You need to find the best exchange rate with the lowest additional charges, like delivery fees, to get a good deal.
Compare foreign currency deals online and in store to find which company will give you the most travel money in total.
Taking travel money with you is not the only way to spend abroad so make sure you explore all your options before your trip.
This shows how much foreign currency you can get in exchange for your money.
Travel money providers buy foreign currency at a wholesale price, meaning they can sell the currency to you at a profit. This is why there are so many different exchange rates.
This is taken by travel money providers to handle the administration of your order.
The charge is normally incorporated into the rate, so although many companies advertise 0% commission they could still be charging you by offering a less competitive exchange rate instead.
A delivery charge may apply if you buy your travel money online or over the phone. The cost varies. Some companies offer free delivery to your home address while others offer free delivery for collection from a branch or at the airport.
If you buy foreign currency with your credit card you will be charged:
Ordering travel money online and in store both have different pros and cons:
Yes, this is known as preordering and it means:
Planning in advance gives you time to weigh up the pros and cons of the different travel money options, including online cash orders and travel money cards.
If time is tight read our last minute travel guide to find out what your different options are.
Spending abroad can be costly, so make sure you compare the market for the best exchange rates available on your travel money before jetting off.