If you are looking for travel money in UK, Post Office may suit you well. They offer pre-paid multi-currency cards, foreign currency exchange services and you can pick up the cash at your local branch.
What can you get at Post Office?
To begin with, there are more than 11,500 Post Office branches across the UK. Many are opened till 10:30pm on weekdays...
Apart from picking up your package, Post Office in the United Kingdom can act as a convenient place to acquire some foreign currency and exchange money. There is no commission on the service and they support over 80 currencies. As they say: “We'll buy back any currency that you don't use”
Moreover, you can get a special Travel Card issued by MasterCard, which can hold multiple currencies at the same time. That way, when you travel, you don’t have to worry about exchange rates or additional fees for foreign payments.
Order and collect foreign currency
Post Office lets you order the currencies through their online platform. If you order before 3pm, they can deliver the cash to your house the next day. Alternatively, you can choose the branch where you want to pick it up from. It’s important to notice that the conversion rate differ online and at branches. Therefore, it’s better to handle it through their platform to avoid extra costs.
Click and Collect Express
There is a special feature, which applies only to USD and EUR. If you are in a hurry and need to buy these currencies, they can be picked up only after 2 hours at the branch of your choice.
Travel Money Card
Many companies offer so-called “travel/holiday cards”, which can be convenient if you don’t want to risk spending too much money or being charged extra fees for payments abroad. We have a whole section devoted to foreign card payments, where you can find reviews of best and popular card offers on the market.
Post Office travel card lets you top up 23 different currencies. It is issued by Mastercard, so it will be accepted by most terminals around the world. You will receive your card up to 3 working days. All you need to apply is a valid UK passport or driving licence.
If you are going on a holiday, it’s better to carry one convenient card, rather than all of the cash in your pockets.
Here is the list of all currencies you can load:
- Euro (EUR)
- US Dollar (USD)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Croatian Kuna (HRK)
- New Zealand Dollar (NZD)
- Polish Zloty (PLN)
- Pound Sterling (GBP)
- South African Rand (ZAR)
- Swiss Franc (CHF)
- Thai Baht (THB)
- Turkish Lira (TRY)
- UAE Dirham (AED)
- Czech Koruna (CZK)
- Japanese Yen (JPY)
- Hungarian Forint (HUF)
- Norwegian Krone (NOK)
- Danish Kroner (DKK)
- Swedish Kronor (SEK)
- Chinese Yuan (CNY)
- Hong Kong Dollar (HKD)
- Saudi Riyal (SAR)
- Singapore Dollar (SGD)
In the FAQ section, it is stated that: “Branch exchange rates depend on several factors like branch location, competition, cost of order, convenience, etc.”
Moreover, the rates can vary significantly from the rates you can find on Google. As the currency values change constantly, because of various market fluctuations, they reserve the rights to cancel your order if there's a dramatic change in your pair...
Post Office - Currency Services Charges
|Exchanging money||Free of charge.|
Please note: There might be markup on the exchange rates and they might vary from regular or “official” rates
|Home delivery of travel money||£4.99 for orders under £500, free for larger amounts.|
|Cancelling an order||There is a penalty fee of up to £20|
|Top up Travel Money Card||1.5% of the amount (however minimum £3, maximum £50)|
|Travel Money Card maintenance fee||If the card is not used for 12 months, you will be charged £2 per month.|
It’s also worth noting that closing your account costs £5.
|Travel Money Card ATM withdrawal fee||Depends on the currency. Usually at around $1-$5 per withdrawal.|
Best Travel Money Exchange Rates in UK
If the rates at Post Office don’t suit you, check out our section devoted to best exchange rates. Type in which currencies you need to convert and our algorithm will show you all of the available platforms and companies and their rates. Use service, which offers rates closest to “mid-market” rates. If you want to learn, what it is and how can it help you save money read our article on interbank rates and exchanging currencies.