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Travelex Foreign Exchange

Travelex is the world’s largest foreign exchange specialist. Through Travelex, we can offer you a comprehensive range of products and services to take care of all your foreign exchange needs.

If you are going overseas:
• Cash Passport Card
• Foreign Cash
• Travellers Cheques

If you are sending money overseas:
• Drafts
• Telegraphic Transfers

If you receive money from overseas:
• Travellers Cheques
• Foreign Cash
• Cheques in a Foreign Currency
• Inward Telegraphic Transfers

 

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If You Are Going Overseas

  1. It is recommended that you always take more than one payment mechanism – some local cash, a Cash Passport Card, and a credit or debit card. That way, if you have difficulty with any of your products (eg your credit card is not accepted, or the magnetic stripe gets damaged), you will have an alternative. Use a Cash Passport Card for your day-to-day expenses, and a credit or debit card for major purchases.
  2. As a basic rule of thumb, if your destination has a good ATM network, take most of your travel funds on a Cash Passport Card; if not, travellers cheques are better. Cash Passport is ideal for most tourist destinations, inc UK and Europe, USA, Canada, South East Asia, Japan, New Zealand, Australia and South Africa.
  3. Get your foreign exchange before you leave home – exchange rates at home are usually better than overseas.

    Cash Passport Card

    The Cash Passport Card is a pre-paid, PIN-protected card that enables you to obtain local cash from over 1 million VISA ATM’s around the world. You can purchase the card in any amount from $250 to $25,000.

    Cash Passport is ideal for all major tourist destinations, overseas and in Australia, where there is an ATM network. Cards are available in US Dollars, Euros, British Pounds and New Zealand Dollars, as well as Australian Dollars, enabling you to maximize convenience and “lock-in” an exchange rate.

    1. Convenience
      Anyone can buy a Cash Passport card – you do not have to be over 18 or have a credit rating. It can also be bought as a gift. For added convenience, cards are reloadable, so you can top them up with additional funds when required.
    2. Security
      Travelex supplies a second card (with a separate PIN), free of charge – if you lose one, simply start using the second. Lost or stolen cards can be replaced, free of charge and usually within 24 hours. No value is kept on the card (all funds are retained on Visa’s host system). If a card is lost or stolen, it is useless to the thief provided the PIN remains secret.
    3. Fees & Exchange Rates
      You normally pay only $3.75 per withdrawal (other fees may apply). Exchange rates are converted at the time of the transaction; or, if you prefer to “lock-in” a rate, cards can be purchased in US Dollars, Euros, British Pounds and New Zealand Dollars. For convenience, we suggest taking your card in the currency of the country you are visiting.
    4. Budgeting
      As Cash Passport is pre-paid, there is no danger of overspending. Unused funds can be reclaimed upon returning home (fees may apply).
    5. 24 Hour Assistance
      Customer support is available 24 hours a day to deal with lost cards, forgotten PIN’s, card balances etc.

    Foreign Cash

    In addition to your travellers cheques and/or Cash Passport Card, it is always advisable to carry some local cash to cover taxis, tips etc upon arrival overseas.

    Travelex regularly stocks over 35 foreign currencies.

    Travellers Cheques

    Travellers cheques are available in:
    US Dollar
    Euro
    British Pound

    Travellers cheques are accepted worldwide. If your cheques are lost or stolen, a refund is just a phone call away, and takes as little as 30 minutes to organise.

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If You Are Sending Money Overseas

Drafts are the cheapest form of sending money overseas, and can be sent by mail. The receiver generally has to pay the draft into an account, and it may take a few days to clear.

Telegraphic transfers are normally used to directly credit accounts overseas, and are a quicker method of sending funds than drafts.

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If You Receive Money From Overseas

Subject to acceptability, Travelex will convert Foreign Currency items into Australian Dollars.

So, if you receive a Cheque from overseas, or return from a trip with unused Foreign Cash or Travellers Cheques, you can change* them into Australian Dollars without fuss (* subject to acceptability).

If funds are being sent to you from overseas, an Inward Telegraphic Transfer will enable funds to be credited directly into your account.

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