International fees on a debit card? 86 400 says sayōnara

Ever used your debit card overseas and then noticed you’ve been slapped with a build up of international fees afterwards? Take it from us, it’s not a good feeling. 

On Monday, one of Australia’s newest neobanks, 86 400, said adios, au revoir, and arrivederci to international fees for debit card customers. 

The card originally came with a 1.50% foreign transaction fee when customers shopped globally, whether that was in-person overseas or online. 

But that’s now a thing of the past!

“Aussies are worldwide spenders whether that’s on an overseas trip or online shopping while sitting at home on the couch, but often international fees slip under the radar for customers,” Mozo Director, Kirsty Lamont said.  

“So it’s great to see more and more banks jumping on board and ditching these international fees, especially when foreign exchange costs can actually really add up over time.”  

86 400 also charges no overseas ATM withdrawal fees* on its debit card either, making the neobank’s product part of only a handful of 11 bank accounts on the Mozo database that have both no international transaction and foreign ATM fees.  

But what difference do no overseas fees on a debit card actually make? 

Well, when compared with other debit cards on the market, it can actually make a world of difference. 

At the moment in our database, international transaction fees range anywhere from 0% all the way up to 3.65%, while overseas ATM fees can be as hefty as $5.50 per withdrawal!  

So after a few taps, swipes or cash withdrawals these costs can really start to stack up as you travel overseas. 

RELATED ARTICLE: ING: Carbon footprint and cost front of mind for Australia's growing 'Conscious Travellers'

*Just bear in mind, you may be subject to fees charged by the international ATM provider themselves, despite the fact that 86 400 doesn’t charge a fee of their own

Want to see how 86 400’s debit card weighs up against the rest? Check out the table below for other travel debit card options.

Travel Debit Cards 2020 - rates updated daily

Search promoted debit cards below or do a full Mozo database search . Advertiser disclosure.
  • placeholder
    Everyday Options

    account fee
    Payment Options
    what kind of card
    $0.00
    Apple Pay, Google Pay, PayID
    Visa Debit

    An easy, everyday banking account packed with flexible options to help you spend, budget & save better. You could get $25 plus Suncorp Bank will donate 25 meals to Oz Harvest. T&C’s Apply.

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    Glide Account

    account fee
    Payment Options
    what kind of card
    $0.00
    Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
    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.

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    Classic Banking Account

    with Standard Visa Debit Card

    account fee
    Payment Options
    what kind of card
    $0.00
    Apple Pay, Google Pay, PayID, Samsung Pay
    Visa Debit or
    EFTPOS

    No monthly account fees ever, with no conditions. Free use at over 7,000 ATMs around Australia. No overdrawn fees if you happen to go over your account balance. Open an account in less than 7 minutes.

    Details
  • placeholder
    Everyday Edge Account

    account fee
    Payment Options
    what kind of card
    $0.00
    Apple Pay, Google Pay, 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^.

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