David Allan

Expertly compared by David Allan

Products Updated June 19, 2019

Cheap Travel Money

If you’re preparing to jet off on an exotic holiday or important business trip, one of the most important things to organise before you leave is travel money and currency. Our money experts have chosen and compare their best choice currency providers. Click apply to order your currency direct with the provider.

 

7 providers expertly compared:

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All credit types
Rated 4.8/ 5

Post Office Travel Money

Online Orders
£400 - £2,5000

Delivery costs
£4.99, Free for £500 plus

The euro rate

The US dollar rate
1.291

Post Office offer up to 80 currencies available from Australian Dollars to Vietnamese Dong. If you order before 3pm on a working day to get next working day delivery to your home or pick up from your nearest branch. They will also offer to buy back any currency that you don't use.

7 providers expertly compared:

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All credit types
Rated 4.6/ 5

H&T Finance Travel Money

Online Orders
£100 - £2,500

Delivery costs
N/A

The euro rate

The US dollar rate
1.288

H&T Finance offer currency for pick up only from over 180 stores nationwide. Whether you are going on holiday with family or travelling abroad for business make sure you get the most for your money with H&T. Their rates are amongst the most competitive on the high street and online.

7 providers expertly compared:

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All credit types
Rated 4.8/ 5

Moneycorp Travel Money

Online Orders
£10 - £5,000

Delivery costs
Not Available

The euro rate

The US dollar rate
1.287

With Moneycorp you can order your travel currency for branch collection or secure it on their explorer multi-currency Mastercard. Buy travel money from the currency exchange experts online today.

7 providers expertly compared:

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All credit types
Rated 4.7/ 5

eurochange Travel Money

Online Orders
£1 - £2,500

Delivery costs
£4.99 or FREE on £500 plus

The euro rate

The US dollar rate
1.298

Whether you're buying currency for your next trip or selling back what you brought home eurochange can help. Choose from over 70 currencies, commission free. Click & Collect at our 175 branches nationwide or choose next day home delivery.

7 providers expertly compared:

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All credit types
Rated 4.8/ 5

Sainsbury's Bank Travel Money

Online Orders
£1 - £4,500

Delivery costs
£4.99 or FREE on £500 plus

The euro rate

The US dollar rate
1.284

With Sainsbury's you can buy your currency in store or collect your online or phone order from any of over 250 Travel Money bureau at no extra extra cost. Better exchange rates available for Nectar card holders on all foreign currency purchases. Note that exchange rates may vary depending on if you order in store online or by telephone.

7 providers expertly compared:

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All credit types
Rated 4.7/ 5

Travelex

Online Orders
£100 to £4,999.99

Delivery costs
Under £299.99: £3.95 Between £300-£499.99: £1.95, free on £500+

The euro rate

The US dollar rate
1.256

Travelex are here to help make getting your travel money simple, leaving you with one less thing to think about before your next trip away. All you need to do is to order your currency online with us and you’ll lock in our best rate of the day!

7 providers expertly compared:

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All credit types
Rated 4.8/ 5

WeSwap Travel Money

Online Orders
£350 - £2,500

Delivery costs
£6.50, FREE for £750 plus

The euro rate

The US dollar rate
1.304

We simply swap your money with other travellers, so you get cheaper rates and more to spend. There are no middlemen, no unclear charges, no hidden fees or shocks when you get home. You can load your card in minutes and get spending anywhere - or swap to up 18 different currencies before you go - and track it all on the app.

All you need to know about buying travel money and currency

Holiday money explained

Holiday money explained

If you’re preparing to jet off on an exotic holiday or important business trip, one of the most important things to organise before you leave is travel money and currency. There are loads of different forms of travel money that you can take with you abroad and many different rates available for these.

The majority of travellers are in the dark when it comes to knowing how to get the best value when buying travel money and currency. Many put a lot of time and effort into researching the best flight and hotel deals for a trip, but often don’t put the same thought into buying travel money and currency.

