Debit Card Finder™ – Debit Cards – Compare & Apply for an Australian Debit Card

Debit cards have all the access of a regular credit card, including online and phone purchases.

Unlike a credit card, a debit card has no credit facility, so it offers you the convenience and security of Visa and MasterCard, using your own money. They are also good options for students and those who have bad credit as there is no credit history required for application approval.

ING DIRECT Orange Everyday Account Offer

Debit Card Offer


The ING DIRECT Orange Everyday account is a unique transaction account that rewards you with free ATM usage and cash back when you make a minimum deposit of $1,000 from an external account each month. Receive:

  • Free ATM usage in Australia, regardless of who the ATM is operated by
  • 2% cash back on Visa payWave purchases under $100 in Australia
  • $0 monthly account-keeping fee

    Debit Card Comparison

    Rates last updated May 21st, 2015

    $
    Savings Account Monthly Account Fee Debit Card Access ATM Withdrawal Fee Interest Rate p.a. Fee Free Deposit p.m. Details
    ING DIRECT Orange Everyday Account
    Use every ATM in Australia for free (conditions apply) with no monthly fees.
    Yes, Visa $0 0.00% $1,000 No monthly fees, and you can use any ATM in Australia for free withdrawals when you deposit at least $1000 into the account from an external account. Open More
    Citibank Plus Everyday Account
    No monthly fee, a linked Visa Debit card and unlimited transactions.
    Yes, Visa $0 0.00% $0 No ATM fees using Citibank, Westpac, BankSA and St .George branded ATMs. No international ATM or purchase fees. Open More
    ANZ Access Advantage
    Enjoy unlimited transactions using ANZ ATMs, ANZ Phone & Internet Banking, plus branch, cheque and EFTPOS. Conditions apply for monthly fee concession.
    Yes, Visa $0 0.00% $2,000 No monthly account fee when you deposit at least $2,000 per month. Open More
    HSBC Day to Day Transaction Account
    Enjoy no monthly account-keeping fees, unlimited ATM transactions at over 3,000 HSBC, Westpac, St George, BankSA and Bank of Melbourne ATMs, with no ATM fees.
    Yes, Visa $0 0.00% $0 No ATM fees at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and Bank SA ATMs. Open More
    Bankwest Qantas Transaction Account
    Earn Qantas Points on your daily balance and eligible purchases and get a Debit MasterCard.
    Yes, Mastercard $0 0.01% $2,000 *Pay no monthly account fees when you deposit at least $2000 into your account each month. Open More
    Bankwest Easy Transaction Account
    No monthly account fees when you deposit at least $2000 per month (e.g. salary). Plus $0 ATM fees at all major bank ATMs Australia wide. Fees, T&C's apply.
    Yes, Mastercard $0 0.00% $2,000 Minimum deposit of $2,000 per month needed to waive the monthly account fee otherwise $6 monthly fee applies. Open More
    QT Mutual Bank Everyday Account
    Get a $50 cash back note when you open an account. First 100 customers only.
    Yes, Visa $0 0.00% $2,000 No monthly fees when $2,000 is deposited into this account per month. No ATM fees when using the 3000 rediATMs in Australia. Open More
    Westpac Choice
    Deposit at least $2,000 per month and enjoy no monthly service fee. No ATM withdrawal fees charged by Westpac via their Global ATM Alliance partners.
    Yes, Visa $0 0.00% $2,000 No ATM fees when using St.George / Westpac / BankSA ATMs. No monthly service fee if you deposit a minimum of $2000 per month. Open More
    BankSA Complete Freedom Account
    Enjoy a flexible transaction account with a linked Visa debit card and free unlimited transactions.
    Yes, Visa $0 0.00% $2,000 No monthly account keeping fees when you deposit at least $2000 in the account each month. Free access to BankSA, St.George, Westpac and Bank of Melbourne ATMs. Open More
    St.George Complete Freedom Account
    No account-keeping fees, if you deposit $2,000 per month plus no minimum balance required.
    Yes, Visa $0 0.00% $2,000 No account keeping fees, if you deposit $2000 per month plus no minimum balance required. No ATM fees when using St.George / Westpac / BankSA ATMs. Open More
    St.George SENSE
    Two joined accounts which together allow you to earn interest, save money and access funds through a Visa debit card.
    Yes, Visa $0 1.95% $2,000 No ATM fee when using St.George, BankSA, Bank of Melbourne and Westpac ATMs (in Australia). No monthly service fee if you deposit a minimum of $2,000 per month. Open More
    Bank of Melbourne Complete Freedom Transaction Bank Account
    A flexible transaction account with optional VISA debit card which can be used at Westpac, St.George, BankSA and Bank of Melbourne ATMs for free.
    Yes, Visa $0 0.00% $2,000 No ATM fees when you use Bank of Melbourne, BankSA, St.George or Westpac ATMs. No monthly fees when you deposit at least $2000 into this account each month. Open More
    BankSA Express Freedom Account
    A transaction account with Visa debit card and no monthly fees if $1,000 is deposited into it each month.
    Yes, Visa $0 0.00% $1,000 Avoid ATM fees when using BankSA, St.George, Bank of Melbourne and Westpac ATMs. Avoid the monthly fee if you deposit $1000 into this account each month. Open More
    Bank of Melbourne Express Freedom Transaction Bank Account
    A low fee transaction account with free unlimited banking transactions.
    Yes, Visa $0 0.00% $1,000 No ATM fees when you use Bank of Melbourne, St.George, Westpac and BankSA ATMs. No monthly fees if you deposit $1000 into your account each month. Open More

