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Changing currencies, cash cards, etc.

Travel Forums General Talk Changing currencies, cash cards, etc.

1. Posted by Asfaloth (Budding Member 17 posts) 6y

Sorry I know someone posted something similar, I apologise if this is a common question.

I'm heading to London soon (from NZ), and I'm wondering about the best (I.e. cheapest and still safe) way to change money- and I'm curious how much you think would be sensible for say, two weeks on a pretty shoestring budget. I won't be doing much of the tourist thing- if they charge entry fees I probably won't bother! I'll be looking for work, can do the tourist thing another time.

Anyway, I've been looking at something called a cash passport- essentially a pre-loaded credit card, with Travelex, I think they're Visa (off the top of my head). The fees seem pretty heavy to me- 1% fee of the money you load on to it, plus 1.35 GBP (sorry no symbol on this keyboard) for each cash withdrawl- and you can only use it at ATMs, so they're always cash withdrawls. Now obviously you're wanting to do fewer withdrawls of larger amounts, but still seems high to me. No monthly account fees or anything (unless it's inactive for a year or something, but I'll worry about that bridge then). I'm told they've basically replaced travellers cheques..... Opinions?

Thanks in advance for any advice- I've never had to do this myself before!

2. Posted by doz_l (Budding Member 2 posts) 6y

I too would be interested to see if anyone else has tried the Cash Passport. I have just looked into this myself, but I wasn't told of a £1.35 charge for each withdrawal. I was told it was free which was the main reason why I looked into it, but if there is a change then I would prefer to use travellers cheques.

3. Posted by Asfaloth (Budding Member 17 posts) 6y

Which company were you talking to? The one I was looking at was Travelex, which you can also get through one of the banks, but the bank I usually use have a different card which is similar, but charges differently.

4. Posted by doz_l (Budding Member 2 posts) 6y

I was also looking at Travelex, I'd like to know if anyone had used these and what would be their advice?