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Compare virtual debit cards

Get all the benefits of a debit card without needing to carry the plastic.

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Debit cards give you convenient access to funds in your transaction account, allowing you to pay for goods and services with a swipe, insert or tap of the card. But these days, you don't necessarily need the physical card with you at all.

Here, we talk you through what a virtual debit card is, how they work and how to decide whether they're right for you.

Promoted
Bank account offer
HSBC Everyday Global Account
Promoted
$0
monthly fee
$0
ATM withdrawal fee
  • Google Pay, Apple Pay
  • Monthly fees: $0
  • No international transaction fees
  • Up to 10 currencies

HSBC Everyday Global Account

Earn 2% cashback on tap and pay purchases. T&Cs apply.
Earn 2% cashback on tap and pay purchases. T&Cs apply.

1 - 10 of 10
Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
HSBC Everyday Global Account
Google Pay, Apple Pay
N/A
$0
$0
Earn 2% cashback on tap and pay purchases. T&Cs apply.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

Westpac Choice
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Osko, PayID
$0
$5
Use your Westpac Digital Card in the Westpac App to make contactless purchases 24/7 with no physical card.
No monthly account keeping fee for customers under 30 or if you meet the deposit conditions.
Shop safely online with Westpac Digital Card. Your 3-digit security number refreshes every 24 hours to keep your details safe.
MyState Bank Glide Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
Simplify your everyday banking with these sleek digital features.
$0 monthly account fee.
Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.
Westpac Choice Student
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
$0 account keeping fee for students and customers under 30
Make purchases 24/7 using your Westpac Digital Card in the Westpac App.
Students will pay no monthly account keeping fee with no deposit conditions to meet. Pay with your phone or wearable device anywhere and anytime, and access cash without your debit card using Cardless Cash.
Great Southern Bank Everyday Edge Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
$0
$0
Refund of international ATM withdrawal fees and international card transaction fees (conditions apply).
$0 monthly account fee. Unlimited fee-free everyday transactions.
Apple Pay, Google Pay and Samsung Pay available. Savings Top Up tool automatically transfers to linked savings account.
Citi Global Currency Account
Apple Pay, Samsung Pay
Osko, PayID
$0
$0
Earn up to 1.2% p.a. interest on your AUD balance.
$0 monthly account fee.
Enjoy one linked debit card to hold up to 10 currencies and receive foreign currencies for free.
Great Southern Bank Everyday Account
Google Pay, Apple Pay, Samsung Pay
Osko
$0
$0
Enjoy flexible payment options and access to a wide network of ATMs.
$0 monthly account fee.
Access to Google, Samsung and Apple Pay. Enjoy fee-free cash withdrawals from 10,000+ ATMs across Australia.
Up Everyday Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
A transaction account designed for your smartphone with spending categorisation and a round-up feature to help you save. No international transaction fees and no ATM fees in Australia.
Macquarie Transaction Account
Apple Pay, Google Pay
PayID
$0
$0
Earn a variable base rate of 1.5% p.a. on your transaction account balance with no conditions to meet.
$0 account keeping fees.
This interest-earning transaction account charges no account fees, no international fees and gives refunds on all Australian ATM fees.
Great Southern Bank Everyday Youth Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
$0
$0
Designed for young Australians between 10 and 17 years old, a Great Southern Bank Everyday Youth Account is designed to make everyday banking easier.
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Compare up to 4 providers

1 - 9 of 9
Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
HSBC Everyday Global Account
Google Pay, Apple Pay
N/A
$0
$0
Earn 2% cashback on tap and pay purchases. T&Cs apply.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

MyState Bank Glide Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
Simplify your everyday banking with these sleek digital features.
$0 monthly account fee.
Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.
Great Southern Bank Everyday Edge Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
$0
$0
Refund of international ATM withdrawal fees and international card transaction fees (conditions apply).
$0 monthly account fee. Unlimited fee-free everyday transactions.
Apple Pay, Google Pay and Samsung Pay available. Savings Top Up tool automatically transfers to linked savings account.
Great Southern Bank Everyday Account
Google Pay, Apple Pay, Samsung Pay
Osko
$0
$0
Enjoy flexible payment options and access to a wide network of ATMs.
$0 monthly account fee.
Access to Google, Samsung and Apple Pay. Enjoy fee-free cash withdrawals from 10,000+ ATMs across Australia.
Great Southern Bank Everyday Youth Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
$0
$0
Designed for young Australians between 10 and 17 years old, a Great Southern Bank Everyday Youth Account is designed to make everyday banking easier.
Up Everyday Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
A transaction account designed for your smartphone with spending categorisation and a round-up feature to help you save. No international transaction fees and no ATM fees in Australia.
NAB Business Everyday Account ($0 Monthly Fee Option)
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
$0 monthly account-keeping fee.
Unlimited standard electronic transactions.
Sign up for a NAB Business Transaction Account and enjoy free digital transactions, no monthly fees, and a linked NAB Visa Debit card at no cost.

