Tesco Travel Money is a top choice for travelers. It offers many travel money services to make currency exchange easy. You can get Euros and US Dollars, making it simple to prepare for your trip.
Using Tesco for currency exchange has big benefits. The Clubcard pricing can give you better rates than usual. Plus, there’s no commission fee on foreign currency, except for a 2% fee on UK Pounds. This makes Tesco a strong competitor to online services, which often charge high fees.
Tesco also has a price match guarantee. It promises to match better rates found nearby on the same day. This ensures you get the best deal.
Tesco’s Multi-Currency Cash Passport is another great feature. It lets you load up to ten different currencies. This makes it easy to convert holiday money or load your Travel Money Card.
For more on the best multi-currency accounts, check out this guide.
Overview of Tesco Travel Money Services
Tesco travel money services offer a wide range of foreign currencies for travelers. With nearly 50 currencies available online, preparing for trips is easy. You can get popular currencies like Euros and US dollars the next day with Click and Collect.
Home delivery is also an option. Many UK areas get their currency by the next day if ordered before 2:00 pm.
Tesco also has a multi-currency cash passport for seven major currencies. This prepaid card makes managing money abroad simpler. Tesco Bank charges £4.99 for Home Delivery orders of £100 – £499.99. There’s also a 2% fee for GBP transactions with the prepaid card.
Withdrawal fees vary by location, like £1.50 in the UK and $2.30 in the US and Australia. It’s important to know the currency exchange rates. Different banks and services, like Barclays and Nationwide, have different rates for GBP to Euro and GBP to USD.
Using travel money bureaux like Tesco is convenient. Members get better rates on foreign currency with Clubcard pricing. Plus, you can convert unused foreign currency back to Pounds, making Tesco travel money services user-friendly.
Review of Tesco Travel Money for Foreign Exchange
Tesco Travel Money has both good and bad points. They offer almost 50 currencies online but only a few in stores. If you have a Tesco Clubcard, you get better rates, which saves you money.
One great thing about Tesco is their Click and Collect service. You can get Euros and US dollars the next day. But, other currencies might take up to four days. You can also get your money delivered to your home, but it costs if you order less than 500 GBP.
Tesco doesn’t charge extra for buying currency in stores, but the rates might not be the best. Their prepaid cards are good for spending in the currency you load, but there’s a 2% fee for GBP spending. There are also ATM fees that vary by location.
Compared to Wise and Currencies Direct, Tesco is convenient but might not save you money. Wise has low fees and better rates. Tesco’s rates for GBP to Euro are 1.1438, but other services offer better deals.
Customer opinions are mixed. Recently, there’s been a big drop in positive reviews and a big increase in negative ones. People have complained about delayed pick-ups and poor customer service. Yet, some customers have had good experiences. For more on what customers say, check out Tesco Travel Money reviews.
| Service | Details |
|---|---|
| Available Currencies | Approximately 50 currencies online, limited in-store |
| Clubcard Benefits | Preferential exchange rates for members |
| Click and Collect | Next-day collection for Euros and USD, up to 4 days for other currencies |
| Home Delivery | Next-day delivery for most regions with fees for orders |
| ATM Fees | Varies by country (e.g., 1.50 GBP in the UK, 2.30 USD in the US) |
| Customer Feedback | Mixed reviews; significant increase in low ratings |
Understanding the Multi-Currency Cash Passport
The Multi-Currency Cash Passport is a smart travel money solution. It lets you load up to ten foreign currencies on one card. This makes traveling easier, as you don’t need to carry many currencies.
One great thing is that there’s no commission on foreign currency purchases. But, remember, there are fees for UK Pound transactions.
Security is a big deal with this card. It has chip and PIN protection for your safety. If your card is lost or stolen, help is available to keep your money safe.
But, be careful of ATM fees. They can cost between £1.50 and £2.50 per withdrawal. This is something to think about when using the card.
To get a Multi-Currency Cash Passport, visit participating in-store bureaux. It’s a good choice for travel money, thanks to its security and features. For more info on prepaid cards, check out this detailed guide.
