Editorial review of Travelex

Travelex is one of the world’s leading foreign-exchange companies, so, if you are planning for taking a foreign trip, you can use the services of it. Travelex makes it easy to obtain the foreign currency you need before you head out on your overseas trip and provide you with the currencies at ease as well as less exchange fees.

Travelex is an online money transfer company has headquarters in London. It is one of the world’s largest foreign exchange bureaus, which is also the major donor and sponsor of the Royal National Theatre. Its main business is in international transfers, travel cards and bureau change. Customers can find its stores in various countries at airports. Some significant benefits of the Travelex are:

• Multiple Transfer and Currency Options
• Travelex Money Card Facility
• Availability of Stores at Airports
• Home Delivery Available in Selected Countries

Transfer Fee:

Travelex offers the best prices for its customers and much lower than banks and other companies. It offers free transfer above $5,000 or similar amount in other currency. However, if the amount is lower than $5,000 than also the transfer fee is as lower as $5 or less depending upon the country and currency.

One needs to transfer a minimum amount of $500 in every transaction which is a drawback because it’s a high minimum amount. Many other companies are often offering minimum transfer of $1 or similar amount in other currencies.

Exchange Rate:

Travelex rates are much better than many of the banks and highly competitive from many of its competitors. Whenever you write the amount for making an exchange, you’ll receive a display of the relevant live exchange rate. It will also allow you to calculate the amount of money that will arrive in your recipient’s bank account in their local currency. You will get the Travelex Money Exchange calculator here.

So, we rate 7 out of 10 to Travelex pricing policy, because many other remittance service providers who offer transfer at a lower cost.

Hidden Fee:

Travelex does not charge any hidden fees. Once you choose the currency you want to send and the currency of recipient, you will get the exchange rate as well as transfer fee on your screen. So, you need not to worry about the hidden fee while making transfers.

Tracking Details:

One can track the transfer performed by them on their dashboard. You will get the delivery time and all other details there. If there is any delay in delivering the funds, you can also contact the company here: 877-414-6359 or online.orders.USA@travelex.com (in business hours).

As we can see no hidden fee and good tracking procedure of the company, we rate it 8 out of 10, because assistance is not available 24/7.

Travelex has been providing fast delivery in various countries it is covering through bank transfers or partners. The above table is just an indicative guide, for more information, one needs to open the account in Travelex, and then they will know how much time it will take in the transfer.

So, the experts of Exchange Rate IQ is considering it fast enough to provide the funds to the recipient and rating it 8 out of 10.

Everyone wants to stay safe with their money, and therefore, Travelex provides secure transfers. It has 40 years of experience, where it transfers your details to destinations outside with its partners to fulfill orders and taking payments. It protects all the data in all the countries under the regulations of their governments. Some other things it follows to protect the data of consumers are:

• The Standard Contractual Clauses that have been provided by the EU Commission.
• Treat in accordance with various notices and strict data protection standards.
• It has been providing ‘adequacy’ protections that have been defined and approved by the European Commission or the relevant Supervisory Authority.

Travelex is not very much clear about the security it is using for saving the data online and in offline mode. So, Exchange Rate IQ’s experts provide it 6 out of 10 score in security head.

Sending money should not be complicated, and with this goal, Travelex money transfer has been providing its services. One can transfer funds through multiple options available, these are:

It is also providing cash pick-ups and home delivery in some of the countries as well as Travelex stores, but for that, you need to provide documents, which can be any of the following:

It has also provided FAQs on its website, which one can consider for various questions they have regarding Travelex currency transfer. But if you have any other queries, you can contact Travelex customer care of your respective countries. You can also call the stores regarding any confusion in the transaction.

Travelex offers cancellation to its customers through the call. You can call the store or customer care of the company for the cancellation of transfer.

In its money card, one can be locked in the exchange rate and take advantage of favorable market conditions by opting the forward contract option.

One can also schedule the regular transfer from Travelex, but it may get a delay until you choose the currency exchange rate for the transfer.

So, Travelex International Money Transfer offers various modes of transferring the funds and also cash pick-up in few countries. You can start the transfer by Travelex login here.

 You can also download the Travelex app here:

1. Travelex Android App
2. Travelex iPhone App

For looking after the transfer rates in app, you need to login or sign up in the app. While, you need not to do this in the Exchange Rate apps. You can also use its Currency Converter tool to know what exchange rate Travelex is offering.

So, as per user experience, we provide 8 out of 10 to Travelex and its services.

Using Travelex, one can trade in over 80 currencies and do business in over 50 countries. At the same time, it has many stores available at major airports worldwide.  More of its coverage is provided under:

• Customers can also use its online services and have over 1,500 stores as well as 1,250 ATMs worldwide.
• It has also been partnered with many banks, supermarkets and travel agencies. By joining hands with others, it has its reach to over 100 countries and 20,000 locations.
• Travelex has grown in various markets through new acquisitions. This includes FX Africa in South Africa and Grupo Confidence, the largest consumer foreign exchange specialist in Brazil.

You can also find the store of Travelex near you here.

It also has Global Support Centers available in various countries including:

• UK
• Europe
• North America
• Brazil
• Greater China
• Japan
• Australia and New Zealand
• Middle East, India, Africa and Turkey

Travelex has been covering so many parts of the world and also have its stores as well as ATMs. Still, it has to grow more to become the top money remittance company in the world. It provides specialized services for travelers such as money card and stores at airports. So, we rate 8 out of 10 to it for its coverage.