    To find out more about debit cards, have a read of our comprehensive debit card resources. Read our guide to VISA Debit Cards for an in-depth explanation and comparison between VISA Debit Cards.

    Debit Card Options – Further information

    1. ANZ Access Advantage – A fantastic Visa debit card with unlimited transactions for $5 a month and purchase security with the ANZ ‘Falcon’. ANZ also offer a 50% discount on their monthly fee for students. Also offers access to Visa Entertainment including access to everything from concerts to cinemas, sporting events and travel offers.
    2. NAB Visa Debit Card – Unlimited access to all ATMs, with a $0 monthly fee.
    3. St. George Visa Debit Card – Offers an online guarantee with St.George secure and 10 free SMS alerts when joined to a Complete Freedom account. Access to Visa Entertainment.
    4. ING DIRECT Orange Everyday Account – Get 5% Cashback on purchases when you use tap-an-go.

     
    Start Comparing Debit Credit Cards
     


    Comparing debit cards so you make the most informed choice.

    Debit cards usually have a MasterCard or Visa logo on them and can be used to make telephone or Internet purchases in the same way that you would use a credit card. They can also be used at an ATM, and are accepted wherever the logo on your debit card is displayed.

    1. Debit cards vs credit cards

    A debit card is much different than a credit card. You do not have to apply for credit when you get one, which means that your credit history has no bearing on your acceptance. This is not a short-term loan like you get with a credit card since it is linked directly to your bank account and is treated the same way as cash. If you do not have the money in the bank, then you cannot make your purchase.

    A lot of Australians are getting in trouble with their credit cards and build up a huge debt because it is so tempting to spend money you don’t actually have. There is no chance of this occurring when you have a debit card, and you still have the convenience of using them wherever credit cards are accepted.

    Debit card fees

    While there are fees associated with a debit card, they generally lower when compared to the fees you would have to pay with a credit card. If you need to go to an ATM to withdraw money for instance, you will not be charged a fee (if you use the correct ATM) that you would be charged if you used a credit card for a cash advance. Fees are always very modest with debit cards, and the best debit card is one that comes with a minimal fee attached to it.

    The benefits of a debit card

    How a debit card can help you save money

    The benefits of credit cards are pretty much apparent such as those using rewards programs as well as the convenience of having instant money, especially for new credit card holders. Aside from providing the same benefits, you are also assured that by using a debit card you won’t be accumulating debt over time.

    Debit cards are becoming very popular as a form of card to carry. Credit cards have well publicised benefits like rewards programs, but reward transaction accounts have also been introduced to encourage you to save. While debit cards have monthly fees which end up costing as much as a typical credit card annual fee, they still have their distinct advantages over credit cards.

    Only spend the money you own

    For the irresponsible or inexperienced user of credit cards, it may be suitable to use a debit card if you lack the discipline to manage credit. A debit card is only linked to your savings account(s) – while you can lose all your savings with irresponsible usage, it’s impossible to get into debt. However, the one thing you’ll need to wary of is over drafting fees. If you make a $10 purchase and only have $5 left in your account which your debit card accesses, you’ll be hit with an ‘overdraft’ fee.

    All the access of a credit card

    Debit cards dominantly use Visa and MasterCard as payment processors – which means you have the same access that any credit card has. Restaurants, magazine subscriptions, online purchases, the whole package is accessible from a debit card. Debit cards are almost as convenient as credit cards. Debit cards can be used in most places that Visa and MasterCard are accepted. It can be used in shops and for online purchases.

