Anyone used "Travel FX" for exchanging currency?

unitedwestand

Hi,

I was wondering if anyone used "Travel FX" for their holiday/ travel money?

According to this website www.compareholidaymoney.com they're offering the best rates for both the two types of currency I'm after.

I tried Googling them but couldn't find much info/ reviews on them.

Thanks:beer:

unitedwestand

anyone?

unitedwestand

Anyone? Wouldn't love to know if they're reputable

highnal

Think lack of posts probably says it all

I haven't heard of them and it's not one of the recommended providers on the Cheap Travel Money list. Still could be legit though.

Have you tried comparing exchange rates here? travelmoney.moneysavingexpert.c o m

ferf1223

probably having no replies indicates that not many here have used them?
Personally, I wouldn't use them.

zagfles

Excahnging currency is so last century! Just withdraw from cashpoints as you go - preferably with one of the cards which don't charge. Maybe get £50 or so from the Post Office if you really feel uncomfortable arriving with no readies.

dzug1

Two points make me mildly suspicious of them:

their main business is high risk lending to ex pats on Spanish properties

they've chosen a name one letter different from travelex for their currency arm

That's not to say they are not legit

Are they THAT much better than other souces? Sufficiently better to be suspicious? Or just a fraction.

edit - add to that they don't take cards

ferf1223

zagfles wrote: »

Excahnging currency is so last century! Just withdraw from cashpoints as you go - preferably with one of the cards which don't charge. Maybe get £50 or so from the Post Office if you really feel uncomfortable arriving with no readies.

We go to Vegas a couple of times a year and do like to gamble, so we do bring a fair amount of USD with us when we go and top up if necessary using our MetroBank and Santander Zero cards...but I get why some people might want to take a chunk of cash with them.

After missing the CCE collapse by 4 days, we're no longer keen on anything other than over-the-counter transactions...

"Travel FX Ltd, a subsidiary company of Mortgage FX Ltd"

zagfles

ferf1223 wrote: »

Originally Posted by zagfles
Excahnging currency is so last century! Just withdraw from cashpoints as you go - preferably with one of the cards which don't charge. Maybe get £50 or so from the Post Office if you really feel uncomfortable arriving with no readies.

We go to Vegas a couple of times a year and do like to gamble, so we do bring a fair amount of USD with us when we go and top up if necessary using our MetroBank and Santander Zero cards...but I get why some people might want to take a chunk of cash with them.

I really don't. Maybe if they were going to Ghana or Cambodia or somewhere, but cashpoints are everywhere in Europe, US etc. It seems like some sort of ritual for some people that's an essential part of travelling abroad - get ripped off changing currency before you go. Whereas if they were going on holiday to Cornwall they wouldn't even think about getting their "holiday cash" out before they went...

unitedwestand

Thanks so much for the replies, its greatly appreciated.

I stumbled across https://www.compareholidaymoney.com after Googling for travel money, its indexed quite high. "Travel FX" came out on top on this site as far as exchange rates go & also beats all the the rates on the MSE https://www.travelmoneymax.com link.

It also appears to have 105, 4.8/5 star user reviews.

If it is unreputable, its been set up well.

I've applied for a travel credit card as suggested by Martin, however would also like to take some cash with me as well.

Admittedly, A couple of things do make me a little suspicious like I can't find many other reviews out with the 105 on this comparison site, there's only 21 "likes" on their Facebook page, there no sign of Travel Fx on street view & if you Google their address "31-33 College RD, Harrow,Middx,HA11EJ" it seems to be listed under "dentist"?

Any recommendations of a good place to get money online/ delivered?

ferf1223

zagfles wrote: »

It seems like some sort of ritual for some people that's an essential part of travelling abroad - get ripped off changing currency before you go.

Maybe, but we got a lot better rate on the USD we bought before we left than the USD we withdrew when we were in the US due to the fluctuation in the exchange rate in the interim...which we could not have predicted, no...but it's not a foregone conclusion that you will get better rates withdrawing while you're there vs. buying in advance. Like for like, on the same day - sure...but sometimes buying in advance works out better - like it did for us recently.

And we don't cash advance credit cards - just a personal rule we've always adhered to...sometimes a daily withdrawal limit on a debit card isn't enough, so having cash in hand is necessary.