Changes to our
Global Wallet® partnership
Date of publish: 1 February 2021
We are winding down the Velocity Global Wallet® program. You will continue to be able to spend or perform ATM withdrawals of your funds until 31 July 2021 and redeem your funds beyond that date. From 1 February 2021, several important changes have occurred:
- Velocity is no longer associated with the Global Wallet® product
- You can no longer earn Velocity Points via Global Wallet®
- Fees apply to ATM transactions and funds redemption
Information about inactivity, redemption and other fees for that product and the Product Disclosure Statement (and information about existing product accounts) may be found on the Global Wallet website or by calling the Global Wallet® call centre on 13 18 75, or +61 2 8667 5924 from outside Australia.
Velocity has no control over the content or accuracy of information obtained via that website or the call centre.
Prior to Velocity's association with the Global Wallet® product ceasing, Cuscal Ltd ACN 087 822 455 AFSL 244116 (Cuscal) was the issuer of the Global Wallet prepaid Visa product (Global Wallet). Rêv Australia Pty Ltd ACN 117 378 953 AFSL 401610 (Rev or the Distributor) was the distributor of and managed Global Wallet for Cuscal. Velocity does not provide any financial product advice in relation to Global Wallet.