Travelex Travel Money Card Review
ATM and Cash
Topups
Overall
A multi currency prepaid Mastercard you can load with 22 currencies, manage in the Travelex Money app and use worldwide wherever Mastercard is accepted. Card purchases are free from Travelex’s side in the UK and abroad. ATM withdrawals are free from Travelex’s side in the UK and abroad, although ATM owners can surcharge. Spending in a non supported currency or with an empty wallet triggers a 5.75% FX fee. Loading GBP carries a 2% load fee. Issuer is PrePay Technologies Limited (PPS), FCA FRN 900010. Funds are safeguarded and not FSCS protected.
Fees and FX
ATM and Cash
Topups
Overall
Initial Viewpoint
Best for travellers who want a large choice of currencies, no Travelex ATM fees, and a clear fee table inside one app. Not ideal if you often spend in unsupported currencies or rely on the GBP wallet since a 5.75% FX fee and 2% GBP load fee can apply.
Highlights
- 22 currencies with in-app wallet swaps
- £0 Travelex fee for purchases and ATM withdrawals in the UK and abroad
- Apple Pay and Google Pay support pages available
Cautions
- 5.75%t FX fee for non supported currencies or auto top-ups from another wallet
- 2% GBP load fee
- ATM operators may add their own surcharge
Overview
What it is
A prepaid Mastercard for travel. Load currencies before you go, spend in stores or online, and withdraw cash at ATMs worldwide that accept Mastercard. Manage and freeze your card, reveal PIN and top up in the Travelex Money app.
Who it's for
UK travellers who prefer a dedicated travel card with many supported currencies, no Travelex ATM fees, and an app to control wallets and security.
Key Facts
Issuer and protection:
Issued by PrePay Technologies Limited (PPS), an Authorised Electronic Money Institution FCA FRN 900010. Funds are safeguarded, not FSCS protected.
Wallets:
22 currencies available on one card.
Purchases:
Free from Travelex’s side in the UK and abroad.
ATMs:
Free from Travelex’s side in the UK and abroad. ATM owners may surcharge.
Unsupported currency FX fee:
5.75% when spending in a currency not on the card or when the active wallet lacks funds and another wallet is drawn on.
GBP load fee:
2% when adding money in GBP.
Pricing & Fees
Fee Type
Amount
Notes
Purchases in UK or abroad
£0 issuer fee
No Travelex spending fee. Some retailers may charge.
ATM withdrawal in UK or abroad
£0 issuer fee
ATM operators may add their own fee.
FX when spending in unsupported currency or from another wallet
5.75%
Applies if the transaction currency is not supported or if the wallet lacks funds.
GBP wallet load fee
2%
For loading in GBP.
Currency transfer between wallets
Free
Daily FX rate applies.
Additional card
£5.00
Backup card where available.
Cash out via Card Services
£6.00
If cashing out before or 12 months after expiry.
Inactivity
£2.00 per month
Charged after 12 months of no use. No fee if balance is zero.
FX & ATM Details
FX conversion
Spend from a matching wallet currency to avoid issuer FX fees. If you pay in a non supported currency or if the selected wallet is empty and another wallet covers the purchase, Travelex applies a 5.75% FX fee. Always choose to be charged in the local currency to avoid DCC.
ATM usage
Travelex does not charge ATM fees in the UK or abroad, but ATM owners may add a surcharge. The standard daily ATM cap is £500.
Supported currencies
GBP • EUR • USD • AUD • CAD • NZD • ZAR • TRY • CHF • AED • MXN • PLN • CZK • SEK • JPY • THB • HKD • SGD • DKK • NOK • HUF • ISK.
Topups & Payments
Method
Fee or Limit
Notes
Load in GBP
2%
Applies regardless of payment method.
Load in foreign currency wallets
Free
No issuer load fee.
Wallet to wallet transfers
Free
FX rate of the day applies.
Apple Pay
Supported for spending with loaded currencies. No extra Travelex charges.
Google Pay
Supported for spending with loaded currencies. No extra Travelex charges.
