account you want to transfer money from and transfer your Australian dollars to the bank account that is linked to your debit card overseas. If your bank uses OSKO or Pay ID this should happen immediately, even if you are overseas at the time.

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Should I use a Mastercard or Visa to travel overseas?

According to NerdWallet Mastercard gives the best currency conversion rates globally, giving better rates 70% of the time. This includes the major traded currencies such as the US dollar, Euro, Great British Pound, Australian dollar, Japanese yen, Hong Kong dollars, Canadian dollars, Singapore dollars, Swiss francs and New Zealand dollars. However Visa does give better currency conversion rate for Thai baht, Hungarian forint, Icelandic Krona and Tunisian dinar.

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Are travel debit cards accepted everywhere?

Travel debit cards are widely accepted at ATMs, restaurants, hotels, and retail stores around the world. However, acceptance may vary in more remote or rural areas, so it’s always good to have some local currency on hand as a backup.

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Can I use my regular debit card for travel?

While you can use your regular debit card for travel, it may not offer the same benefits as a dedicated travel debit card, such as lower foreign transaction fees or free ATM withdrawals. Check with your bank to see what fees and charges may apply.

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What should I do if my travel debit card is lost or stolen?

If your travel debit card is lost or stolen, contact your bank immediately to report the loss and request a replacement card. Most banks offer emergency card replacement services and can assist with accessing emergency funds.

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How do I avoid ATM fees when using a travel debit card?

To avoid ATM fees, look for travel debit cards that offer free or reimbursed ATM withdrawals worldwide. Additionally, use ATMs within your card’s network to minimize fees, and withdraw larger amounts of cash less frequently to reduce the number of transactions.

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Are there any downsides to using a travel debit card?

While travel debit cards offer many benefits, there are some potential downsides. These can include ATM withdrawal limits, fees for certain transactions, and the need to manage your account balance carefully. However, for most travellers, the advantages outweigh the drawbacks.

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