It still features the $0 ATM withdrawal fees and 0% foreign transaction fees, but it also allows you to buy and lock in currency from nine different countries: US Dollar, Great British Pound, the Euro, Hong Kong Dollar, Canadian Dollar, Japanese Yen, New Zealand Dollar, Singaporean Dollar, and the Chinese Yuan. HSBC offers a slightly different product. UBank is another bank offering a transaction account and linked debit card that features $0 foreign ATM withdrawal fees, as well as 0% transaction fees, along with no conditions that need to be met. There are conditions you have to meet however: deposit at least $1000 per month and make five settled (not pending) card purchases per month. Another major bonus is that ING will refund any ATM fees you encounter on your trip, even in places such as Las Vegas where ATMs can cost around $8 to use. ING’s product is a popular one with 0% fees to use your card overseas, and no ATM withdrawal fees. On top of that, there are no conditions to be met - these perks are available straight out of the box. It also features 0% fees to use your card overseas. Up Bank is a neobank that recently slashed its foreign ATM withdrawal fee. Be sure to confirm all info with the provider before signing up for any financial product. Note that foreign ATMs may still charge a fee to use their machine, but in many cases there are fee-free machines scattered across many popular destinations that Aussies visit.Īll product info below was sourced from the various providers' websites and correct at the time of writing. With some, certain conditions must be met to get the perk, while with others you can hit the ground running. Seven banks stand out as having transaction accounts with debit cards that feature low or no foreign exchange fees or ATM fees when you’re overseas. Whether you’re Nigel, the banker on a business trip to London, or Faith, the student finding herself in Ecuador building schools for the poor, you’ll need some way to pay in the local currency - whether that’s cash, credit, debit or all three. Gone are the days when a camping trip to Yamba would suffice - we are now found in all corners of the globe thanks to a thirst for foreign experiences, and cheap airfares. Aussies love a good dose of overseas travel.
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