WeSwap travel money review | Card, app, and rates explained

Find out more about WeSwap's travel money options with our useful guide.

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WeSwap

Download WeSwap today for free

Sign up today using the button below to load £5 onto your card for free.

  • A global travel card and app
  • Save up to 90% vs banks & bureaux
  • Each WeSwapper gets a WeSwap card, load it up using £s
  • Use your contactless Mastercard for holiday essentials

What is WeSwap?

WeSwap’s Mastercard allows travellers to spend money anywhere in the world, swapping Sterling for Euros, Dollars and 15 other currencies. As well as being able to swap money into any currency, users’ home WeSwap matches travellers heading in opposite directions and directly swaps their travel money. Based in London, WeSwap was fully launched in 2015 and currently supports 18 different currencies.

Good for any potential traveller to bear in mind, however, is that while the traditional way of getting travel money is all well and good, there’s a range of digital apps that can make the process even simpler. These include Starling, Revolut and Monzo. If these new age solutions float your boat, you can read our guide to learn more about them.

Read on to find out more about what WeSwap has to offer, and whether you should get your travel money through them before you go abroad.

How does WeSwap work?

WeSwap simply swaps your currency directly with other travellers. Here’s a step by step guide to how the process works:

  1. Load. Each customer gets a WeSwap card. You load it up securely with £s using your debit card or online account (you don’t need one).
  2. Swap. You then select which currency you need. WeSwap takes care of then swapping the money with other travellers.
  3. Spend (& enjoy!). Once this has been done, your card will now have some new currency on it. The card is then ready to use worldwide wherever MasterCard is accepted.

What currencies can I order through WeSwap?

Here’s a list of some of the main currencies that are available with WeSwap:

  • Euro (EUR)
  • Norwegian Krone (NOK)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • Hungarian Forint (HUF)
  • Polish Zloty (PLN)
  • Singapore Dollar (SGD)
  • New Israeli Sheqel (ILS)
  • Turkish Lira (TRY)
  • South African Rand (ZAR)
  • New Zealand Dollar (NZD)
  • Canadian Dollar (CAD)
  • Croatian Kuna (HRK)
  • US Dollar (USD)
  • Danish Krone (DKK)

How much can I transfer with WeSwap?

For your security as well as WeSwap’s, there are some limits on how much you can load onto your WeSwap card – and how much you can carry on your card at once.

Minimum you can load: £50 or equivalent in other currencies.

Maximum single load: £3,000 or equivalent or equivalent in other currencies.

Maximum you can load in one year: £12,000 or equivalent in other currencies. This means that you cannot load more than £12,000 during any given year.

Maximum you can carry at one time: £6,000 across all currencies. This means that you cannot have more than £6,000 on your WeSwap card at any time.

Remember, it’s free to load your WeSwap card.

How soon can I get my money?

Perhaps the biggest downfall of WeSwap is the fact that you have to wait for your card to arrive. This takes 3-5 days.

WeSwap can be a great option if you’re planning a trip in advance, but less convenient for those who forget their travel money and need a quick solution just before they jet off.

How safe is my money?

Money is uploaded securely through your bank’s online payment services – so this aspect of the transfer is totally secure.

Are there any fees I might have to pay?

It’s completely free to use your WeSwap MasterCard online or at point of sale.

Where you should expect to incur fees is at ATMs. You are able to withdraw twice a day for free if the withdrawal is £200 or more. For smaller withdrawals, you will incur a charge of £1.50 per withdrawal.

It’s a good idea to withdraw larger amounts less often. (This is a general rule of thumb for all travel money providers!)

It’s always free to use your card to spend at shops and restaurants, so it’s recommended that you pay with your WeSwap card rather than with cash whenever possible.

Here’s a table of WeSwap’s fees:

Swap SpeedFee Charged
Immediate Swap2.0%*
3 Day Swap1.3%
7 Day Swap1.0%

*For all users who registered prior to 08/05/2017, the immediate swap fee is 1.4%

And here’s a table of the other additional fees WeSwap may charge:

Additional FeesFee Charged
Replacement Card£5
Chargeback Fee£10
Administration Fee*
Inactivity Fee**£2
Refund Fee£5
Stamp Duty***€5

* This fee is chargeable under certain rare circumstances (if you request an additional service from us which we normally do not provide), but we will always notify you in advance if and when the fee applies.

** Monthly fee applied after 12 consecutive months of inactivity.

*** Annual fee for residents of the Republic of Ireland only. This is deducted from the balance on the account, or from the first load of the year.

What’s the alternative?

A strong alternative to getting your travel money with WeSwap is to do so with a digital banking app. Leaders in this field, such as Starling, Revolut and Monzo, offer travel money with zero transaction and withdrawal fees. It can also be managed from anywhere in the world, and “topped up” easily and for free, as this is done in exactly the same way standard bank transfers are.

