Learn everything you need to know about using Travel Money Oz.
Travel Money Oz is owned by the Flight Centre Travel Group and is the second largest foreign exchange business in Australia.
The Currency Shop says:
Travel Money Oz is exceptionally convenient due to their large national network of 130+ stores that are open late and on weekends.
Their exchange rates for US dollars are consistently better than any bank.
The range and stock of 60+ currencies available is brilliant
They do not charge a commision or fee however paying them using a credit card may incur more fees.
Use our comparison table to compare foreign exchange rates, fees and services of other providers.
We’re most interested in how safe it is to use Travel Money Oz, how they work and when you should use them. In this article, we’ll explore:
How safe and secure are Travel Money Oz and who owns them
How much it costs to buy currency through Travel Money Oz
Where can I buy Travel Money from them?
How to get Travel Money online
How to buy currency in-store
International money transfers at Travel Money Oz
Travel Money Oz Travel Cards
Should you use Travel Money Oz?
Travel Money Oz is owned by the Flight Centre Group which is listed on the Australian Stock Exchange. Their stock code is FLT.
Travel Money Oz does not charge a commission if you exchange currency either online or in-store.
If you use a credit or debit card online, they charge a 0.89% card handing fee. In store, there is no fee if you pay by debit card and a 0.55% fee if you use a credit card.
Their exchange rates to buy currency online are different from their in-store exchange rates.
Much like Bunnings or Officeworks, Travel Money Oz has a 'Best Rate Guarantee'. This is a fantastic offer. They will basically match any other exchange rate from a compeititor. While there are terms and conditions, if you can prove that the quote you received is relevant and current, they will match the rate.
Travel Money Oz has more stores than any other currency exchange service in Australia. Click here to locate a store
Heading into a store? Get an exclusive Travel Money Oz Offer Straight to your inbox.
LIMITED TIME ONLY - DISCOUNT CODE EXPIRES IN 7 DAYS.
Travel Money Oz lets you transfer money internationally in up to 60 currencies.
Ordering - Entering the amount of currency you need, your pick up location and when you'd like to pick it up. You'll also need to choose a payment method (either bpay or credit/debit card)
Your Details - Provide your contact and payment details.
To buy currency in-store, there are 2 steps:
Tell them what currency you need and how much. They will provide an exchange rate and a total cost
Pay in cash or by card
For purchases over $1000, you will need to provide identification.
If you are sending less than $10,000 overseas, you will be directed through Moneygram.
Related: Moneygram Reviewed
If you are sending more than $10,000 overseas, you will be directed through TorFX.
Related: TorFX Reviewed
Travel Money Oz recently released the Key to the World Travel Card
They are promoted as being “convenient and easy to carry around”. Put simply, a pre-paid travel money card acts like a cash card you can pre-load with a number of foreign currencies.
From a safety perspective, it negates the need to carry actual cash. Another advantage? Because you can pre-load foreign currency, you can also lock in a decent exchange rate.
Travel Money Oz make their version of this type of card pretty easily available – you can purchase online or at one of their stores, in-person. The exchange rate is locked in at the time you load the card.
If you do need multiple currencies, the card has a feature that allows you to keep the individual currencies in separate sections – the equivalent to having money tucked in different zips within your wallet or purse.
The card can be used at ATMS, retail outlets and for online shopping. You can find more info here from the company website here
130+ stores to visit - open late & on weekends
Order online 24/7
The promise of a Best Rates Guarantee+
Range of 60+ currencies
Offering industry first Rate Guard exclusive to customers
Card handling fees if you want to buy currency using a card online (which can be avoided by paying through BPAY)
3-5 business day wait for online orders