Travelex Rate Advantage - Save On Fees (2024)

Travelex Rate Advantage - Save On Fees (1)

Exchange Back Guarantee On Foreign Currency

Get our special rate of the day when you sell your leftover foreign currency back to us

It’s not always easy to work out how much money you’ll need when you go away. With Travelex Rate Advantage, you can exchange your foreign currency back at our special rate of the day when you return.1That way you won't lose out on the value of your currency if you take more cash than you use.

Plus, as if giving you an extra special rate wasn't enough, you'll pay absolutely no commission on your return foreign currency transaction when you redeem the Travelex Rate Advantage.2

How does Travelex Rate Advantage work?

Adding the Travelex Rate Advantage to your order in store when you buy your travel money is simple and can save you hassle as well as money. Leaving you free from worrying about taking too much currency with you, because anything you might have left is already taken care of. Adding it is really simple:

1. On orders of $100 or more, add the Travelex Rate Advantage to your order for just AUD$10,

2. When you get back from your travels, we’ll change your foreign currency – up to the amount you bought from us in the first place, at our special rate.3 Remember, there’s absolutely no commission to pay. That could mean big savings to welcome you back at the end of your trip.

Travelex Rate Advantage - Save On Fees (2)

Travelex Rate Advantage benefits

Our Travelex Rate Advantage means that you can take as much currency as you like on your trip, without the worry of losing out on your dollars when you get back. And, by exchanging all of your money in one transaction before you leave, you’re likely to save money on the potential fees and charges from converting more money abroad.

Peace of mind – Take enough cash with you to cover your whole trip abroad.

Quick and simple – Just tick the box to add it onto your order at the time of purchasing (in store only).

Saves you money – Save money when compared with exchanging back without the Travelex Rate Advantage.

Travelex Rate Advantage - Save On Fees (3)

Frequently asked questions about the Travelex Rate Advantage

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  • How do you get the Travelex Rate Advantage?

    Ask to add the Travelex Rate Advantage for AUD$10 at the time that you order your foreign currency in store – as long as you’re exchanging AUD$100 or more.

  • How do you change your money back with Travelex Rate Advantage?

    All you need to do is pop in to one of our Travelex stores with your Travelex Rate Advantage receipt, your passport and your leftover foreign bank notes. Then we’ll buy your currency from you at our special rate, commission-free.

  • How long is the Travelex Rate Advantage valid for?

    You’ll get the Travelex Rate Advantage when you sell your currency back to us within 180 days of when you first exchanged your money.

  • Do you exchange foreign coins?

    We don’t usually take coins, but some stores may be happy to exchange £1, £2, €1 and €2 coins. It’s best to check with your nearest Travelex store directly.

1 For details on how this rate is calculated refer to the Travelex Rate Advantage Terms and Conditions.

2 Travelex Rate Advantage can only be purchased in store in conjunction with a foreign currency transaction with a value of AUD$100 or more (or foreign currency equivalent).

3 Amount exchanged on return foreign currency transaction cannot be greater than the amount of the initial foreign currency transaction.

Travelex Rate Advantage - Save On Fees (2024)

FAQs

Does Travelex charge fees? ›

On orders of $100 or more, add the Travelex Rate Advantage to your order for just AUD$10, 2. When you get back from your travels, we'll change your foreign currency – up to the amount you bought from us in the first place, at our special rate. Remember, there's absolutely no commission to pay.

Is the Travelex exchange rate good? ›

Travelex have a number of handy store locations including the airport - but it's not your cheapest option. Exchange rates in-store aren't as good as online unless you are doing a larger amount over $2,000 and are prepared to negotiate. Even then, they may not offer you a rate as good as their own website.

How can I save on foreign exchange fees when traveling? ›

Several options exist to help you avoid foreign transaction fees when you travel abroad.
  1. Apply for a Credit Card With No Foreign Transaction Fees. ...
  2. Get a No-Fee Chequing Account or Prepaid Card with No Foreign Transaction Fees. ...
  3. Don't Use International ATMs Without Checking the Fees First. ...
  4. Exchange Cash Before Leaving Canada.
Jun 25, 2024

What is the exchange rate commission for Travelex? ›

The applicable margin applied to the transaction amount is 5.95%.” If you're not happy with the rate offered by Travelex, or you don't want to have an extra margin of up to 5.95% added to your transactions, it might be time to find an alternative provider.

How can I avoid paying an exchange fee? ›

The following steps will help you avoid foreign transaction fees:
  1. Open a Credit Card Without a Foreign Transaction Fee. ...
  2. Open a Bank Account Without a Foreign Transaction Fee. ...
  3. Exchange Currency Before Traveling. ...
  4. Avoid Foreign ATMs. ...
  5. Ask Your Bank About Foreign Partners.

Who has the lowest fees for currency exchange? ›

Local banks and credit unions usually offer the best rates.

What has happened to Travelex? ›

On 1 July 2020, Travelex ceased its international money transfer services in the UK and abroad, which had formerly been branded 'Travelex Wire'. On 6 August 2020, the business entered administration with PwC being appointed to multiple subsidiaries within the business that day.

What day is the best day to exchange currency? ›

Typically, the least busy times of the week are Mondays, mid-week and the weekend (excluding Friday). These days have the lowest number of transfers in the week, so you might expect to see less fluctuation in the mid-market rate.

Who gives the best currency exchange rate? ›

It's always worth shopping around for a range of quotes, but an international money transfer specialist is generally the best place to exchange currency because it deals in huge volumes of money every day, meaning it has the economies of scale to offer the most competitive FX rates.

How do I avoid conversion fees abroad? ›

A good rule of thumb when traveling is to select the local currency during payment to avoid conversion fees and to use a card that doesn't charge foreign transaction fees. Cash withdrawals from international ATMs are also subject to fees.

How can I exchange currency without fees? ›

Where can you exchange currency without paying large fees?
  1. Use airport kiosks prior to leaving the US.
  2. Buy traveler's checks or foreign currency cash from your bank or credit union.
  3. Choose an online exchange bureau.
  4. Buy currency on arrival at your hotel or in popular tourist areas.

Which credit cards don't charge foreign transaction fees? ›

NerdWallet's Best No Foreign Transaction Fee Credit Cards of September 2024
  • Chase Sapphire Preferred® Card: Best for Bonus travel rewards.
  • Wells Fargo Autograph℠ Card: Best for Bonus rewards + no annual fee.
  • Capital One Venture Rewards Credit Card: Best for Simple travel rewards.
6 days ago

Is Travelex worth it? ›

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.

Does Travelex have fees? ›

Please be advised that although Travelex does not charge ATM fees, some operators may charge their own fee or set their own limits.

Is Travelex in the USA? ›

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.

Is there always a fee to exchange currency? ›

Banks typically charge either a flat fee or a percentage, such as 1% to 3% of the amount you take out at an ATM in foreign currency. Determine your bank or credit union's policy on reimbursing ATM fees so you can plan ahead. Download your bank's app ahead of time to help you locate nearby ATMs.

Do airports charge a fee for currency exchange? ›

Airport currency exchange rates are among the worst you'll find. It's not uncommon to see airport exchanges charging 14% more than the current International Monetary Fund (IMF) exchange rate. NerdWallet even found some premiums exceeding 17%. Some also charge additional fees on top of the poor exchange rate.

Does currency exchange charge fees? ›

A currency conversion fee is a charge that financial institutions or networks can impose when you convert one currency (such as U.S. dollars) into another (such as euros).

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