Travelex International Payments Review

Travelex International Payments Review Summary

Travelex has a number of convenient features that make it easy for anyone to send money abroad. You can use their borderless account to send money to over 50 countries around the world, and they provide an exchange rate, transaction fees, and more. When you need to send money internationally, Travelex can be the best choice. To make an international payment, you need to know the currency that you are sending. You can do so online with a payment service that offers the lowest exchange rates. If you need to send money overseas, Travelex can help you. They have many services that allow you to send money abroad. You can use their money service to transfer money from your bank account to another person's account. Whether you need to send money overseas to a family member or a business associate, you can easily transfer funds with this service.

Travelex International Payments review
Travelex International Payments Features

Travelex International Payments Year Established

1976

Travelex International Payments International Clients

Travelex International Payments accepts international clients.

Travelex International Payments Age requirement

18 years

Travelex International Payments Currencies Offered

10 online

Travelex International Payments Minimum Transfer

200 AUD

Travelex International Payments Transfer Fees

0-5$

Travelex International Payments Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Travelex International Payments Employees

5437

Travelex International Payments Turnover

191880000

Travelex International Payments Regulation

Financial Conduct Authority (FCA)

Travelex International Payments Fees

Travelex International Payments transfer fees are 0-5$.

Fees with Travelex International Payments may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Travelex International Payments, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Travelex International Payments Client Rating

Travelex International Payments has a rating of 3.

Number of Travelex International Payments customers

100000000

Travelex International Payments Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Travelex International Payments Supported Languages

Month Savings
January $100
February $80

Travelex International Payments Review

Travelex International Payments review
Pros and Cons of Transferring Money with Travelex International Payments

Most of the time money transfers with Travelex International Payments will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Travelex International Payments money prior to submitting an application to Travelex International Payments.

Can you easily afford the Travelex International Payments fees, are the exchange rate costs reasonable with Travelex International Payments?

Travelex International Payments review
Travelex International Payments Advantages

  • Travelex International Payments has been in business over 4 years
  • Travelex International Payments offers a wide range of money transfer currency options.
  • Travelex International Payments offers phone support.
  • Travelex International Payments offers email support.
  • Travelex International Payments offers an Apple iOS mobile application.
  • Travelex International Payments offers an Android Google Play Store mobile app.

Travelex International Payments review
Travelex International Payments Disadvantages

  • Travelex International Payments does not offer PayPal as a payment method
  • Travelex International Payments does not offer Neteller as a payment method
  • Travelex International Payments does not offer Skrill as a payment method
  • Travelex International Payments is not availble in as many countries as other money transfer services.
  • Travelex International Payments does not offer a mobile wallet.
  • Travelex International Payments does not offer Home delivery for money transfers.
  • Travelex International Payments does not offer Cash pickups for money transfers.
  • Travelex International Payments does not offer Money orders.
  • Travelex International Payments does not offer Livechat support.

What Is Travelex International Payments?

Travelex International Payments is a financial service company, that offers its clients money transfer services.

Travelex International Payments was founded in 1976 by Donald Muir and has offices in London, UK.

Travelex International Payments provides money transfer services to its 100000000 customers who are from all over the world including UK, Europe.

The London, UK Travelex International Payments business was founded in 1976 to deliver money orders locally and internationally.

Do Travelex International Payments Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Travelex International Payments Trusted And Established?

Travelex International Payments is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Travelex International Payments was established in 1976 in London, UK, and has been in operation for around 48 years Travelex International Payments have a head office in London, UK.

Travelex International Payments review
How much does it cost to send a Travelex International Payments Transfer?

Travelex International Payments money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Travelex International Payments only charges 0-5$, when compared to other money transfer service providers.

Travelex International Payments review
How much can I send with Travelex International Payments?

The maximum transfer amount with Travelex International Payments is up to none (or its currency equivalent) online.

