Learn everything you need to know about using Travelex.
Travelex is the largest retail foreign exchange company in Australia. They are licensed to provide currency in cash, drafts, foreign currency bank cheques, telegraphic transfers, travellers cheques and travel cards.
The Currency Shop says:
Travelex has a massive network of stores and pick-up locations making it easy to order online and collect later.
Their exchange rates are consistently better than any Australian bank.
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.
Importantly, Travelex holds an Australian Financial Services Licence (no. 2222444). You can find it here
The costs, fees and charges to buy currency from Travelex
Travelex does not charge a commission.
Paying Travelex. Do they accept credit cards?
You can pay in cash, debit card or credit card.
If you pay in cash or debit card, there is no charge. If you use a debit card, keep in mind that most banks have a daily EFTPOS limit attached to each card, so if you want to buy more than $1000 in currency, ask your bank what your limit is first.
Credit card transactions attract a fee of 1.45%. Your bank also may charge you in the form of a cash advance fee.
You can purchase the Travelex Multi-currency Cash Passport online or at your local Travelex store (excluding HSBC branches). It’s a matter of filling in an application form in-store and attaching acceptable photo identification, along with your set-up card load. Travelex then issue the card on the spot and you’re ready to use it overseas. Check the Travelex Multi-currency Passport Product Disclose Statement (PDS) for all terms and conditions to make sure it meets your needs.
Should you use Travelex?
Pros of Using Travelex
3000 pick up locations including Australia Post offices
You can order online 24/7
A large number of currencies to transfer money – 87 currencies in total
Cons of Using Travelex
1.45% card handling fee if you want to buy currency using a credit card
Let us do the hard work for you. Simply let us know which currency you want to buy and what rate you are after. We'll contact you as soon as we find a currency partner that can sell it at your nominated rate. If you have a large amount, call us on 1800 004 930
Request a call
A local consultant will call you back within one business day to help you out. Alternatively, you can call us directly on 1800 004 930.
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