Avoid paying credit card charges for currency exchangeįinally, if you’re ordering travel money for delivery straight to your door you will need to pay for it with a debit or credit card – and picking the wrong plastic could eat up any savings you’ve made by buying your currency online. This is an inconvenience you’re unlikely to need in the run-up to your holiday! 6. If no one is available when your foreign currency is delivered, it’s likely you will need to organise re-delivery or collect your money from a Post Office or depot. Most money exchange websites offer delivery within one or two working days after you place your order – but the fact that any travel money you order online will need to be signed for means someone will need to be in when it arrives.
![exchange currency compare exchange currency compare](http://www.letustalkmoney.com/wp-content/uploads/2019/01/Foreign-Currency-Coins-201902-001-850x491.jpg)
Know when your foreign currency is due for delivery The foreign exchange market is unregulated, meaning that if your provider goes bust, you may not get your money back.Īs with buying any goods or service online, be vigilant when paying for foreign currency over the internet. It is also worth considering the track record of the company you are using.
![exchange currency compare exchange currency compare](https://abusheikhaex.com/sites/default/files/styles/news/public/Currency-Exchange-Made-simple.jpg)
For instance, some providers will telephone customers after orders for currency had been placed to verify their identity.Īll the foreign currency exchange firms we investigated required any money delivered to be signed for on receipt, and most will not deliver to any address apart from a customer’s home. You may be worried about whether buying foreign currency online is secure, but there are safeguards in place. Consider security when buying currency online These companies allow you to order your currency on their websites and then collect your cash in store or at the airport.
![exchange currency compare exchange currency compare](https://i1.wp.com/becleverwithyourcash.com/wp-content/uploads/2019/07/travel_money_find_best_currency_exchange_rates.jpg)
Some travel money firms – such as the Post Office – make it easy for their customers to benefit from online exchange rates with no need to worry about the cost of currency delivery. It could be that even if there is no way to sidestep these charges they are still worth paying it’s a matter of working out whether the total cost of your currency transaction, taking into account the money exchange rate, is still lower than it would be if you bought your currency on the high street. Handling and delivery fees are typically around £5 per transaction, depending on where you order your currency from. Watch out for foreign currency handling and delivery fees If you won’t be ordering enough foreign cash to qualify for the waiver of handling and delivery fees, be sure to factor these charges into your calculation of how much your currency exchange will cost overall.
#Exchange currency compare for free
More commonly, foreign currency websites require that customers exchange a minimum sum in order to qualify for free delivery and handling. Therefore, if you’re only looking to change a small sum, a web-based currency service may not be for you. Some online currency outlets require that you reach a minimum order threshold before you can exchange your money. The simple way to do this is to look at how many units of foreign currency you will get from each provider in return for the sum in pounds sterling you want to exchange.īe aware there are ways companies use to increase charges that could make your transaction more expensive, explained below. It’s easier to compare the money exchange rates on offer from different websites than it is to ring around different bureaux de change – but remember you mustn’t consider rates alone.īefore making a decision about where to exchange your money, work out the total cost of your transaction, taking into account any delivery or handling fees you may have to pay. Compare the overall cost of exchanging your currencyĪs with buying foreign currency on the high street, it pays to compare a variety of deals before parting with your money on the web.
#Exchange currency compare how to
If you’ve never exchanged currency online before, are unsure of how it works or have concerns about whether the process is secure, our six-step guide will explain how to get a great deal. Many banks and supermarkets, as well as traditional foreign exchange destinations such as Travelex and the Post Office, now offer online currency exchange services – and their best rates are often reserved for customers who order travel money from them over the internet. Buying travel money online is an increasingly popular way to get hold of foreign currency – and this is partly thanks to the competitive money exchange rates the web has to offer.