Travelex International Payments Review

Information verified correct on February 24th, 2017

Enjoy fee-free transfers to 177 countries around the world when you send more than $5,000 overseas with Travelex

Travelex is a globally recognized provider of foreign currency services. As part of its services, Travelex International Payments allows customers to send money overseas to 177 countries. With more than 45 currencies supported and a simple online transfer process, Travelex allows you to send funds to your intended recipient on the other side of the world as quickly as possible.

In addition, if you transfer an amount larger than $5,000 you will not have to pay any transfer fee, which, combined with Travelex’s competitive exchange rates, helps make international money transfers more affordable. And if you register now, your first transfer is free.

Product NameTravelex International Money Transfers
Min. Transfer AmountUSD 500
Max. Transfer AmountUSD 3,000
Transfer MethodsOnline
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
2 days
Banking PartnerTravelex (USA)
Customer ServicePhone, Email, Branch
Available CurrenciesAED, ANG, ARS, AUD, AWG, BBD, BGN, BHD, BMD, BND, BRL, BZD, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, DOP, EUR, FJD, GBP, GTQ, HKD, HRK, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KYD, LKR, MAD, MXN, MYR, NIO, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, QAR, RUB, SAR, SBD, SCR, SEK, SGD, THB, TND, TOP, TRY, TTD, TWD, USD, UYU, VND, VUV, WST, XCD, XPF, ZAR
Online Transfer FeeUSD 9.99
Exchange Rate UpdatesReal time

Pros

  • Home delivery available
  • Wide range of currencies available
  • Trusted brand

Cons

  • May not have the most competitive exchange rates

Fees and exchange rates

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 features a very simple fee structure. If you’re sending an amount less than $5,000, a flat fee of $5 will apply to your transaction. For transfers $5,000 or greater, the transfer fee is waived altogether. In other words, you can send larger amounts of money overseas without incurring any transaction fees.

Minimum transfer amount and available countries

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 177 countries; however, there are certain destinations to which Travelex will not transfer funds.

These blocked countries include:

See how other services compare to Travelex

Rates last updated February 24th, 2017

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What types of transfers can I make with Travelex?

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:

Additionally, Travelex is backed up by 24/7 customer service, with phone and email support available if you need help to complete a transaction.
How safe is Travelex?

The registration and transfer process

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.
How to transfer money with Travelex

Pros and cons of using Travelex

Pros

  • Worldwide access. With the ability to send funds to 177 countries, Travelex can take care of the international money transfer needs of a wide variety of customers.
  • Multiple currencies. Travelex supports international money transfers in more than 45 currencies.
  • Fee-free transfers. Send more than $5,000 in one transaction and you won’t have to pay any fees. Even if you send less than $5,000, a flat fee of just $5 is still a manageable expense.

Cons

  • No cash. Travelex does not allow you to pay for your transaction in cash, and your recipient is not able to collect the cash you send from a Travelex agent in person.
Looking for an alternative? Compare services like Travelex to get the best rates and fees.

Frequently asked questions about Travelex

What is the minimum amount I can send?

The smallest amount you can send using the Travelex International Payments service is $500.

Are checks an acceptable method of payment?

No. Travelex International Payments does not allow you to pay for your transfer with a check.

What can I do if I need help with a transaction?

Travelex service is backed up by 24/7 customer support, so you can get in touch with Travelex by phone or email whenever you need assistance.

How do I know what the exchange rate will be for my transfer?

When you enter the details of your international money transfer, you’ll be able to review the exchange rate and any fee that applies to your transaction. If you’re not happy with the rate, you don’t have to go through with the transfer.

Can I lock in an exchange rate ahead of time?

Yes. Travelex allows you to take advantage of favorable market conditions by taking out a forward contract when a suitable exchange rate is available.

Can my recipient pick up the cash from an agent location?

No. The funds will be sent to your recipient’s bank account.

Travelex offers a competitive international transfer service to customers around the United States, and 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.

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