Westpac Choice
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Digital Card
Osko, PayID
$0
$5
Use your Westpac Digital Card in the Westpac App to make contactless purchases 24/7 with no physical card.
No monthly account keeping fee for customers under 30 or if you meet the deposit conditions.
Shop safely online with Westpac Digital Card. Your 3-digit security number refreshes every 24 hours to keep your details safe.
Macquarie Transaction Account
Apple Pay, Google Pay
PayID
$0
$0
Earn a variable base rate of 1.5% p.a. on your transaction account balance with no conditions to meet.
$0 account keeping fees.
This interest-earning transaction account charges no account fees, no international fees and gives refunds on all Australian ATM fees.
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Compare up to 4 providers

1 - 1 of 1
Name Product Payment Options Supported Currencies Suited to
Up Everyday Account
Apple Pay,Google Pay,Fitbit Pay,Garmin Pay,Samsung Pay
AUD
Students,Travelling,A transaction account,Large ATM withdrawals,Android users
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What is a virtual debit card?

Virtual debit cards are essentially a digital version of the plastic debit card you are probably already used to. There are a few types of virtual debit cards you really need to know about:

  1. A digital version of your physical card. This "card" exists in a digital wallet, usually on your phone with Apple Pay, Android Pay or an Internet bank app. It uses the same card number and details as the physical card, but you access it through an app and pay using contactless payment technology just like you can with your physical card.
  2. A digital "card" that is not necessarily linked to a physical card. This virtual debit card uses an encrypted card number. You can use it for contactless payments in-store or even by logging in when you shop online.
  3. A digital pre-paid card that you load money onto. You will be given a virtual card number to use for online shopping; this number may also change for each website. Because there is no set card number, these can be more secure.

What are the benefits of a virtual debit card?

Using a virtual debit card has a number of advantages, including the following:

Secure shopping

Secure online shopping

If you are using a virtual debit card that generates a random card number, this will help keep your funds secure when shopping online.

Convenience

Convenience

You won't need to bring a physical debit card with you to complete transactions in-store. You can do this all on your smartphone.

No delivery

No waiting for card delivery

You won't need to wait for a card to be delivered when you sign up for a new account or if your card expires. With the new digital banks, some give you a virtual debit card, which you can use as soon as you get an account and before your physical card is even delivered.

Multiuse payments

Single- or multi-use

There are single- and multi-use virtual debit cards available to suit your online payment needs.

Currencies

Multi-currency cards available

Some providers also offer multi-currency prepaid debit cards, allowing you to save on currency conversion fees when buying from overseas retailers.

Prepaid cards

Prepaid

Virtual debit cards can be prepaid, giving you the freedom to load them up with the funds you want to spend rather than running up a debt with a credit card provider.

What are the drawbacks to a virtual debit card?

Keep in mind virtual debit cards may not suit everyone. Here are some points to consider before signing up:

  • Prepaid virtual debit cards will have limits. You may only be able to hold a certain amount on the card.
  • You can't spend more than $100 per transaction in-store. In-store transactions will be contactless payments, which are limited to $100 per transaction.
  • Prepaid cards aren't guaranteed by the government. If you choose a prepaid card, any funds you load onto it aren't guaranteed by the government. This is not the case with debit cards, where deposits up to $250,000 are guaranteed.

How do I use a virtual debit card?

This depends on the type of virtual debit card you choose. If you opt for a virtual debit card that can be loaded into a digital wallet, you will need to have a transaction account that offers this option. Once you have opened the account and have the physical card, you can follow the prompts in your chosen digital wallet to add the card. The bank may also be able to give you a virtual debit card in your bank app before it sends you the physical card.

For a virtual card for online shopping, just sign up online and follow the process. You should receive the details once the process is completed. You may be able to link this card to a PayPal account or bank account or you may need to load funds to the virtual card account itself.

Have more questions about virtual debit cards?

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