Headquartered in New York, Travelex first opened for business in 1976 in London, offering foreign exchange currency services to retail customers. Today, Travelex is one of the leading independent foreign exchange, money transfer, and international payment service providers, delivering financial services to 37 million retail and corporate clients through its 1,500 stores and 1,250 ATMs in 28 countries. Travelex also offers cash and prepaid cards to customers looking for foreign currency travel solutions or an easy way to make purchases while on the go.
Offer help to negative reviews posted on Trustpilot
Active social media presence on platforms including Twitter and Facebook
1,100 ATMs in both on-airport and off-airport locations
Price Promise – If you find a cheaper overall price elsewhere, Travelex will refund the difference
Travelex Money Card grants access to free Wi-Fi and offers no added charges on cash withdrawals
Calculator available to estimate travel money
Customer bonuses including discounted National Theatre tickets
Collection available in just 4 hours
Details must be inputted manually for each transaction
Unreliable mobile app
Lack of transferable locations in Africa and Asia
Travelex makes it easy to acquire foreign currency, send money abroad, or make payments through its secure online system, and provides access to the best foreign currency exchange rates, forex currency specialists, and numerous locations across the globe. The company specializes in helping retail customers find currency through its 1,500 stores and 1,250 ATMs in 28 countries. Individuals can pre-order currency online, over the phone with a Travelex currency specialist, or in person.
The Travelex money service and international payment services give individuals the ability to send money at a low, flat fee or completely fee-free, depending on the amount of money being sent. Customers can make one-time or recurring payments through Travelex and can also purchase forward contracts to lock in favorable exchange rates. Customers have access to Travelex foreign exchange specialists 24 hours a day, five days a week.
Customers can purchase the Travelex prepaid currency card (the Multi-Currency Cash Passport™ Prepaid MasterCard®), which gives them access to up to five different currencies at the same time, on the same card. This allows customers to travel to multiple countries without the need to obtain currency in each location, and also helps customers to lock in a favorable exchange rate and avoid fluctuating rates. The card also comes with the Travelex emergency service, available 24/7 to card holders.
Currently, Travelex currency card holders planning to travel outside the United States can pre-pay for euros, British pounds, Japanese yen, Canadian dollars, and Australian dollars.
Travelex provides a range of foreign exchange transfer and international payment services to businesses and enterprises, and maintains a number of strategic relationships with financial institutions, retailers, travel agents, and airport operators to offer business customers a variety of foreign exchange services. The Travelex currency services include more than 1,500 North American financial institutions, a stock of more than 80 foreign currencies, and a global network that enables the company to move currency quickly when needed.
Travelex provides its business customers with a range of foreign exchange services to make obtaining or sending currency simple and convenient. Its CashPaxTM and Cash PassportTM services allow customers to simplify currency transactions in a timely manner. Its CashPaxTM service is a pre-packaged grouping of currency, including a range of banknotes and coins, while the Cash PassportTM is a pre-paid currency card that allows customers to make purchases on the go. Both services are offered in euros, British pounds, Canadian dollars, Japanese yen, and Australian dollars. The CashPaxTM is also offered in Mexican pesos.
Originally opened in London, Travelex is now based in New York, where it provides its foreign exchange currency services and bill payment solutions to over 37 million individual and business customers worldwide. The company delivers its services through its 1,500 stores and 1,250 ATMs in 28 countries. Travelex also offers pre-packaged cash and prepaid cards in a number of currencies.
Travelex has partnerships with Western Union and OzForex, and sources and distributes FX banknotes for a number of central banks and financial institutions around the world. In 2013, the company reached over 10 million Travelex ATM transactions.
Excellent exchange rates | No transfer fees | Thousands of 5 star reviews
Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure
OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
One-off payments | Regular payments | Great rates | Safeguarded customer funds
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.
We check all rates regularly and this quote is an actual quote of the average from UK banks for this past month. It includes all major and some smaller banks. Bank of Scotland, Barclays, Co-operative Bank, HSBC UK, Halifax, Lloyds Bank, Monzo, NatWest, Nationwide, Santander GB, Starling Bank- tracked every month. For more information on how the price comparisons are calculated, see our IMTI page.
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