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Reviews

1.8

289 reviews
5
(28)
4
(18)
3
(18)
2
(32)
1
(193)
  • Transparency
    2.2 (9)
  • Competitive Exchange Rate Yes (3) · No (13)
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Can't Believe the Commonwealth Bank is So Useless

published
Not happy

Not happyWest Launceston

  • 2 reviews

A rip off!!

published

We won't be using this card again...an absolute rip off and daylight robbery when we went to transfer our holiday money back into Aus dollars, get your cash out and exchange at the airport BEFORE you get back to Aus!!! CBA push this service but don't make it clear the cost of retrieving your OWN money!!

Peter B

Peter BSydney

Terrible product - expect better from CBA

published

Terrible exchange rate.
Then approx $3 CBA fee to withdraw funds, then ATMs take their hefty slice.
A $200 withdrawal then costs approximately $12 in fees AFTER the terrible exchange rate!!!
NEVER again will use this product!

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Travel card expired no notification

published

I have had exactly same problem as above, Travel Card expired with money on it. and no notification although they notify about other less relevant issues. Can not get any information from my 'closed account' online except to say sorry information not available.



KirstenZ

KirstenZSydney

My experience with CBA travel card account.

published

Had EXACTLY the same thing happen with my account. It disappeared from my netbank app. 2nd Jan 2018 I'll be in the branch, and have had 3 days to get nice and angry. HAPPY NEW YEAR!

Peter J

Peter JSydney, NSW

Typical corporate greed. Bring on the Banking Review

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How typical. You have money on a travel card. Even though through Netbank I get 4 emails a week they can not send me one saying your Travel card will expire. The cord then expires and I now have to go to the branch ( how convenient for me ) and fill out a form then hopefully get have the money exchanged to AUD at a poor rate plus a fee then if I want another card then exchange at a poor rate plus a fee back.

I said just issue me with a new card with that money put back on but surprise surprise that is not possible WHY ? because this would defeat the purpose of expired cards. CBA know all about this little ploy and they make money off it. Then they wonder why there is going to be an inquiry into the banks.

CHECK YOUR EXPIRY DATE

published

Absolute rip off exchange rates!

published

Converting money to the card costs 5%. Taking money off the card costs ATM fee. Converting money back into $A costs another 5%. Complete and utter rip off! Don't do it just use your credit card.

Pierre

PierrePerth

  • 3 reviews

Do not waste your time with this card!

published
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Not happy

Not happySydney, NSW

  • 2 reviews

Disgraceful! Travellers left stranded while they do maintenance

published

Total rip off - exchange rates 6-7% worse than the fees charged using a regular key card

published

Called commbank to see if there was a way I could get less international withdrawal fees when travelling, they recommended the travel card. Travelled to Vietnam and quickly realised that the exchange rate they offer on the travel card is so bad it was charging me 6.83% more than I was previously being charged on my savings card. They've just hidden even bigger fees in the exchange rate. Huge rip off and very misleading.

richard

richard

  • 2 reviews

What a ripoff!

published

1. a $3.50 transaction fee every time you withdraw your own money
and
2. at a 10% premium on the exchange rate.

Effectively, you're better off just a credit card or even an ATM in the overseas country ( Vietnam in this case ) copping the fees and they have a more favourable exchange rate.

CBA Travel Money Card = Don't Do It.

Walton

WaltonRichmond-Tweed, NSW

  • 5 reviews
  • 10 likes

Used this card in Spain and Portugal

published
Kate

KateAdelaide

  • 2 reviews
  • 1 like

Overseas support zero

published

Poor customer service. Issue when overseas, 'validated' by one customer service person, transferred and not validated by other. Fortunately issue was not detrimental to further use of card, however could have been and the consideration/concern given was zero. Customer service person officious, lacked empathy, and really didn't care how this was affecting us.

The King

The KingSouth Australia, 5000

  • 11 reviews

Useless in Europe

published

As the title says, it would barely work in Europe and Commonwealth Bank's exchange rate was horrible. Cheaper to withdraw cash from an ATM in europe and you get better rates.
For example; I wanted 500 euro in Munich. To transfer 500 euro into my travel money card on the Commbank app, I would get a rate or 0.615 euro to $1aud. Therefore it would cost me $813 aud including withdrawal fee at the ATM. I withdrew straight from the ATM and requested 500 euro (I did NOT press yes to convert) and it cost me $776 aud including withdrawal fee.
Out of my 5 trips to Europe, this was the first time I caved in to getting a travel money card as pushed by the bank, but it'll certainly be the last.

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Would NOT recommend

published

Would NOT recommend for use in South America. In particular it wouldn't work in chile despite the numerous attempts. However it mostly worked in Bolivia and Peru.

We were also not notified that there were upgrades being performed so we're unable to use the card during peak business hours in South America. We only discovered this after numerous attempts and when attempting to book a tour. Despite the fact it was early hours in Australia it was very distressing being stuck without access to our money on numerous occasions while in a foreign country.

Unreliable

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Carm

CarmAdelaide

Lost CBA travel cards 1 month ago and still waiting on bank to replace!

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Bette

BetteMelbourne

Very important detail-they forgot to mention!

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Warning! When I tried to use my card online in Europe to purchase a flight, they forgot to mention that they would send a code to my mobile phone number, to verify my identity. My australian phone number did not work in Europe, I used local mobile providers to avoid roaming chargers. Therefore the card was useless online!!!!! Emailing me the code would have solved this issue... very frustrating.

Disappointing

published

Sounded great in the bank but only if I read the detail. Exchange rate is poor and fees are unreasonable. Commonwealth have had the privilege of using my money for years, no more, time to move on.

Page 3 of 15
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Questions & Answers

Noelia P.

Noelia P.asked

Hi, the card was used to withdraw $100 USD from an ATM in Walmart in Kentucky USA. Was charge $2.50USD by the Commonwealth, but then charged an additional $18.36 USD. So a $100USD withdrawl cost $20.86USD, About $30 AUS. Is this right? How do we avoid this.

1 answer
John
John

It was probably a private ATM. Always use recognized banks. I would suggest only withdrawing when you need cash and don’t do this often. Use the cash card to pay for as many of your transactions as possible as there is no fee for payments.

Linda

Lindaasked

Will commbank be offering $0 international transaction fees on the travel money card again this December?

2 answers
Fired Up
Fired Up

Why ask the public, who wont know, in a review forum ?

Linda
Linda

Because I cant get any answers.

jillmacc

jillmaccasked

Why would my travel cards disappear from my CommBank app and Netbank say it cannot display the cards?

No answers

Get an answer from our members

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