Travel Money Oz: Review of Fees, Travel Cards, Currency Exchange services

Travel Money Oz is a company that can help you through all aspects of travelling abroad, sending money to loved ones or buying back currencies. Depending on what you need, you can find services at either a Travel Money Oz store or online. They’ve also won awards for convenient pickup and delivery of foreign exchange cash in Australia. If you need to do a currency exchange- whether for work, personal or just a fun trip abroad - read on to learn more about Travel Money Oz, how it works, fees and what to expect.

We'll also introduce you to Wise Travel Card as an alternative, that can help you save on your international travel by offering currency conversions at mid-market rates without any hidden markups.

What is Travel Money Oz

Travel Money Oz is a popular name in foreign exchange here in Australia. They are a currency exchange that offers access to over 60 different foreign currencies. You can get prepaid travel cards, send money internationally, and even find helpful travel tips. With locations all over Australia and New Zealand, it should be easy to find a Travel Money Oz store near you. So, if you're planning a trip overseas and are trying to figure out how to make purchases, Travel Money Oz could be one solution.¹

Is Travel Money Oz Safe?

One of the first things you might wonder is if Travel Money Oz is safe. The answer is yes! They're a fully licensed and regulated company in Australia. Plus, many travellers have used them and been happy with the service.

The Travel Money Oz travel money card, called Currency Pass, is backed by Mastercard and the money is managed by EML Payments, a reputable company. One of the benefits of the card is that it doesn't store any of your personal information and isn't linked to your bank accounts.

If you lose your card, you can Travel Money Oz at +61 (2) 8974 0856 to suspend it. They'll help you get your money back through Western Union. Since your bank accounts aren't connected, your money is safe.

All of Travel Money Oz's services are properly licensed and regulated, so you can use them with confidence.

Currency Exchange Solutions by Travel Money Oz

Travel Money Oz offers foreign exchange products, like buying and selling foreign currencies, travel money cards, international money transfers, and travel insurance. Let’s look into each one.

Buying and Selling Foreign Currencies

Buying and selling foreign currencies is a major part of Travel Money Oz’s business. They deal with over 60 global currencies, including the UAE Dirham to the South African Rand.

You can find Travel Money Oz stores all over Australia, making it easy to exchange your money in person. They also offer online services for convenience with same-day delivery and pickup from qualifying locations. So, if you're heading overseas, it's simple to get your foreign currency sorted with Travel Money Oz. And if you have extra foreign currencies left over from your trip, they will also buy back the notes and provide you with Australian dollars.

Exchanging money is simple in person. Just bring your ID and let them know where you're travelling to and how much you want to exchange. They'll handle the rest and give you the current exchange rates.³

Travel Money Oz's Travel Money Card

Travel Money Oz offers a prepaid travel money card called “Currency Pass.” Australian residents travelling abroad can get one at any Travel Money Oz store or order it online.

Here are some key features of a Currency Pass card:⁴

• Load up to 10 currencies: You can load it with U.S. dollars, British pounds, New Zealand dollars, Canadian dollars, Hong Kong dollars, Japanese Yen, Singapore dollars, Thai Baht and Australian dollars.
• Lock in your exchange rate: This card lets you lock in the exchange rate, so you know exactly how much you're spending.
• 24/7 support: You can get help anytime, day or night.
• No hidden fees: There are no conversion fees, surcharges or fees for not using it.
• Widely accepted: It's accepted wherever Mastercard is accepted, so you can use it almost anywhere globally.

The Travel Money Oz Currency Pass can be helpful when heading abroad, especially if you’re country-hopping. But, you will want to look out for hidden fees; learn more in our section on exchange rates and fees.

Travel Money Oz International Money Transfer

If you need to send money overseas to family, reserve your holiday stay or make a purchase, Travel Money Oz makes it easy. You can transfer money online right from the website. Signing up is free and straightforward. Just log in, choose the currency and amount, and select who you're sending it to. Travel Money Oz takes care of the rest, offering competitive exchange rates and getting your money there fast – often within minutes.

Here's why Travel Money Oz might be a good choice for international transfers:

• Exchange rate guarantee: They offer to beat any other rate you find for qualifying transfers.
• Fast transfers: Your money may arrive as quickly as the same day, although most can take up to 48 hours.
• Check rates anytime: You can see the current exchange rates 24/7 on their website.
• Dedicated help: You'll have an account manager who's always ready to help by email or phone.

Travel Money Oz is a great alternative to banks for sending money abroad; it can be fast and cheaper than traditional money services.⁵

Travel Money Oz Fees and Rates

Travel Money Oz charges fees for money exchanges, but they also offer some free services. Let's take a look at what you can get for free but also the services that require a fee.⁶

Free Services

Here is what you can get for free from Travel Money Oz:

• Opening an account online does not cost anything.
• Buying the Currency Pass card at a Travel Money Oz store or an authorized retail outlet.
• Buying the travel money card online.
• First time you load money onto the travel money card.
• Purchases in the same currency.
• Free access to customer services either online, through the Travel Money Oz app or customer service centre.
• Balance inquiries at domestic and international ATMs (although third-party ATM charges may apply).

Fees

There are no added fees or commissions when buying currencies from Travel Money Oz. But keep an eye on the exchange rate- more on that in the next section.

Here is the Travel Money Oz card fee schedule:

Limits

For sending money through Travel Money Oz, the minimum you can send is $200 AUD or its currency equivalent.

The Travel Money Oz card has specific limits depending on the transaction:

Travel Money Oz Exchange Rates

Travel Money Oz sets its own exchange rate which can make currency exchange transactions expensive. The exchange rate is likely to be different from than the mid-market exchange rate you usually see on Google.

By creating their own exchange rate, Travel Money Oz and many other companies that operate in currency exchanges can sneak a fee to customers. So that every dollar you convert into cash, to send abroad or make payments with, has that fee on it. It can seem small, but that amount can add up quickly.

As an alternative, we would like to introduce you to the Wise Travel Card that offers the mid-market exchange rate on currency conversion. You can use the Wise Travel Card in 150+ countries and swipe like a local to make purchases at restaurants, stores and local sites.

Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

Meet Wise: Your Smart Travel Money Card

Wise offers a convenient travel card and money transfer services that make managing your finances abroad a breeze. The Wise card lets you spend like a local in over 150+ countries, with

• Excellent exchange rates: Always get the mid-market exchange rate – the same one you usually see on Google – so you get the most out of your money.
• Low, transparent fees: Say goodbye to hidden charges and hefty markups. Wise keeps its fees low and transparent, so you know exactly what you're paying.
• Convenient card and app: Use your Wise card to swipe like a local in supported countries. Manage your money, track spending, and even freeze your card if needed, all through the Wise app .
• Cash withdrawals: Easily withdraw cash from supported ATMs abroad with low, transparent fees. But be mindful that ATM providers may charge their own cash withdrawal fees.
• International transfers: Send money abroad with the same mid-market exchange rates and low fees.

Get your Wise Card 🚀