Travelex vs Travel Money Oz vs S Money | Which is cheapest? (2024)

S Money is an online only currency exchange, so they don’t have any bricks and mortar stores. If you order online, you can pick up your currency in the CBD or have it delivered within 20k’s of the city for $19. They are the only money exchange that offer the same exchange rate seen on Google or XE but they do charge a service fee.

How S Money stacks up

S Money doesn't have any retail stores like Travelex or Travel Money Oz. While this helps them offer a better rate, it also means that you can't sell them currency, you can only buy currency. It also means that you have to order and pay for your currency online and can't pick up from the Airport like Travelex.

Online, all 3 companies offer 'click and collect. S Money and Travelex offer delivery unlike Travel Money Oz but with Travelex, you can pick up from Australia Post stores or the airport.

If you are in a hurry, S Money is quicker than Travelex and Travel Money Ozwith most orders delivered or ready for pick up the next day.

Travelex and Travel Money Oz have a much bigger range of currencies so if you are looking for Argentine Peso or Vietnamese Dong, they are a better option.

Travelex vs Travel Money Oz vs S Money | Which is cheapest? (2024)

FAQs

Which is better, Travelex or Travel Money Oz? ›

Travel Money Oz is very similar to Travelex. It has a large network of stores. They both allow you to order a large range of currencies online to collect in-store and both are very large reputable companies. Even their exchange rates are very similar.

What is the least expensive way to exchange money? ›

The following are some of the best and least expensive places to convert currency:
  • Local banks and credit unions usually offer the best rates.
  • Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas.
  • Online peer-to-peer foreign currency exchanges.

Does Travel Money Oz charge fees? ›

Some foreign exchange retailers charge fees or a commission when you buy or sell currency. Travel Money Oz offers our services with no additional fees or commission.

Is Travelex a good exchange rate? ›

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.

Does Travelex charge fees? ›

At Travelex, we offer you $0 commission and a competitive market exchange rate when you buy foreign currency from us online, whether in cash or our Travelex Money Card. These online rates are our exclusive online rate and are not available in-store.

What is the Travelex rate advantage? ›

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.

Which exchange has the least amount of fees? ›

Fees by crypto exchange
ExchangeMaker feeDiscount for volume trading
OKX0.080%Yes, up to -0.005%/0.015%
Bybit0.2000%Yes, up to 0.0150%/0.0050%
Gate.io0.09%Yes, up to 0%/0.02%
HTX0.2000%Yes, up to 0.0097%/0.0193%
6 more rows
Aug 30, 2024

How to avoid currency conversion fees? ›

To avoid dynamic currency conversion fees when traveling internationally, choose to pay credit card transactions in the local currency rather than in US dollars. Some merchants will attempt to make this decision for you, so confirm which currency you're transacting in before you pay.

Who has the cheapest currency exchange rate? ›

Currently, the Iranian Rial is considered the world's least valuable currency.

Which travel money card has no fees? ›

What are the other travel card options?
Debit cardsMonthly Account feeInternational ATM fee
Travelex Money Card$0$0 online and in store - 1% for BPAY
Qantas Travel Money$0$0 for bank transfer or BPAY, 0.5% for debit card
Westpac Worldwide Wallet$0$0
Travel Money Oz Currency Pass$0Up to 1.1% online, or 1% BPay
19 more rows
Feb 19, 2024

How does Travel Money Oz work? ›

Travel Money Oz Currency Pass is a debit card. You can only spend the funds that are loaded onto the card. The best part is, you won't get caught out with hefty credit card fees and interest. You're only spending your money.

What is the best travel card for overseas? ›

The Travelex Money Card is a multi currency card that can be used in most countries around the world. Widely considered the best travel money card for overseas travel, the Travelex Money Card can be used in the US, Europe, Japan, Canada, Hong Kong, Singapore, Japan, New Zealand, and many more countries.

Why use Travelex? ›

Pros of Travelling with a Travel Card

The Travelex Money Card lets you load up to 10 different currencies, making travelling to different destinations in the one trip easier, plus easily manage your travel money on the go with the Travelex Travel Money App.

How safe is Travelex? ›

How will my order be sent and is it secure? Your order will be sent using secure Royal Mail Special Delivery and will require a signature upon delivery. Travelex Money cards are sent separately by First Class post and you will need to call us on the number provided with the card to activate it.

What day is the best day to exchange currency? ›

Mondays often experience the lowest number of trading in foreign exchange market. Therefore, you may expect the least fluctuation in price. Friday has a definite effect which is called the summary effect. There are many traders who close their positions at the end of the week.

Where is the best place to exchange currency before travel? ›

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

Is the Travelex money card good? ›

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.

What is the best travel card to use overseas? ›

The Travelex Money Card is a multi currency card that can be used in most countries around the world. Widely considered the best travel money card for overseas travel, the Travelex Money Card can be used in the US, Europe, Japan, Canada, Hong Kong, Singapore, Japan, New Zealand, and many more countries.

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