OzForex Travel Card – Details & Application

Information verified correct on October 27th, 2016

Don’t wait till the last minute to sort your travel money.

A handy product if you’re planning on travelling or transacting in a foreign currency, the OzForex Travel card allows you to preload and hold multiple foreign currencies on the card at the same time. The exchange rate is locked in when the card is loaded with value. The OzForex Travel Card supports all major international currencies, including Australian dollars. And unlike other travel cards, the OzForex Travel Card is free to reload. However, you will pay an initial load fee of $15.

Important Information
  • The OzForex Travel Card will no longer be available for applications as this credit card is no longer available to new customers. The information provided and cards cannot be applied for, however, the information on this page has been kept for the benefit of existing customers and for those who are interested.
    If you would like to compare other cards credit cards: Click here.

OzForex Travel Card Review

Travel cards are growing in popularity among overseas holiday-makers looking for a convenient way to manage their travel budget. These accounts offer a separate travel only account that is topped up from your everyday transaction account when you need more money, a back-up card is issued with the account in case the first is lost or stolen, you get the ability to load and hold multiple foreign currencies at a set exchange rate and you get access to the Visa or MasterCard payment and ATM networks. The OzForex Travel Card is a MasterCard can be used to make purchases and withdraw money wherever MasterCard is accepted — worldwide.

As convenient as travel cards are to take away on holiday, they do come with fees — and the OzForex Travel Card is no exception. Most travel cards will charge for a reload fee, the OzForex Travel Card does not. The card issue fee is $0 But there is an initial load fee of $15.

Benefits of the OzForex Travel Card

  • Preload multiple currencies

    • Available currencies. Although some of the more ‘exotic’ currencies, like Emirati Dirham (AED), are not an available currency on this account, The OzForex Travel Card allows you to hold all of the major foreign currencies.AUD, CAD, EUR, HKD, GBP, JPY, NZD, SGD, USD
    • Lock in the exchange rate. Load the account using BPAY. Value is loaded onto the account in Australian dollars. You’re then able to transfer the money between currencies at a time of your choosing, allowing you to lock in the exchange rate when you want.
    • First load / reload fees. It’s common to incur a fee either when you first load a travel card with funds or every time you load card with funds. The OzForex Travel Card charges $0 to reload, but there is an initial load fee of $15 on your first load.
  • Currency conversion

Spend in a currency not loaded onto the card and you’ll incur a fee for currency conversion. This is a fee of 3%% of the value of the transaction. Load up your card before you spend and manage your account through the OFX online portal to make sure you don’t get charged for currency conversion.

  • The default currency order

If you do spend in a currency not loaded onto the card, you will incur a currency conversion fee. The available currencies on the OzForex Travel Card will be debited in the following order: AUD, CAD, EUR, HKD, GBP, JPY, NZD, SGD, USD

  • A MasterCard account

    • Use it anywhere MasterCard is accepted. As this is a MasterCard, you can use it wherever MasterCard is accepted. This is at millions of ATMS and point of sale terminals around the world.Press ‘CREDIT’ when asked at the ATM or over the counter to complete a transaction.
    • Comes with a backup MasterCard. The beauty of a travel card is that the account actually comes with two cards. The backup card can be activated by calling OFX if the first card is lost or stolen.
    • Manage the account online. Reload via BPAY from your transaction account and conveniently manage your account online through the OFX customer portal.
  • MasterCard Zero Liability Guarantee

All MasterCard products are protected under the MasterCard Zero Liability Guarantee. This covers you if you’re account is defrauded while using the MasterCard payment network (over the phone, over the counter or contactless transactions).

  • OzForex Travel Card limits

    • Load limits. Load as little as and as much as $25,000 on the OzForex Travel Card. You can load up to $50,000 on the card in a 12 month period.
    • Transaction limits. You can withdraw up to $1,500 from an ATM in a 24 hour period using the OzForex Travel Card.
    • ATM limits. Different ATM machine operators may also impose their own limits on the size of ATM withdrawals.
  • ATM fees

Watch out for travel card ATM fees if you’re withdrawing cash overseas. OFX charge a fee when you make a withdrawal. The charge varies depending on the foreign currency you’re withdrawing.

