Travelex Money Card (2024)

FAQs

What is the disadvantage of travel money card? ›

Cons of Travelling with a Travel Card

Fees: There may be fees associated with certain travel cards¹. These can range from fees to load and reload your card, purchase fees, issue fees, and fees when you decide to cash out any remaining balances.

The average Travelex review on Trustpilot is 4.4 stars, with 74% of reviewers rating it 5 stars (from 13,813 users on 27 January 2023). The most common complaints were about the poor exchange rates and issues with unhelpful customer service.

The quickest and easiest way to check your balance is in the Travelex Money app – find out more here. You can also check your balance, view your transaction history, get a PIN reminder and move money between currencies as soon as you've registered your card in My Account online, as well as by calling Card Services.

The maximum per transaction is AUD$800, or equivalent of foreign currency. The maximum amount you can withdraw is also linked to your daily bank withdraw limit. Unlike purchasing from Travelex online, our ATMs do not have a minimum transaction value of $50 AUD.

With a travel money card, you can withdraw funds from an ATM without incurring interest or cash advance fees. Travel credit cards don't usually hold foreign currency but offer perks such as international buyer protections, free insurance, airport lounge access and frequent flyer travel points.

Prepaid travel cards offer a level of security that cash simply can't match. If you lose your card or it's stolen, you can block it, safeguarding the funds. Many card companies also offer quick card replacement services or can provide emergency cash, which can be a lifesaver when you're in a foreign country.

The Travelex Money Card is a multi currency card that can be used in most countries around the world. Widely considered the best travel money card for overseas travel, the Travelex Money Card can be used in the US, Europe, Japan, Canada, Hong Kong, Singapore, Japan, New Zealand, and many more countries.

Both cards are intended for foreign currency spending when you travel or shop online. Wise cards support 40+ currencies, while Travelex has 10. Travelex lists few fees, but uses an exchange rate markup, while Wise uses the mid-market exchange rate and splits out the costs of currency conversion.

Formerly part of now-defunct Finablr, Travelex's fortunes quickly turned due to the coronavirus pandemic and a cyberattack that forced it to temporarily disable its systems. It then went through a pre-pack administration that led to more than 1,300 job losses and saw its creditors seize control.

Does Travelex charge fees? ›

At Travelex, we offer you $0 commission and a competitive market exchange rate when you buy foreign currency from us online, whether in cash or our Travelex Money Card. These online rates are our exclusive online rate and are not available in-store.

After you have registered your Travelex Money Card within the Travelex Money App, it will prompt you to add your Travelex Money Card to your Apple Wallet through a link within the app home screen. Follow the on-screen instructions and they will guide you through the whole process.

Travelex has better online rates than your bank so you can lock in a good initial loading rate and save. Plus they don't charge you ATM fees while you're overseas. Unfortunately, all of these conveniences comes with a high price tag.

Travelex in the USA

You'll find us in hundreds of locations across the USA, and you can either visit our store locator to find your nearest one or take a look at our list of stores by state for more details.

What is a travel money card? A travel money card (sometimes referred to as a prepaid currency card) is a global multi-currency card that's not linked to a bank account. Like a debit or credit card, travel money cards can be used to make purchases in stores, online, and to withdraw cash at ATMs while travelling.

Some cards even charge a monthly fee, and fees for every transaction, which can soon mount up. It can't be used in certain circ*mstances - Places that require a security deposit - such as car hire firms or hotel bookings - don't usually accept prepaid cards. Some petrol stations might also refuse prepaid cards.

There are no charges when using your card in retailers in the country of the currency on the card.

But travel card also scores over credit cards in certain points: The foreign exchange rate is locked once your Forex Travel card is loaded. Whereas credit cards use the real-time rates of exchange during the transaction. It actually can affect your travel budget significantly as the rates are out of your control.