Interest rate increase – Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

Differences between card and payWave transaction

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FAQs

What is the difference between a Visa card transaction and a Visa payWave transactions?

A Visa card transaction is a transaction where the card is inserted into the merchant's card terminal. A Visa payWave transaction is a transaction where the card or mobile device is tapped onto the merchant's card terminal through contactless technology. Visa payWave have a daily transaction limit of 30 transactions or $15,000 per day. Visa card transactions have a daily transaction limit of $15,000.

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