Travelex business transfers review May 2019 |

Review: Travelex international money transfers for businesses – May 2019

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Competitive exchange rates backed by a Price Promise for better deals on your money transfers.

You’ve likely seen a Travelex kiosk at your local international airport, perhaps even in a large city’s downtown tourist area. Among the leading independent forex businesses worldwide, Travelex allows for easy currency exchanges on the go.

Product NameTravelex International Money Transfers business
Min. Transfer AmountUSD 500
Max. Transfer AmountNo limit
Transfer Methods
Online, Phone,
Transfer Options
Regular payments, One off payments, Market orders, Forward contracts, ...
Transfer Speed
Minimum transfer time
2 days
Customer Service
Phone, Email
Online Transfer Fee$5
Phone Transfer Fee$5
Exchange Rate UpdatesReal time


  • Low transfer fees
  • Easy access while you travel in 109 airports, 1,500 retail stores, and 1,400 ATMs
  • Exchange rates can be locked in with forward contracts and limit orders
  • 24-hour customer support


  • Minimum of $500 for international payments
  • International payments are limited to bank-to-bank transactions
  • May not be cheapest in comparison to other providers

But it’s also a leading money transfer specialist, helping international businesses to securely pay clients and suppliers in more than 50 countries. You can set up one-off transfers of $500 or more at strong real-time rates or take advantage of spot deals, limit orders or forward contracts on transfers of up to a year into the future.

While Travelex no longer operates a specific global payments division, it advertises a tailored payment solution for international businesses. Through its proprietary technology, you just might be able to integrate its strong rates and low fees into your existing business platforms.

What is Travelex’s Online Price Promise?

For US customers, Travelex promises to give you the best online price on your money transfer. If you find a better overall price elsewhere — including commissions and fees — let Travelex know within 14 days, and it refunds up to $100 of the difference against what you paid. Because prices depend on live exchange rates, this promise is limited to competitor rates found for the business day on which you made your Travelex purchase.

What can Travelex offer my business?

Travelex used to operate a division dedicated to international payment solutions. Today, it continues to advertise the ability to help businesses benefit from its strong rates and low fees through seamless technology.

For these services, you work with a corporate rep to tailor your needs, noting the countries you work in, the type of transactions you conduct and your expected remittances and payments. Travelex then creates either a standalone platform for your employees or a solution that integrates with your existing platform.

More typical business tools include forward contracts and limit orders, agreements that help you lock in today’s favorable rates or specify the rate you’d like to lock in for transactions up to a year in the future.

Services come with 24/7 support and the competitive rates you can expect from this money specialist.

What is Travelex’s relationship to Western Union?

Travelex used to provide business-to-business services through its Global Business Payments division. That changed in 2011, when global payment giant Western Union acquired Travelex Global Business Payments for some $968 million.

The acquisition appears to have moved most of Travelex’s corporate services to Western Union, though its site continues to advertise corporate solutions for international businesses.

How are Travelex’s exchange rates?

Travelex’s rates will likely beat your local bank’s. But depending on how much of your business is international payments, you might be able to find another independent money specialist offering close to the mid-market rate — or the rate banks and specialists use when trading among themselves.

Travelex guarantees its rates on one-off transfers, offering to refund you the difference if you find a better deal through a competitor. It looks at the total price you paid, including the rate and fees, including those specific to your method of payment.

Calculate your exchange rate

I want to send


Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
Travelex International Money Transfers business USD 500 2 days USD 5 0.896 EUR 4,477 Travelex offers international business solutions with no transaction fees and easy to access services in 80 currencies and over 175 countries. Show details

Compare up to 4 providers

How much will my business pay to send money with Travelex?

Travelex charges no fee for transfers of $5,000 or more and a flat $5 for all other transfers. If you transfer money within a month of opening a Travelex account, your first transfer is typically free.

Depending on the volume of your international payments, your business could save more with Travelex’s tailored corporate services.

What types of transfers can my business make?

You can schedule international bank-to-bank payments to satisfy clients, suppliers or associates. Aside from one-off transfers, spot deals allow you to lock in a rate for up to two days, whereas forward contracts can lock in today’s rate for a transfer you plan to send within a year.

For transfers of $20,000 or more, a limit order helps you to specify a desired exchange rate that Travelex uses to monitor the market, automatically transferring your money as soon as the market reaches that rate.

Pros and cons of using Travelex for business


  • No fees for large transfers.Pay no fee on transfers of $5,000 or more and a low $5 on all other transfers.
  • Integrated business possibilities.Talk to a Travelex rep about its ability to tailor a standalone or integrated payment solution to your specific needs.
  • Hedge the market.Get the rate you desire with spot deals, forward contracts and limit orders.
  • Quick turnaround.Most transfers are delivered within three days, depending on the destination country.


  • May not be cheapest.If you conduct a lot of business overseas, you may save more through the corporate services of another specialist.
  • Limited business services.In 2011, Travelex sold most of its international business services to Western Union, weakening the comprehensiveness of its offerings.
  • Minimum $500 transfer.If you owe a client overseas anything less, you’ll have to look elsewhere.

How do I make international payments with Travelex?

To send money with Travelex, start by registering for an account online. You’ll submit your personal and financial details, agreeing to Travelex’s terms and conditions. After you complete registration, a representative contacts you to discuss your requirements and set you up with transfers.

After fully registering your account, you transfer money into it through electronic funds transfer. From there, you can set up transfers with your recipient’s personal and banking information, specifying how much you’d like to send. If the rates and fees that apply to your transaction look good, approve it to confirm the transfer.

What do I need to transfer money with Travelex?

For typical one-off or scheduled transfers, you’ll need:

  • The full name and contact information for your recipient.
  • Your recipient’s banking details, including the bank name, SWIFT code and account number.

Tailored business services may require additional information.

What happens next?

  • Track your transfer. Sign in to your Travelex account to see the progress of your money to delivery.
  • Set up recurring payments. Schedule regular transfers from your account’s dashboard.
  • Get support. Call 855-855-7292 or email for help.

What is Travelex?

Founded in the UK in 1976, Travelex touts itself as the world’s leading independent foreign currency exchange dealer. It operates more than 1,500 stores in 29 countries around the world at key airports, seaports, train and tourist locations and trading desks. It also operates 18 cash processing centers worldwide.

With Travelex, you can move money or schedule payments to bank accounts at stronger exchange rates than you’ll find with most banks. It also provides foreign exchange, prepaid travel cards and other money-related services.

Bottom line

While Travelex greatly reduced its services to international businesses in 2011, it’s still a leading provider of money transfers that come with strong rates and low fees.

But Travelex isn’t the only money transfer company out there. Learn more about providers focused on helping businesses with integrated foreign exchange and payment services in our guide to business transfers.

Frequently asked questions

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Logo for CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site