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.

RELATED: We’ve nailed travel, now Aussies are getting better at travel insurance

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 - 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.

    Details
  • Featured Product
    placeholder
    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.

    Details
  • placeholder
    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^.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.