Travelex Money Transfer Review

Bank exchange rates are you being ripped off by your bank

Travelex Money Transfer Reviews

Travelex, which is one of the world's largest non-banking provider for international payment services purchased Ruesch International from Welsh, Carson, Anderson & Stowe for US$440 million in 2007

With Travelex dealing mainly in travel money and Ruesch International in business to business payments services it is a match made in heaven. Currently Travelex Money Transfer services and Ruesch provide cross-border payment services to more than 35,000 small and medium-sized businesses and multi-national financial institutions.

Compare Money Transfer phoned Travelex requesting a rate for a currency transfer abroad. The exchange rate given did beat the ‘tourist rate’ and was quite competitive compared to high street banks, but still not as competitive as the foreign exchange companies listed on our site which i found a bit confusing considering Travelex are the largest.

Travelex also state no fee or commission for large transactions but there are charges based on minimum amounts which I found it hard to find on their website.

It will be interesting to see if they extend their price promise guarantee to their Travelex foreign exchange division? What do you think?

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Travelex are located at:
65 Kingsway, , Greater London, WC2B 6TD, United Kingdom

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