Travelex International Payments

Last updated: Jun 11, 2018

Transfer your money overseas with a brand you trust.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Travelex is a foreign exchange and international payments provider. To transfer money simply register, enter an international bank account, select the currency you want and transfer the money to, and send the money to Travelex using BPAY or EFT.

Get your first deal fee-free and low or no fees thereafter. You will also be given the best price on international payments. If you get a cheaper quote from another provider, Travelex will beat it.

AUD 500

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	Travelex International Payments
Min. Transfer Amount	AUD 500
Max. Transfer Amount	No limit
Transfer Methods	Online
Transfer Options	Regular payments, One off payments, Forward contracts
Transfer Speed Minimum transfer time	1 day
Customer Service	Phone, Email, Branch
Available Currencies	AED, AUD, BHD, BND, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XPF, ZAR

Online Transfer Fee	AUD 15
Exchange Rate Updates	Real time

Pros

Fee-free first transfer, $15 thereafter
If you find a better quote, Travelex will beat it
Transfer money to over 170 countries around the world
Transactions above A$10,000 are always fee-free

Cons

Minimum transfer amount of $500 applies

Jeremy Cabral

Jeremy Cabral is the chief operating officer and global head of publishing for Finder. He has written hundreds of comparisons covering everything from credit cards to travel money to Netflix TV shows. Jeremy has a Bachelor of Business (Marketing) from the University of Western Sydney.

What international payments services does Travelex offer?

Once your account is fully verified, you can enter into the following contracts with Travelex.

Spot contracts,
Forward contracts,
Option contracts,
Foreign currency order contracts.

See the frequently asked questions section of this article for an explanation of what these terms mean.

Services not offered

Travelex do not issue travellers cheques or overdrafts, they won't process a transfer between two accounts of the same currency and they won't perform a cash transfer.

Travelex and OFX

Travelex use OFX as their foreign cash provider, which means Travelex can piggyback off OFX's claim to leading rates. OFX gets 50% of the money. Travelex make from their foreign exchange margin. Both parties benefit.

A quick look at rates showed that Travelex were actually a little better (about ten cents) than OFX when selling $1,000 and converting to USD.

How to use Travelex to send money overseas

Once your register using the links provided on this page and set up your account, you need to add a beneficiary or beneficiaries - someone receiving the money - to complete a transfer.

Save the beneficiary, add them as a payee and choose the currency you want to convert the funds to once you log into the travelex international payments website.

The Travelex international payments promise

Travelex offer a best price guarantee on international payments. If you can find a better quote on your international transfer from another forex institution, Travelex will beat the price.

*The total price includes commissions, foreign exchange margins and fees.

Five things you need to know about Travelex international payments

How to get the best price on international money transfers

You need to contact Travelex with proof of a better price from another foreign exchange provider within 30 minutes of getting your quote from Travelex and before you confirm the Travelex transfer.
If you do find a better price and you want Travelex to beat the foreign exchange quote. You'll need to contact Travelex and give them your details along with the total price you've been quoted*, and something to confirm the dates and times the competitor's quote was obtained. You will also need to provide the mid-market rate of the currency the foreign exchange margin was applied to. You can get this information from the quote provider.
The International Payments Promise only applies to Australian customers.
The payment promise only applies to Travelex transactions made online or over the phone.

Fees for small purchases

A transaction fee applies to transfers under $10,000. In some cases, 'third party fees' may be charged by the overseas bank when the money is received. If there are third party bank processing fees, the charge will be deducted from the total amount received by the beneficiary.

Compare Travelex to other money transfer services

Use the currency transfer calculator tool below by entering the amount you want to send and choose the currency you are sending to.

