Later this week I’m going to talk about how to access your money overseas but there’s also great debate over if you should use a credit card or debit card when travelling. I’m team debit card; and here’s why.
I’ve been with Westpac since I was four years old when my parents cunningly convinced me that depositing my pocket money, or rather the money I found in the couch, would be better kept in my own account. In my years, I’ve had accounts with other banks, but at the end of the day I shut those accounts down and come back to my tried and tested favourite.
I’ve had a Westpac Choice account for at least the last 8-years and have used it both in Australia and overseas. That’s since before Bitten by the Travel Bug was even born!
So why did I choose to get a Westpac Choice account? Aside from the convenience of thousands of ATM’s across Australia, there’s another important feature that’s perfect for travellers – The Global ATM Alliance.
Westpac is part of a global alliance of banks, which means their customers have no ATM withdrawal fees at more than 50,000 ATMs in 60 countries.
I’ve travelled to the USA and used a Westpac Debit MasterCard with Bank of America ATMs, visited London and used Barclay Bank’s and am using CIMB ATMs on my current trip to Malaysia and Indonesia; all with no withdrawal fees. Great, right?!
The banks they’ve partnered with are some of the biggest in their respective countries so you’ll never be far from an ATM that accepts your Westpac Debit MasterCard.
If you do choose to use your Westpac Debit MasterCard, there is a 3% conversion fee on all withdrawals but if you play your card right (see what I did there 😉 ) you can still save a considerable amount which means more money for adventures like, flying in a helicopter around New York City, or enjoying a wine tasting at a local winery.
I know what a difference the Global ATM Alliance makes. Sure, I’ve been silly and pulled out money at non-partner banks only to realise that I was being charged whopping fees. The largest being around AU$12 – ouch! That’s enough for a banquet feast in some parts of Asia or, if you use non-partner banks three times, it’s the cost of a ticket to Alcatraz. What would you rather – bank fees or more money for you to use and explore?
I’ve partnered with Westpac and Nuffnang to bring you this post,
however, Westpac is a brand I’ve used and trusted for years.
All thoughts, opinions and money saved is, as always, my own.