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Bank of Melbourne Travel Money

Lock in exchange rates with your travel card, order foreign cash for your next trip and avoid ATM fees with Bank of Melbourne’s travel money products.

Whether you want to spend in multiple currencies with a prepaid travel card or organise your foreign cash before you head overseas, Bank of Melbourne offers a bunch of products suited for your next trip. You can access 11 international currencies with the Global Currency Card, avoid ATM withdrawal fees with the Global ATM Alliance and pick up foreign cash before your trip. You can also travel with peace of mind thanks to either complimentary or comprehensive travel insurance.

Use this guide to compare Bank of Melbourne travel money options so that you can make the most of your cash when you’re overseas.

Bank of Melbourne Global Currency Card

Rates last updated May 22nd, 2018
Name Product Description Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
Until 12 June '18, get $50 cashback on a new card when you load AUD$3,000+ in foreign currency. $0 withdrawal fees within the Global ATM Alliance.
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, ZAR

Non-partner: AUD 2.00, USD 2.00, GBP 1.50, EUR 2.00. NZD 3.00, CAD 2.50, HKD 15.00, SGD 3.00, JPY 200, THB 75.00, ZAR 20.00

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Prepaid travel card

The Bank of Melbourne Global Currency card is a prepaid Visa card, which you can load with up to five currencies at a time. The following 11 currencies are available:

  • Australian dollars (AUD)
  • Canadian dollars (CAD)
  • Euros (EUR)
  • Great British pound (GBP)
  • Hong Kong dollars (HKD)
  • Japanese yen (JPY)
  • New Zealand dollars (NZD)
  • Singapore dollars (SGD)
  • South African rand (ZAR)
  • Thai baht (THB)
  • US dollars (USD)

You can then use your card to spend in 180+ countries wherever Visa is accepted. When you load Australian dollars on the card and move them into one of the supported currency wallets, you can lock them in at the current exchange rate. This means you can take advantage of competitive exchange rates as they arise and also avoid fluctuating rates while you’re travelling.

When you spend or withdraw cash in a currency loaded on the card, you’ll also avoid the usual 3% foreign transaction fee.

Available to existing Bank of Melbourne customers, the Global Currency Card doesn’t charge a card issue fee or a loading fee when you’re transferring money from another Bank of Melbourne account. If you withdraw cash from any of the 50,000 Global ATM Alliance partner ATMs, you can also save on withdrawal fees.

The Global Currency Card also comes with a complimentary additional card that you can use if your primary card is lost, stolen or damaged while you’re travelling.

Get $50 cashback on your Global Currency card

When you load AUD$3,000 or more worth of foreign currency onto a new card by 12 June 2018, you will receive AUD$50 cashback onto the card! This is only available to new Bank of Melbourne Global Currency cardholders.

Read the full review of the Bank of Melbourne Global Currency Card

Foreign cash

If you need foreign cash before your next trip, you can order money online and pick it up from your closest Bank of Melbourne branch. There are 18 different currencies available including British pounds, Euros, US dollars, Japanese Yen and Indonesian Rupiah.

What foreign currencies can I get through Bank of Melbourne?

  • Great British pound (GBP)
  • New Zealand dollars (NZD)
  • United States dollars (USD)
  • Japanese yen (JPY)
  • Euros (EUR)
  • Canadian dollars (CAD)
  • Danish krone (DKK)
  • Fijian dollars (FJD)
  • Hong Kong dollars (HKD)
  • Indonesian rupiah (IDR)
  • Malaysian ringgit (MYR)
  • Norwegian krone (NOK)
  • Philippine peso (PHP)
  • Singapore dollars (SGD)
  • South African rand (ZAR)
  • Swedish krona (SEK)
  • Swiss franc (CHF)
  • Thai baht (BHT)

You can request more than one currency in a single transaction, as long as the total order is worth at least AUD$500 and no more than AUD$10,000. There is a fee of $4 per order for this service and it may take three to five business days to get your cash depending on how you pay.

Bank of Melbourne Foreign Cash ATMS

As well as ordering your foreign currency online, you can withdraw US dollars, British pounds, Euros and New Zealand dollars from any of Bank of Melbourne pop-up foreign cash ATMs. Currently, there are ATM locations in Sydney, Newcastle, Melbourne, Brisbane and Perth. You can view a full list of the pop up ATM locations on the Bank of Melbourne website.

Want to know more? Check out our overview of Bank of Melbourne's foreign cash.

Global ATM Alliance

If you have a Bank of Melbourne debit card, credit card or the Global Currency travel card, you can save with fee-free ATM withdrawals when you’re overseas thanks to the Global ATM Alliance. Some of the international ATM partners within the alliance include Westpac NZ, Deutsche Bank, Barclays Bank, ScotiaBank and Bank of Nanjing.

When compared to using a Bank of Melbourne card at a non-partnered overseas ATM, withdrawing money from one of these partners could save you a $5 fee. Other fees and charges (such as currency conversion costs or cash advance fees) may still apply when you withdraw cash overseas.

Find out about the Global ATM Alliance

Bank of Melbourne travel insurance options

If you have an eligible Bank of Melbourne credit card, such as the Vertigo Platinum or Amplify Signature, you can take advantage of complimentary international travel insurance when you use the card to pay for at least $500 of your travel costs (such as overseas travel tickets, prepaid accommodation and itinerary items) before you go away. This cover also applies to your spouse or dependent children when they are travelling with you and meet the eligibility requirements. Other conditions apply, so make sure you read the credit cards insurance product disclosure statement on the Bank of Melbourne website for full details.

Bank of Melbourne also offers comprehensive, standalone travel insurance policies that you can purchase for overseas and domestic trips, with four levels of insurance available to purchase depending on the type of cover you want. These include a comprehensive, domestic, essentials and multi-trip plan.

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