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.
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*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
Everyday Options
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayIDVisa DebitAn 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.
Everyday Options
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.
- interest rate
- Balances from $0: 0.00% p.a.
Balances from $1: 0.01% p.a.
- fee-free transactions
- Unlimited free transactions from own-bank ATM, atmx ATM, Big 4 banks ATM, EFTPOS, counter withdrawals, counter deposits, phone and internet
Read our Mozo Review to learn more about the Everyday Options
- Featured Product
Glide Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, GarminVisa DebitUnlimited 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.
Glide Account
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.
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free internet transactions.
Read our Mozo Review to learn more about the Glide Account
Classic Banking Account
with Standard Visa Debit Card
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung PayVisa Debit or
EFTPOSNo 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.
Classic Banking Account
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.
- interest rate
- Balances from $0: 0.01% p.a.
- fee-free transactions
- Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases
Read our Mozo Review to learn more about the Classic Banking Account
Everyday Edge Account
account fee
Payment Options
what kind of card
$0.00Apple Pay, Google Pay, PayID, Samsung PayVisa Debit or
EFTPOSEnjoy $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^.
Everyday Edge Account
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^.
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free transactions from counter deposit, phone, internet and EFTPOS. Free counter withdrawals.
Read our Mozo Review to learn more about the Everyday Edge Account
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