AUD 2.95, CAD 2.95, EUR 2.00, GBP 2.00, HKD 15.00, JPY 210, NZD 4.25, SGD 3.50, USD 2.25
  • SMS Alert fee

SMS alerts are a feature of the OzForex Travel Card. You can elect to get an SMS when you load the card, to confirm how much money you’ve got left on the card and you can also get one off SMSs, which let you know things like ‘last five transactions’. It will cost you 50 cents per SMS. You can get all this information through the OzForex Travel Card online customer portal.

Features of the OzForex Travel Card

The OzForex Travel Card offers the following features:

  • Pay $0 to get the card. The OzForex Travel Card has a $0 card issue fee.
  • Load up to nine multiple foreign currencies onto the card and lock in the exchange rate. Available currencies:AUD, CAD, EUR, HKD, GBP, JPY, NZD, SGD, USD
  • Comes with a backup in the case the first card is lost or stolen.
  • You’re covered under the MasterCard Zero Liability Guarantee if you’re the victim of credit card fraud, and your card is protected by chip and PIN security.

Chris Minehan: Head of Marketing OFX talks about the OzForex Travel Card


Hi, I’m Chris Minehan. I’m the head of marketing at OFX. I’m here today to tell you all about the OzForex travel card and why it’s the best travel card on the market.

The OzForex travel card is a safe and secure way to access your funds when you’re overseas. It’s a modern version of the old traveller’s cheques. The main benefit of the card is the industry bidding right. It’s 2.99% over the wholesale rate, and that’s the best rate in the market. A lot of the other travel cards are between 4% and 8% margin. There are also no reload fees on the OzForex travel card. It’s the only card in Australia that has no reload fees, and that will save you 1% of the money you’re loading every time. So every time you put $1,000 on the card, that’s saving you $10.

You get a secondary card with the travel card, so you can keep one in your spare suitcase or somewhere else. If you lose it, you don’t have to wait the 48 hours for MasterCard or the card provider to send you a new card. You have a second card that you can access online. And finally, you can lock in a rate at the time of your choosing. So when the currency is high
or when you want to send over the funds, you can choose when to do that.

There are two considerations when using the card. Firstly, it doesn’t offer travel insurance. If you’re looking to purchase your international flights, you’re better off using your existing credit card. Also, when putting funds onto the card, we ask that you allow two to three days for the funds to arrive. We accept funds via BPAY, but sometimes it can take two to three days for the funds to be available on your card.

The OFX card has some limits for security. The maximum funds allowed to be loaded on the card is $25,000 Australian dollars. We also have a minimum $100 load amount on there. So you can’t load less than $100 onto the card at any one time.

The OzForex travel card is available with nine separate currencies, or what we call Wallets. It’s available in Australian dollars, US dollars, Canadian dollars, New Zealand dollars, Hong Kong dollars, Singaporean dollars, Japanese yen, Euro, and Great British pound.

You can spend on the card if you’re travelling outside of those nine major countries or where those nine currencies are accepted, and it will move the money from your Australian wallet into the local currency that you’re travelling in.

You can monitor your funds overseas by SMS alerts. We also have an online portal where you can go in and access your card details. We can send an alert when you have low balances, and you’ll get an SMS alert on your phone to let you know to load up with plenty of time to get your funds onto your OzForex travel card.

One thing to consider when getting a travel card is the exchange rate that you’ll get. All banks and travel card providers will charge a mark-up over what we call the interbank rate, and that’s the rate you see when you look at the nightly news. OFX has a 2.99% markup on that interbank rate, and many other providers have between 4% and 8%.

Your OzForex Travel Card is valid for three years after application. If you wanted to renew that, three months prior to the card expiring we’ll send you an e-mail, and you can choose to renew your card at that time.

If you have cash left on your card at the end of the three year period and you choose not to renew it, you can access those funds through EFTPOS, an ATM, or we can send it to an account of your choosing.



