Are you looking for a debit card that provides Android Pay functionality? Here’s how to find the right card for you.
The contactless mobile payment revolution is sweeping Australia, as more and more banks start to offer their customers the convenience of paying for purchases using their smartphone. One such contactless mobile payment service is Android Pay, and it’s available as a feature on a wide range of debit cards from Australian banks.
Let’s take a closer look at how you can compare debit cards with Android Pay to find the right card for your needs.
What is Android Pay and how does it work?
Android Pay allows you to use your mobile phone to make contactless payments. All you have to do is tap your phone at a contactless payment terminal in the same way you would use your debit or credit card. The service is available at supermarkets, restaurants and any other merchant that allows you to make contactless payments.
Android Pay can be used on purchases of up to $100 and is made possible using the NFC (Near Field Communication) chips found in most Android smartphones. It was launched in Australia in July 2016 and is available with a wide range of debit and credit cards – you simply have to make sure your debit or credit card account is linked to the tap and pay service on your smartphone.
Is it safe to use Android Pay?
Using your smartphone to make a contactless payment using Android Pay is just as safe as using your debit card to make a contactless purchase when you buy groceries or petrol. Some have even argued that Android Pay is actually more secure than using a credit or debit card. Android Pay uses an encrypted virtual account number that contains all your account details, which means that none of your private card information is kept on your phone or in the Android Pay app.
The Android Pay app also makes it easy to monitor your transaction history and report any suspicious or fraudulent activity. And if your phone is stolen or lost, you can use Android Device Manager to lock your phone, change the passcode or erase all your personal details.
Which banks offer debit cards with Android Pay?
Android Pay services are offered by more than 40 banks and financial institutions across Australia, with several more coming soon. A list of institutions that support Android Pay (or will soon) is provided below, but you’ll need to contact your institution directly to find out which debit cards you can use Android Pay services with.
- American Express
- Bank Australia
- Bank of Melbourne - Coming soon
- Bank of Sydney
- Bank SA - Coming soon
- Bendigo Bank
- Beyond Bank
- Big Sky Building Society
- CAPE Credit Union
- Catalyst Money
- Central West Credit Union
- Community First Credit Union
- Credit Union Australia
- Credit Union SA
- Defence Bank
- Nexus Mutual
- Family First Credit Union - Coming soon
- First Option Credit Union
- Goldfields Money - Coming soon
- Goulburn Murray Credit Union Co-Op
- Holiday Coast Credit Union
- Horizon Credit Union
- Illawarra Credit Union
- ING Direct
- Intech Credit Union
- Laboratories Credit Union
- Macquarie Bank
- Maritime, Mining & Power Credit Union
- MyState Bank
- Northern Beaches Credit Union
- Northern Inland Credit Union
- People's Choice Credit Union
- Police Bank
- QT Mutual Bank
- Queenslanders Credit Union
- RAMS - Coming soon
- Select ENCOMPASS Credit Union - Coming soon
- South West Slopes Credit Union
- St.George Bank - Coming soon
- Sydney Credit Union
- Teacher's Mutual Bank
- The Mac Credit Union
- The Rock Credit Union
- Warwick Credit Union
- WAW Credit Union Co-Operative
- Westpac - Coming soon
- Woolworths Employees' Credit Union
- Wyong Shire Credit Union
Benefits of Android Pay
Choosing a debit card that allows you to use Android Pay provides a wide range of advantages, including:
- Convenience. If your Android Pay-enabled smartphone is linked to your debit card account, you don’t need to take your wallet with you to pay for your shopping.
- Faster checkouts. Instead of digging around in your wallet to find your debit card, all you have to do is reach into your pocket and tap your phone against the contactless payment terminal.
- Security. Your account information is encrypted when you use Android Pay, and there are several measures in place to provide protection if your phone is lost or stolen or if you notice a suspicious transaction.
- Choice of phones. Android Pay works with a wide range of NFC-enabled phones running Android 4.4 KitKat or higher. This allows you to use the service on Google, Samsung, LG and Moto X phones.
- In-app payments. Android Pay can also be used to pay when you checkout from popular apps, such as Domino’s and Kogan.
Compare debit cards with Android Pay: here's what to look out for
You’ll need to consider the following features when searching for the best debit card that offers Android Pay services:
- Where you can use the card. Consider how large your bank’s ATM network is around Australia. Will you easily be able to withdraw cash from an ATM without incurring any fees?
- Account features. Consider all the features of the account and whether it is suitable for your everyday banking needs. For example, can you easily access your account online or through mobile banking? Can you perform all the transactions you want without incurring unnecessary fees?
- Account fees. Will you need to pay an ongoing monthly fee in order to maintain an account? Do any fees apply to withdrawals or is there a limit on the number of transactions you can perform? It’s also important to check whether you will need to pay any fees when you make purchases overseas or use your card to shop online.
- Minimum deposit or balance requirements. Some accounts will require you to satisfy certain terms and conditions each month in order to avoid paying a monthly fee. For example, you may need to deposit more than a specific minimum amount into the account each month, or keep your balance above a set level at all times.
- Who is the card provider? Visa and MasterCard offer a range of benefits to cardholders, from fraud protection measures to exclusive dining and entertainment discounts for members. Consider the benefits on offer from each provider when choosing a card.
- Security measures. Check with your financial institution to find out what security measures are in place to protect your finances. For example, does the card use CHIP technology and have a secure PIN?
- Rewards. Some debit cards allow you to earn rewards. Rewards programs can be beneficial for some people who tend to spend a large amount on their card, but keep in mind that you will usually need to pay an annual fee on a rewards debit card.
- Other account benefits. Keep in mind that some transaction accounts (that also feature debit cards with Android Pay) offer a range of other benefits. For example, a Macquarie Bank Platinum Transaction Account offers a 50c reward for cash out in stores when you withdraw $100 or more.
By taking these factors into account, you’ll be able to find the right card for you and start paying for purchases with your smartphone.