Use Xinja’s prepaid Visa card at home or overseas, and easily track your spending with the app.
- Insights into your spending
- Security and support
- Low fees
Not suited for
- Use as a transaction account
- Large ATM withdrawals
- Holding large amounts on the card
What to know about Xinja’s prepaid Visa card
Launched in March 2018, the Xinja prepaid Visa card is an everyday spending card. You can load it up and use it to make purchases in Australia and anywhere in the world using your own money.
Unlike a debit card or a credit card, the balance on your Xinja prepaid card is not a bank deposit or a line of credit. Instead, the card will hold your pre-loaded funds so you can use it to make purchases. You will not earn interest on the balance stored on your card, and there is no overdraft or credit facility.
|Product Name||Xinja Prepaid Card|
|Domestic ATM Fee||$0|
|International ATM Fee||$0|
|Licensing||Restricted Authorised Deposit-Taking Institution Licence (bank licence)|
Features on offer from Xinja
The Xinja mobile phone app allows you to track your spending on your prepaid card when you’re relaxing at home or on the go.
The Xinja app divides transactions into various spend categories, so you can get a better understanding of exactly where your money is going. For example if you went to the movies with friends the transaction may be allocated to “entertainment”. Being able to track your expenses can help you to identify where you need to tighten your belt.
You can use the prepaid card to make contactless tap-and-go payments for purchases under $100 without entering your PIN, just like a standard debit card.
Top up from an existing transaction account
You can top up your prepaid Xinja card via a direct transfer from an existing Australian bank account. The most you load onto the card at any time is $999. Note that it may take up to three days for funds to be available on your Xinja card after you carry out the transfer.
You can also arrange to automatically top up your Xinja card from your bank account when the balance falls below a certain level. Nominate your trigger amount (or the amount you don’t want your balance to fall below) and your top-up amount, and have funds transferred via direct debit from your bank account automatically.
To set up the auto top-up feature, you’ll need to complete a Direct Debit Request form, which your bank should be able to provide you with, and to agree to the terms of your bank’s Direct Debit Service Agreement.
Free ATM withdrawals in Australia and overseas
Xinja charges no ATM fees in Australia or globally, so the card is also a convenient travel card to use while abroad. However, the local ATM operator may charge their own withdrawal fee.
Freeze your lost card instantly
Xinja allows you to instantly lock your card if you've misplaced it, to save it from being used by someone else. You can do this via the Xinja app, where you can also unlock it once you’ve found it again.
Fees and costs
- Card replacement. There is a $10 fee if you lose your card and need a new one.
- Disputed transaction fee. If you believe an incorrect transaction was made and you ask Xinja to dispute a transaction, and it turns out to be an authorised, valid transaction you may be asked to pay a $20 fee.
- Currency conversion fee. There is a foreign currency conversion fee of 3.5% of the transaction value. This is applied when you make a transaction with your card in a currency other than Australian dollars. For example, if you use your card at a restaurant when travelling in Europe.
- Maximum amount you can store on the card: $999
- Minimum amount that can be loaded onto the card at any one time: $20
- Maximum that can be withdrawn from an ATM per-day: $500
- ATMs which accept Xinja: BankWest, Commonwealth Bank, St George and Westpac (for now)
- You cannot have direct deposits, such as your salary, paid into your Xinja account.
How to get started with Xinja
You can download the Xinja app on Android or iOS and register to receive your card. You can also register on the Xinja website. Card delivery normally takes around five days, so make sure you leave plenty of time for it to be delivered if you plan on taking it overseas.