While Travelex International Payments charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Travelex International Payments review
Travelex International Payments Money Transfer Terms and Conditions

When transferring money with Travelex International Payments, it is crucial to keep tabs on the following:

  1. Travelex International Payments Speediness. Often the need to money transfer may be urgent and time critical.
  2. Travelex International Payments Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Travelex International Payments Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Travelex International Payments Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Travelex International Payments Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Travelex International Payments customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Travelex International Payments review
How Travelex International Payments Compares To Other Money Transfer Companies

NameTravelex International PaymentsXE Money TransferWise Multi-Currency Account
Usedby10000000028000000011000000
Transfer Time1-2 business days1-4 business days1-2 business days
Min Transfer200 AUDUS$1.001 USD
Max TransfernoneUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment Methodsglobal payment platformBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Travelex International Payments review
Travelex International Payments Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Travelex International Payments or imposed by Travelex International Payments. Your Travelex International Payments money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Travelex International Payments account.

Travelex International Payments review
Travelex International Payments Fees & Exchange Rates

Several money transfer platforms like Travelex International Payments charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Travelex International Payments may charge for a currency exchange.

Travelex International Payments review
Travelex International Payments Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Travelex International Payments charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Travelex International Payments review
Travelex International Payments Exchange Rate Margins

Exchange rate margins are how Travelex International Payments, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Travelex International Payments quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Travelex International Payments to see what their exchange rate margin is.

Travelex International Payments review
Travelex International Payments Methods to Transfer Funds

A Travelex International Payments fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Travelex International Payments enables users to transfer money using bank transfer, via none.

Travelex International Payments review
Travelex International Payments Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Travelex International Payments offers every available world currency to its customers. We list the major Travelex International Payments supported currencies below.

Travelex International Payments Money Transfer Currencies
NameCurrencies
GBP, EUR, USD, AUD, CAD, NZD, ZAR, AED, CHF, TRY
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Travelex International Payments review
Travelex International Payments Transfer Options

Travelex International Payments offers the following transfer options:

Travelex International Payments Money Transfer Options Compared
NameTransfer Options
bank account, visa, credit card
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Travelex International Payments. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Travelex International Payments review
Who Travelex International Payments Services Are Available To

Travelex International Payments offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Travelex International Payments Country Restrictions

Travelex International Payments does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Travelex International Payments is not allowed to legally operate in those regions or it is not economically viable for Travelex International Payments to provide money services in these regions.

Travelex International Payments review
Travelex International Payments International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Travelex International Payments money transfer is quick and simple with the modern Travelex International Payments online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Travelex International Payments website.

The Travelex International Payments website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Travelex International Payments review
Travelex International Payments Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Travelex International Payments has a minimum transfer amount of 200 AUD.

Travelex International Payments review
Travelex International Payments Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Travelex International Payments does not have a maximum transfer limit when the user is paying through phone. There is however, a none limit per transaction for online transfers.

Travelex International Payments review
Travelex International Payments Money Transfer Fees and Charges

These are the fees charged by Travelex International Payments and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Travelex International Payments review
How Long Does It Take to Get a Travelex International Payments Money Transfer

Travelex International Payments money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Travelex International Payments, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Travelex International Payments.

Travelex International Payments review
Travelex International Payments PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Travelex International Payments is not a publically listed company. Travelex International Payments is a privately owned company.

Travelex International Payments review
Travelex International Payments Money Orders

The charges for issuing money orders with Travelex International Payments are 0-5$.

Travelex International Payments review
Travelex International Payments Mobile Top Up

Travelex International Payments offers mobile top ups.Travelex International Payments mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Travelex International Payments COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Travelex International Payments directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Travelex International Payments Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Travelex International Payments. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Travelex International Payments money transfers are best for people looking for looking for a reliable fast money transfer service.

Travelex International Payments Guide for Fast Money Transfer Approval

For Travelex International Payments to be able to process your money transfer application as quickly as possible make sure you have everything Travelex International Payments need. If you and Travelex International Payments need to go back and forth it may delay the Travelex International Payments application process. Make sure every piece of information you give Travelex International Payments is accurate.

