International fees on a debit card? 86 400 says sayōnara

By Polly Fleeting · · 2 min read
Fact Checked
Advertiser disclosure

Ever used your debit card overseas and then noticed you’ve been slapped with a build up of international fees afterwards? Take it from us, it’s not a good feeling. 

On Monday, one of Australia’s newest neobanks, 86 400, said adios, au revoir, and arrivederci to international fees for debit card customers. 

The card originally came with a 1.50% foreign transaction fee when customers shopped globally, whether that was in-person overseas or online. 

But that’s now a thing of the past!

“Aussies are worldwide spenders whether that’s on an overseas trip or online shopping while sitting at home on the couch, but often international fees slip under the radar for customers,” Mozo Director, Kirsty Lamont said.  

“So it’s great to see more and more banks jumping on board and ditching these international fees, especially when foreign exchange costs can actually really add up over time.”  

86 400 also charges no overseas ATM withdrawal fees* on its debit card either, making the neobank’s product part of only a handful of 11 bank accounts on the Mozo database that have both no international transaction and foreign ATM fees.  

But what difference do no overseas fees on a debit card actually make? 

Well, when compared with other debit cards on the market, it can actually make a world of difference. 

At the moment in our database, international transaction fees range anywhere from 0% all the way up to 3.65%, while overseas ATM fees can be as hefty as $5.50 per withdrawal!  

So after a few taps, swipes or cash withdrawals these costs can really start to stack up as you travel overseas. 

RELATED ARTICLE: ING: Carbon footprint and cost front of mind for Australia's growing 'Conscious Travellers'

*Just bear in mind, you may be subject to fees charged by the international ATM provider themselves, despite the fact that 86 400 doesn’t charge a fee of their own

Want to see how 86 400’s debit card weighs up against the rest? Check out the table below for other travel debit card options.

Travel Debit Cards 2020 - last updated 25 April 2024

Search promoted debit cards below or do a full Mozo database search. Advertiser disclosure
  • Everyday Options

    $0.00

    Apple Pay, Google Wallet, PayID

    Visa Debit

    An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.

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    Go to site
    Details
  • Everyday Global Account

    $0.00

    Apple Pay, Google Wallet

    Visa Debit

    No overseas ATM fees & up to 10 currencies in one account. Switch between currencies instantly 24/7 wherever you are using the mobile app. Receive 2% Cashback on eligible tap and pay transactions under $100. Mozo's Experts Choice 2023 winner for Exceptional Everyday Account.^

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    Go to site
    Details
  • Carbon Insights Account

    $0.00

    Apple Pay, PayID, Google Pay

    Visa Debit or
    EFTPOS

    An online-only transaction account with carbon insights available through the Suncorp App. $0 monthly account keeping fees & option to add up to 9 sub-accounts.

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    Find out more
    Details
  • Transaction Account

    $0.00

    Apple Pay, Google Wallet, PayID

    Debit Mastercard

    Earn interest on all balances. No monthly account fees. Winner of a Mozo Experts Choice Australia's Best Bank 2023^.

    Compare
    Find out more
    Details
  • Smart Access

    $4.00$0 monthly account fee if you deposit min. $2,000 per month or under 30 years old.

    Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin, Fitbit

    Debit Mastercard or
    EFTPOS

    Compare
    Find out more
    Details
  • Everyday Edge Account

    $0.00

    Apple Pay, Google Wallet, PayID, Samsung Pay

    Visa Debit or
    EFTPOS

    Enjoy $0 monthly account fees and unlimited fee-free card, phone and online transactions. Tap and pay with Google Pay, Apple Pay or Samsung Pay. Refund of overdrawn fees and international ATM withdrawal fees and international card transaction fees^.

    Compare
    Find out more
    Details

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