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    2. Business debit cards

    Credit cards can add buying power to your business where there previously was none. However, there are grave risks when doing this. Consider instead a business debit card.

    No Interest

    Debit cards are interest free so that factor alone can save you a lot of money over the year. Because you are only spending the money in your account at the time, you can happily be limited to not putting an expensive item on the credit card that you cannot afford right now. With a debit card, you don’t need to worry about paying for debt or high interest rates because the money is funded by your existing savings. Since the money will be debited immediately from your bank account, you will be more careful in spending too much.

    Credit cards on the other hand lend you money you don’t have and therefore provide higher risk factors.

    When using a credit card, each purchase is subject to some amount of interest. Should, at the end of the month, your business not be able to pay the credit card balance, that interest becomes greater and greater each month. In essence, when making purchases with a debit card, you are in fact, paying more for each purchase once interest is figured in.

    When using a debit card, these extra charges never come into play. Debit cards allow your business to make purchases interest free. There is no credit, or borrowed money, when using a debit card to rack up interest and keeps your records free of credit debt.

    You are protected with debit card use.

    Initially there was a concern with fraud regarding Debit Cards, but with the advent of the PIN (Personal Identification Number) and the chip technology, the public has become more accepting of the use of these cards. Just like credit cards, debit cards offer protection while you use them. Some debit cards offer 90 day protection after making your purchase. Plus they are protected with a unique PIN. A PIN you set and use every time you shop. Even if someone steals your debit card they would have to know your PIN before they could use it. Often credit cards offer protection on purchased items (great if you are travelling overseas) but it is also available on debit cards so if this is important to you, make sure that you check it out.

    Some debit cards offer rewards and perks with their cards

    Maybe one of the reasons you are using your credit card is because you want to earn points and redeem rewards.

    Easy accessibility to money.

    People who mainly rely on credit cards for their purchases sometimes visit a store that only allow cash payment. In that case they would have to rely on making an expensive cash advance. However, if you are going to use a debit card, you can withdraw cash any time from your bank, ATM’s and in shops and get instant access to cash without having to worry about high interest rates. There will be some charges and they vary depending whom you bank with. Using a debit card to withdraw cash is much cheaper than getting a cash advance on a credit card. Credit cards charge not only a fee for the transaction but also interest on the cash advance from the day it is taken out. With a debit card you can access cash at an ATM for a lesser fee and no interest to be paid.

    Convenience.

    Generally, debit cards provide the same convenience as credit cards do because the cards can be used anywhere MasterCard and Visa are accepted. You can use your debit card to shop at your favourite stores or pay your bills online or by phone.

    No Debt.

    With the ease of access to seeming “free money”, it can be easy for a business, just as easy as it is for an individual to become surrounded by credit debt. Occasionally, carrying a balance is a necessity for a business as capital is not always there to make good on the balance. However, using a credit card for everyday purchases when the capital is there is a dangerous trap to fall into.

    If you want a plastic card for ease of spending, carefully look at the options of a debit cards as opposed to a credit card. You could find that credit cards will be more expensive overall, especially if you carry over unpaid balances.

    Information on comparing VISA debit cards to make an informed choice.

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    3. Entertainment benefits for debit card reward programs

    With so many people switching away from credit cards over to debit cards, it’s easy to see why more card providers are offering incentives, entertainment benefits and rewards programs to entice more customers.

    Understanding that one of the major rewards often chosen by customers is related to entertainment, the rewards programs have moved to include some great entertainment benefits for customers using debit cards.

    In most cases, the types of entertainment benefits offered to customers tend to include access to sports games, music concerts and theatre tickets. Debit card holders who are part of the rewards program are able to access slightly better seats. They may also receive preferential treatment when it comes to booking tickets earlier than the general public are allowed to book.

    Further benefits also may include discounted prices on some tickets or any unsold seats, and the ability to meet some of the performers or sports personalities after the event.

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    4. Getting the most out of your debit card

    Using debit cards will help keep your debt under control and can also generate a small amount of income. More people are using debit cards these days instead of credit cards or cash, but it is important to use them wisely. To make sure that you’re getting the most out of them. Here are some debit card tips you can use to help improve your finances.

    Some debit cards offer cash back plans that give you cash rewards for using your cards for purchases. You will receive a small percentage back for a purchase that you make using the card. While it may seem relatively small, these rewards can add up fairly quickly, especially if you use debit cards to pay for groceries, utility payments or big-ticket items.