Please note that you must have at least a minimum of one active bank account for Travelex International Payments to process your money transfer.

Travelex International Payments Application Time

Application time refers to the amount of time you have to wait for your Travelex International Payments registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Travelex International Payments system.

Travelex International Payments Approval Time

It is the time it takes for Travelex International Payments money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Travelex International Payments Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Travelex International Payments money transfer has been approved the money should be in your account within four working days.

Travelex International Payments review
Things to Check Before a Travelex International Payments Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Travelex International Payments money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Travelex International Payments review
Travelex International Payments Customer Support

Travelex International Payments support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Travelex International Payments customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Travelex International Payments money transfer you will want to speak to a Travelex International Payments representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Travelex International Payments review
Does Travelex International Payments Offer Live Chat?

Customers can reach out to Travelex International Payments through live chat to resolve Travelex International Payments money transfer account issues or difficulties with their Travelex International Payments account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Travelex International Payments review
How does Travelex International Payments Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Travelex International Payments you will want to know how Travelex International Payments compares with other leading online money transfer companies. See how Travelex International Payments compares below.

  1. Visit Travelex International Payments alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Travelex International Payments alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Travelex International Payments alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Travelex International Payments alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Travelex International Payments alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Travelex International Payments alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Travelex International Payments alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Travelex International Payments alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Travelex International Payments alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Travelex International Payments alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Travelex International Payments alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Travelex International Payments review
Travelex International Payments Website and Mobile Apps

Travelex International Payments has a website available online but it may be useful to manage your Travelex International Payments account from your mobile device like your tablet or phone.

Travelex International Payments offers an Android mobile application on the Google Play store.

Travelex International Payments offers an Apple IOS mobile application for iPhones and iPads allowing Travelex International Payments to users to check their Travelex International Payments accounts on their iOS mobile devices.

Travelex International Payments review
Travelex International Payments Deposit and withdrawal Methods

Travelex International Payments offers the following Money Transfer payment methods: global payment platform. All of significant bank systems are all acknowledged with Travelex International Payments.

Travelex International Payments offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Travelex International Payments may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Travelex International Payments.

Travelex International Payments review
Is My Money Safe With Travelex International Payments?

Travelex International Payments is a reliable, secure, and trusted option for sending money overseas. Travelex International Payments are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Travelex International Payments customers.

Travelex International Payments review
Travelex International Payments Financial Regulation and Safety of Travelex International Payments Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Travelex International Payments that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Travelex International Payments is fully licenced as a money transfer company.

Travelex International Payments review
Travelex International Payments Payment Services Regulations and Travelex International Payments

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Travelex International Payments is financially regulated. Travelex International Payments is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Travelex International Payments Possess a responsibility of care to their clients.

Is Travelex International Payments Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Travelex International Payments are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Travelex International Payments and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Travelex International Payments Segregation of Client Funds

Travelex International Payments as part of their regulation are required to segregate client funds from Travelex International Payments company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Travelex International Payments regulatory requirements mean that Travelex International Payments Money Transfer funds and your funds should be totally separate. Travelex International Payments cannot use any money that is still legally yours to conduct Travelex International Payments daily business like paying Travelex International Payments suppliers and costs. Your funds should be kept by Travelex International Payments in a segregated bank account.

Travelex International Payments Regulation Checklist

  • Check whether Travelex International Payments has authorisation to offer consumer credit
  • Check the type of activities that Travelex International Payments are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Travelex International Payments list on their website and the regulator match.

Travelex International Payments Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Travelex International Payments goes to great lengths to protect your Travelex International Payments account from fraudulent use. We explain some of Travelex International Payments anti-fraud features below:

  1. Travelex International Payments has SSL encryption that protects the customer's private information.
  2. Travelex International Payments has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Travelex International Payments platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Travelex International Payments account, as you are instantly aware of every Travelex International Payments transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Travelex International Payments, the Travelex International Payments accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Travelex International Payments delivery instructions.

