Stats crunched by Mozo Experts
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139Travel Money Cards
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85Financial Institutions
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3Award Categories
Our expert judges compared travel money providers to help Australian consumers find the best value travel money options including debit card and prepaid card options. So grab your suitcase and hop on a plane, start your search here to find the best value options with our Travel Money winners list for 2024.
Standout Winners
Prepaid Travel Card
If you’ve saved your hard earned cash to enjoy a holiday, then securing a great value prepaid travel card could be your ticket to avoid overspending and paying expensive overseas exchange fees on your next trip. Our judges considered multi-currency cards available and found the Travelex Money Card to be the stand out winner amongst the group.
Congratulations to:
Travelex
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Money Card
- Purchase Fee
- $0 Online (greater of 1.1% of initial load amount or $15 in-store)
- Currencies Available
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AUD, USD, NZD, EUR, GBP, SGD, HKD, JPY, CAD, THB
Foreign Currency Debit Card
If you are going to be travelling frequently and want to keep money in a bank account that offers multiple currency options, this one’s for you. Our experts considered several foreign currency debit cards and found the Wise Multi Currency Card to be the clear winner for taking with you on your journey.
Congratulations to:
Wise
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Multi Currency Card
- Spend abroad in 40 currencies
- No ATM withdrawal fees up to $350 AUD per month
- $0 account fee
Travel Debit Card
This award category identified the best bank accounts with debit cards that offer great value for Aussies travelling abroad. The bar was set high with our Experts only looking at cards with no monthly account service fees or regular card-holding fees.
Congratulations to:
Bankwest, Great Southern Bank, Macquarie, ME, Suncorp, ubank, and Up
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Easy Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Qantas Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Edge Account
- Foreign Exchange Margin
- 2.95%
- Debit Card ATM Fee
- $4.50
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Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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SpendME Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Options
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Carbon Insights Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Spend Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
What are the Mozo Experts Choice Awards?
Now in their eleventh year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.
For the 2024 Travel Money awards, our Experts assessed 139 travel debit cards from 85 travel money providers.
“Whether you choose to use a bank account or prepaid travel card, or a combination of both when travelling abroad, finding the right provider for your needs can be hard with the varied pricing and features available,” said Mozo Experts Choice Awards Judge Peter Marshall.
“The Mozo team has done detailed research to identify the options that will be cost-effective for most people, and highlight those we think are worth considering so you can make sure that you are spending less on bank fees and have more money in your pocket for you to spend.”
For details on how we crunched the numbers and determined our winners, see the 2024 Mozo Experts Choice Australia’s Travel Money Awards methodology report.
Our Expert Judges
We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.
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AJ Duncanson
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Peter Marshall
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Meredith Allan
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George Hirst
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Rumpa Saha
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Afia Asha
FAQs
What’s the Judging Criteria for the Mozo Experts Choice Awards?
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2024 Mozo Experts Choice Australia’s Travel Money Awards methodology report for detailed information on how we performed product comparisons and determined the final winners for 2024.
Did you compare all providers in the market for these awards?
We aim to include most banking providers in the market in the Mozo Experts Choice Awards. However, not all providers in the market will be included in our review. Any provider we review must be available at the time of our analysis and any offers included must be available to the general public on the provider’s website.
For the 2024 Australia’s Travel Money Awards, Mozo assessed 78 travel money providers.
Who are the Mozo Experts?
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.
I work for a winning provider, how do we promote our win?
Please get in touch with us to discuss by email should you have any queries.