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
GBP 0	1 - 2 days	AUD 1.99	0.763	USD 7,631	Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 0.00 Transfer methods Online, Bank Account to Bank Account Transfer options One off payments Customer service Chat, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KZT, LAK, LBP, LKR, MAD, MDL, MGA, MKD, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, VUV, WST, XAF, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.766	USD 7,656	TorFX guarantees to match any competitor's exchange rate. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.766	USD 7,656	SendFX guarantees to match any competitor’s exchange rate. T&Cs apply. Fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, JPY, KES, KWD, MXN, MYR, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.766	USD 7,656	Better exchange rates for Finder customers. WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CLP, CNY, COP, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, LKR, MAD, MUR, MXN, MYR, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, TZS, UGX, USD, VND, XCD, ZAR Go to site Read the full review
AUD 250	1 - 2 days	AUD 0.00	0.766	USD 7,656	$0 transfer fees for Finder customers. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 250.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
AUD 1	1 day	N/A	N/A	N/A	Pay no fees on your first two transfers, up to $3,000. SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, EUR, GBP Go to site Read the full review
AUD 1	1 day	AUD 52.00	0.765	USD 7,609	Pay no fees on your first two transfers, up to $3,000. SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, CAD, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MYR, NPR, NZD, PHP, SGD, THB, USD, VND, ZAR Go to site Read the full review
AUD 10	Within an hour	AUD 2.99	0.76	USD 7,600	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 10.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, AUD, BDT, BGN, BOB, BRL, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review
AUD 1	Same day	AUD 0.00	0.765	USD 7,648	XE has fast transfers with no fees and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account Transfer options One off payments, Market orders Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BSD, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
AUD 200	1 - 2 days	AUD 50.00	0.769	USD 7,656	Exclusive: Use code FINDER10 to receive US$10 off your first transaction. InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 200.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments Customer service Phone, Chat, Email Available currencies AUD, BDT, CAD, CNY, EUR, GBP, HKD, IDR, INR, KRW, LKR, MYR, NPR, PHP, PKR, SGD, THB, USD, VND Go to site Read the full review
AUD 5	1 - 2 days	EUR 3.00	0.761	USD 7,608	Special offer: Zero fees on your first 10 transfers. CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, NOK, NZD, PHP, PLN, SEK, SGD, THB, USD, ZAR Go to site Read the full review
AUD 1	Same day	AUD 3.99	0.759	USD 7,591	Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
AUD 1	1 - 2 days	AUD 45.00	0.769	USD 7,652	TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Check if there are any Travelex promo codes available

How to register for travelex international payments

To use Travelex as your foreign currency and international payments provider, click the link on this page and you'll be directed to the Travelex website.

Information about registration

When you register for Travelex international payments, you need to enter the usual personal information and you also select the currency you have and the currency you want to send.

Verify your account

Once the registration is complete, you'll need to speak to a Travelex representative before your account is fully verified. A quote on spot deals is available at this stage of registration, but only a quote and not limit orders or forward deals.

What currencies can I transfer to?

Main currencies

AED, GBP, SEK, AUD, HKD, SGD, CAD, JPY, THB, CHF, MXN, USD, DKK, NOK, ZAR, EUR, NZD, FJD, PLN.

'Exotic currencies'

BHD, LKR, SBD, BND, MAD, SCR, CZK, MYR, TOP, HUF, OMR, TRY, IDR, PEN, TWD, ILS, PGK, VND, INR, PHP, VUV, KRW, PKR, WST, KWD, SAR, XPF.

What countries can I transfer to?

You can transfer money to bank accounts in any country except those listed below:

Afghanistan, Belarus, Burma, Democratic Republic of Congo, Republic of Congo, Cote d'Ivoire, Cuba, Iran, Iraq, North Korea, Lebanon, Liberia, Libya, Rwanda, Sierra Leone, Somalia, Sudan, Syria, Zimbabwe.

What limits apply?

The following limits apply to Travelex International Payments.

The minimum transfer amount is AU$500*.
If you want to make regular transfers (more than 4) the minimum transfer amount is AU$400*.

*or equivalent foreign currency

What is a foreign exchange margin?

