Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID, PayTo
Visa Debit
The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
Read our Mozo Review to learn more about the Orange Everyday
Your selected debit cards
$0.00
Apple Pay, Google Wallet
Visa Debit
Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^
Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^
Read our Mozo Review to learn more about the Everyday Global Account
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID
Visa Debit
Enjoy 0% foreign currency conversion fees on Visa Debit card purchases. Plus make an eligible purchase using your linked Visa Debit card to earn cashback at participating merchants. $0 monthly account keeping fees & the option to open up to 9 sub-accounts. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL 229882 Australian Credit Licence 229882). The SUNCORP brand and Sun Logo are used by Suncorp Bank (Norfina Limited) under licence and Suncorp Bank is not part of the Suncorp Group.
Enjoy 0% foreign currency conversion fees on Visa Debit card purchases. Plus make an eligible purchase using your linked Visa Debit card to earn cashback at participating merchants. $0 monthly account keeping fees & the option to open up to 9 sub-accounts. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL 229882 Australian Credit Licence 229882). The SUNCORP brand and Sun Logo are used by Suncorp Bank (Norfina Limited) under licence and Suncorp Bank is not part of the Suncorp Group.
Read our Mozo Review to learn more about the Everyday Options Account
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin Pay
Visa Debit
Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
Read our Mozo Review to learn more about the Glide Account
Your selected debit cards
$0.00
Apple Pay, PayID, Google Pay
Visa Debit or
EFTPOS
An online-only transaction account with carbon insights available through the Suncorp App. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
An online-only transaction account with carbon insights available through the Suncorp App. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
Read our Mozo Review to learn more about the Carbon Insights Account
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID
Debit Mastercard
Earn interest on all balances. No monthly account fees. Winner of a Mozo Experts Choice Australia's Best Bank 2023^.
Earn interest on all balances. No monthly account fees. Winner of a Mozo Experts Choice Australia's Best Bank 2023^.
Read our Mozo Review to learn more about the Transaction Account
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$4.00$0 monthly account fee if you deposit min. $2,000 per month or under 30 years old.
Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin, Fitbit
Debit Mastercard or
EFTPOS
Read our Mozo Review to learn more about the Smart Access
Your selected debit cards
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay
Visa Debit or
EFTPOS
Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.
Read our Mozo Review to learn more about the Everyday Edge Account
Your selected debit cards
Is a debit card right for your wallet? Read on as we run through everything you'll need to know about these handy bank cards and how to choose the right one to suit your needs.
When you open a bank account in Australia, you'll have the option of choosing a debit card. A debit card allows you to make purchases from stores and ATM withdrawals which get debited from your bank account. Some people also refer to these cards as 'EFTPOS' or 'ATM' cards.
The two leading kinds of these cards available from banks and credit unions are Visa Debit or MasterCard Debit cards. This guide (and section of our site) mainly deals with Visa and MasterCard Debit Cards.
Debit cards can help simplify your day to day spending by reducing the need to carry too much cash at any point. You can use your debit card to withdraw cash from ATMs, pay bills and make purchases in Australia or overseas using your own money.
Your debit card is directly linked with your bank account and uses the money in that account when you make a transaction.
It's a simpler and more secure way to make payments because your bank can protect you from fraudulent transactions and in the case that you lose your card, you can call your bank to block further transactions.
Both Visa and MasterCard debit cards offer similar features and benefits. Whether you receive a Visa or MasterCard will depend on which bank you are with as each bank is usually aligned with one card provider.
Both credit cards and debit cards let you make transactions online as well as offline. The main difference between the two is that a credit card allows you to 'borrow' money from the bank at a fixed interest rate (usually charged after a set interest-free repayment period), while a debit card only allows you to spend the funds you have in your bank account.
While you won't build up debt using a debit card, the main advantage with a credit card is that it gives you the liberty to split your expenditure as you want.
For instance, if you're making a big purchase, but don't have enough money to cover it, or you just don't want to empty out your account, you can pay with your credit card and control money outflow.
Both card types have their own pros and cons, and how much you choose to use one over the other is a matter of personal preference.
Debit cards don’t incur fees or interest in the same way credit accounts do, but there are still a few potential fees you should be aware of:
While you can use your normal debit card overseas, you generally have to pay fees for overseas withdrawals and currency convenience fees, which are around 3%. If you'd like to see how much these fees are, check out our debit card fee finder tool. Simply select the card and we'll show you how much you'll need to pay for overseas ATM withdrawals and purchases.
An alternative for travelling is to get a prepaid travel card, which is basically a debit card loaded with foreign currency that you can conveniently use while you are overseas. You can easily add multiple currencies on the card if you are going to different countries.
Unlike your standard debit card, you do not need to have a bank account linked to the prepaid card. This is an efficient way to avoid overseas conversion fees every time you make a transaction in a foreign country.
Prepaid travel cards allow you to lock in an exchange rate before you travel so you don't have to worry about negative fluctuations while on holiday. You may, however, need to pay an initial card issuance fee or a money loading fee, as well as fees for withdrawing cash from an ATM from your travel card. So it is important that you compare prepaid travel cards in the market before you choose one.
A debit card is directly linked to your bank account and uses the money available in the account. So first you'd need to apply for an everyday transaction account. These days, when you apply for an account you will usually automatically receive a debit card as well. If you already have an account but not a debit card, you can visit a local branch or call your bank to apply for a card. Generally, to be eligible for a debit card, you have to be at least 16 years of age and have an Australian residential address.
Debit cards are perfect for keeping a check on your expenditure and making sure you don't go beyond what you can afford. But if you need that extra help to figure out how much you are spending every month and how much you should be left with so you can plan your finances more efficiently, use our handy online budget calculator.
We have had a few issues with fraud through our debit cards.
Read full reviewWe have had a few issues with fraud through our debit cards.
Commonwealth are continually delivering excellent services with confidence.
Read full reviewCommonwealth are continually delivering excellent services with confidence.
Westpac are very helpful and have been in my life since the school days.
Read full reviewWestpac are very helpful and have been in my life since the school days.
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