Currensea review

It's hoping to remove transaction fees and make travelling easier. Here's everything you need to know about the travel debit card.

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Currensea

Currensea: Travel debit card you need

  • Get your card now and control all your spendings with the Currensea app
  • No fees on non-sterling transactions
  • Contribute 75p and Currensea will plant a tree on your behalf
  • Don't pay extra for withdrawing money

What is Currensea?

Currensea is a “travel debit card” that wants to make your journeys easier by giving you the best rates and eliminating transaction fees. So you can rest assured that you’ll be getting the best deal and won’t throw off your budget with unexpected fees.

It was founded by ex-JPMorgan CTO Craig Goulding and banking entrepreneur James Lynn, both of whom wanted to remove all the extra charges that come with spending money abroad. Seeing that there was no card really addressing this, they created the UK’s first travel money card that links directly to your bank account. This means you won’t have to worry about the hassle of getting another card or having money leftover or locked up in prepaid cards or separate bank accounts.

How does it work?

Currensea’s debit card works by connecting to your high-street bank account, so there’s no need to worry about the hassle that goes with signing up for a new bank account. Registering for a Currensea card takes minutes and does not require much formality or unnecessary effort.

After signing up, you just connect Currensea with your main bank account and activate your debit card once you receive it. After this, any time you use your Currensea card, you won’t have to worry about transaction fees and you can rest assured knowing that you’ll be getting the best rates.

Is it safe?

Currensea is regulated by the Financial Conduct Authority and is registered to use open banking technology. Plus, it connects to your existing bank account and only makes transactions via direct debit on authorised transactions. It can’t access or store your online banking credentials, so you can rest assured that your money will be safe when using the service.

The verdict

While Currensea is still in beta, it remains an exciting new bank card that addresses a very practical but overlooked concern. This is one bank card that we will definitely be keeping an eye on as it launches. It’s expected to become fully available early this year, so make sure to look out for it!

Compare Currensea against its competitors

Data indicated here is updated regularly
Name Product Can you get cash? Do you get a free card? Can you load money on an app?
WeSwap
WeSwap has everything you need when it comes to travel money. It offers a debit card and app, or if you prefer cash you can get that too. Signing up takes a few minutes and the card arrives in 3-5 days.
Starling Bank
Starling offers a debit card and app (you can't get travel cash). Starling charges zero fees for spending abroad and the app enables you to lock the card if you lose it while you're on holiday. Also doubles up as a UK current account.
Caxton
Caxton's currency card allows you to hold multiple currencies in one place. You can use it worldwide and won't be charged any ATM fees. All of that can be controlled from the Caxton app.
No 1. Currency
No. 1 Currency allows you to get travel cash delivered straight to your door, or you can pick it up in store. You can also sell leftover cash back to No.1 Currency.
Currensea
Currensea allows you to link your travel money card to your everyday bank account. Get your card now and control all your spendings with the Currensea app.
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