Yes, as long as you know who your travel money provider is and have researched them, including reading their trustpilot reviews. However are they offering you the best exchange rate?
But how secure is buying currency online?
Buying currency online can be quite daunting, but providers will have safeguards in place. Some examples are:
Providers will call up customers after a currency order has been placed to confirm their identity
Any money delivered must be signed for on receipt
Most providers will not deliver to any address apart from a customer’s home
If you aren’t sure about a certain provider, it’s worth considering the track record of the company you’re using. Go for larger brands that have a good reputation and you should be okay. As will all online purchases be vigilant when paying online.
Other areas of consideration
Purchasing cash is generally an expensive way of accessing travel money. Holidaymakers are much better off using a travel card and then taking a small sum of cash out on their arrival. Travel money cards will generally provide you with the best rate, making them a much better alternative to cash. Cash is also not protected, if you lose your cash or your cash is stolen, you’re out of luck, whereas cards can be frozen and replaced quickly and remotely.
Currensea can save you over £290 compared to your bank, supermarket, Post Office
Savings are based on a two week family holiday in Florida
TOTAL CHARGES, %
TOTAL CHARGES, £
CURRENSEA ELITE & PREMIUM PLAN
0%
£0
CURRENSEA ESSENTIAL
0.5%
£46.13
RBS
3.27%
£301.71
BARCLAYS
3.51%
£323.86
HSBC
3.38%
£311.50
LLOYDS
4.03%
£371.86
SANTANDER
3.63%
£334.61
TSB
4.56%
£421.20
…vs high street banks
You still get all the security of using your bank account, just without the fees. It’s as simple as that.
TOTAL CHARGES, %
TOTAL CHARGES, £
CURRENSEA ELITE & PREMIUM PLAN
0%
£0
CURRENSEA ESSENTIAL
0.5%
£46.13
CURVE + £4.99 card delivery
2.58%
£238.29
CAXTON
2.25%
£207.60
FAIRFX
2.27%
£209.60
TRAVELEX
4.40%
£405.98
CANNYAPP
4.52%
£417.05
POST OFFICE
4.53%
£418.20
…vs travel money and prepaid travel cards
With Currensea's travel debit card you don’t have to worry about topping up or juggling currencies. We automatically give you the best exchange rate, every single time you spend.
