Best Travel Money Guide for Avid Travellers
If you’re an avid traveller, you’re going to need to know the best travel money tips and advice to ensure your money goes further when travelling.
From knowing the best exchange rates, to dealing with multiple currencies and deciding which travel money provider to go for, this travel money guide will show you everything you need to know.
Travel money tips for avid travellers
Below you’ll find the best travel money tips for avid travellers.
Check the best exchange rates before you buy your money
Before you commit to purchasing your travel money from a certain provider, ensure that you’ve thoroughly checked the best exchange rates beforehand.
If you’re travelling to a Eurozone country, you can do this online at best Euro exchange rate using the comparison table to find out which travel money provider offers the best rate.
Consider how you want to carry your travel money
When it comes to getting your travel money, you need to consider exactly how you want to obtain it.
Cash is arguably the most popular method of taking your travel money abroad with you as it’s quick and convenient. However, it can also make you more susceptible to theft or loss.
Pre-paid travel cards are another popular way of carrying your money. You simply upload the amount of money onto the card, in the currency you want (many cards allow you to add up to 15 different currencies at once) and then you can spend it like a normal debit or credit card.
Traveller’s cheques can also be used to carry travel money with you but they’re becoming increasingly unpopular nowadays due to the rise in popularity of travel cards.
They’re also slightly inconvenient and can be a hassle to use in many places as you often have to exchange them for cash anyway.
Shop around for the best deal on your travel money
Before you commit to a travel money provider, you should also shop around for the best deal.
This doesn’t always necessarily mean the provider that offers the best travel exchange rate, but also the one who offers 0% commission and low to no credit card fees when you buy your money.
Beware of credit card fees
Furthermore, when buying your travel money, you should try and avoid using your credit card to purchase your money where possible.
You’ll often be charged extortionate credit card fees from many travel money bureaux so try and pay with cash or debit card instead.
Debit cards come with no additional fees as you use your card to purchase the money just like you’d use it to withdraw money from an ATM.
Try and negotiate for the best deal
Currency exchange rates can fluctuate on an almost daily basis, meaning that it’s important to shop around for the best deal so you can get the most value for money on your travel money.
Even when you think you’ve found the best travel money provider, you still might want to negotiate with them to try and get a better deal for your currency. BestMoneySaver specialises in money savings tips for the UK.
Best travel money providers
There are countless travel money providers available, all claiming to offer you the best exchange rates and most convenient money transfers, all the while waiving credit card fees and offering 0% commission.
However, while some of these claims might be true, it’s still hard to know which travel money provider is the best one for you. Check out the list below for our recommendations on the best travel money providers.
Tesco Bank are one of the leading large chain supermarkets who will offer you the best exchange rate for your money. They also offer a vast range of currencies that you can exchange.
- Over 300 Tesco in-store travel money bureaux nationwide
- Free home delivery on orders over £500
- Free collection at any Tesco travel money bureau
- No credit card fees
- 0& commission on foreign currency
The Post Office have long been one of the UK’s leading providers in travel money, especially in Euros.
- Collect your order within 2 hours from your nearest Post Office branch
- Maximum order of £2,500
- Competitive exchange rates offered, especially on Euros
- Convenient Click and Collect service
- Free home delivery on orders above £500
Along with Tesco, Asda Money are also one of the leading providers in travel money.
- Over 50 currencies available for exchange
- Free home delivery on orders over £500
- Click and Collect for free in nationwide Asda stores
- Next day delivery available from just £4.95
- Pre-paid currency card available in 7 currencies
Travelex have over 1,500 stores across the UK and are one of the leading providers in travel money for avid travellers.
- Locations in over 100 airports across 26 countries, making it incredibly easy to buy your travel money in many places across the world
- Free collection at Travelex Money bureaux
- Free home delivery on orders over £600
- Choose between cash and the Travelex Money Card
The Debenhams exchange rate is very competitive and can offer excellent value for money, regardless of which currency you’re purchasing.
- Choose from Click and Collect or home delivery services
- No minimum order value when you choose the collection option
- More than 100 travel money bureaux nationwide
- Western Union money transfer service
- £5 Debenhams voucher to spend in store
Conclusion – best travel money guide for avid travellers
Knowing how to get the best travel money can be a tricky process to navigate. Some providers may claim that they have the best exchange rate in the industry, but then charge you commission and extortionate credit card fees.
It’s important to shop around to try and find the best travel money provider for you; if you’re an avid traveller, then you’ll want to ensure you always get the best deal possible so that your money goes further.
Top travel money providers include Tesco, Asda Money and Travelex, who all offer home delivery and click and collect services. They can also offer some of the most competitive exchange rates in the industry.