Are you looking for a travel money card that lets you load up to 10 currencies with added security features? If so, the NAB Traveller Card may fit the bill.
With the NAB Traveller Card, you can hold multiple currencies on a single card. When you use this card to pay for purchases in local currencies, NAB does not charge any overseas transaction fees. It does not incur overseas ATM fees either. The NAB online banking platform lets you manage your account with ease, and there are ways to reload the card.
|Available Currencies||AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD|
|Multiple Currencies on One Card||Yes|
|Number of Cards Issued||2|
|Minimum Load Amount||$50|
|Maximum Load Amount||$45,000|
|Maximum Annual Load Amount||$45,000|
|24 Hour ATM Cash Withdrawal Limit||$3,000|
|24 Hour POS Transaction Limit||$7,000|
|Initial Load Fee||$0|
|ATM Withdrawal Fee||$0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs|
|Monthly Inactivity Fee|
after 12 months inactivity
|Transaction Fee for Purchases||$0|
|Card Replacement Fee||$0|
|Currency Conversion Fee||4%|
|Negative Balance Fee||$0|
|Available To Temporary Residents||No|
Currencies and loading funds
Which currencies can I load on the card?
The NAB Traveller Card lets you load up to 10 different currencies at the same time. When you travel to a country whose currency the card supports, and if you have funds in that currency, the card uses the required currency automatically.
The currencies this travel money card supports include:
- Australian dollars (AUD)
- US dollars (USD)
- Great British pounds (GBP)
- Euros (EUR)
- Canadian dollars (CAD)
- New Zealand dollars (NZD)
- Japanese yen (JPY)
- Singapore dollars (SGD)
- Hong Kong dollars (HKD)
- Thai baht (THB)
By locking in exchange rates when you load funds, you know exactly how much money you have in any given currency, and you can take advantage of more favourable rates than might be available when you actually travel. Live exchange rates will apply if you make a transaction in a currency you haven't preloaded on the card.
How to load funds on the card
You can load Australian dollars onto your NAB Traveller Card in any of the three following ways:
- Internet banking. You can use NAB Internet Banking to load funds from your linked NAB accounts.
- BPAY. You’ll need the biller code 195016 and your 16-digit card number to complete the transfer via BPAY. These will take two to three business days to appear on your card.
- In branch. You can load funds in branch and they’ll be available to use immediately. Make sure to have your NAB Traveller Card and valid photo ID.
Using the card
The NAB Travel Money card uses MasterCard, and hence is widely accepted. You can use this card with withdraw money from ATMs and to make payments at stores and restaurants. All you have to do is look for the MasterCard symbol. This card can also come in handy if you want to shop at international websites and pay in their local currencies. You cannot use this card in some countries that are subject to economic and/or trade sanctions. These include Cuba, North Korea, Iran, Syria and Sudan. If your use the card to pay in an unsupported currency, or if you don’t have enough funds in the required currency, the card makes use of a default currency order of priority to process payments. The order is:
How much will the card cost me?
The bank charges fees in Australian dollars, unless it specifies otherwise. If you don’t have enough funds to cover the fees in a required currency, the card draws the amount from another currency in accordance to the currency order of priority. Here is the fee structure of the NAB Traveller Card.
|Fees for using|
the NAB Traveller Card
|Initial card load fee|
at a branch
|NAB Internet banking,|
and BPAY reload fee
|ATM withdrawal fees||$0 per withdrawal on international ATMs and $3.75 per withdrawal at any Australian ATMs(local ATM operator fees may apply)|
|ATM balance enquiry fee||$0 for balance checks from domestic and international ATMs|
|Overseas Point of Sale (POS) fee||$0 (some operators may charge a fee)|
|Monthly inactivity fee||$0 (some operators may charge a fee)|
|Foreign currency conversion fee||4% of the total transaction value (charged when you pay in a currency not supported by the card, or if you don’t have adequate funds in the required currency)|
Managing your card
With round-the-clock access to the bank’s online platform, you can easily manage your NAB Travel Money card.
- Ordering your card. To purchase the Traveller Card you have to visit your nearest NAB branch. If you don’t know where one is, you can visit the NAB website and use its branch locator tool.
- Activating your card. Both, the primary and secondary card come activated when you receive them, as do their PINs. You can find the expiry date of the card on the front, after which the card deactivates automatically.
- Loading funds on your card
- Initial load. To load money onto the card, you can pay using cash or transfer funds from an eligible NAB transaction account.The funds become available for use immediately. The minimum amount you can load is $50 or its equivalent in another currency. The maximum is $45,000.
- Reload. You can reload your card by visiting an NAB branch, online or via BPAY. If you reload funds using BPAY, it can take 2-3 business days before the funds become available. The maximum amount you can reload through BPAY in a single day is $25,000.
Managing your card online
The NAB online banking platform gives you an easy way to manage your card. You can login to the secure system to go through your transaction history, review balances, reload your card as well as transfer funds from one currency to another.
Each card is CHIP protected and has its own 4-digit PIN. In case your card is lost or stolen, you’ll also receive a complimentary secondary card to keep as a backup. If you lose both cards, NAB will send you a replacement at no cost. If you need to report a lost or stolen card or fraudulent activity on your card, you can contact card services from 24/7 anywhere around the world. See the website for the free to call emergency numbers you’ll need depending where you’re located.Back to top
Highlights and drawbacks
- No international ATM fees. Unlike many travel cards on the market, the NAB Traveller Card doesn’t charge for overseas ATM withdrawals.
- Multiple currencies. You can access a variety of foreign currencies to pay with convenience and avoid currency conversion costs overseas.
- Inactivity fee. NAB Traveller Card does not charge monthly inactivity fees. However, some operators may directly charge a fee.
- Missing some currencies. The Traveller Card doesn’t let you hold Vietnamese dong or Emirati Dirhams, which a few Australian prepaid cards now do.
- Currency conversion fee. If you make a purchase in an unsupported or unloaded currency, you’ll be stung with a currency conversion fee of 4% of the total transaction value.