Australian debit cards with no foreign transaction fees

If you regularly make international purchases, one of these debit cards with no foreign transaction fees could save you money.

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Name Product Card access ATM Withdrawal Fee Fee Free Transactions p.m. Monthly account fee
HSBC Everyday Global Account
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HSBC Everyday Global Account
Special offer: $100 cash bonus for new HSBC customers.
Earn 2% cashback on tap and pay purchases (T&C's apply).
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

Suncorp Everyday Options Account
There's no international transaction fee when using your Suncorp Visa Debit card overseas, and no overseas ATM withdrawal fee charged by Suncorp (the ATM operator may charge its own fee though).
Citi Global Currency Account
Earn up to 0.6% p.a. interest on your AUD balance. You can hold up to 10 different currencies in the account, and withdraw the correct local currency from international ATMs with no withdrawal fee and foreign currencies fee.
Citibank Plus Everyday Account
Free international money transfers and free overseas Citibank ATM withdrawals.
Macquarie Transaction Account
Everyday banking with a linked Mastercard and protection against unauthorised transactions.
Suncorp Everyday Essentials Account
Affordable banking for low income customers and holders of concession and health care cards.
Suncorp Everyday Options Sub Account
Ongoing, variable 0.05% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
UBank USpend
Earn up to 1.1% p.a. interest on your linked savings account. No foreign ATM or transaction fees.
$0 monthly account fee.
You must open the UBank USave with USpend Bonus savings account in order to get this account. Enjoy access to ATMs in Australia and overseas for free and a 0% foreign transaction fee for online purchases. Manage your spending with a built-in sweep facility that automatically moves money between your linked accounts based on the limits you set. Make contactless payments with Apple Pay and Google Pay.

Compare up to 4 providers

You can avoid paying international transaction fees, both online and when travelling overseas, by using a debit card that waives this fee. Banks can charge a foreign transaction fee of 3.5% (or more!), which would quickly add up if you often shop online with overseas retailers. We've found a bunch of great Australian debit cards that don't charge this fee, and put them in a list for you to easily compare.

What is a foreign transaction fee?

A foreign transaction fee is applied by your bank whenever a currency conversion is required. For example if you make a payment online using your Australian debit card on a US site, your bank needs to exchange AUD for USD to process the payment, so it will charge you a fee to do this.

The foreign transaction fee is usually around 3.00-4.00% of the transaction value, which is quite high if you're making large payments. For example if you made a $300 purchase online from an American site, if your bank applies a 3.00% foreign transaction fee you'd be hit with a $9 fee. This may not seem like much, but if you're making payments like these every week it can quickly add up.

How do debit cards with no foreign transaction fees work?

You usually receive a debit card when you open an everyday bank account. The debit card allows you to access your own money to make everyday purchases in store or online, plus lets you withdraw your own money from an ATM. Some banks offer debit cards with low or even no foreign transaction fees. This means that you can still make purchases using your own money, but you won't be hit with the fee when you make overseas purchases. Most Australian debit cards come affiliated with Visa or Mastercard, so you can look forward to using these internationally while travelling.

What are the benefits of using a debit card with no foreign transaction fees?

Here are some of the benefits you can expect from using a debit card with low foreign transaction fees:

  • Save money on international purchases made online. Debit card international transaction fees typically vary between two to three percent of the transaction value. If you often buy things from overseas online, a debit card that charges no foreign transaction fees could lead to significant savings.
  • Save money when using your card overseas. The same applies when travelling internationally. If you opt for a debit card with no foreign transaction fees, you can use your card overseas just as you would at home and won't have to worry about transaction fees. Not only will this save you money, but it will save you the hassle of getting a travel debit card just for your trip.
  • Global and easy. If you have a Mastercard or Visa debit card you can look forward to using your card in over 200 countries and territories across the world, at ATMs and EFTPOS terminals alike. You can also use your card for online transactions on international websites, from within Australia and when you’re travelling.
  • No overspending and no interest accruing. Unlike a credit card, a debit card only allows you to access the cash in your transaction account. This can help keep your spending in check, as you're only spending what you actually have available in your account.
  • Keeping it simple. A debit card gives you a simple way to access your own money, no matter where you go. You don’t have to worry about loading foreign currency on to your card, you don’t have to exchange cheques for cash, and you don’t have to worry about applying for a credit card.

What fees are normally involved when using a debit card for international purchases?

While using your debit card when overseas gives you quick and easy access to money, it pays to find out just how much you’ll end up paying in other fees and costs:

  • Foreign transaction fee. This fee is a combination of what your card provider charges along with what the payment processor charges. For example, if you have an ANZ Visa card, its foreign currency conversion fee would be a combination of fees charged by ANZ and Visa. You have to pay this fee when you use your card to pay in foreign currency, which your card provider converts into Australian dollars. It is usually between two and three percent of the transaction value.
  • Overseas ATM fees. When using your debit card to withdraw money from an overseas ATM, the ATM owner charges a fee, as does your card provider. You can lower your ATM-related costs by withdrawing money from your provider’s international ATM partners, withdrawing large sums to reduce your ATM visits, or switching bank accounts to one which charges no or low international ATM fees on its associated debit card.
  • Foreign exchange rate margin. Banks make money by adding a margin (or a mark-up) on top of the real exchange rate when transferring one currency into another. Each bank will charge a different margin, so will offer different exchange rates. While this cost is not as transparent, if your bank is offering a poor exchange rate you could be losing money when using your debit card overseas.
  • International money transfer fee. If you'd like to send money to someone overseas from your regular bank account in Australia, your bank will likely charge you a hefty fee, sometimes over $20. To avoid this, opt for a dedicated international money transfer service when sending money to someone overseas rather than using your bank.

