Looking for the very best travel money rates when buying your holiday money? Read our top travel money tips to make sure your travel money savings are maximised.
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Top Tips to get the Best Travel Money Rates
Consider how you pay for your Travel Cash to get the best fee inclusive Travel Money Rates?
Check any additional charges that may apply when buying foreign currency using particular payment methods. Currency suppliers may incur higher costs for processing travel money transactions from credit card companies than debit card suppliers or when bank transfers and cash is used to purchase holiday cash. They may pass these charges on to you.
Is it better to collect your holiday money or have it delivered to get the best Travel Money Rates?
If you collect your travel money in person it is often cheaper, particularly if your foreign currency purchase is modest (many currency companies only charge a delivery fee on smaller currency purchases, typically under £500). Doing it in person gives you the opportunity to pay with cash avoiding any credit/debit card charges but don't forget to take your time and travel costs into consideration. Also you may wish to avoid the security issues involved with carrying a lot of cash around.
What protection is there when buying travel money?
Unlike deposits with banks and building societies, foreign currency purchased with bureaux de change are considered to be selling you goods so travel money is not protected by the Financial Services Compensation Scheme and if the company goes out of business the FSCS will not compensate you.