Aussie travellers are meticulous planners except when it comes to one thing, HSBC reveals
The image of the laid back Aussie traveller may not be as accurate as we thought, with new research from HSBC revealing that Aussies abroad are conscientious about using the hotel safe, keeping copies of important travel information and pre-booking their itineraries. We’re just not quite as on top of things when it comes to getting the best bang for our buck on holiday spending.
The numbers coming out of HSBC’s Passport to Smarter Spending survey are pretty clear: Aussies prioritise safety and security while far from home. In fact, 61% prefer a detailed, pre-booked itinerary over arranging plans on the go.
Nine in ten Aussie travellers also carry extra copies of important emergency phone numbers or their card details. And when it comes to carrying money and valuables, more than half said they wear a concealed money belt to protect cards and cash, and four in five carry their funds on different parts of their person as a security measure.
The same number make use of the hotel safe to store valuables and two in three stash an extra card or some cash into their luggage to safeguard against a money emergency.
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So Aussies are clearly more meticulous planners than our laidback reputation would suggest - but according to Barnaby Jenkins, Head of Transactional Banking Products at HSBC, that planning doesn’t always translate to money-savvy spending habits overseas.
“Australians want to immerse themselves wherever they travel, however in reality they’re much more considered and comfort-seeking, meticulously planning their activities well in advance in order to make the most of their holiday,” he said.
“They’re looking for smart ways to spend and save, but unfortunately this careful planning doesn’t extend to their finances – with many unaware of the international transaction and foreign exchange fees that could be stacking up.”
Almost half of Aussies surveyed by HSBC said they’ve been charged a fee for exchanging Aussie dollars into foreign currency in the past year. To avoid this fate, two-thirds decided to withdraw local currency at an ATM, rather than converting at a currency exchange service and 91% shopped around for foreign currency before travelling.
RELATED: Top travel money cards to pack on your summer holiday: Mozo Editor’s picks
Despite taking these measures, 47% admitted they were unaware of the exchange rate applied to credit card transactions made overseas and nine in ten reported being hit with ATM fees or other hidden charges.
The solution? Find the right travel money option for you. Choosing a piece of plastic - whether it’s a dedicated travel card or an everyday credit card or debit card - with no international transaction fees and no foreign ATM fees can help you avoid adding unnecessary charges to your holiday bill.
Check out some hot travel debit card offers, including the HSBC Everyday Global Account which allows you to hold up to 10 currencies in one account and spend overseas with no ATM or transaction fees, in the table below.
5 travel debit cards for your next getaway
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Everyday Options Account
$0.00
Apple Pay, Google Pay, 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.
CompareCompareEveryday Options Account
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.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID
- what kind of card
- Visa Debit
- 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
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Glide Account
$0.00
Apple Pay, Google Pay, 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.
CompareCompareGlide 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.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, Samsung Pay, Garmin Pay
- what kind of card
- Visa Debit
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free internet transactions.
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Everyday Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
Debit Mastercard
Enjoy an all in one transaction account with no monthly service fee designed to help you easily manage your money. Link to your Bendigo Bank home loan to offset your monthly interest. Unlimited internet and app banking transfers, and Bendigo Bank ATM withdrawals. Unlimited EFTPOS withdrawals and retail purchases within Australia
CompareCompareEveryday Account
Enjoy an all in one transaction account with no monthly service fee designed to help you easily manage your money. Link to your Bendigo Bank home loan to offset your monthly interest. Unlimited internet and app banking transfers, and Bendigo Bank ATM withdrawals. Unlimited EFTPOS withdrawals and retail purchases within Australia
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, Samsung Pay
- what kind of card
- Debit Mastercard
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free transactions from own-bank ATM, EFTPOS, counter deposits, phone and internet
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Mozo experts choice awards won:
- Exceptional Everyday Account - 2024
Orange Everyday
$0.00
Apple Pay, Google Pay, 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.^
CompareCompareOrange Everyday
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.^
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay, PayID, PayTo
- what kind of card
- Visa Debit
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Access 1% cashback on eligible utility bill payments (up to $100 per financial year), rebates on ATM fees for the first 5 fee incurring withdrawals (domestic). When you deposit at least $1,000 from an external bank account and make at least 5 card purchases using your ING debit card each month.
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Everyday Global Account
$0.00
Apple Pay, Google Pay
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.^
CompareCompareEveryday Global 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.^
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Pay
- what kind of card
- Visa Debit
- interest rate
- Balances from $0: 0.00% p.a.
- fee-free transactions
- Unlimited free transactions from HSBC ATMs, EFTPOS, phone, internet, BPAY and direct debits
Your selected travel money
Your selected travel money
Your selected travel money
Your selected travel money
Your selected travel money
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