Virgin Velocity Global Wallet Review

Learn about the Virgin Velocity Global Wallet in this review to help you decide whether this is the card for you.

  • Reloadable Visa Prepaid Card
  • Load up to 11 currencies
  • Earn Velocity Frequent Flyer points
  • Lock in exchange rate

Pros and cons of using Virgin Velocity Global Wallet

  • Earn Frequent Flyer Velocity points
  • Lock in exchange rates
  • Inactivity fee applies
  • $10 supplementary card

Benefits of the Virgin Velocity Global Wallet

Security

  • Chip and PIN protected
  • Ability to choose your own PIN

Convenience

  • Allows you to load in foreign currencies as well as AUD
  • Access any ATM that accepts Visa – over 30 million worldwide

Savings

  • Earn Velocity Frequent Flyer points with every purchase transaction in-store or online
  • No load fees or monthly/annual account fees on active accounts

Manage Your Money

  • Global Wallet Account Centre – allowing you to manage your funds, move money to different currencies, transaction history, account balance etc.
  • Or use the Global Wallet App available via itunes or google play
  • Load money online or via BPAY
  • Move funds between Wallets at the Applicable Exchange Rate current at the time of transfer.

Currencies and Countries

Currencies Supported

  • Australian dollars (AUD)
  • US dollars (USD)
  • Euro (EUR)
  • Great British pounds (GBP)
  • New Zealand dollars (NZD)
  • Hong Kong dollars (HKD)
  • Canadian dollars (CAD)
  • Singapore dollars (SGD)
  • Thai baht (THB)
  • Japanese yen (JPY)
  • South Africa (ZAR)

 

Load Amounts

  • Minimum Load $1
  • Maximum Load $25,000

 

Transaction Limits

  • ATM Withdrawal Limit (24 hours) : AUD 2,500 (or currency equivalent)
  • POS Transaction Limit (24 hours): No limit

Fees

All prices are in AUD

Card Purchase Initial Load Reload Funds
FreeSupplementary card: $10 Free Free

 

Foreign Currency Conversion* Inactivity Fee Card Termination
3% $1 after 12 months Free

 

Negative Balance Replacement Card
Free Free

 

*Foreign currency conversion is charged when you spend in a currency that is not loaded or supported on the card

 

ATM Withdrawal Fees*
AUD Free
CAD 2.00
GBP 1.25
NZD 2.50
SGD 2.50
ZAR 20
USD 1.95
EUR 1.50
HKD 15.00
JPY 160
THB 60

*All balance enquiry fees are free for all currencies

Case Study

Dave is from the UK but is over for business in Australia for the next two years. He frequently flies home to see his girlfriend, family and friends. He also visits Hong Kong regularly too.

Dave wanted to find out if there was a way to somehow reward himself with his spending and all of his travelling. It would help if he could earn points for the amount he flies home.

What Dave didn’t realise was that he could apply for a Global Wallet through Virgin that would reward him with not only Frequent Flyer points, but no load, monthly or annual fees. He could access any Visa ATM and load money easily online or through the Global Wallet App.

Online Tools

Save time and let our online tools crunch the numbers for you.

Currency converter

Burning to know what the exchange rate is? Check today’s exchange rate on any amount.

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Travel money comparison tool

Heading overseas? Find the best rates for exchanging currency online or find a store near you.

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Knowledge centre

Learn the ins and outs of currency

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Money transfer comparison tool

Finding the best deal can be nightmare. We bring together all your options by highlighting the fees and rates.

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