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Travellers cheques

Travel Forums Australia / New Zealand & The Pacific Travellers cheques

1. Posted by richdarich (Budding Member 24 posts) 7y Star this if you like it!

Hi All,

I am off to Oz 11th September but I only get my last pay check on the 10th so is it possible to take £'s and get them changed into travellers cheques in Sydney? Thanks

2. Posted by mojorob (Moderator 1047 posts) 7y Star this if you like it!

Keep in mind that you'll face charges by the bank whenever you cash a travellers cheque (you might also be charged to buy them, but I'm not sure on that - in addition to currency exchange costs) as you're not one of their customers. I see from a different thread you're in Australia for about 2 months, so getting an Australian bank account might not be worthwhile.

Do you have an account in the UK with a Visa or Mastercard debit card (e.g. with Nationwide)? If so, using this card may be the easiest and possibly a cheaper way than travellers cheques (particularly if you need to cash in travellers cheques at banks on quite a few occasions).

Remember of course to take some Australian currency for when you first arrive, as it can be useful.

[ Edit: Edited on 03-Aug-2010, at 23:45 by mojorob ]

3. Posted by LoreleiLee (Budding Member 70 posts) 7y Star this if you like it!

I agree, take a Nationwide card with you. I used them when I was travelling around Oz and they were brilliant!

4. Posted by milby (Budding Member 16 posts) 7y Star this if you like it!

Nationwide now charge for taking money out over seas

5. Posted by Jess47 (Budding Member 40 posts) 7y Star this if you like it!

Ditto Milby, and I heard they're upping their rates from November which I'm peeved at since I just got the account as they originally only charged 1% (was nothing) and now raising it again - however apparently they are still one of the cheaper accounts to be with when taking out money overseas:

From their website:
Please note:
From 1 November 2010 we will introduce a commission charge and a cash withdrawal charge for transactions in currencies other than sterling. These will still be among the lowest in the market and will replace the existing 1% fee for transactions made outside the Visa Europe region. For full details please visit the FlexAccount changes section of our website.

6. Posted by jasonh2015 (Full Member 156 posts) 7y Star this if you like it!

Hi, When I left for Australia I got American Express travellers Cheques. They are accepted everywhere, and I'll be doing the same when I leave for New Zealand in November :)