Suncorp and bankwest as per their respective website pages on overseas fees and charges. Fee information for anz, cba, nab, westpac, suncorp and. You can also transfer funds between the currencies for free while travelling and monitor your balance online or over the phone 247. If you want to save on annual fees, while enjoying a few nice features, the commonwealth bank low fee gold credit card could be the card for you. You may also have to pay a cash advance fee and an atm operator fee if you use an overseas atm. The commonwealth bank travel money card is a handy prepaid travel card if you are visiting multiple countries on your holiday as it allows you to load up to as many as currencies. Overseas transaction fee 3%, charged at any merchant outside of australia. You simply book travel and then redeem points for a statement credits against recent travel purchases, such as flights, hotels, vacation packages, cruises, rental cars, or baggage fees. The commonwealth bank low fee mastercard has a moderately high interest rate and a moderate number of interestfree days. Travelling overseas with your commonwealth bank credit card. Once youre overseas, you can also withdraw cash fees apply using your credit or debit cards, or a prepaid travel card. Commonwealth bank offers imt services for its banking customers via its online banking platform netbank or through the commbank app. Travelling overseas using credit card abroad john lewis.
This page explains how you can apply for a visa if you want to travel to a british overseas territory or commonwealth country. The commonwealth bank of australia does provide quick, convenient and easy currency exchange services, either online, in branch or via a smartphone app. But, given the cash advance fees youll incur, a debit or travel money card will be better value. Sep 02, 2007 also no fees for obtaining cash from atms. Though is i pay off the card as soon as i get home the interest is minimal anyway, certainly worth the hasslefree aspect.
Commonwealth bank cards ok in japan japan lonely planet. In depth view into commonwealth bank of australia price to book value including historical data from 2009, charts, stats and industry comps. Commonwealth bank travel money card questions page 3. We also travel with a visa gold card and generally only use this as a last resort whilst overseas, due to the fees involved. The dcc applies when the retailer asks if youd like to pay in your local currency, rather than the. The truth about using your bank card overseas travel. This article explains what exactly a travel money card is, what you should look for in a travel money card, and how to use them. Hey guys, just a quick easy question, what atms support the commonwealthbank travel money card. I have used a credit union visa debit in the past particulary in new zealand and that was fee free, no atm fees no eftpos fees no foreign currency fees. Can you send money overseas with the commonwealth bank, yes you can. If i use my card to book an airline ticket through an. Applicants for the partnership card must be uk residents excluding the channel islands, aged 18 or over and have a personal income of more than. The international transaction fee would also apply. The best travel credit and debit cards with no foreign transaction.
Commonwealth bank, anz, nab and westpac axe atm fees for. I work for another australian bank and have found that this is the best credit card in terms of fees etc. I want to have a debit card like my parents but im not sure because when i make transaction with my key card the bank dont charge me any extra money but for my parents they do when using the atm to. Visa gold card travel insurance insurance travel forum. Read our new zealand travel guide advising you on the easiest and. The exchange rates for subsequent reloads will be set at the prevailing exchange. The commonwealth bank debit mastercard is a great solution for people who want to be able to purchase products or services that require a credit card but wish to use their own money.
Universities rely too much on foreign student fees. Further information on how to receive money from overseas using the commonwealth bank of australia currency exchange rates. Ask them to send you details of their provider so that you can check their rates. Credit cards with no overseas transaction fees ozbargain. Transaction account designed for health care or pensioner concession card holders. Commonwealth bank of australia price to book value cmway.
Market recap for the month ending january 31, 2020. May 12, 2020 in depth view into commonwealth bank of australia price to book value including historical data from 2009, charts, stats and industry comps. As you would expect from australias biggest bank, youll be able to send money easily and. My friend opened an ing account before we left, and paid no fees. No matter where you go or how long you travel, using a credit or debit card with no foreign transaction fees is one of the easiest ways to save money while. Along with overseas eftpos fees, there are certain other types of fees you can be charged for spending or withdrawing money overseas.
All commonwealth bank atms are emv chip enabled and equipped with activedge antiskim card readers for even more added security. How to save on atm fees when withdrawing cash overseas. The truth about using your bank card overseas travel money oz. Do charges apply when i use my debit mastercard or. However, one difference is that mastercard has a lower fee 0. Best way to take money overseas best way to take money overseas. Commonwealth bank international money transfer mozo. New card activation and pin changes beginning on monday september 16, 2019, commonwealth bank debit card customers can call 18009923808 to activate new cards or to reset or change a pin at any time, day or night. Commonwealth bank low fee gold credit card features. Found out about it on one of the aussie current affairs programs. Credit cards are often the easiest way to spend your hardearned abroad, but cash is still king in many countries for smaller payments such as taxi fares, market shopping and even that first cup of coffee after you arrive.