Travelex International Payments Monitors Your Account for Suspicious Transactions

Travelex International Payments has systems and controls in place to detect fraudulent activity and protect Travelex International Payments client accounts from misuse. If Travelex International Payments detect a questionable transaction on your Travelex International Payments account, Travelex International Payments will contact you to verify the transactions legitimacy to ensure your Travelex International Payments funds are safe.

How Does Travelex International Payments Make Money?

Travelex International Payments and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Travelex International Payments also earn money via foreign exchange rates.

Money transfer companies like Travelex International Payments and banks need to survive, so they make money on interest from accounts and money transfers.

Travelex International Payments Frequently Asked Questions

We list some of the most frequently asked Travelex International Payments questions below.

Is there a limit to how much I can transfer with Travelex International Payments?

You can transfer up to none at a time.

When will I receive my Travelex International Payments transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Travelex International Payments transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 1800 440 039.

How old do you have to be to sign up to a Travelex International Payments account

To signup to a Travelex International Payments account you will need to be at least 18 years old.

Travelex International Payments review
Is Travelex International Payments a Scam?

Travelex International Payments have been in operation since 1976 and have over 100000000 customers and 5437 employees. Travelex International Payments is not a scam.

Travelex International Payments review
Sending money online with Travelex International Payments

Sending money with Travelex International Payments is a single process once you have registered and verified your Travelex International Payments account and payment methods.

  1. Go to the Travelex International Payments website
  2. If you have a Travelex International Payments account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Travelex International Payments how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Travelex International Payments exchange rate and any fees.
  7. Pay for your Travelex International Payments transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

Travelex International Payments review
How do I receive money from a Travelex International Payments money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Travelex International Payments account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Travelex International Payments money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Travelex International Payments allows for a deposit directly into your bank, credit union or other financial account.

Travelex International Payments Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Travelex International Payments allows you to pick up money in person at a Travelex International Payments agent location.

Travelex International Payments Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Travelex International Payments Does not support mobile wallets.

Travelex International Payments Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Travelex International Payments do not offer home delivery money transfers.

When was Travelex International Payments founded?

Travelex International Payments was founded in 1976.

Is Travelex International Payments Any Good?

Travelex International Payments have a rating of 3 and are financially regulated, Travelex International Payments can be considered a good money transfer company.

Is it easy to close my Travelex International Payments account?

Its is easy to close you Travelex International Payments account. You will have to make sure any outstanding payments and fees due to Travelex International Payments are paid in full Before Travelex International Payments will fully close your account. Make sure when closing your account Travelex International Payments send you an official confirmation that your account is closed and no more monies are due to Travelex International Payments.

Does it take long to setup a Travelex International Payments account?

No, setting up a Travelex International Payments account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Travelex International Payments account in 1-3 days.

Where are Travelex International Payments based?

Travelex International Payments are based in London, UK

Countries where Travelex International Payments is legal?

Travelex International Payments is legally allowed to operate in over 4 countries.

How do I track a Travelex International Payments Money Transfer

You can track a Travelex International Payments money order by calling Travelex International Payments or by tracking the order online. Call Travelex International Payments number on 1800 440 039. The Travelex International Payments automated phone system will take a few details and give you a status update. You can go online to the Travelex International Payments website and check the status of a money transfer at any time.

If you have a Travelex International Payments online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Travelex International Payments transaction, use the Travelex International Payments payment reference number on the Travelex International Payments website to check the status of the transfer.

Can I cancel my Travelex International Payments transfer?

The way that you cancel a Travelex International Payments transfer depends on how you created and sent the Travelex International Payments money transfer originally.

You may need to contact Travelex International Payments by phone on 1800 440 039, through their website at www.travelex.co.uk or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Travelex International Payments.

If you made the Travelex International Payments transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Travelex International Payments account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Travelex International Payments transfer on their website.

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