![]() Handling and delivery fees are typically around £5 per transaction, depending on where you order your currency from. Watch out for foreign currency handling and delivery fees If you won’t be ordering enough foreign cash to qualify for the waiver of handling and delivery fees, be sure to factor these charges into your calculation of how much your currency exchange will cost overall. More commonly, foreign currency websites require that customers exchange a minimum sum in order to qualify for free delivery and handling. Therefore, if you’re only looking to change a small sum, a web-based currency service may not be for you. Some online currency outlets require that you reach a minimum order threshold before you can exchange your money. The simple way to do this is to look at how many units of foreign currency you will get from each provider in return for the sum in pounds sterling you want to exchange.īe aware there are ways companies use to increase charges that could make your transaction more expensive, explained below. It’s easier to compare the money exchange rates on offer from different websites than it is to ring around different bureaux de change – but remember you mustn’t consider rates alone.īefore making a decision about where to exchange your money, work out the total cost of your transaction, taking into account any delivery or handling fees you may have to pay. Compare the overall cost of exchanging your currencyĪs with buying foreign currency on the high street, it pays to compare a variety of deals before parting with your money on the web. If you’ve never exchanged currency online before, are unsure of how it works or have concerns about whether the process is secure, our six-step guide will explain how to get a great deal. Many banks and supermarkets, as well as traditional foreign exchange destinations such as Travelex and the Post Office, now offer online currency exchange services – and their best rates are often reserved for customers who order travel money from them over the internet. Buying travel money online is an increasingly popular way to get hold of foreign currency – and this is partly thanks to the competitive money exchange rates the web has to offer. ![]()
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