Using your credit card overseas credit cards westpac nz. International transaction fees apply to all purchases, cash advances or transactions that are converted from foreign currencies to australian dollars. I used my commonwealth debit card in japan without problems. But, theres more to using credit cards abroad in order to reap the full benefit of all the services and ease cards offer overseas. Generally, if your debit card has a visa, mastercard, maestro or plus logo on it, you can. Keep in mind that international atm and eftpos fees may apply. The other two fees the crossborder transaction fee and. Just transfer your remaining balance to aud and use the currency pass as a regular debit card. Ask a question about commonwealth bank travel money card in travel money cards.
Transactions made overseas or through an overseas based online merchant will incur up to 3. To find your nearest atm, try the global mastercard atm locator. The exchange rates amount to daylight robbery in my book no wonder the banks are making many billions in profit. It is accepted at any places that accept mastercard credit cards and features the security chip and pay pass function that makes it easier to make payments without. There are no foreign transaction fees and no annual fee, so its ideal for casual travelers looking for a simple international credit card. If your card doesnt have a chip, you can request for a replacement card in westpac one or contact us on 0800 888 111. The international transaction fee applies to transactions in a foreign currency or australian dollars made while you are overseas or in australia for example via the. The commonwealth bank was the first to announced early on sunday the abolition of the fee, citing ongoing consumer unhappiness with it. We will travel to japan next week and will have a commonwealth bank of. And in many countries, you can use your discover card anywhere you see the diners club international logo. But the fee will still apply to customers using overseas bank cards. Alternatively, you can purchase foreign cash on the spot at selected branches. If you dont fancy opening a new current account, check out these foreign usage credit cards instead which also offer extra protection on purchases over. As a keycard isnt a creditcard, the balance available equals your available bankbalance which you can also check at any branch or online on netbank.
Dec 30, 2011 well i have a key card which i can only make transactions with by atm but i cant purchase online but my parents have a debit card which they can use online to purchase items and by atm too. The commonwealth bank low fee gold credit card offers 0% p. Sep 21, 2019 visa and mastercard both charge a fee of 1% when you convert currency and make purchases abroad. Which one is better a key card or a debit card commonwealth.
Atm cash withdrawal fees are also cheaper with travel money cards than with ordinary bank atm cards. Do charges apply when i use my debit mastercard or keycard. People with one of these accounts have the opportunity to choose between one of these debit card options to find the right kind of card for them. Lock in your exchange rates mean the exchange rate is locked in for the initial load only. Then you cop both rounds of atm fees, from both your bank and the local. Commonwealth bank travel money card prepaid travel card. Universities rely too much on foreign student fees, auditor says this article is more than 1 year old overseas income rose 23% in 2017, nsw report says, and institutions must reassess market.
If you make purchases overseas with your anz credit card, you may have to pay an overseas transaction fee. I only used the atms in the post offices though, and one at the airport. Commonwealth bank travel money card bali forum tripadvisor. An international atm and eftpos fee is charged on each transaction. We can accept and process visa applications on behalf of the. Australian creditdebit mastercards in japan japan forum. Commonwealth bank exchange rates, fees and international. Consider these tips for using a discover card, or any credit card, abroad.
Then check your account balance at your age, it would almost certainly be a savings account. Oct 20, 2008 i assume your talking about the commonwealth bank in australia, you can get money from atms but you cannot use it for eftpos as you would here, just get the money out at an atm. How to avoid paying bank fees while traveling updated 2020. The rates the sender gets for transferring currency to you will depend on the bank, money transfer provider or other service they are using. How to receive money from overseas using the commonwealth. Like most banks, the commonwealth bank has both a basic debit card, which they call a keycard, and a debit mastercard for more convenient access options with an everyday banking account. With the institution of chipandpin technology, european credit cards have surpassed u. Find out more about commonwealth bank credit cards. Chip credit cards are safer with added security that the embedded microchip provides.
Using commonwealth bank efpos card overseas uk australia. When you use your debit card overseas, or while shopping at an. Sep 12, 2016 like most banks, the commonwealth bank has both a basic debit card, which they call a keycard, and a debit mastercard for more convenient access options with an everyday banking account. I know that commonwealth charge a fee themselves its usd2. You use your credit card to withdraw cash from overseas. Put your keycard in any cba atm you could go to a noncba atm but be whacked a fee for it.