The OzForex Travel Card is issued by Macquarie Bank Limited ABN 46 008 583 542, AFSL No. 237502 (MBL). This information is for general information purposes only. It does not take into account any of your potential personal objectives, financial situation or needs. Before acting on this information, you must consider its appropriateness having regard to your own objectives, financial situation and needs and obtain your own independent advice about whether to obtain or continue to hold a Card. You should read and consider the current Product Disclosure Statement (“PDS”) available at www.ozforex.com.au/travel-card (which you agree to be provided by accessing this link) before making any decision about whether to acquire or continue to hold a Card. Full terms and conditions are set out in the PDS. Fees and charges may apply if you obtain or continue to hold a Card. OzForex Pty Ltd’s (ABN 65 092 375 703, AFSL No. 226 484) Financial Services Guide is available at www.ozforex.com.au/travel-card and you agree to its provision to you by accessing this link. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. BPAY® Registered to BPAY Pty Ltd ABN 69 079 137 518. Rates mentioned and compared are based on rates stated on travel card provider websites as at [xx] date. Fees and charges apply for non supported currencies, please refer to PDS. SMS fee of 0.50c per SMS applies.

How to apply for the OzForex Travel Card

Click on ‘find out more’ or ‘enquire now’ to be directed to a secure OzForex Travel Card application page.

Application requirements:

You must meet the following requirements if you want to apply for the OzForex Travel Card:

  • Be over 16 years of age

Required documents:

You can use the following sources to complete the online identification process:

  • Driver’s licence number
  • Phone book
  • Electoral Role
  • Foreign passport (employment visa)
  • Credit history
  • Tenancy file

Manual identity verification fee

If you’re unable to complete the online identification process, you will be required to verify your identity at an Australia Post retail outlet. A fee of $25 will be charged for this service in addition to the initial load fee.

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24 Responses to OzForex Travel Card – Details & Application

  1. Default Gravatar
    hamish | May 27, 2015

    Where can I pickup a last minute travel card similar to Forex Travel card? I leave in 3 days time and just want a pickup option rather than risk delivery.

    • Staff
      Jonathan | May 27, 2015

      Hi Hamish, thanks for your inquiry!

      Unfortunately we are unable to specify a product as finder.com.au is a comparison service. You may like to refer to the following link for a list of travel cards available on the market with reviews and comparisons.



  2. Default Gravatar
    alan | January 13, 2015


    I have an OzForex Travel card which will expire later this year before we go
    overseas. There is money in various wallets, EUR, UK that we have loaded for
    the purpose of our upcoming holiday.
    The Product Disclosure statement doesnt give any direction concerning this
    issue which will affect many people using the card.
    The relevant section says you can renew the card, the normal definition of
    “renew” is that our wallets will be transferred over, or its not a renewal its
    a cancellation of the card and the issue of a new card in its place.
    Please advise

    • Staff
      Jonathan | January 15, 2015

      Hi Alan,

      Thanks for your question,

      In terms of renewing an existing OzForex Travel Card this can be achieved by email in the ‘Contact Us’ tab on the OFX website or calling 1300 640 384.

      I hope this has helped!



  3. Default Gravatar
    Lee | November 21, 2013


    I have a multi currency bank account set up that I am transferring AUD into USD when the rate looks ok. I want to know if there is a card around that I can transfer my USD to without getting hit with fees and other charges to do so that I can take with me to USA next year


    • Staff
      Jacob | November 22, 2013

      Hi Lee.

      Thanks for your question.

      A travel money card is a good way of accessing foreign currency. Some cards charge an initial load fee, while other cards charge a fee every time you load funds onto the card so there’s a small fee at some point when you choose to deposit funds onto the card. All travel money cards allow you to load United States Dollars onto the card. You can find a comparison of travel money options for the united states on this page.

    • Default Gravatar
      Lee | November 24, 2013

      Hello Jacob,

      Thanks for the reply, what I meant is if I have USD in an Australian account is there a card that I can just transfer my USD balance onto the card. From some calls and information it seems that all the Australian travel cards only allow you to BPAY and transfer AUD onto the card that then gets converted at their exchange rates.


