Compare Visa Debit Cards and Receive Acceptance at Millions of Locations Worldwide

Information verified correct on February 8th, 2016

Untitled designGet a Visa debit card to access our own money globally, without the stress of building debt.

Visa Inc, a multinational financial services corporation, works in facilitating electronic funds transfers across the world, through Visa branded debit and credit cards. Visa doesn’t issue these cards. When you get a Visa debit card, you’re essentially getting a Visa branded card from a financial institution that has chosen to partner with Visa.

What sets a Visa credit card apart from a Visa debit card is the former provides funds on credit and the latter gives you access to your own money.

Rates last updated February 8th, 2016
Debit Card Account Details Card Type Monthly Account Fee Minimum Opening Balance Description
ING DIRECT Orange Everyday Account
ING DIRECT Orange Everyday Account
Get up to 2% cash back on Visa payWave purchases. Conditions apply. Visa Debit Card $0 $0 No monthly fees, and you can use any ATM in Australia for free when you deposit $1,000 each month e.g your salary. Open More
St.George Complete Freedom Account
St.George Complete Freedom Account
Flexible bank account with Visa Debit card and SMS and email alert system. Visa Debit Card $5 $1 No account keeping fees, if you deposit $2,000 per month plus no minimum balance required. No ATM fees when using St.George, Westpac and BankSA ATMs. Open More
Citibank Plus Everyday Account
Citibank Plus Everyday Account
Get 5% cashback on Visa payWave purchases (under $100) for four months and deposit $3,000 each month. Visa Debit Card $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. Open More
ANZ Access Advantage
ANZ Access Advantage
Open ANZ Access Advantage account and enjoy unlimited transactions at ANZ ATMs, EFTPOS, Internet, Mobile and Phone Banking. Visa Debit Card $5 $0 No monthly account fee when you deposit at least $2,000 per month. Open More
Bank of Melbourne Complete Freedom
Bank of Melbourne Complete Freedom
A flexible transaction account with optional VISA debit card which can be used at Westpac, St.George, BankSA and Bank of Melbourne ATMs for free. Visa Debit Card $5 $1 No ATM fees when you use Bank of Melbourne, BankSA, St.George or Westpac ATMs. No monthly fees when you deposit at least $2000 into this account each month. Open More
NAB Classic Banking
NAB Classic Banking
No monthly account fees ever and get a NAB Visa Debit card with payWave at no extra cost. Visa Debit Card $0 $0 No fees when using a NAB or RediATM and $0 overdrawn fees. Open More
Bank of Queensland Day2Day Plus Account
Bank of Queensland Day2Day Plus Account
No monthly account fee and no minimum deposit per month. Visa Debit Card $0 $1 No monthly account fee and free access to over 3,000 rediATMs nationwide. More
HSBC Day to Day Transaction Account
HSBC Day to Day Transaction Account
Enjoy 5% cash back on all payWave purchases under $100. Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program. Visa Debit Card $0 $0 No ATM fees at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Open More

Video: What is a Visa debit card?

What is a Visa debit card?

A Visa debit card gives you the ability to make payments without the use of cash, giving you easy access to the money in your bank account. When you use such a card to make a purchase, the funds debit from your account automatically, provided your existing account balance can cover the purchase. Visa cards find acceptance internationally, so you can look forward to using your card when you travel overseas.

A number of financial institutions in Australia offer Visa debit cards, and while they come with the same basic functionality, features on offer can differ from one card to the next.

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What are the benefits of using a Visa debit card?

Here are some of the perks you can expect from using a Visa debit card:

  • No debt. One of the primary benefits of getting a debit card is the reduced risk of getting into debt. This is because you limit to spending your own money, and you don’t have to worry about overspending owing to easily available credit.
  • Convenience. Using a Visa debit card definitely offers more convenience when compared to using cash or an EFTPOS card.
  • Easy access to account information. Most financial institutions that offer a Visa debit card allow cardholders to manage their account through an online banking platform.
  • No credit check. Getting a Visa debit card doesn’t involve an application for credit, so you don’t have to worry about an impending credit check.
  • Zero Liability policy. Visa has a Zero Liability policy in place that protects cardholders from taking responsibility for fraudulent and unauthorised transactions.

Using your Visa debit card

Where can I use my Visa debit card?

Visa finds acceptance in over 200 countries and territories around the world, at more than 30 million locations, and you can use your Visa debit card at any ATM or EFTPOS terminal that displays the Visa symbol. You can also use your Visa debit card to make purchases and pay bills over the phone and online.

How can I use my Visa debit card?

You use your Visa debit card just as you would an EFTPOS card or a credit card. When you use your card at an EFTPOS terminal, press the ‘credit’ button. This does not mean you’re using credit, but ensures that you receive protection through Visa’s Zero Liability policy. To authorise a purchase, you can enter your PIN or sign a receipt. If your Visa debit card is payWave enabled, you can use it to make contactless payments of less than $100.

How do I apply for a Visa debit card?

You’ll need to get in touch with your preferred financial institution to apply for a Visa branded credit card. You would need to apply for a transaction account or an everyday account that comes with a Visa debit card. Most financial institutions give you the ability to apply online, and you would need to complete an identity verification process before your account becomes operational.

How has the Visa debit card has evolved over the years?

Visa’s history dates back to the late 1950s, when Bank of America launched its BankAmericard credit card program in California, USA. The name Visa came about in 1976, when various international financial networks came together as a single network. While credit cards have been around since the 1950s, debit cards entered the picture only in the late 1960s, and their use grew considerably in the 1980s.

Visa debit cards, over time, have evolved from cards that relied solely on magnetic strips, to cards that come with microchips and allow contactless payments.

If you don’t want to build up debt, and want the convenience that comes with a credit card, consider getting a Visa debit card instead. Don’t forget that you have numerous options from which to choose, so compare as many as possible before applying.

Frequently asked questions

What role does the microchip on my Visa debit card play?

This microchip holds your personal information, and it offers increased protection against fraud when compared to previously prevalent magnetic strip technology.

Why does my microchip enabled card still have a magnetic strip?

ATMs and other swipe machines rely on this magnetic strip to identify your card.

What is CVV?

CVV stands for card verification value, and it refers to the last three digits found at the back of your card, which are unique to your card. You might need this set of numbers to make online and over the phone transactions. Some merchants refer to this as card security code (CSC) or card verification code (CVC).

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