Luton Airport Currency Exchange
Changing your travel money and obtaining the cheapest foreign currency exchange rates can be a bit of a hassle before you go on holiday but many people just don’t realise the different ways you can save money on your spending abroad. Here we cover the best methods, including cash, credit and debit cards, and pre-paid cash cards.
The method you use will depend a lot on when you are going on holiday. Exchange rates also change daily so a deal you will get one day from one provider may change the next day and mean another provider is cheaper at the time you need to change your holiday money.
Travelex Luton Airport
The world’s biggest foreign currency exchange provider, serving over 30 million customers each year. Travelex can provide a cash pre-order service and pre-paid currency cards, along with a VAT refund service for non-EU residents.
Pre-order your cash now for free next day home delivery on orders over £500.
Post Office at Luton Airport
Why use The Post Office?
- Order Currency – Post Office
- Great rates online
- 0% Commission
- Home Delivery Mon-Sat
- 12,500 branches for pick up
Prepaid Currency Cards
These cards are essentially like a debit card which can be loaded with currency. You can either load it with the currency you plan to use or GBP; this will then be converted to the relevant currency when used abroad. If you have time to order one of these cards online for delivery before you travel, it can be one of the cheapest ways to buy your holiday money. You will usually need to leave around 7 days for delivery of your card to your home to get the best rates.
Credit and Debit Cards
Some credit cards can provide very good deals for spending abroad. You will need to research carefully into what each one offers, and ideally keep this credit card purely for use when you are travelling.
Banks will change the terms and conditions of the cards they offer from time to time so it is important to check that your credit or debit card still offers the same terms. It is best not to use your normal credit or debit card abroad because they will normally include large hidden fees.
Tips on Spending Abroad
DO get any cash you want to take with you in advance. You can research rates and make sure you are getting the best deal.
DON’T leave it to the last minute to buy your cash at the airport, you will be hit with huge fees. If need be you can pre-order your cash for pick up at the airport, which will make use of more favourable rates.
DO your research about your current debit and credit cards to find out what fees they charge when using them abroad.
DON’T withdraw cash at ATMs with your debit or credit card – this will normally result in very high charges.
DO always spend in local currency. ATMs and retailers may ask if you wish to pay in sterling. This may seem like a good idea but it means you are allowing the bank or the vendor to set the fees, instead of what your card or bank has chosen (and you have researched, hopefully!).