Divipay / other regional prepaid brands review

The card charges a monthly fee of AUD 135, which puts it at 420 of 422 on this measure. For comparison, bunq lists €0 a month and Wise lists £0, so the fee here is the one to weigh before opening an account.

Overseas spending carries a conversion fee of 0.95%, which ranks 123 of 258 across the brands listed here. The travel and virtual card features make the card usable abroad, but the fee still applies on top for anyone buying in another currency.

The free ATM withdrawal allowance is AUD 0, and that measure ranks 44 of 124 across the brands here. Anyone who takes cash out often should read the allowance closely before relying on the card for withdrawals.

The card is run by Weel Holdings Pty Ltd, formerly DiviPay Holdings Pty Ltd, a provider aimed at business customers and based in Australia. It was founded in 2017, so the operation is established rather than new to the market.

It is a debit card that runs on the visa network, so the money comes straight from the account balance. Spending stops when the balance does, which suits people who want a firm limit rather than a credit line.

Support runs on email and help centre, which means email and a help centre carry the load. There is no phone or live chat route listed for the account, so anyone who needs to talk to someone should keep that in mind before relying on it.

The card is built for business users, with virtual card and travel features for spending outside the home market. Personal users who want everyday banking features alongside the card get less here than a business focused provider offers.

The cost score is 2.8 and the overall score is 2.8, which places the brand near the bottom on cost. The gap comes from the monthly fee of AUD 135 and the conversion fee of 0.95% rather than from how the account works.