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Automated Banking Machines/Banking

Travel Forums Australia / New Zealand & The Pacific Automated Banking Machines/Banking

1. Posted by funfrus (Budding Member 20 posts) 11y

funfrus has indicated that this thread is about Australia

If i use interac in australia, does it automatically convert my money from whatever currency it's in (canadian or american) and give me aussie money? can anybody shed some light on the best way to go about handling money over there between melbourne and Alice springs(the remote stretches). Plus i don't particularly want to open an account over there if i can avoid doing so. Any advice would be fantastic.

Shane

2. Posted by Sam I Am (Admin 5588 posts) 11y

I'm not quite sure what interac is, but if you mean taking money out of an ATM machine and it automatically deducting it in USD/CAD back home, yes, that's the case. You just select the Aussie dollar amount and your bank sorts out the other stuff (if your card is accepted obviously).

Between Melbourne and Alice Springs there's not necessarily nothing. Between Adelaide and Alice there's little, but most towns/villages on that road will have an ATM. Everyone has to have access to money somehow :)

3. Posted by tway (Travel Guru 7273 posts) 11y

We call a debit card an Interac card here. I don't know why...

Funfrus, yup, you stick in your Canadian Interac card in and out comes money in the currency of whatever country you're in. Your bank will calculate the exchange rate and deduct the amount from your account. Watch out for the fees though. Take out a good chunk at a time, or use a credit card instead. You can't use Interac cards at a store like you do at home, though. Only at a bank machine.

4. Posted by maba (Inactive 227 posts) 11y

All of the above is good advise. ATM are everywhere but still have some cash just in case. Enjoy oz..

5. Posted by james (Travel Guru 4136 posts) 11y

Yep, ATMs are everywhere.

ALos, you can pay for a lot of purchases using the EFTPOS facility (electronic funds payment at point of transfer) such as supermarkets, etc. You can also withdraw cash at the same time/same transaction.

So you can go into a supermarket and walk out with groceries AND money

6. Posted by tway (Travel Guru 7273 posts) 11y

Quoting james

Yep, ATMs are everywhere.

ALos, you can pay for a lot of purchases using the EFTPOS facility (electronic funds payment at point of transfer) such as supermarkets, etc. You can also withdraw cash at the same time/same transaction.

So you can go into a supermarket and walk out with groceries AND money

I'm not sure you can do that with a debit card from outside the country. I can pay right at the store here at home with my debit card, but I was unable to do that in New Zealand. I could only withdraw money directly from an ATM.

Mind, that was a few years ago - maybe things have changed. Although I expect that, even if you can pay at the store with a Canadian-issued debit card, the fee would be astronomical...