NAB rolls out Travel Tools app

BANKING institution NAB, in partnership with Visa & Canadian Imperial Bank of Commerce, has introduced a mobile banking app that utilises a device’s GPS location to automatically default to indicate local exchange rates when making transactions abroad.

‘ Travel Tools’ is available to NAB customers when using a personal banking Visa card overseas and is designed to assist them manage their money.

“Almost six million Australians travel abroad each year and we know travelling can be daunting and stressful,” said NAB exec gm Digital, NAB Labs & NAB Ventures Jonathan Davey.

“Our customers have been asking us for assistance with things like foreign exchange rates so they have peace of mind on costs and can focus on enjoying their trip,” Davey added.

The NAB Travel Tools app provides exchange rates and info for 32 currencies, spanning about 90% of countries where NAB customers travel.

It provides customers with an “indication” of the local exchange rate likely to apply when transacting using their VISA card, along with details on applicable fees that may be charged.

Other app features include a personalised welcome for customers when logging into NAB mobile banking, and help, guidance and advisory info such as access to Smartraveller, contact numbers for travel insurance claims, NAB contact details & other NAB travel related content - view a video HERE.