Choose the right debit card for you!

Debit cards are easy to use and convenient and are becoming increasingly popular across Australia. Read on for some advice on how to choose the right debit card for you.

Debit cards
Debit cards work in much the same way as credit cards. The main difference is that when you make a transaction the money is transferred immediately from your account. Debit cards are now accepted at most retail outlets and restaurants and can be used online and over the phone. They can also be used to withdraw cash from ATMs. All the major banks provide debit cards with their accounts and the two main brands are Visa and MasterCard.

Shop around
Debit card fees and the deals offered can vary considerably among the banks and other providers so it often pays to shop around. It is important to check out what is on offer from the major banks and make comparisons. It is also worth looking into smaller financial institutions and debit card providers.

Choose the right one for you
Choosing the right debit card for you depends on your needs and what you intend to use it for. While it is good to have a low fee do not just choose the one that charges the least as this may not have all the features you want. If you plan to use your debit card regularly then it is worth choosing one with the best rewards program. If you intend to use the credit card overseas then you should choose one that does not charge a high fee for doing so.