Travelex Money Card Review

Learn about the Travelex Money Card in this review to help you decide whether this is the card for you.

The Travelex Money Card is a prepaid Mastercard® currency card, designed specially for your overseas travels. Travelex Money Card also replaces the pre-existing Multi-currency Cash Passport with enhanced features and benefits.

With the Travelex Money Card there is no need to carry around a lot of cash. You can load up to 10 currencies and benefit from contactless payment.

You can also download the Travelex Money App, which allows you to check your balance on the go, or reload more/different currency in seconds.

And what if you need some cash for all those smaller purchases? With the Travelex Money Card you can withdraw cash at no extra cost as there are no ATM charges overseas.

Another benefit is the 24/7 Global Assistance. This means you don’t have to worry about losing your card or the card being stolen. Travelex quickly and securely provides you with emergency cash and a free replacement card.



Pros and cons of using Travelex Money Card

  • Smartphone app and Free Wifi.
    Manage your account instantly with the Travelex Money app. Enjoy free WiFi at over 1 million Boingo Hotspots.
  • $0 international ATM fees.
    This is a huge benefit if you are travelling often and prefer to take out local cash from an ATM.
  • Lock in exchange rates.
    Set your exchange rates ahead of travel, so you don't have to worry about currency movements when you withdraw.
  • Limited number of currencies.
    New Zealand dollars only available for in-store deposits - unavailable for online loading or reloading.
  • Local Operator ATM fees.
    Travelex do not charge ATM fees, but local operators may charge or set limits. Check the ATM before using.
  • Expensive.
    High cross-currency conversion fee of 4%. Extra initial loading, inactivity and closing fees. Plus 2.95% fee at New Zealand ATMs.

Benefits of the Travelex Money Card


  • Chip and PIN
  • 24/7 Global Travel Assistance
  • Emergency card/cash available if stolen/lost


  • Easy way to manage, spend and save on multiple currencies
  • No bank account required
  • Contactless payments


  • No international ATM fee
  • Lock in exchange rate by loading funds to foreign currencies and avoid fluctuations

Manage Your Money

  • Reload and manage your funds easily online
  • Redeem your unused funds easily on your return

Currencies and Countries

Currencies Supported

  • Australian dollars (AUD)
  • US dollars (USD)
  • Euro (EUR)
  • Great British pounds (GBP)
  • New Zealand dollars (NZD)
  • Hong Kong dollars (HKD)
  • Canadian dollars (CAD)
  • Singapore dollars (SGD)
  • Thai baht (THB)
  • Japanese yen (JPY)


Initial Load
Replacement Card
Reload Fee
Greater of 1.0% initial load or $10.00 Free 1% reload amount
Foreign Currency Conversion*
Inactivity Fee
Card Termination
4.00% of transaction value $4.00 per month $10.00
Additional Card
International ATM/EFTPOS
$5.00 Free 2.95% of amount withdrawn

All prices are in NZD
*Foreign currency conversion is charged when you spend in a currency that is not loaded in the card



ATM Withdrawal Limit (24 hours)
In-store Transaction Limit (24 hours)
EFTPOS Transaction Limit (24 hours)
$3,000 $400 $15,000
Minimum Load on Card
Maximum Load/Balance on Card
Maximum Bill Payment Reload (per day)
$250 or currency equivalent $75,000 $25,000

All prices are in NZD

The Currency Shop Says: So why should you consider this card?

We think the Travelex Money Card is ideal for an organised traveller going to popular holiday destinations like Europe or the US. It comes with free Wifi, which fantastic for you to keep in touch with family or friends.

If you're good at planning and know your budget, Travelex has better online rates than your bank so you can lock in a good initial loading rate and save. But always check the rate you've being given against the market rate online.

Unfortunately, the savings you get by locking your rate can be offset by other Travelex fees. And with too many negative user experience stories in online forums, we think a comparison with alternative travel cards for your situation is a good idea.

Apart from fees, you should also be aware of limits. For example, you can only withdraw a maximum amount of $400 or equivalent over the counter at any financial institution in any 24-hour period. Also, your card won't have your name on it, so it might be an issue to use in US retail stores, where they sometimes check your name and photo ID.

The best way to use this card is to take cash from ATMs, because your limit is $3,000 and there are no additional ATM fees. We also think it's a good idea to get a spare card, kept securely and separately from your main card. This way if your card gets lost or stolen, you won't have the hassle of ordering and waiting for a new card.

How Travelex Money Card Works

1. Order your card

  • Order your Travelex Money Card online, over the phone or in your local Travelex store
  • Make an initial load amount of NZD$250 minimum (up to A$75,000 maximum)

2. Pick up your card

  • Pick up your card from any of the Travelex stores

3. Register

  • Register your card online to manage your account

4. Load/Reload

  • Load or reload onto your card online, over the phone or via the Travelex Money app
Travelex Travel Money Card
Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
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Last updated
October 21st, 2021