Virtual Cards are a streamlined travel and procurement management solution, which provides large businesses the ability to take advantage of extended payment terms, transaction level payment security, and transaction level data through the deployment of single-use virtual cards.
Last product change: 01 Oct 2025
Last checked: 01 Oct 2025
| Billing Frequency | Details | |||
|---|---|---|---|---|
| International Transaction Fee | Transaction | Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance charge will also apply. Also applies to purchases while the accountholder is overseas, or while they are in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas. Please note additional fees may be charged by the overseas merchant. | ||
| Cash equivalent items or cash substitutes cash advance charge | Purchase | While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Virtual Cards for a cash equivalent item or cash substitutes. Cash equivalent items or cash substitutes include the purchase of travellers cheques and foreign currency, e.g. Travelex, as well as online gambling, e.g. Sportsbet, Pokerstars, Online Lottery and TAB. | ||
| Annual Fee per card | Periodic | $120.00 | P1Y | The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established between anniversary dates, a prorated fee is applied for that year. |
| Additional Cards | Unlimited cards Card numbers are generated dynamically for each payment that is made, with an unlimited number able to be created. No physical card is issued on this account. |