    You should compare the rewards programs offered by different banks before choosing your debit card. Some financial institutions offer special perks along with the cashback program. Find the plan that gives you the most benefits, taking into account any card fees as well, and you can actually earn a bit of money by spending on your card.

    It is important to remember that this is not a credit card and it is the same as paying cash for an item. Keep track of your account balance and try to keep it from going into overdraft by using it. Some banks have penalties for overdraft that come about from debit purchases. You can save a lot of money and time by simply recording the purchases you make with debit cards the same way you do with checks.

    Debit cards are an easy way to access the cash you have your account without having to carry around any money, and is just as easy to use as a credit card. As long as you manage your purchasing on the card properly and avoid overdrafts, you can start earning some cash back that you can use on anything you want.

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    5. Debit card security

    Debit cards offer a number of card guarding features to make using them more secure. More debit and credit card providers are becoming more accountable for preventing debit and credit card fraud and protecting your card security. Thus, a number of debit and credit card institutions now offer you a zero liability guarantee, where you will not be held liable for any of the charges made if your card gets stolen or lost.

    The two major debit card companies, MasterCard and Visa, now much of these protections are built in with your card and provided by your debit card company or your provider/financial institution.

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    History of debit cards

    In Australia it has been over 20 years that debit cards have been used in EFTPOS machines. Since 1988 when the first ‘switch card’ transaction took place, the Australian public has become accustomed to using ‘plastic’ for purchases. By 1995 Debit Cards had overtaken credit cards in popularity and within only 3 more years Debit Card transactions were more common than cheque payments.

    In 1990 there were over 19 million debit cards in circulation and popularity has continued through to today. In 2006 there were over 27.8 million Debit Cards in use and it is estimated that there will be 34.4 million debit cards in use by 2016 in Australia.

    Helping its popularity is Visa who says that the debit card is the fastest growing consumer product ever released by their company with about 70 million people using a debit card each month and with over 115 million people carrying a Visa branded debit card around the world.

    Over 20 million transactions of less than $10 each are made annually. Escalating credit card debt has concerned not only the users but banks as well and also governments, so it would not be surprising to see debit cards slowly replace most credit cards as people try to pull back their debt.

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    60 Responses to Debit Card Finder™ – Debit Cards – Compare & Apply for an Australian Debit Card

    1. Default Gravatar
      Ana | February 17, 2015

      What is the difference between a Platinum debit card from VISA and Mastercard debit cards?

      • Staff
        Jonathan | February 18, 2015

        Hi Ana, thanks for your inquiry!

        One of the major differences between Mastercard and VISA is the use of Paypass and Paywave respectively for contactless payment. Otherwise security protection for VISA and Mastercard have different approaches to combatting fraud.
        Debit cards will also vary in features depending on the lender.

        Cheers,

        Jonathan

    2. Default Gravatar
      Tanya | February 16, 2015

      Do I get instant travel insurance when I purchase a plane ticket online with a visa debit card?

      • Staff
        Jonathan | February 16, 2015

        Hi Tanya, thanks for your inquiry!

        It depends on the debit cards inclusions, for a list of debit cards that include travel insurance please see this page.

        Cheers,

        Jonathan

    3. Default Gravatar
      robin | January 27, 2015

      Can you obtain a debit card that can have American dollars deposited at today exchange rate for use in 6 months time?

      • Staff
        Jonathan | January 28, 2015

        Hi Robin, thanks for your inquiry!

        Typically any foreign exchange transaction made where you deposit a certain amount of currency for another will effectively secure the offered rate. The expiry period can vary, generally the card will be active for 1-2 years after the currency exchange has taken place. It is recommended to refer to the terms and conditions of the respective card.

        I hope this helps!

        Cheers,

        Jonathan

    4. Default Gravatar
      Joy | December 24, 2014

      Does the ING everyday card cover travel insurance

      • Staff
        Elizabeth | December 24, 2014

        Hi Joy,

        Thanks for your question.

        The Orange Everyday debit card and account does not provide any kind of travel insurance cover. If you’re looking for a debit card that offers travel insurance, you can take a look at this page.

        I hope this has helped.

        Thanks,

        Elizabeth

    5. Default Gravatar
      Dave | August 1, 2014

      Is there such a thing as a virtual debit card where I can have a number and top it up online?

      • Staff
        Shirley | August 4, 2014

        Hi Dave,

        There are few in the market, such as the Virtual V Card.

