Interest rate announcement: 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 15 October 2026. From 15 October 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

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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 $10,000 per day. Visa card transactions have a daily transaction limit of the available balance of the account.

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