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

Information verified correct on December 6th, 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 December 6th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
St.George Complete Freedom Account
10% Cash back for online gaming purchases.
Waived account keeping fees when minimum deposit is met with no minimum balance.
Visa $0 $2,000 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
ING DIRECT Orange Everyday Account
Get a $75 cash bonus.
Get a competitive ongoing variable rate when linked with a Savings Maximiser.
Visa $0 $1,000 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
Bank of Melbourne Complete Freedom
Get Cardless cash and shop securely with your Visa debit card. Customise SMS and email alerts.
Visa $0 $2,000 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
ANZ Access Advantage
Earn a $100 shopping voucher.
For opening a new account by 18 Dec 2016 and shop three times with your new Visa debit card by 8 Jan 2017 (conditions apply).
Visa $0 $2,000 No monthly account fee when you deposit at least $2,000 per month. Other fee waivers available based on your personal situation. Open More
Bank of Melbourne Express Freedom
Get Cardless Cash and PAYG branch and cheque services.
Visa $0 $1,000 No ATM fees when you use Bank of Melbourne, St.George, Westpac and BankSA ATMs. No monthly fees if you deposit $1000 into your account each month. Open More
BankSA Express Freedom Account
Get Cardless Cash, free SMS and email alerts.
Visa $0 $1,000 Avoid ATM fees when using BankSA, St.George, Bank of Melbourne and Westpac ATMs. Avoid the monthly fee if you deposit $1000 into this account each month. Open More
BankSA Complete Freedom Account
Open one in less than 5 minutes with Cardless Cash available.
Visa $0 $2,000 No monthly account keeping fees when you deposit at least $2,000 in the account each month. Free access to BankSA, St.George, Westpac and Bank of Melbourne ATMs. Open More
Bank of Queensland Day2Day Plus Account
An everyday transaction account with a linked Visa debit card.
Visa $0 $0 No monthly account fee and free access to over 3,000 rediATMs nationwide. 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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