Macquarie debit and credit cards offer $0 international transaction fees on overseas purchases, both in-store and online.
However, additional fees and charges may apply at ATMs and for over the counter transactions.
Here are a few tips for using your Macquarie cards overseas to save on fees and charges.
This way you are benefiting from very competitive wholesale foreign exchange (FX) rates that we offer on our credit and debit cards (see below). You’ll also avoid paying what can be hefty commissions that many local merchants charge if you elect to pay in AUD.
Macquarie doesn’t charge any fees to withdraw cash at overseas ATMs using our debit card. However, please note that the ATM operator in the country you’re travelling to may still charge their own fee. We’d suggest doing some quick research on the applicable operator fees before you travel.
When using your Macquarie credit card to withdraw cash from an overseas ATM or over the counter overseas you’ll incur the following charges:
Some overseas banks or ATM providers might also charge you a processing fee. Just like in Australia, the amount of this fee varies depending on the provider. This fee may be charged in the foreign currency. For overseas cash withdrawals on our credit cards, a cash advance fee of 3% will still apply. Overseas banks and ATM operators may charge you fees for these transactions.
In addition, cash advance balances on Macquarie Credit Cards are capped at $1,000 in total. Once this limit has been reached, you must pay down your existing cash balance before you can withdraw cash again. You can view your available cash advance by following the below steps:
If you choose to make a purchase in a foreign currency, the amount will be converted into Australian dollars using the Mastercard FX Rate.
A purchase made in a foreign currency will have an approximate amount in Australian dollars displayed at time of purchase. This approximate amount will be displayed via Macquarie Online Banking and the Macquarie Mobile Banking app, whilst the transaction is awaiting settlement.
Once the transaction is finalised the transaction amount will be updated to reflect the final foreign exchange rate that has been applied.
