Originally reviewed by Aatif Sulleyman 24 August 2015
What is Travelex Money? One of the more straightforward entries in this round-up, Travelex Money is an app that lets you quickly order foreign currency through your phone.
What’s good? It’s simple, easy to navigate, and does exactly what it says on the tin. If you know exactly how much money you want to exchange, the entire process takes around five minutes. All you need to do is pick a destination and cash amount, enter your name, contact information and card details, and choose whether you want to collect your holiday money from a Travelex store or have it delivered straight to your door. You’ll need to pay a £3.95 delivery fee unless you exchange £500 or more, though you can still make a tidy little saving as the app offers Travelex’ best rates.
If, like me, you have an embarrassing history of either taking too much or not enough cash with you on your travels, Travelex Money offers some guidance. The ‘How much do you need?’ feature takes into account how many days you’ll be abroad for and lets you specify whether you consider yourself a light, average or heavy spender, before calculating how much you should exchange. However, bear in mind that you should set aside additional cash for accommodation and tickets to various attractions.
What’s bad? While certainly helpful, we wouldn’t place complete faith in the ‘How much do you need?’ feature at this stage, as it’s simply not as sophisticated as it ideally should be. Rather than relying on a clever algorithm, calculations are based on the experiences of just 2,000 British travellers. Not the most precise of systems. Verdict Going on holiday? Download this.