Aussies are taking their debit card overseas

Many Aussies simply take their MasterCard or Visa debit card when they are travelling. According to Visa's Cash Access Survey 56 per cent of Australian travellers use overseas ATMs to access cash.

Visa's country manager for Australia, Vipin Kalra, says debit cards "allow consumers to spend abroad much like they do at home accessing their own funds safely and conveniently with competitive exchange rates."

There are fees and charges. The major banks charge $4-$5 for a cash withdrawal from an overseas ATM, plus a currency conversion charge of 2 per cent to 3 per cent. The local ATM operator may also charge a fee.

Source: Brisbane Times

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