Things to remember when buying foreign currency

The holiday is booked and just around the corner so it’s time to get your spending money!


by Jack White |
Published on

Obviously you want the best rate when it comes to exchanging your cash, so here are some things to think about when buying travel money.

Do pay for currency with a debit card

Most credit card company’s class buying foreign currency as a cash withdrawal, which means you will be charged and may have to pay interest.

Don’t buy currency at the airport

Everyone’s been there: you get to the airport and you have the horrible realisation you don’t have any euros/dollars etc. But if you buy from the airport, you’ll end up paying extortionate rates. Plan ahead!

Avoid buying currency at the airpot – the rates are usually the highest there!
Avoid buying currency at the airpot – the rates are usually the highest there!

Do order currency online in advance

For the best possible rate you should order your currency online in advance. Even places like the Post Office offer better exchange rates online than if you go into store.

Don’t withdraw currency from your credit card abroad

Try to avoid this where possible and use your debit card if you need a top up. If you withdraw from your credit card, you’ll have to pay a Foreign Currency Charge, a withdrawal charge and possibly interest.

Here’s some of the best places to exchange your money online


Best travel money exchange rate sites

Sainsburyu2019s Bank1 of 5

Sainsbury’s Bank

0% foreign currency commissions, order before 2pm online or by 2.30pm on the phone for free next day home delivery (Mon-Thurs)□

Debenhams2 of 5


0% foreign currency commissions, free £5 Debenhams gift card when you exchange over £

Post Office3 of 5

Post Office

0% foreign currency commissions, free home delivery on orders over £400 (Mon-Thurs), order before 3pm for next day home delivery or in branch

American Express4 of 5

American Express

0% foreign currency commissions, home delivery or collection from Birmingham airport, free delivery on orders over £

MoneyCorp5 of 5


0% foreign currency commissions, free next day delivery on orders over £500 (Mon-Fri), track with Royal

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