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.
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.
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.
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.
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.
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.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.