SoFi Checking and Savings
- 1.20% APY on checking balance
- 4.20% APY on savings with direct deposit
- $0 account or overdraft fees
- Get a $250 bonus with direct deposits of $5,000 or more
- FDIC insured up to $2M
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Whether you’re hitting Bondi Beach, sitting in the Sydney Opera House or touring the Outback’s scenic rock formations, you can pay for almost anything with plastic — including taxis, souvenirs and incidentals. Using a credit card without foreign transaction fees — like the Capital One VentureOne Rewards Credit Card, which also earns rewards on purchases — is a great way to save money abroad.
Though cards are widely accepted, keep some cash in your pocket for the rare restaurant or shop that doesn’t take plastic or charges extra for using a card. The Australian dollar is the local currency, and you can get your hands on it through ATMs spread widely around the country at the airport and inside banks, convenience stores, gas stations and shopping centers.
SoFi Checking and Savings
Capital One VentureOne Rewards Credit Card
You shouldn’t have any problem using a Visa, Mastercard or American Express card in Australia. But watch out for transaction fees that come with using a card.
Debit cards are typically the preferred option for making ATM cash withdrawals. If you don’t want to link your bank account to your card, however, consider a prepaid travel card — but watch out for its additional fees, too.
Since credit cards are a common payment method in Australia, you may want to consider a travel credit card. The Capital One Venture Rewards Credit Card, for example, doesn’t charge the normal foreign transaction fees, helping you keep more money in your wallet. You could earn rewards on your purchases and get travel insurance, luggage insurance or car rental insurance. With some cards, you could even get a concierge service, which can be helpful when traveling abroad.
Another option could be an airline cobranded card. This type of card helps you save money on flights, checked bags, lounge access and more. Some cards also come with complimentary travel insurance and similar perks.
American Express and Discover cards are accepted in Australia, but Mastercard and Visa take the lead when it comes to reliable acceptance.
If you’re looking for an ATM that accepts your Amex, major banks like ANZ, Commonwealth Bank of Australia, St. George Bank and WBC allow cash withdrawals with your card. For Discover cards, look for Bank of China, Bank West, HSBC, iCash or ING ATMs.
|Merchant acceptance||ATM acceptance|
Narrow down top travel credit cards by welcome offers, rewards and annual fees to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.
A debit card comes in handy for cash withdrawals since you won’t pay any cash advance fees or a cash advance APR. You’ll want to find a card that waives or reimburses foreign transaction and ATM fees, such as the Betterment Checking account which automatically reimburses pesky international ATM fees.
When it comes to staying protected against theft, using a prepaid travel card is your best option as it’s not linked to your bank account. However, travel cards can have expensive fees.
To avoid foreign transaction fees, try loading your prepaid travel cards with Australian dollars.
In general, most establishments in Australia accept cards. However, carrying some cash is a good idea in case you stumble across a place that doesn’t.
Either exchange US dollars at a bank or make an ATM cash withdrawal. If you go for the latter, consider using a debit card and preferably one without foreign transaction fees or ATM fees.
Traveler’s checks aren’t widely accepted in Australia. This could make purchasing and cashing your checks a nuisance.
Considering checks come with foreign transaction fees and purchasing fees, they could become more expensive than they’re worth. In Australia, the other payment options could be better alternatives.
Australia uses the Australian dollar with a symbol $ and a currency code AUD.
You could exchange US dollars upon arrival, but the conversion rates at the airport usually aren’t favorable. An ATM cash withdrawal could give you a better rate.
Refreshing in: 60s | Mon, Jun 05, 04:01AM GMT
Common Australian dollar banknotes:
The Australian banking system has an extensive network, including offering ATMs inside banks, convenience stores, gas stations, shopping centers and on the streets. ATMs should accept both Mastercard and Visa, but you may see Visa’s Plus or Mastercard’s Maestro or Cirrus logos displayed. To avoid foreign transaction and ATM fees, go with a Betterment Checking debit card in hand, which reimburses these fees automatically.
With WorldRemit you can send money to Australia before you depart. Once you arrive, pick it up from a local WorldRemit agent.
To make the transfer, you need to submit an Australian phone number and an address.
If you don’t have one, WorldRemit recommends submitting the phone and the address of the place you’ll be staying at. This is in case the local agent needs to contact you. But you can still pick up the money with only your passport.
Plastic is widely accepted throughout Australia. For best value, consider using a travel or an airline cobranded credit card for purchases and a debit card for ATM cash withdrawals. But make sure your cards have no foreign transaction fees.
If you would like to know more about which payment method would work best overseas, check out our travel money guide page.Back to top
This guide provides step-by-step instructions on how to buy DRAC (Ordinals), lists some exchanges where you can get it and provides daily price data on DRAC.
This guide provides step-by-step instructions on how to buy VMPX, lists some exchanges where you can get it and provides daily price data on VMPX.
This guide provides step-by-step instructions on how to buy BANK (Ordinals), lists some exchanges where you can get it and provides daily price data on BANK.
This guide provides step-by-step instructions on how to buy ZBIT (Ordinals), lists some exchanges where you can get it and provides daily price data on ZBIT.
This guide provides step-by-step instructions on how to buy WHEE, lists some exchanges where you can get it and provides daily price data on WHEE.
This guide provides step-by-step instructions on how to buy PIZA (Ordinals), lists some exchanges where you can get it and provides daily price data on PIZA.
This guide provides step-by-step instructions on how to buy BISO, lists some exchanges where you can get it and provides daily price data on BISO.
This guide provides step-by-step instructions on how to buy PEPE (Ordinals), lists some exchanges where you can get it and provides daily price data on PEPE.
This guide provides step-by-step instructions on how to buy ALEX Lab, lists some exchanges where you can get it and provides daily price data on ALEX.
This guide provides step-by-step instructions on how to buy NALS, lists some exchanges where you can get it and provides daily price data on NALS.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.