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.
Use your own money world wide
Debitcards.com.au is your one stop shop for information, comparison and reviews of current bank accounts that come with debit cards in the Australian market. We’ve listed providers, and the debit card options they have available in a simple, easy to use format for you to see what you’re getting at a glance. Not sure where to start? Read our simple guide explaining what is a debit card or jump straight to comparing Visa debit cards or debit MasterCards.
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
Top 10 Most Popular Debit Cards
| Compare | Key Features | Monthly Account Fee | ATM Withdrawal Fee | ||
|---|---|---|---|---|---|
St.George
Complete Freedom
|
|
$0
|
|
$0
at St.George, Westpac, BOM and BankSA ATMs
|
Go to site more Info |
Citibank
Plus Account
|
|
$0
|
|
$0
Citibank, Westpac, St George, Bank of Melbourne, Bank SA ATM's
|
more Info |
Westpac
Choice
|
|
$0
|
|
$0
at Westpac, St.George, BOM and BankSA ATMs
|
Go to site more Info |
ING Direct
Orange Everyday
|
|
$0
|
|
$0
|
Go to site more Info |
HSBC
Day to Day
|
|
$0
|
|
$0
at Westpac, HSBC, St.George, Bank of Melbourne and BankSA ATMs
|
Go to site more Info |
ANZ
Access Advantage
|
|
$0
|
|
$0
at ANZ ATMs
|
Go to site more Info |
|
St.George
Express Freedom
|
|
$0
|
|
$0
at BankSA, Bank of Melbourne, St.George and Westpac ATMs
|
more Info |
Bankwest
Hero
|
|
$0
|
|
$0
at Bankwest and CBA
|
more Info |
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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.
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