A foreign exchange margin is the money the forex provider makes on the transaction - the difference between how much they pay to get the cash and how much the foreign currency is sold for.

Foreign exchange service providers make a little more when they sell foreign currency to consumers because they buy it cheaply in large amounts from markets where the value of the currency being bought and sold makes it inaccessible to the general public.

Information about how much the foreign exchange provider makes - the margin - is not usually public information.

Travelex general transaction fees

Travelex charge a flat fee for all transactions under AU$10,000*. You'll need to factor this into the overall cost of the transaction when you're comparing quotes from other foreign exchange providers. The transaction fee is added to the total amount you're required to pay Travelex.

If you're transferring to multiple beneficiaries, transaction fees may also be charged.

What is a spot contract?

A spot contract is another name for buying or selling foreign currency. Every time you use your card to buy something in a foreign currency - say when you're shopping online - you're entering into a spot contract.

What you need to know about Travelex spot contracts.

A spot contract is an agreement to transfer money from one currency to another within two days of completing the transaction.

- You have up to 48 hours to pay the money to Travelex once you confirm a spot contract quote. Travelex will immediately pay the beneficiary the funds.

What fees apply when I carry out a spot foreign exchange contract

The following fees and charges apply to spot contracts

The exchange rate margin,
Transaction fees,
Third party transaction fees.

What is a forward contract?

A forward contracts lets you set up a foreign exchange transfer up to 12 months in the future at agreed exchange rate.

A forward contract is useful for the purchase of international property and investors looking to hedge against unfavourable fluctuations in global currency markets.

Fees for a forward contract

The advance payment for the forward contract,
The foreign exchange margin,
Transaction fees,
Third party transaction fees.

What is a FX option?

An option gives you the right but not the obligation to purchase foreign currency in the future at a predetermined foreign exchange rate.

You're required to pay a nonrefundable fee to set up an options agreement, which gives you the right to withdraw from the foreign exchange deal when it comes time to settle the contract.

Travelex deals with Vanilla Options only.

Ever heard of the term 'plain vanilla'? This applies to the foreign exchange market too. A 'vanilla option is a deal with no special features. It's standard. Travelex only provide vanilla options.

Fees for a foreign exchange option

The FX Option premium,
Transaction fees
Third party transaction fees.

What is an order?

An order applies when you enter in to a spot contract or an order contact, but it only becomes binding when the foreign exchange rate reaches a certain point. This is known as the target rate, and is set by you.

Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

More info

TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

More info

SendFX International Money Transfers

SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

More info

WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.

More info

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

2 Comments

eric
December 18, 2014

we import products in Australia manufactured in the € zone
we believe we will import around 3M€ of products per year for the next 4 years .. we need to provide a fix price in Aus$ during the next 4 years .. what can you offer ?
thanks
eric

finder Customer Care

Shirley
December 18, 2014

Hi Eric,

Thanks for your question.

This enquiry is best directed to Travelex instead, as finder.com.au is an online comparison service.

All the best,
Shirley

Travelex International Payments

Transfer your money overseas with a brand you trust.

Details

Pros

Cons

Jeremy Cabral

What international payments services does Travelex offer?

Services not offered

Travelex and OFX

How to use Travelex to send money overseas

The Travelex international payments promise

Five things you need to know about Travelex international payments

How to get the best price on international money transfers

Fees for small purchases

Compare Travelex to other money transfer services

Compare up to 4 providers

How to register for travelex international payments

Information about registration

Verify your account

What currencies can I transfer to?

What countries can I transfer to?

What limits apply?

What is a foreign exchange margin?

Travelex general transaction fees

What is a spot contract?

What is a forward contract?

What is a FX option?

What is an order?

International Money Transfer Offers

Azimo International Money Transfers

TorFX International Money Transfers

SendFX International Money Transfers

WorldFirst International Money Transfers

Ask an expert

Important information about this website