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. Funds are safeguarded and not FSCS protected.
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.
ptc. Rating: ⭐ 4.2 / 5
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
Methodology: Official product page, fee and limits table, and Apple Pay and Google Pay pages reviewed and verified on 18 Oct 2025.
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.
Last updated: 18 Oct 2025
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 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 | Limit |
|---|---|
| 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 |
All limits shown on the product page. Standard KYC applies during registration in the app.
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 (and who it’s not)
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
How it compares
At a glance: Travelex focuses on fee free spending and cash withdrawals from its side, provided you use supported currencies. App first rivals may offer different FX models for unsupported currencies, while UK bank debit cards can be cheaper for ad hoc FX but do not let you hold holiday currencies.
| Feature | Travelex Money Card | Multi currency rival | UK bank debit card |
|---|---|---|---|
| Supported wallets | 22 | Often 10 to 40 plus | GBP only |
| Purchases and ATM | £0 issuer fee | Often £0 in wallet currency | Varies by bank |
| Unsupported currency | 5.75% FX fee | Varies | Bank FX fee or rate |
| GBP load fee | 2% | Varies | Not applicable |
Alternatives
| Alternative | Why consider it |
|---|---|
| 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 | Notes |
|---|---|---|
| Fees and FX | 4 | £0 issuer fee on spend and ATM. 5.75% FX in unsupported currencies. 2% GBP load. |
| ATM and cash | 5 | Free from Travelex’s side. Operator surcharges possible. Daily cap £500. |
| Topups | 5 | Free for foreign currency wallets. 2% when loading GBP. |
| Features and app | 3 | App wallet moves, freeze, PIN reveal. Apple Pay and Google Pay supported. |
| Support and trust | 4 | Issued by PPS, FCA FRN 900010. Safeguarded e money. |
Frequently Asked Questions About Travelex Money Card
Are purchases and ATM withdrawals free?
Yes from Travelex’s side. Purchases in the UK and abroad are £0. ATM withdrawals in the UK and abroad are £0. Some ATM owners may charge their own fee.
What are the key fees I should watch?
5.75% FX if you spend in an unsupported currency or if another wallet covers the payment. 2% to load in GBP. £2 inactivity after 12 months of no use.
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.
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