Travelex Australia: fees, currency exchange and what changed in 2024
Travelex stopped sending international money transfers in 2024 — here's what happened to that service, what Travelex still does (currency exchange and the Travelex Money Card), and what it actually costs. Figures as at September 2026.
Read the full guide, with official sources →
Watch
Chapters
- 0:00 Travelex no longer sends
- 0:12 Discontinued 31 March 2024
- 0:31 What Travelex still runs itself
- 0:51 Click and collect at 3,000+ Australia Post outlets
- 1:08 Card and online loading: free
- 1:20 In-store cash loading:
- 1:30 No published margin —
- 1:43 Airport counter worse than
- 1:54 Registered with AUSTRAC, like every currency-exchange provider
- 2:04 Still useful for:
- 2:16 Sending money to a bank account overseas?
- 2:27 Where to read more
Transcript
Still trying to send an international transfer with Travelex? That service doesn't exist under the Travelex name any more.
Travelex's own money-transfer notice says the service is no longer available as of 31 March 2024.
From 1 April 2024, existing customers continue with the same account details, but on a different platform: Instarem, operated by Nium.
So what does Travelex still run itself? Physical and online currency exchange, and the Travelex Money Card.
More than 45 foreign currencies, in-store and online, through more than 99 stores across Australia, plus airport locations including Sydney Airport Terminal 1.
Click and collect is also available at more than 3,000 Australia Post outlets, if a store isn't nearby.
The Travelex Money Card is a prepaid Mastercard. It holds up to 15 currencies at once, out of 22 supported.
The card itself is free, and loading it online is free. Overseas ATM withdrawals are unlimited and fee-free from Travelex's side, though the ATM operator may charge its own fee.
The one fee on the card: loading it with cash in an Australian store costs 1.1% of the amount, or $15, whichever is greater.
Travelex doesn't publish its exchange-rate margin as a percentage. You only see the rate at the moment you buy, so check a mid-market rate site like xe.com first, for the same currency pair.
The pattern is consistent across every currency provider: airport counters price worse than ordering online for pickup, and both price worse than a transfer app working off the mid-market rate.
Travelex is registered with AUSTRAC, as every currency-exchange provider in Australia must be, and reports large cash transactions as required.
So where does Travelex still make sense? Landing with foreign cash and needing Australian dollars immediately, or buying cash for a trip when you genuinely need physical notes.
For sending money into someone's bank account overseas, that's no longer a Travelex product. Compare Wise, OFX, Remitly or Instarem for that instead.
The full guide, with the official sources, is on migratio.com.au. The link is in the description.
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