Untitled design

The Features That Business Travellers Should Look for in a Debit Card

Debit cards offer a number of benefits that cash and other forms of payments don’t.

When choosing debit cards available for business trips, you should look carefully at the specific cards that are suited to be used for this purpose. Business debit cards give you the convenience of using your own money to make business purchases wherever the card is accepted. It’s also linked to a business transaction account or business savings accounts so you have more control over your business banking while travelling.

Rates last updated February 23rd, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Commonwealth Bank Business Transaction Account
Visa
$0
$0
Open business transaction account in less than 10 minutes.
St.George Business Cheque Account Plus
Visa
$0
N/A
A low monthly fee to manage your business funds.
BankSA Business Cheque Account Plus
Visa
$0
$0
Prefer banking the old fashioned way? You'll appreciate the benefits of a BankSA Business Cheque Account Plus.
BankSA Freedom Business Account
Visa
$0
$0
Make tax time easier with better reporting. Separates personal and business transactions.

Compare up to 4 providers

Rates last updated February 23rd, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Classic Banking
Visa
$0
$0
$0 monthly account fees.

Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone.
ANZ Access Advantage
Visa
$0
$2,000
Apple Pay, Android Pay & ANZ Mobile Pay.
Take advantage of Apple Pay by linking your ANZ Visa Debit card to an eligible iPhone and seamlessly pay for purchases with your phone.
St.George Complete Freedom Account
Visa
$0
$2,000
$50 cash bonus
Waived account keeping fees when minimum deposit is met with no minimum balance. Get a $50 cash bonus if you open a new account and deposit $250 within the first 45 days (conditions apply)
Westpac Choice
Mastercard
$0
$2,000
$0 ATM withdrawal fee at 50,000+ ATMs globally.
Via Westpac's Global ATM Alliance. Get cash without your debit card (conditions apply).
Bank of Melbourne Complete Freedom
Visa
$0
$2,000
$50 cash bonus
Get cardless cash and shop securely with your Visa debit card. Customise SMS and email alerts. $50 cash bonus to new account holders if you deposit $250 within the first 45 days (conditions apply)
BankSA Complete Freedom Account
Visa
$0
$2,000
$0 ATM withdrawal fee at 50,000+ ATMs globally

Take advantage of Westpac's Global ATM Alliance to withdraw money for free at 50,000+ international ATMs. Enjoy fee-free banking if account conditions are met.

Compare up to 4 providers

Back to top

What are the key considerations when travelling with a business debit card?

  • Security

    One of the most important features of your business travel debit card is security. All debit cards have a number of different security standards that they are required to adhere to. Whether it’s protected by Visa or Mastercard, the security that a debit card offers is the biggest reason why you should use a card for your travels instead of cash. Cash is extremely easy to steal, and if you lose it when you’re travelling, it’s going to be near impossible to replace.

    However, be mindful that your debit card is linked to your business transaction account, which means whoever is in possession of your debit card has access to all the funds in the account. If the worst case scenario the debit card does get stolen you’ll need to notify the relevant bank immediately.

  • Convenience

    Debit cards are also better suited for business travel because they are easier to handle than cash. Business travellers are in a unique situation because their work may take them all over the world. This makes using cash for business expenses less than ideal, because each of the places you may travel to may require a different currency. Keeping each form of currency in cash for every place that you will travel is simply more trouble than it is worth. If you use cash, not only do you have to worry about the potential security problems, but you also have to worry about having the right amount of the right currencies as well. You can also organise your money online, over the phone or in person wherever your debit card is accepted.

  • Currency exchange

    Using a debit card also saves you the trouble of exchanging your leftover currency back to Australian dollars. This can save you the fee involved in doing the exchange twice.

  • Complimentary insurance

    Some high tier debit cards in Australia also offer complimentary insurances such as overseas travel insurance, purchase protection and extended warranty. Although purchase protection and extended warranty usually only applies to purchases made in Australia, complimentary overseas travel insurance can greatly benefit you when travelling. Instead of paying for an external travel insurance policy, you can save by meeting the terms and conditions set out on the business debit card.

  • Fees

    If you’re a frequent flyer or traveller, your number one feature to look at in a debit card is international usage and the fees that apply to it. You want to make sure that the debit card company will not gouge you with fees if you use your card abroad.

    With a debit card, the hassle of working with other currencies is taken care for you because most debit cards in Australia only deal with Australian dollars. While you don’t have to worry about having a certain amount of a currency, you do need to worry about foreign transaction fees and ATM fees. Some debit cards don’t charge these fees, but most of them do.

Debit cards can be used where Visa and Mastercard are accepted, whether it’s an ATM or over the counter. They are linked to your business bank account and cards are generally protected against fraud by banks and other security agreements.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

Was this content helpful to you? No  Yes

Related Posts

Savings Account Offers

Important Information*
ANZ Progress Saver

Maximum Variable Rate

1.71

Standard Variable Rate

0.01
ANZ Online Saver

Maximum Variable Rate

2.55

Standard Variable Rate

0.50

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site