Find the best free debit card by comparing offers here with Savvy.
Fact checked
If you are looking for a debit card, use our table to compare Australia's best debit card offers with $0 monthly fees, free ATM withdrawals, cashback offers, budgeting apps, security features and much more. Start your debit card search with us now.
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Use invite code SAVVY10 for $10 upon successful sign-up. (Refer to offer T&Cs on Up website)More details |
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ING Orange Everyday |
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Rebates on ATM fees anywhere in Oz. No ING international transaction fees. Zero monthly fees.More details |
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No monthly account fees ever, with no conditions. Free use at over 7,000 ATMs around Australia. No overdrawn fees if you happen to go over your account balance. Open an account in less than 7 minutes.More details |
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Get $40 with a new Complete Freedom everyday bank account.More details |
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Westpac Choice |
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Westpac Choice for easy day-to-day bankingMore details |
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Disclaimer: Savvy is not advising or recommending any particular product to you. We provide general information on products for the purposes of comparison, but your personal situation or goals are not considered here. Although we try to make our comparisons as thorough as possible, we do not have information on all products on the market on our site.
You should always consult a given offer's PDS or further documentation in the process of deciding on which loan to choose, as well as seeking independent, professional advice. If you decide to apply with one of the lenders listed above via our website, you will not be dealing with Savvy; any applications or enquiries will be conducted directly with the lender offering that product.
Debit cards are amongst the most common forms of payment for Australians today, both in person and online. Since we use debit cards so often for our everyday spending, it’s important to find one which is free to use and has no fees so that bank charges don’t nibble away at your account’s funds. You can compare free debit cards right here with Savvy to find out about all the new features available and to work out which type of free debit card will best suit your spending needs.
Yes – free debit cards are now widely available in Australia and are often issued as a standard when a new bank account is opened. When a bank says a debit card is free, it usually means there are no annual fees, monthly account-keeping fees or other obvious fees attached to that card. This makes them a less expensive alternative to credit cards.
However, a free debit card doesn’t necessarily mean that using the card is fee-free in all circumstances. This is why it’s so important to shop around and find a debit card that is suitable for your needs. The most suitable debit card for any individual is one that fits in with your normal spending pattern, which is why it’s crucial to compare your debit card options with Savvy to find out which one may offer you the most benefits at the lowest price.
You shouldn't choose your debit card solely based on the fact that it's free. Before deciding which debit card is right for your needs, some of the features you should consider when comparing with Savvy are:
Rewards and benefits
There are now many different rewards and benefits on offer with debit cards. These can include:
When choosing a debit card, think about whether you’ll actually use the rewards offered and find a card that fits in with your regular spending pattern. Make sure the subscriptions you do accept have no annual fees you’ll have to fork out for in future years.
Security features
It’s important to think about the security features which come with debit cards. Make sure you get one that can be quickly locked using online banking or a mobile app in case it’s lost or stolen. It’s important to have 24/7 access to a card locking feature to prevent your funds from being stolen, rather than relying on a phone hotline that may only operate during business hours.
In addition, check your card’s fraud reimbursement rules. If your card is stolen and used illegally to steal your money, most banks offer to reimburse the funds which were stolen. It’s important to make sure you know what the limitations of this protection are.
Purchase protection
Another benefit of using a debit card to buy goods is that many offer purchase protection on the items that you buy. This protection can include:
Fee-free ATM networks
If you’re going to be withdrawing cash frequently, it’s important to consider what your debit card provider’s ATM network looks like. Depending on who you bank with, you may have access to a wide range of machines from which you can withdraw your funds without incurring a fee. However, this won’t always be the case, as there may be some situations where you're required to pay a fee to use certain ATMs. As such, it’s worth comparing this between card providers.
Yes – just because a debit card is advertised as free doesn’t mean that you won’t be charged to use it in certain circumstances. Some of the potential costs include:
Surcharges
Some retailers, particularly restaurants and cafes, charge a surcharge for using a debit or credit card to pay using EFTPOS. A surcharge is an additional payment on top of your standard bill which covers the retailer’s costs of accepting card payments. For debit cards, this will generally sit at around 0.5% of your transaction or lower but can reach over 2% for certain cards.
Under the Competition and Consumer Amendment Act 2016, retailers are only permitted to impose a surcharge to cover the actual cost they incur from their bank. This bill was introduced to prevent excessive surcharges which were common in the airline industry at the time.
The Act covers all payments by EFTPOS using Mastercard and Visa debit and credit cards. However, it doesn’t cover payments by BPAY, PayPal, Diners Club cards, American Express cards or cheque payments.
Overseas currency conversion fees
If you use your debit card overseas, you may incur both overseas transaction charges and currency conversion fees. These international fees are charged if you pay for something in another currency and can range from 1% to 3% of the value of the transaction, which can make using your debit card overseas quite expensive.
In addition, if you use an international ATM which isn’t affiliated with your bank, you can also incur substantial withdrawal fees if you aren’t careful. Make sure you’re familiar with the overseas costs of using your debit card if you plan to travel.
Overdraft fees
In most cases, if you try to make a transaction that would put your bank account balance into the negative, it would instantly be declined. However, due to delays in processing payments, a transaction can sometimes be approved which results in an account becoming overdrawn. If this happens, an overdraft fee can be charged, which can be as high as $30 to $50.
When it comes to comparing debit cards through Savvy, you won't have to pay anything to use our handy service.
You can compare offers online at any time, no matter where you are, from your phone, computer or another device.
We partner with reputable Australian banks and institutions to help you choose with more confidence.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
