Through Travelex Holiday Money, we can offer you a comprehensive range of products and services to take care of all your foreign exchange needs.
If you are going overseas:
- Travellers Cheques
- Foreign Cash
- Cash Passport Card
If you are sending money overseas:
- Telegraphic Transfers
- Instant Money Transfers
If you receive money from overseas:
- Travellers Cheques
- Foreign Cash
- Cheques in a Foreign Currency
1 If You Are Going Overseas
- It is recommended that you always take more than one payment mechanism – some local cash, travellers cheques or a Cash Passport Card, and a credit or debit card. That way, if you have difficulty with any of your products (eg your credit card is not accepted, or the magnetic stripe gets damaged), you will have an alternative. Use travellers cheques or a Cash Passport Card for your day-to-day expenses, and a credit or debit card for major purchases.
- As a basic rule of thumb, if your destination has a good ATM network, take most of your travel funds on a Cash Passport Card; if not, travellers cheques are better. Cash Passport is ideal for most tourist destinations, inc UK and Europe, USA, Canada, South East Asia, Japan, New Zealand, Australia and South Africa. Certain countries like Bali and Fiji do not have a lot of ATM’s, so travellers cheques may be better.
- Get your foreign exchange before you leave home – exchange rates at home are usually better than overseas.
Cash Passport Card
The Cash Passport Card is a pre-paid, PIN-protected card that enables you to obtain local cash from over 800,000 Visa ATM’s around the world. Cash Passport is not a debit or credit card – rather, you could think of it as a “plastic travellers cheque.” You can purchase the card in any amount from $250 to $25,000.
Cash Passport is ideal for all major tourist destinations, overseas and in Australia, where there is an ATM network.
The same card can be used around the world – there is no need to buy cards in different currencies for different destinations. You have access to your funds 24 hours a day, and there are no daily withdrawal limits.
Travelex supplies a second card (with a separate PIN), free of charge – if you lose one, simply start using the second. Lost or stolen cards can be replaced, free of charge and usually within 24 hours. No value is kept on the card (all funds are retained on Visa’s host system). If a card is lost or stolen, it is useless to the thief provided the PIN remains secret.
- Fees & Exchange Rates
You normally pay only $3.75 per withdrawal (other fees may apply). Cash Passport normally provides a better rate of exchange than travellers cheques, and exchange rates are converted at the time of the transaction.
As Cash Passport is pre-paid, there is no danger of overspending. Unused funds can be reclaimed upon returning home (fees may apply).
- Easy to Purchase
Anyone can buy a Cash Passport card – you do not have to be over 18 or have a credit rating. It can also be bought as a gift. For added convenience, cards are reloadable, so you can top them up with additional funds when required.
- 24 Hour Assistance
Customer support is available 24 hours a day through Visa to deal with lost cards, forgotten PIN’s, card balances etc.
Travellers cheques are available in a range of 7 major currencies, so wherever you are travelling you will find one recommended for your destination.
- US Dollar
- British Pound
- Canadian Dollar
- Swiss Franc
- South African Rand
- Japanese Yen
Which currency should I take?
Referring to the above list, we recommend you take your cheques in the currency of the country you are visiting. This way, you can often use your cheques like cash in shops and restaurants, and you also get a locked-in exchange rate.
How international are they?
All travellers cheques supplied by Travelex are issued by internationally recognised institutions (either MasterCard or Visa) to ensure worldwide acceptance.
What if my travellers cheques are lost or stolen?
Don’t worry. A refund is just a phone call away, and takes as little as 30 minutes to organise. Simply report the loss or theft of your travellers cheques by telephone to the refund centre indicated on your sales advice.
In addition to your travellers cheques and/or Cash Passport Card, it is always advisable to carry some local cash to cover taxis, tips etc upon arrival overseas.
Holiday Money regularly stocks over 35 foreign currencies.
2 If You Are Sending Money Overseas
Drafts are the cheapest form of sending money overseas, and can be sent by mail. The receiver generally has to pay the draft into an account, and it may take a few days to clear.
Telegraphic transfers are normally used to directly credit accounts overseas, and are a quicker method of sending funds than drafts.
Instant Money Transfers are the quickest way of transferring money, with funds available for collection by the receiver in as little as 10 minutes. The receiver does not need a bank account, and does not have to specify a collection address, giving added flexibility. Instant Money Transfers are therefore ideal for emergency funds transfers, or transfers to countries where the banking system is slow or inefficient. Money is paid in cash, on the spot, to the receiver.
3 If You Receive Money From Overseas
Subject to acceptability, Travelex will convert Foreign Currency items into Australian Dollars. So, if you receive a Cheque from overseas, or return from a trip with unused Foreign Cash or Travellers Cheques, you can change them into Australian Dollars without fuss.