        Cheers,
        Shirley

    6. Default Gravatar
      anti-paywave/paypass | July 15, 2014

      Credit Cards without paywave / paypass can you please highlight those cards which do not have this insecure one factor authentication as a selling point in your search engine.

      • Staff
        Shirley | July 16, 2014

        Hi Anti paywave/paypass,

        Thanks for your question.

        To our knowledge some cards offered by Citibank don’t have the paywave feature, though they are starting to incorporate this feature into all cards that are currently being issued.

        Unfortunately this feature is permanent for most cards on the market and can’t be disabled. You can still dip or swipe your card if you prefer not to use paywave or paypass.

        Cheers,
        Shirely

      • Default Gravatar
        john | January 9, 2015

        Hey,
        I have been waiting for my debit card for a month now,
        Can you please help
        Thanks
        John

      • Staff
        Jonathan | January 12, 2015

        Hi John,

        Thanks for your inquiry,

        If you could please let me know which debit card provider you applied with I will be able to assist you further, thank you.

        Cheers,

        Jonathan

    7. Default Gravatar
      Pkpetr | April 9, 2014

      Are there any anonymous business credit cards?

      • Staff
        Jacob | April 10, 2014

        Hi, Pkpetr.

        I’m not sure I understand your question. Can you please elaborate?

        Thanks for your question.

    8. Default Gravatar
      | March 18, 2014

      I am going to Central and South America, for six months, what is the best Debit Card for these areas.

    9. Default Gravatar
      Bistra | February 19, 2014

      I want to use my Load&Go visa card on EBAY. Can I do this

      • Staff
        Jacob | February 19, 2014

        Hi, Bistra,

        This card has the same details as a credit card. You should be able to use this as a form of payment. Best to check with the seller first.

        Thanks for your question.

    10. Default Gravatar
      Samual | December 22, 2013

      Is it true your so called falcon security facility is run over in the Philippines ?

      I hear that the falcon security team is run over in the Philippines ? They stopped my friends card while xmas shopping, so called the call center and took her 45 minutes to get thru before team in NZ answered her call.. Would that be correct

      • Staff
        Shirley | December 23, 2013

        Hi Samual,

        Thanks for your comment.

        Creditcardfinder.com.au is a comparison service, unfortunately we don’t handle the financial products ourselves.

        The ANZ Falcon Security System runs internationally – on the ANZ website it states “It is extremely important to contact us on 13 22 73 prior to overseas travel to ensure your contact details are up to date and that we know that you are outside of Australia. For instance, your credit card could be declined by a merchant overseas when you know that there are funds available because ANZ Falcon has detected overseas transactions which are not consistent with the normal pattern on your account.”

        To prevent your ANZ credit card from being declined overseas, it’s best to notify ANZ before you travel.

        Cheers,
        Shirley

      • Default Gravatar
        Micky | December 22, 2013

        I purchased your Credit Cards last year and was dumb founded when ANZ charged be to reward fees to have it, one for me being primary and my lovely wife as additional card holder. I then had my son listed as additional and paid another fee again for rewards. Frequent Flyer .. Not only do i pay additional cardholders but pay the rewards fee 3 times. I called other banks and they charged it only once regardless how many cardholders.. Do you think that is fair …?

      • Staff
        Shirley | December 23, 2013

        Hi Micky,

        Thanks for your comment.

        Creditcardfinder.com.au is a comparison service, unfortunately we don’t handle the financial products ourselves and cannot comment on this. If you wish to lodge a complaint to ANZ about this, you can contact one of their specialists at the ANZ Complaint Resolution Centre. They aim to work closely with you to resolve your complaint within a maximum of five business days.

        Cheers,
        Shirley

    Credit Cards Comparison

    Rates last updated May 21st, 2015
    Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
    St.George Vertigo Visa
    St.George Vertigo Visa
    A low annual fee and low interest rate offer on balance transfers. 0% p.a. for 3 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. 21.49% p.a. Go to site More info
    NAB Low Rate Credit Card
    NAB Low Rate Credit Card
    Low ongoing interest rate on purchases and balance transfers. 0% p.a. for 12 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
    St.George Vertigo Platinum
    St.George Vertigo Platinum
    A platinum card with a low interest rate on balance transfers and purchases with a low annual fee. 0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. 21.49% p.a. Go to site More info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card
    Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info
    Virgin No Annual Fee Credit Card
    Virgin No Annual Fee Credit Card
    Take advantage of the 0% p.a. for 14 months balance transfer offer 18.99% p.a. 0% p.a. for 14 months $0 p.a. 20.99% p.a. Go to site More info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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