Looking to consider using Travelmate to transfer money overseas? Read this Travelmate Review to learn more about this service provider and if you should use them.
Travelmate was established in 2008 and offer both overseas money transfers and currency exchange. They have locations in Sydney and Melbourne CBDs.
The Currency Shop says:
- Quite competitive exchange rates
- Be aware of fees they charge
- Use our comparison table to compare online rates for exchanging currency.
What We Will Cover in this Travelmate Review:
- Fees, charges and commissions
- Payment options
- Exchange rates
- Overseas transfers
- Available currencies
- Travel Cards
- Pros and cons.
- They offer a number of financial services for all your currency needs
- Competitive exchange rates which beat rates from major banks.
- They charge a fee per dollar you exchange, and don’t waive that over a certain amount.
- They only accept cash as payment and don’t offer a currency card
- Limited locations in Sydney
Fees, Charges and Commissions
Travelmate quote that they will charge a $0.02 fee per dollar you’re exchanging. So it’s definitely worthwhile comparing exchange rates to make sure that you’re getting the best value for money. To compare the fees and charges of different Australian providers, refer to our comparison table.
When it comes to paying for currency with Travelmate Money Exchange, they only accept cash payments.
Their exchange rates in Sydney and Melbourne appear quite competitive as compared with banks and other competitors. Especially for more common currencies such as USD. You can use our live rate tracker as an indication of what the rate currently is for the currency you’re after.
Travelmate do offer an international transfer service, and online remittance. The currencies they deal in for transfers include USD, EUR, GBP, CAD, NZD, PKR, INR, BDT, PHP, LKR, JOD and AED. They offer additional currencies, but stores may charge a higher fee for any outside of this list.
Travelmate deal in a number of currencies including USD, EUR, GBP, JPY, NZD, CAN, CNY, SGD, MYR, HKD, THB and CHF. As with transfers, additional currencies may be available but will incur an additional fee. They also don’t stock some common currencies for Australian tourists such as Indonesian Rupiah.
Travel cards are not available from Travelmate Money Exchange, they deal only with cash. If you are interested in using a travel card overseas, we’ve listed some of the most popular travel cards here.