03.Debit accounts - the way to go!
The number of accounts with debit facilities (Visa
or more recently MasterCard
debit) is growing, and we recommend you take up the option if available.
With a debit card, selecting credit and signing when making purchases at retailers instead of using EFTPOS, your transaction will be a Visa
transaction, and will be fee free.
If you can properly combine Visa
debit with your free transactions or rebates, you can minimise or completely eliminate transaction fees.
Most credit union and building society accounts have Visa
debit, and banks offering the facility on many accounts include: ANZ
, Adelaide Bank
, St George/ Bank SA
, BankWest, Bendigo Bank, Elders Rural Bank, HSBC, Suncorp
. Check the debit facility is available with the account you want.
Some institutions offer MasterCard debit, they include BankWest