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Your new Travelex passport to easy overseas cash access
While they have long been an essential item in the suitcase or backpack for Australians heading overseas, travellers cheques could soon be a thing of the past following the release of a new service.
Adelaide Bank and Travelex have launched the Cash Passport Debit card which offers a new level of convenience and security when accessing funds overseas.
The Travelex Cash Passport Debit card, preloaded with Australian dollars, enables travellers to book flights and accommodation online, spend their holiday money at more than 24 million Visa merchants and access cash from more than one million Visa ATMs worldwide.
Adelaide Bank’s Chief General Manager Banking, Stephen Small, said the new Travelex Cash Passport Debit card negated the need to carry travellers cheques, ATM cards and credit cards when overseas.
“It really is far more convenient to be able to securely access the cash you need when overseas with just one card,” he said.
“This means no longer having to worry about carrying personal identification or finding a bureau de change in an unfamiliar city to cash a travellers cheque.
“Accessing cash is so much easier, with the card allowing you to withdraw funds from a Visa ATM, pay for goods and services over the counter or via the telephone or Internet almost anywhere in the world.”
Travellers can purchase a Travelex Cash Passport Debit card from any Adelaide Bank branch, preloading it with what ever amount of funds they choose.
Travelex’s Graham Perry said being a debit card, rather than an ATM or credit card, Australian travellers could better manage their spending when overseas and avoid the holiday hangover of a large credit card bill when they returned home.
“It’s important to be able to have control over your money and your spending when overseas,” he said.
“Using the Travelex Cash Passport Debit card means you’re not tempted to access your life savings via your traditional ATM card and, unlike a credit card, you don’t arrive home to that often nasty and large credit card bill.
“There are no post-holiday blues with this card. Aussies love their holidays, making some four million overseas trips annually. Travel is the number one reason for saving in Australia and the card makes sticking to those budgeted savings much easier.”
Report by The Mole
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