cash passport

What is a Cash Passport and how do I use it?

What is a Cash Passport and how do I use it?

Have you thought about currency conversion or how much travel money to take with you on your next epic journey across the globe? There’s a much simpler way to go about taking your funds on tour with you, and that’s a Platinum Cash Passport – by far the easiest way to pay for goods and services abroad.

A Cash Passport works exactly the same way as a debit card. The balance is pre-loaded, but when you’re making purchases in your destination country, the card will automatically detect the local currency and convert the funds. A cash passport can save you money since you won’t have to buy foreign dollars or pay for offshore transaction fees on your existing credit card. Here’s what a Cash Passport can do for you and the best way to use one.

Access multiple currencies

Whether you’re backpacking through Southeast Asia or taking a train tour across Europe, you’ll be wanting to purchase mementos and food, as well as taking part in tourist activities. Many of these outgoing costs will be difficult to budget for if you don’t have your trip planned down to the minute.

Pounds, yen and baht. US, Hong Kong and Singapore dollars – it’s all a bit much to keep track of, right? A cash passport eliminates the need to keep track, as you can program your card to convert funds to any combination of 11 different currencies.

You can load up to $100,000 onto the card, and the exchange rates will be locked in from the day you load your balance. Your card will be accepted at millions of restaurants, shops, hotels and ATMs. Wherever MasterCard is accepted, you can use your Cash Passport.

Move funds easily

You can load funds onto your Beyond Bank Cash Passport and manage your accounts online, but you can also pop into a branch and do it the old fashioned way. Beyond Bank activates your card within two business hours of issue, so if you’ve left it to the last minute it’s not too late!

Once you’ve loaded funds onto your Cash Passport, they are ready to be used. If you don’t spend the entire balance, it’s just as easy to cash out – just send the funds back to your desired account using the Cash Passport card management portal.

Your Cash Passport will remain valid for up to five years, so if you’re going abroad indefinitely or frequently travel for work, you don’t need to organise another card. You can just reload money onto your existing card and get on the plane.

Stay secure

Your Beyond Bank Cash Passport has the same integral credit card security features as a standard credit card – protection through both PIN and chip ensures no devious opportunists can take advantage. Additionally, you’ll have access to 24/7 emergency assistance. Should any issues arise, the team will be available and ready to help you take the right course of action.

We commonly suggest you take a backup card (eg Visa Debit or Credit) with you when travelling. This way, in the unfortunate event of theft or misplacement, you won’t have to wait for a new card. Additionally, a free replacement card can be sent to almost any country in the world.

Wherever you go, there is always the odd place that won’t accept electronic payment. Markets and street food vendors, for example, often only accept cash. For this reason it never hurts to have some backup foreign cash on you, which Beyond Bank can help you organise. Furthermore, though our support services work swiftly in these situations, having cash for emergencies is a wise decision.

For more information on Beyond Bank’s Cash Passport, or to set one up today, give us a call or stop into a branch near you.

Beyond Bank Australia, a trading name of Community CPS Australia Ltd, 100 Waymouth Street, Adelaide, SA 5000 (ABN 15 087 651 143, AFSL / Australian Credit Licence 237856)

This information has been provided without taking into account of your objectives, financial situation or needs. Before acquiring a Cash Passport you should read the Terms and Conditions available at any branch or on our website or by calling 13 25 85 and consider the appropriateness of this product, having regard to your objectives, financial situation and needs.