Top Bank Accounts To Use When Abroad

The bank account you use everyday in Australia could feel like an entirely different service while travelling overseas thanks to additional fees and fewer communication options.

While some people still get the bulk of their travel money changed before they leave or at the airport, it is always good to have a debit card handy for more financial security and in case unexpected costs arise.

The biggest drawback to using debit cards overseas is the fees that get charged for currency conversion and foreign ATM transactions.

But the following bank account options have some of the best international fees available so that you can save and keep your money secure wherever you go.

Citibank Plus Account

The Citibank Plus account is one of the few banking options that is completely fee free, with no extra cost for overseas ATM use, which means you will only have to deal with fees if a foreign ATM company charges you.

This account and also has access to the Citibank Global Network, which allows people to transfer money to any Citibank account around the world. So, for example, if you were staying with someone in America who had a US Citibank account, you could transfer money to him or her whenever the need arose without worrying about huge transfer fees.

With all of these features, and more benefits in Australia, the Citibank Plus is ideal for someone who wants to get the most out of a fee free everyday account option at any time.

ING Direct Everyday Orange Account

Another fee free account option, the ING Direct Everyday Orange does not charge any fees for transactions and ATM use in Australia.

International transactions made with this account do lead to fees, but they are significantly lower than those of other banks, with a $2.50 fee for ATM withdrawal (normally around $5) and an international purchase charge of 2.5% per transaction.

NAB Gold Banking Account

With a range of complimentary premium extras, the NAB Gold Banking account stands out as an option for travellers and savvy bankers alike. Not only can cardholders take advantage of complimentary overseas travel insurance and purchase protection, but also no bank fees for overseas ATMs that carry the PLUS symbol.

The NAB Gold Banking account does have a $10 monthly fee, but people can get this waived if $5000 or more is deposited every month.

But even if that is not an option, the $120 total could still be worth it thanks to the complimentary extras, so anyone who wants more security should definitely add this account to their comparison list.

Just like saving for a trip, spending a little time thinking about bank accounts can pay off before, during and after a trip. With these options in mind it is easier to start comparing accounts and make the best decision possible.