BankVic offers two types of salary packaging cards:
1. Everyday Expenses
2. Meals and Entertainment.
The Australian Tax office governs how each salary packaging card is to be used. BankVic supports compliance with these rules by limiting the use of cards to certain merchant types however cannot provide an absolute guarantee of compliance through card restrictions alone. This benefit is the responsibility of your employer (because FBT is a company responsibility), and as the card holder, it is your obligation to be aware of what salary packaging cards can or cannot be used for. For further information please speak with your employer and /or visit the ATO website.
You can use your Meals and Entertainment Card / Entertainment Benefit Card when dining in at places such as restaurants, cafés, pubs, bistros or hotels. You can also use it at many businesses offering accommodation, transportation and travel agency services. (Please note that booking flights may be done through a travel agent but not direct through the airline itself.) You cannot use it for sustenance or refreshment. The ATO guidelines make this distinction.
The Living Expenses / Everyday Expenses Card allows you to make everyday purchases using your pre-tax salary. Broad categories include petrol, groceries, takeaway food, coffee, snacks and clothing.
There are certain goods and services that you won’t be able to use your everyday expenses card for. These include dating and escort services, firearms, betting and wagering services.
You can use your everyday expenses card to make operator-assisted BPAY payments by calling 136373 and speaking with a BankVic team member.
Transactions will be declined if
- they are made at a merchant that is from a category that is not allowed eg. bakery
-there are insufficient funds in the account
If you are unsure, it is recommended that you check with BankVic prior to your purchase to avoid putting up a manual claim or experiencing a declined transaction. BankVic will be able to answer any questions regarding what are allowed or blocked transactions.If you download the BankVic app you can check your available balance at any time when you are out and about. Simply download from the App Store or the Google Play Store.