To help you know how to get the best deal, used this guide to learn more about buying travel money and currency.

Exchange rates

When it comes to buying travel money and currency, exchange rates are vital to getting the best value for money. The exchange rate is how much one currency is worth at any given time in terms of another.

The exchange rate changes constantly, and the majority of the world’s currencies are determined by the foreign exchange market and change depending on supply and demand. These rates are affected by a number of factors including the current trading relationship between two countries, inflation, interest rates, current account deficits, political stability, public debt and terms of trade.

It is essential to keep an eye on the exchange rate when thinking of buying travel money and currency. While even the most experienced financial experts struggle to estimate how exchange rates will change, being aware of them can help you to get the best deal.

Different forms of travel money

Travel money and currency are available in a range of different types, and how you purchase your travel money can make a difference to the deal you get and how you spend your funds while you’re away. Here are the most popular forms of buying travel money and currency.

Cash

Many travellers bring their foreign currency abroad in the form of cash, and it is a popular option as you always know exactly how much you are spending. Often it is essential to carry some cash on you while on holiday to pay for things like odd snacks or bottles of water, taxis and tips.

It isn’t advisable to carry large amounts of cash on you while away as it can be unsafe and a target for theft or get easily lost. Most travel insurance policies only cover cash up to a certain amount, so if the worse was to happen your funds may not even be protected.

Pre-paid cards

Pre-paid travel cards are a popular choice

Pre-paid travel cards are a popular choice

Another popular alternative to carrying cash abroad is to get a pre-paid travel card. They are simple and easy to use; you just load the amount you want onto the card before setting off on holiday and then spend on it as if it is a debit or credit card. These cards are great for sticking to your budget because you cannot spend more than you pre-pay. It is also possible to load multiple currencies onto a pre-paid card which is great if you are planning on travelling to various countries.

The main downsides of buying travel money and currency on a prepaid card are that you will often be charged for withdrawing the funds as cash from an ATM, and also for topping up the card with additional funds.

Traveller’s Cheques

This form of buying travel money and currency is becoming less and less popular over the years as it is not the most convenient or widely accepted option. Traveller’s cheques are pre-printed cheques for a fixed amount that are used to pay for things in shops while abroad or can be exchanged for cash in the foreign country.

Using traveller’s cheque for buying travel money and currency is often more expensive than cash or pre-paid cards as you need to pay an additional fee to purchase them and then usually pay a commission when spending them.

When to buy travel money

Often travellers leave buying travel money and currency to the last minute, which makes getting the best value a difficult task. You have no control over that day’s exchange rates, leaving you no choice but to accept whatever price it happens to be at that time.

It is always worthwhile spending some time checking the exchange rates every few days for a while before your trip; this will give you a decent idea of what a reasonable exchange rate looks like for the currency you need. When the exchange rate seems good you can usually purchase it online and lock-in that rate for a period of time; if the rate gets even better you can cancel your order and get an even better rate.

Where to buy travel money

You can purchase travel money and currency from a range of places, and some will be offering better deals than others. Many companies allow you to purchase travel money online and arrange a delivery or collection, or you can visit a bureau de change or bank on the high street. The post office has its own travel money service, as do most travel agents.

Travel money can also be purchased at airports. However, this is almost always much more expensive than the alternatives if you really have no choice but to get travel money at the airport, pre-order it online for collection to get the best rates.

FAQ's

How quickly can I get my currency?

If you have opted to have a home delivery then it may take a few days. Some providers have the option of a next day delivery if you need it quickly. Some providers compared here also offer pick up from their local branch if you need it sameday.

Are these rates the same as on the highstreet?

No, these rates will be better than what you will find on the highstreet.

How do I know which is the best exchange rate?

Use the comparison tool above to see which providers offer the best exchange rates.

How can I trust I'll get my currency?

All the providers listed here are well known and reputable currency providers.

We are independently reviewed by our verified customers and web users:
Rating: 4.6 / 5 with 29 votes

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