Applying for the Travelex Travel Money Card
Order online via the Travelex UK website. You must be a UK resident (typically 18+). The card arrives (delivery terms depend on region). Activate via app/online. Once activated you can load currency wallets and use it. Signup doesn’t usually require full bank account credit check since it’s prepaid. The FAQ lists top-up and minimums: e.g., “If you top up your card online, you can load a maximum of £5,000 per transaction.”
Limits & KYC
Topic
Detail
Minimum load or top up
£50
Maximum ATM withdrawal in 24 hours
£500
Maximum POS spend in 24 hours
£3,000
Maximum balance at any time
£5,000
Maximum loads over 12 months
£30,000
App & Features
Feature
Detail
Travelex Money app
Top up, switch wallets, check transactions, freeze card, reveal PIN and track spending. iOS and Android available.
Acceptance
Use wherever the Mastercard Acceptance Mark is shown worldwide.
Who It's For
Best for
Travellers who want many supported currencies, no Travelex ATM fees, and easy control of wallets and security features in the app.
Not ideal for
Trips that involve unsupported currencies or frequent use of the GBP wallet, due to the 5.75% FX fee and 2% GBP load fee.
Pros & Cons
Pros
-
£0 issuer fee for purchases and ATM withdrawals in the UK and abroad
-
22 currencies with free wallet transfers
-
Strong app controls including freeze and PIN reveal
Cons
-
5.75% FX fee for unsupported currencies or cross wallet auto funding
-
2% GBP load fee
-
ATM owner surcharges may apply
Awards and Recognition
While specific recent accolades for the Travelex Travel Money Card were not prominently found, the brand is well-known in the travel-money sector and its card is often featured in comparative reviews of travel prepaid cards. Consider any mention as historical recognition rather than a current endorsement.
Awards and Recognition
While specific recent accolades for the Travelex Travel Money Card were not prominently found, the brand is well-known in the travel-money sector and its card is often featured in comparative reviews of travel prepaid cards. Consider any mention as historical recognition rather than a current endorsement.
Alternatives to Consider
Wise multi currency card
Competitive FX with many wallets and clear ATM caps.
Revolut travel card
Multi currency wallets with plan tiers and smart app controls.
Post Office Travel Money Card
22 currencies, branch pickup and fixed per currency ATM fees.
Ratings
Category
Score 1 to 5
Weight
Notes
Fees and FX
£0 issuer fee on spend and ATM. 5.75% FX in unsupported currencies. 2% GBP load.
ATM and cash
Free from Travelex’s side. Operator surcharges possible. Daily cap £500.
Topups
Free for foreign currency wallets. 2% when loading GBP.
Features and app
App wallet moves, freeze, PIN reveal. Apple Pay and Google Pay supported.
Support and trust
Issued by PPS, FCA FRN 900010. Safeguarded e money.
Compliance & Methodology
Regulatory
The Travelex Money Card is an electronic money product issued by PrePay Technologies Limited (PPS) under licence from Mastercard. FRN 900010. Funds are safeguarded under e money rules and not covered by FSCS.
Data sources
Travelex Money Card product page with fees, limits, supported currencies and issuer details, plus Apple Pay and Google Pay support pages. Verified on 18 Oct 2025.
Editorial policy
Independent, fact‑checked comparison. Click here for editorial guidelines.
Compare Travelex Travel Money Card with
What You Should Do Now
Found your prepaid card? Not yet? Here are 4 ways Prepaid365 can help you choose and use the right prepaid or travel money card:
1. Compare All Cards in One Place.
Visit our dedicated category pages to explore and compare travel money, everyday use, teen, and business prepaid cards – all in one view, updated regularly with the latest fees, limits, and features.
2. Read Expert Reviews.
Head to our Prepaid Card Reviews section for in-depth reviews of leading prepaid and travel cards, including detailed breakdowns of fees, limits, and benefits to help you find the perfect match.
3. Explore In-Depth Guides.
Browse our Prepaid Card Guides to understand how prepaid cards work, how to manage top-ups, fees, and security, and how to get the best value across different card types and currencies.