Qantas Cash users will now wait only one business day for their funds to clear with the introduction of electronic bank transfers.
Replacing the POLi system, customers can now send funds across from their regular bank account to the Qantas Cash facility, with access to the money via Qantas Cash on the following morning.
That’s particularly useful if you’re jetting off on a last-minute business trip or need access to a little extra cash when abroad.
Your Qantas Cash bank account details can be found by logging in and selecting ‘Card & Personal Settings’, followed by ‘Unique Payment Details’.
The existing reload limits still apply, which sees travellers able to top up their accounts with amounts between $50 and $20,000.
There’s also the option kick start a foreign currency reload through the Qantas Cash website, where you’ll be able to get an exact amount in Aussie dollars to transfer from your bank.
Both the desktop and mobile versions of the Qantas Cash website support electronic funds transfers for foreign currency purchases, although it’s not yet available through the Qantas Cash mobile app.
Customers using the app could switch to the Qantas Cash mobile site when stocking up on foreign dosh, or could simply transfer an amount from their bank account and assign it to a particular currency later on.
To enjoy overnight clearance, bank transfers should be made by 2pm Sydney time – anything send across later in the afternoon could take an extra day to process.
BPAY remains a reload option, although it may take 2-3 business days for funds to appear in Qantas Cash.
That’s particularly slow if you’re heading away for the weekend – boosting your balance by bank transfer on Thursday at lunch time would see the money arrive on Friday morning, ready to spend on Friday night and beyond.
Using BPAY during that same lunch break might have you waiting for your money until Tuesday morning in the following week, which is a little slow.
Like BPAY, reloads completed by bank transfer are fee-free, unless your own bank levies a charge.
For more on Qantas Cash, and how it stacks up:
- Qantas Cash travel money card: what you need to know
- Travel money cards compared: Qantas Cash vs Virgin Australia Global Wallet
- Three quick tips for using your Qantas Cash card
- Earning Qantas Frequent Flyer points without a credit card
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