    • Staff
      Jacob | November 25, 2013

      Hi, Lee.

      Thanks for clarifying that for me.

      This card requires that you reload using BPAY, so you would need to transfer AUD onto the card to begin with. This applies to other travel cards as well.

      I hope this helps.

  4. Default Gravatar
    Robyn | November 7, 2013

    Running late to organise my travel funds….how long will it take for the cards to arrive? are they delivered or pickup?

    • Staff
      Jacob | November 8, 2013

      Hi Robyn.

      Thanks for your question.

      It depends on the provider. Some cards you can pick up in store. This card however is sent out in the mail. Please allow up to two weeks after applying to receive your card. But it’s more likely going to be a week to a week and a half before you get your card.

      I hope this helps.

  5. Default Gravatar
    Sangeeta | October 7, 2013


    I am travelling to India in next week.

    I have looked at heaps of travel card options and none load with Indian Rupees.

    I am wanting to know if I can load money in AUD and when in India I use the ATM will I:

    - get charged a currency conversion rate?
    - get charged a ATM transaction fee?
    - get charge any other related fee?
    - can I electronically transfer more money onto the card from another bank account – will this attract a fee?
    - are there any ATM’s where you would not get charged any fees at for withdrawing?
    - can this card be used in India?


    • Staff
      Jacob | October 7, 2013

      Hi Sangeeta.

      Thanks for getting in touch with us.

      The same information that I applied in my previous response to you about using a Commonwealth Bank Travel Money card applies to your question about this card.

      You can find a detailed comparison of travel money cards on this page.

      This card can be used wherever MasterCard is accepted, which I believe is in a number of locations in India. The currency conversion fee, ATM transaction fees and reload fees are listed in the above review. OzForex do not have any partner ATMs in India where you can withdraw for free.

      Thanks for your question.

  6. Default Gravatar
    Rosie | September 9, 2013

    Am I able to select my own PIN for the card?
    Is there an app for apple or android phones to reload and activate the card?
    Is it compatible with apple computer?

    • Staff
      Jacob | September 9, 2013

      Hi Rosie.

      Yes to all three questions.

      According to the OFX website:
      ‘To set your 4-digit PIN:
      1. Log into the customer portal (you will need the username and password that you set when activating your card)
      2. Select the ‘Settings’ tab
      3. Select ‘Reset Card PIN’
      4. Enter and confirm your 4-digit PIN’

      You can download the APP from the OFX website.


  7. Default Gravatar
    Les | August 9, 2013

    What is required for online verification?

    • Staff
      Jacob | August 12, 2013

      Hi Les.

      Head to the OFX website to find out more. There are three steps you’ll need to follow:
      1) Click on the activate my card button on the OFX website.
      2) Once you click this button, it’s a case of following the prompts and choosing a username and password.
      3) Then log in to the online portal and set your PIN.


  8. Default Gravatar
    Jo | July 2, 2013

    I was wondering how long it takes for the card to be sent out to you?
    Thank you

    • Staff
      Jacob | July 2, 2013

      Hi Jo. Thanks for your question. Once your application is approved, you should have your card in one to one and a half weeks. Once your card arrives, you will need to activate the card and register a PIN number. This can be done online through the OFX online customer portal. I hope this helps, let us know if you have any other questions. Jacob.

  9. Default Gravatar
    Candice | April 30, 2013


    Can you tell me whether multiple cards are available for this account?

    Thank you

    • Staff
      Jacob | April 30, 2013

      Hi Candice. Thanks for your question. This account is issued with two cards, a primary card and a backup in case the first card is lost or stolen. Jacob.

  10. Default Gravatar
    Judy | February 27, 2013

    Is it possible to load the card with Australian dollars and withdraw in the local currency of the country being visited?

    • Staff
      Jacob | February 28, 2013

      Hi Judy. Kind of. You load Aussie dollars onto the card and then the money is converted into a currency of your choice. You then withdraw in that currency. Did that answer you question?

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