How do these debit cards compare to travel money cards or credit cards?

You get multiple options when it comes spending money overseas, and here’s how debit cards compare to popular alternatives like travel money cards and credit cards:

Credit cards

Credit cards, like debit cards, attract international transaction fees and ATM fees. Credit cards can give you access to extra funds outside of your available debit balance, which can come in handy during emergencies.

Since a credit card gives you access to money you don’t really have, overspending can become a problem and you could end up accruing high amounts of interest if you’re unable to pay your balance in full. Also, be aware that using your credit card to withdraw funds from an ATM, or to buy foreign currency or travellers cheques, is considered a cash advance transaction. These transactions attract an additional fee. You can compare credit cards with no foreign transaction fees here.

Travel money cards

A travel money card gives you the ability to load multiple currencies onto a single card to avoid currency conversion fees, and you can lock exchange rates in place before you travel. Depending on the card you’re using, you may be charged a fee when loading funds on the card or withdrawing money from ATMs.

Make sure you compare your options, though, as different travel money card will offer different exchange rates and load fees. You can compare some prepaid travel money cards here.

What are the pros and cons of using a debit card with low foreign transaction fees?


  • Access your own money. Since you’re accessing money from your own bank account, you don’t have to worry about repayments, paying interest, or overspending.
  • Low or no foreign transaction fees. If you’re outside Australia for a considerable duration and end up using your debit card regularly, low or no foreign transaction fees can lead to noticeable savings.
  • No transfers required. Since your debit card gives you direct access to money in your bank account, you don’t have to worry about transferring money from your account to another account or card.
  • No conversion required. Using your debit card to pay in foreign currency is easy, and does not require you to carry out complicated calculations. Your card provider does this for you using current exchange rates.


  • No access to extra emergency funds. You can only access funds in your bank account, and no more, so in case of an emergency a credit card could work better.
  • Limited choice of providers. While a number of Australian financial institutions provide debit cards, not many offer debit cards with no foreign transaction fees, so your choices remain limited.
  • Conditions to meet. There may be account conditions you're required to meet in order to enjoy no foreign transaction fees.
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    16 Responses

      Default Gravatar
      LukeSeptember 6, 2018

      Does the NAB Platinum visa debit card have any currency conversion fees when using foreign ATMs with this card? Their product disclosure states that no foreign fees apply to purchases but I’m not sure if this covers using an ATM overseas too?

        Avatarfinder Customer Care
        JeniSeptember 6, 2018Staff

        Hi Luke,

        Thank you for getting in touch with Finder.

        The NAB Platinum Visa debit card has no currency conversion fee but has overseas ATM withdrawal fee of $5.

        I hope this helps.

        Please feel free to reach out to us if you have any other enquiries.

        Thank you and have a wonderful day!


      Default Gravatar
      GavinMarch 20, 2018

      NAB now offer a debit card with no international conversion fees which also comes with travel insurance. I believe its called the NAB platinum visa debit or similar and it is $10 per month (you can get the $10 back by making purchases with paywave).

        Avatarfinder Customer Care
        JhezMarch 22, 2018Staff

        Hello Gavin,

        Thank you for your comment.

        If you are referring to the NAB Classic Banking with Platinum Visa Debit Card, yes, it doesn’t have a foreign currency fee on international purchases. However, this card has a $10 monthly account fee. This might be the one you’re referring to based on your comment above.


      Default Gravatar
      SharonJanuary 10, 2018

      I am going to italy and was wondering about charges on using a St.George debit card.

        Avatarfinder Customer Care
        JhezJanuary 11, 2018Staff

        Hi Sharon,

        Thank you for your comment.

        Generally, you can use your St.George Visa Debit Card anywhere that Visa is accepted. There is no overseas ATM fee when you withdraw money from an ATM in the global alliance network. However, you may incur 3% international transaction fees and a $5 Overseas ATM withdrawal fee from a non-global partner ATM. Those are the fees that you’ll be charged most likely.

        Still best to confirm with the bank the current fees and charges when using your card overseas. You may refer to other features of the St. George Complete Freedom. You can also see on the table the list of ATM Networks that allow you to make cash withdrawals from banks overseas without being charged an ATM fee.

        I hope this helps.


      Default Gravatar
      SusilAugust 7, 2017

      Are there any Citi Bank ATMs in Vancouver , Montreal and Toronto

        Avatarfinder Customer Care
        MayAugust 7, 2017Staff

        Hi Susil,

        Thank you for your inquiry.

        I’m afraid that there may not be any Citibank ATM services available in Canada. You can use our Citibank ATM locator to check the available Citibank ATMs around the world.


      Default Gravatar
      ConnorJanuary 5, 2017

      Citibank is soon to have their cards charging international transaction fees or overseas ATM fees (sorry I can’t remember which). Is it still in your opinion the best to use? It’s a real shame!

        Avatarfinder Customer Care
        JasonJanuary 5, 2017Staff

        Hi Connor,

        Thank you for your enquiry.

        Citibank will swap its current Visa debit cards with MasterCard debit cards, beginning March this year, but there will be no changes to the international transaction fees or free Citibank-branded ATM overseas withdrawals, aside from the fact Mastercard exchange rates will apply, rather than Visa.

        You may want to know more about Citibank switching to Mastercard through our website.

        You may also check other cards for overseas use and learn more about your options.

        Kind regards,

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