Travel Money Oz Review

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 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.

 

Click Here To Compare Travel Money Exchange Rates

 

What we will cover

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?

 


Receive 4 Money Saving Emails About Currency Exchange

 

 

How safe and secure are Travel Money Oz and who owns them

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 is very safe. Being one of the largest currency exchange companies in Australia, they have a robust compliance and privacy policy.

 

How much it costs to buy currency through Travel Money Oz

Fees and Commissions

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.

Travel Money Oz Exchange Rates

Travel Money Oz consistently has better exchange rates than the Commonwealth Bank, NAB, ANZ, Westpac or Travelex for US dollars. Outside of US dollars, it varies. 

Their exchange rates to buy currency online are different from their in-store exchange rates.

Related: Travel Money Exchange Rate Comparison Table

Best Rate Guarantee

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. 

 

Where can I buy Travel Money from them?

Travel Money Oz has more stores than any other currency exchange service in Australia. Click here to locate a store

Available Currencies

Travel Money Oz lets you transfer money internationally in up to 60 currencies.

 

 

How to get Travel Money online

To buy currency online, there are 2 steps:

  1. 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)

  2. Your Details - Provide your contact and payment details. 

 

How to buy currency in-store

To buy currency in-store, there are 2 steps:

  1. Tell them what currency you need and how much. They will provide an exchange rate and a total cost

  2. Pay in cash or by card

For purchases over $1000, you will need to provide identification.

 

International money transfers at Travel Money Oz

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 Cards

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

 

Should you use Travel Money Oz?

Pros of Using Travel Money Oz

  • 130+ stores to visit - open late & on weekends

  • Order online 24/7

  • Commission-free

  • The promise of a Best Rates Guarantee+

  • Bank-beating exchange rates

  • Personal account manager            

Cons of Using Travel Money Oz

  • 0.89% card handling fee 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

 

Do you still have more questions?

Talk to a local consultant

Call 1800 004 930