It’s almost impossible to get a bank account in Australia these days without getting a debit card too, so it makes sense to investigate your options. There are debit cards available from both Visa and Mastercard, and there are accounts which come with different features, like SMS and e-mail alerts, free ATM withdrawals and even the option to earn rewards. One thing they do have in common is 0% interest, so if you’re saving up or want to start a savings fund you’ll be interested in an option that combines an everyday account and a savings account.
Most Popular Debit Cards
Sort | Key Features | Monthly Account Fee | Type | ATM Withdrawal Fee | |
---|---|---|---|---|---|
![]() HSBC
Everyday Global
|
|
$0
|
![]() |
$0
charged by HSBC Australia
|
Apply now More info |
![]() MyState Bank
Glide
|
|
$0
|
![]() |
$0
charged by NAB, ANZ, Westpac or CBA
|
Apply now More info |
![]() Citi
Global Currency
|
|
$0
|
![]() |
$0
charged by Citibank, Westpac, St George, Bank of Melbourne, or BankSA
|
Apply now More info |
![]() BankSA
Complete Freedom
|
|
$0
|
![]() |
$0
at any major bank ATM in Australia
|
More info |
![]() Westpac
Choice
|
|
$0
|
![]() |
$0
ATM use at any major bank ATM in Australia
|
More info |
![]() Bank of Melbourne
Complete Freedom Student
|
|
$0
|
![]() |
$0
at any major bank ATM in Australia
|
More info |
![]() NAB
NAB Classic Banking with Visa Debit
|
|
$0
|
![]() |
$0
NAB
|
More info |
![]() NAB
NAB Platinum Visa Debit Card
|
|
$10
|
![]() |
$0
NAB
|
More info |
![]() ANZ
Access Advantage
|
|
$0
|
![]() |
$0
at ANZ ATMs
|
More info |
Compare Debit Cards by Bank
About Debit Cards
Pros and cons of a debit card
Advantages of a debit card
- Flexibility: you’re able to use a debit card to withdraw cash, pay for EFTPOS transactions or make remote payments over the internet or telephone
- No interest charges: you won’t pay huge interest charges on the money you spend on a debit card
- No debt: you only access your own cash with this type of account, so you’re not accumulating debt
- ATM access: you’re able to withdraw cash from an ATM without fees.
- Increased security for your cash: if your debit card is ever stolen or lost, you know that only the amount of money in your account is at risk.
Disadvantages of a debit card
- Limited to your own funds: some people may find it terribly inconvenient to be limited to spending only the amount of money they have in their account, especially if unexpected bills arrive and the account is empty.
- Overdrawn account fees: if you’re not careful about monitoring the amounts you spend, it can be quite easy to overdraw your account. The fees charged on overdrawn accounts can become expensive.
- Overdraft fees: if you regularly find that you spend all the money you earn and end up using your overdraft to pay for other items, the fees and charges on your overdraft can get expensive.
Facts about Debit Cards

57%
of debit card users have a Visa Debit Card

43%
of debit card users have a MasterCard Debit Card

38%
of daily purchases are made with a debit card
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