From choosing where to go, booking your flights and deciding on accommodation
there's a lot of excitement before an overseas trip. But what about currency?
While there are many ways to manage money while you're travelling, some are more
expensive than others and there are ways to save time and money if you think
about currency ahead of time. We're going to discuss Travel Money Oz and show
you how to exchange currency with them at the best exchange rate. We'll look at
the products they offer, ways you can exchange and share our top tips for
using them.
Travel Money Oz has more than a 130 locations
throughout Australia and have about 60 different currencies available. You can
order online through their website or walk into one of their stores and buy
currency on the spot. And you can choose to buy cash or load a prepaid currency
card. Let's look at the best way for you to exchange currency with Travel Money Oz.
If you happen to be travelling anytime in the next few days and need
currency straight away, going into one of their stores is the way to go. With so
many locations it's convenient and they generally have popular currencies in
stock. You can simply buy cash or depending on the currencies you need, you
could load up a prepaid currency card. There are some things you need to know
before heading into a Travel Money Oz store. While Travel Money Oz does not
charge a commission fee, there is a fee if you want to pay with EFTPOS so if you
want to avoid fees altogether it's best to withdraw cash before you go in. The
other thing you'll need is your ID. You may not need it but will for some
transactions. Best to have it with you either way.
While you think the rates would be the same across all Travel Money Oz stores
this isn't always the case. Generally the rates in your CBD are better than
further out of the city simply because they have to be more competitive there.
This is great if you live in the city but if you're exchanging more than a
couple of thousand dollars it might be worth making the trip if you don't.
If you've got more time up your sleeve, buying currency online can be a good way
to lock in an exchange rate and avoid fees.
Just keep in mind that if you're buying cash you'll need to wait about a week
for the order to be ready and it can take about fourteen days if you're
buying a Currency Pass Card. On their home page, you will select the currency
you need and whether you want a travel card or cash. This will show you the
exchange rate and estimate the cost of your order. The next page will let you
add currencies to your order and select how you'll pay.
If you pay with Bpay you won't be charged any fees but if you want to pay
with card there is a fee of about 1% depending on the one you're
using. You can choose to pick up the order from any Travel Money Oz store.
Like we said, the order will be ready within a week if you're ordering cash and
about a fortnight if it's the card.
If you don't want to carry cash you could
consider the Currency Pass Card which is available for ten different currencies.
You can purchase and top-up the card online and in store. Make sure you're
aware of all the fees associated with the card. While it is technically free
there are conversion charges if you change from one currency to another and
there are ATM fees in certain countries. And there are fees if you want an
additional card or if you lose yours.
It is important to know that the cash rates
are Travel Money Oz are better than the card rates so when you're exchanging
currency it goes further if you're buying cash. And the ATM and conversion
fees can add up so while you're travelling you need to be aware of how
often you're withdrawing money and making purchases. For a more detailed
explanation of the Currency Pass Card we've linked our review below.
Okay, let's have a look at the six things you need to know when choosing how to exchange
money with Travel Money Oz. Think about when you're leaving. If you're travelling
in the next few days you need to go into a Travel Money Oz store so that you can
exchange currency on the spot. If you do exchange currency in store remember the
rates in your CBD are usually better than further
out of the city. If you have a week or more up your sleeve you could order
currency online and then pick it up from any Travel Money Oz store. This means
you can exchange currency at their online rate. You can avoid fees by paying
with BPay. Finally if you want to buy the Currency Pass Card make yourself aware
of all the rates and fees and give yourself a couple of weeks before your
trip if you're ordering one online.
The best option for you comes down to how
much time you have and what makes you feel most comfortable. With so many
options Travel Money Oz can be a good way to safely and conveniently get your
hands on currency before a trip. Just keep rates, fees and your travel date in
mind when making your decision and you'll be all set.