![]() ![]() ![]() Peer-to-peer secure currency swapping system provides extremely good exchange rates.Can be used in over 150 currencies, and stores money in 18 currencies.Manage your account online or via the Chase Mobile app.Manage your account online or via the Schwab Mobile app.Covers 100% of any losses in your Schwab account/s due to unauthorised activity.No minimum balance required, and it also earns interest.Available currencies: AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, CNYĬharles Schwab Bank – High Yield Investor Checking Account.Manage your account and switch currencies instantly with the HSBC Australia Mobile Banking app.Can be used everywhere Visa is accepted.Available currencies: AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, THB, AED.Earn 1.5 Qantas points for every AU$1 spent in foreign currency, and 1 point for every AU$4 spent in Australian dollars.Can be used everywhere Mastercard is accepted.Simple account management via the PayPal Prepaid mobile app or website.No transaction or purchase fees (but there is a $1.95 ATM withdrawal fee and a 2.5% foreign transaction fee).Gives you faster access to your funds than traditional banks (up to 2 days faster!).Linked to your PayPal account, not your bank account.Can be used everywhere debit cards are accepted (except certain blocked countries).Best available exchange rates in all currencies, and very low currency conversion fees.50+ currencies available – load as many as you like.Can be purchased in many countries, including Australia, New Zealand, USA, Canada, UK, Europe, Singapore, Malaysia, Japan and Brazil.Reload 5 ways: online, mobile app, bank transfer, over the phone and in participating branches.Can be purchased in many countries, including Australia, New Zealand, Canada and the UK.The Travelex money app lets you manage your card any time, anywhere.10 currencies available – load as many as you like.Can be used everywhere MasterCard is accepted. ![]() Can be purchased worldwide (Australia, New Zealand, USA, Canada, UK, Europe, UAE, Japan, China, South America, to name but a few).Here are some recommendations for cards that won’t charge you extra, regardless of where you are in the world. Never convert to your home currency! The exchange rate is always inflated by the EFTPOS terminal, so you’ll end up paying more.Īnyway – down to the nitty gritty. Oh – and one more tip: EFTPOS machines will often detect your foreign card and ask whether you would like to pay in the local currency or your home currency. And even if you don’t plan on using your everyday card, it’s good practice to call your bank and let them know that you will be travelling overseas. A travel money card is another great option, as it’s not linked to your bank account. I always recommend bringing two cards from different banking institutions just in case one stops working or is lost. If you’re lucky, the card you already have will be the most suitable, but there may also be a travel-specific card available that will save you money and stress in the long run. Imagine arriving at your destination only to find that your card doesn’t work in the local currency – what a nightmare! Easily avoided with a little prior planning, though. If you plan to stick with your everyday banking institution, it’s a good idea to contact a representative and ask about the best option for international travel. There can be quite a few hidden fees lurking in the fine print of your debit or credit card terms and conditions, from withdrawal fees to currency conversion fees to transaction fees. Heed my warning, globetrotters: put in the effort before you travel and make sure you’ve got a card that won’t charge you extra for using it overseas. I end up looking about as cheerful as the poor woman above. How to Avoid International Transaction FeesĪrguably, the two most irritating aspects of paying by card while travelling overseas are ATM fees (seriously, I only need €20 and you want to charge me €3 to access it?!) and checking your card statement to find a series of international transaction fees underlining every purchase.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |