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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.

Business Account Offer

NAB Business Everyday Account ($0 Monthly Fee Option)

Business Account Offer

Help manage your business finances. $0 monthly account fee. No ATM fees at more than 3,000 NAB and rediATMs, and unlimited standard NAB electronic transactions. Tap and pay with your NAB Business Visa Debit card and NAB Pay for Android smartphones. Apply online.

  • Account keeping fee: $0.00
  • Linked debit card: Visa
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
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Promoted
Rates last updated August 15th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Business Everyday Account ($0 Monthly Fee Option)
Visa
$0
$0
Help manage your business finances.
$0 monthly account fee.
No ATM fees at more than 3,000 NAB and rediATMs, and unlimited standard NAB electronic transactions. Tap and pay with your NAB Business Visa Debit card and NAB Pay for Android smartphones. Apply online.
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 August 15th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
ING Orange Everyday Account
Visa
$0
$0
$75 cash bonus.
$0 monthly account fees.
Receive a $75 cash bonus if you open a new Orange Everyday account, enter the promotional code and deposit at least $1,000 within a calendar month and make 5+ card purchases (T&Cs apply). Get a competitive ongoing variable rate when linked with an ING Savings Maximiser.
NAB Classic Banking
Visa
$0
$0
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.
Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone. Temporarily block your card at the touch of a button if you lose it.
NAB Classic Banking with Platinum Visa Debit Card
Visa
$0
$0
$10 cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 monthly account fee.
Receive $10 cashback when you spend $1000 on contactless purchases. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria.
HSBC Everyday Global Account
Visa
$0
$0
No foreign ATM or transaction fees.
$0 monthly account fee.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.
MyState Everyday Account
Visa
$0
$2,000
A flexible option for day-to-day spending.
$6 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month or are 23 years or under. Apple Pay, Google Pay, Samsung Pay available.
ANZ Access Advantage
Visa
$0
$2,000
Pay with Apple Pay, Google Pay & Samsung Pay.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 25 or if you meet other eligibility criteria.
HSBC Day to Day Transaction Account
Visa
$0
$0
Open an account and easily switch your regular payments over from your current bank.
$0 monthly account fee.
Through your linked Visa debit card, you can access exclusive shopping, travel and restaurant deals here and abroad through HSBC's home&Away Privilege Program.

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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.

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