Compare travel money services

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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15 Responses

  1. Default Gravatar
    FionaJune 20, 2019

    My daughter is going to stockholm to a festival and we have just learnt that it is cash free and she needs a prepaid card….will she be able to use it multiple times in a day at foodstalls/bars etc?

    • Avatarfinder Customer Care
      fayemanuelJune 21, 2019Staff

      Hi Fiona,

      Thanks for getting in touch with Finder.
      Your daughter can make up to 15 transactions per 24-hour period using her WeSwap card. In most case’s she can spend the full balance on her card.

      I hope that helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Faye

  2. Default Gravatar
    ClarkeFebruary 28, 2019

    Hi!
    I’m in the UK.
    I’m going to Thailand and Vietnam.
    Their currency is not listed. How would the transaction work and should I load the card in Euros or Sterling?

    Thanks

    • Avatarfinder Customer Care
      JoshuaMarch 3, 2019Staff

      Hi Clarke,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      Since Thailand and Vietnam are not part of the supported currencies, WeSwap would charge you a flat 2% fee when you withdraw cash from an ATM in those countries. You would need to load GBP or Sterling to your card.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    sibyllaNovember 11, 2018

    Hello. I’m travelling through Central America for three months. So would the WeSwap card be good for this? I’m concerned that my bank debit card may not be accepted at ATMs.

    • Avatarfinder Customer Care
      CharisseNovember 15, 2018Staff

      Hi Sibylla,

      Thanks for reaching out to finder.

      WeSwap now works in any country, wherever the Mastercard acceptance mark is displayed so you should be able to use it in Central America.

      You can use WeSwap to convert your GBP into any of their 18 supported currencies in advance or as you go. Simply load up your card with your home currency and use it for spending while you are in Central America. WeSwap charges a 2% instant conversion fee.

      Click on the “Go to site” button on this page, above to go to WeSwap’s website and learn more about its features.

      I hope this helps.

      Cheers,
      Charisse

  4. Default Gravatar
    JoanneOctober 19, 2018

    Hi, we will go on a holiday tomorrow and the money is still in £ in my WeSwap account. Can I use my card in France like this or does it have to be converted over to Euros to be able to use it in France?

    • Avatarfinder Customer Care
      CharisseOctober 20, 2018Staff

      Hi Joanne,

      Thanks for reaching out to finder.

      Aside from being able to swap your local currency to any other currencies supported by WeSwap wallet, you can also use your WeSwap Mastercard to spend in France using your GBP and it will be automatically converted to Euros on the spot. WeSwap will be using the Mastercard foreign exchange rate, which is the same fee as their 2% instant swap fee.

      I hope this helps.

      Cheers,
      Charisse

  5. Default Gravatar
    SimomSeptember 12, 2018

    What atm can I use in the USA without been charged a fee for taking out $250

    • Avatarfinder Customer Care
      joelmarceloSeptember 13, 2018Staff

      Hi Simon

      Thanks for leaving a question on finder.

      You will not be paying for any fees if you withdraw £250 from an ATM or it’s equivalent in USD. You are able to withdraw twice a day for free if the withdrawal is £200 or more. For smaller withdrawals, you will incur a charge of £1.50 per withdrawal. As a rule of thumb for travel money cards, always withdraw larger amounts less frequently to incur less fees.

      Cheers,
      Joel

  6. Default Gravatar
    dianaJanuary 29, 2018

    what does swap speed mean?

    • Avatarfinder Customer Care
      AshFebruary 16, 2018Staff

      Hi Diana,

      Thank you for reaching out to us.

      The Swap Speed refers to the turnaround time for your current currency to be converted and loaded to your WeSwap card. Here are the updated SWAP fees:

      Immediate Swap – 2.0%
      3 Day Swap – 1.3%
      7 Day Swap – 1.0%

      In case that your Swap request has been completed earlier, you will always be charged by the equivalent swap fee (depends on the request).

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Ash

    • Avatarfinder Customer Care
      AshFebruary 16, 2018Staff

      Hello Diana,

      Thank you for reaching out to finder.

      The Swap Speed refers to the turnaround time for your current currency to be converted and loaded to your WeSwap card. Here are the updated SWAP fees:

      Immediate Swap – 2.0%
      3 Day Swap – 1.3%
      7 Day Swap – 1.0%

      In case that your Swap request has been completed earlier, you will always be charged by the equivalent swap fee (depends on the request).

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Ash

  7. Default Gravatar
    TravellerJuly 23, 2017

    I see that WeSwap offer to provide foreign cash (rather than onto a card) with free delivery over £750 and a competitive rate. How safe will my money be if I place an order and has anyone experienced this service?

    • Avatarfinder Customer Care
      AnndyJuly 30, 2017Staff

      Hi there,

      Thanks for your question.

      WeSwap is a legitimate travel money option. It is issued by IDT Financial Services Ltd. and they have permits and licenses to operate.

      You may click the “go to site” button on our page if you’d like to read more reviews about how it works.

      Cheers,
      Anndy

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