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Fastest Transfer Speed
$10
Minimum Transfer Amount
Unlimited
Maximum Transfer Amount
Travelex might not offer the mid-market exchange rate for your overseas money transfer but you’ll always get real-time rates and see any fees that apply upfront. This makes Travelex a strong contender for your online and in-store money transfers where you can make use of spot, forward and option contracts. Transfers can be delivered within two days and can be sent to your recipient’s bank account or debit card. Cash pick-up is only available in the Philippines.
Although never hidden, rates and fees do vary. For example, from Australia, you can benefit from zero fees on online transfers. While in the UK, you’ll pay at least 3% of the amount you send online.
Send money overseas without making a trip to the bank. Transfers start at $500, and Travelex’s Price Promise guarantees that you get the best exchange rate possible. Travelex supports 45-plus currencies and makes transfers to 50 different countries.
Travelex is so confident about its competitive rates, it challenges you to find a better price anywhere within 30 minutes — and they’ll beat it. Its standard transfer fee is $5 for transactions below $5,000 with a minimum transfer of $500. Better yet, transactions above $5,000 are free. Compare that to US banks, which charge between $25 to $30 for similar transfers.
As a specialist provider of a wide range of foreign currency services, Travelex is typically able to offer better exchange rates than those you’d find at most banks. Whenever you want to send money overseas, you’ll receive a display of the relevant live exchange rate, allowing you to calculate the amount of money that will arrive in your recipient’s bank account in their local currency.
Travelex allows you to transfer funds into your International Payments account via electronic funds transfer. You can then transfer money into bank accounts all around the world. The following options are available for sending your funds:
In order to send money overseas using the Travelex International Payments service, you’ll need to transfer an amount of at least $500. You can send your funds in more than 45 currencies to 50 countries; however, there are certain destinations to which Travelex will not transfer funds.
These blocked countries include:
Find out other alternatives to Travelex
Before transferring money through Travelex, you’ll need:
You’ll need to sign up for a Travelex account before you can transfer any funds. Registration can be completed online, which involves a simple process of providing your name, email address, country of residence and money transfer requirements.
Once you’ve registered you can transfer funds into your Travelex account via electronic funds transfer, and then you can start sending money overseas. You’ll need to provide details about how much money you wish to send, where you’re sending it and who you’re sending it to (including your recipient’s full name and bank account details).
Before you send any money, you will get a chance to review the exchange rate and fee that applies to your transaction. If you’re happy with the cost involved, you can send your funds to most locations around the world.
To work out the delivery time, add the amount of time it takes for your funds to be received by Travelex plus the amount of time it takes for a payment to arrive in your beneficiary’s account.
You can find a list of delivery times on Travelex’s website.
If there’s any delay, contact customer services at 877-414-6359 or online.orders.USA@travelex.com.
Travelex offers a competitive international transfer service to customers in the United States and around the world. Just ensure you compare the exchange rates, fees and benefits on offer with those of a number of other providers before deciding which company is best suited to handle your overseas money transfer.
Travelex is not currently available on Finder
Have you considered Remitly?
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.