Another vote for this method. If for some reason you must change currency somewhere, then check if your FFP has preferred suppliers. For example, NH platinums/ diamonds get foreign exchange commission exemptions at Travelex.Damien said:
I'd try calling the most conveniently located branches and get a quote.Golf888 said:Forgot to add...
Seems that travelex is better than the banks and amex.
Wanted to know if travelex gives worst rate at Sydney airport than other
Pretty good advice, NM.NM said:I have a Citibank ReadiCredit account and ATM card that has no fees and very attractive foreign exchange rates. No annual fees, no cash advance fees and no foreign ATM withdrawal fees. So it works out a lot better than using a Mastercard, Visa card or even Maestro to withdraw from an Aussie savings account.
I keep whatever cash I have left at the end of one trip as my starting cash for my next trip, and then just find an ATM at the airport for a top-up.
For me, the no annual fee or any other fees on the Citibank ReadiCredit is what makes it handy. It also comes with a free cheque book which comes in handy for the few occasions I need to write a cheque (daughters dancing classes don't accept credit card).clifford said:You might also like to consider the ANZ gold Visa card, which likewise has no fees for use of an overseas ATM and also has "free" travel insurance that works very well (I have successfully claimed 3 times)'. It also has free car breakdown assistace (similar to NRMA).
Before I had my Citibank card I have twice had problems using Mastercard for cash withdrawals in Helsinki. I am sure that was not an inflation problem :? . I am still not sure what the problem was, but I must have tried 15 different "otto" machines and they all gave the same error about the transaction being cancelled.clifford said:The only place in the world I have found where I couln't get a cash advance was Brazil, because the inflation rate was so high the banks could lose money on the deal.
I would avoid the buy back since they give a worse exchange rate if you take it ( at least they have in locations I have used )AlwaysUpThere said:The other good thing about Travelex, aside from the FFPs, is their buy-back system. Keep your receipt and they'll buy back your excess cash on your return at the same rate, commission free.
They do in NZ too (at least they used to - havent used Travelex for a while). I once worked out that to come out ahead on the buy back would need to return half the cash and exchange rate worsen by 10% - obviously other combinations possible too. Not worth it IMHO.Dave Noble said:I would avoid the buy back since they give a worse exchange rate if you take it ( at least they have in locations I have used )AlwaysUpThere said:The other good thing about Travelex, aside from the FFPs, is their buy-back system. Keep your receipt and they'll buy back your excess cash on your return at the same rate, commission free.