With over 35 years experience in the foreign exchange sector, Sterling has established an excellent reputation for offering the best exchange rates and excellent customer service to a long standing and ever expanding clientele.
Sterling
105 Edgware Road London W2 2HX
FCA Registered: yes
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Get your currency delivered on the next working day if you order before 12pm Monday - Thursday. Our rates move with the market but we fix your rate as soon as you place your order. Delivery is free on all orders over £700, otherwise a £6.00 delivery charge will apply. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Click & Collect
You can order your currency for collection at our London branch in Marble Arch. All major currencies are in stock. You can visit us any time between 9.30am - 6pm Monday to Friday, and Saturday 10am - 5pm. We recommend you order online first to guarantee today's best rate as rates may differ in store.
Currency Buyback
Sell your unused currency back to us and save up to 10-15% against the airports and banks. Pop into our London branch or complete the online form and send your leftover currency to us via Royal Mail Special Delivery. Once we have received your item in the cash centre the buyback rate at the time will be applied and we shall make payment to the bank account details you have provided. You can expect an email notification once the amount has been paid. We do not accept coins or out of date notes and we can only pay into your personal account. A 3% fee will apply for €500 notes.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Sterling accept the following payment methods:
Bank Transfer
Credit Card
Debit Card
Debit and Credit Card payments will incur an additional charge of 0.29%. There is a £2,500 limit for Debit Card payments. Orders over this amount must be paid for by Bank Transfer (up to £7,500).
Currency Online Group specialise in providing travel money and currency buy back services. We offer exclusive, enhanced currency Buyback rates to Compare Holiday Money customers that you won't find anywhere else, both services can be done either via postal service or in person at our new Waterloo Kiosk.
Currency Online Group
Travel Online Group Ltd. 3rd Floor Regus News Building 3 London Bridge Street SE1 9SG
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Order your travel money online and pick a delivery date that's convenient for you! Delivery is free on all orders over £750, otherwise a £5.00 delivery charge will apply. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Click & Collect
Lock-in today's best exchange rate by ordering online and you can collect your order at any of our three London collection points at Waterloo, Blackheath and Trafalgar Square.
Currency Buyback
Post your leftover currency to us and get paid by bank transfer within three working days. The actual buy back rate you receive will be the prevailing rate on the day we receive your currency. These rates do not vary greatly from day to day but it could mean that you receive slightly more or less than the amount quoted today. You can also exchange your currency in person by visiting our Waterloo branch and get paid instantly in cash or by bank transfer. We will buy back all denomination notes apart from 500 euro and 1000 Swiss franc notes. We do not buy back coins.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Currency Online Group accept the following payment methods:
The Currency Club's travel money service makes ordering online easy and efficient. We offer the best foreign exchange rates on global currencies, charge zero commission and offer a free delivery on every travel money transaction you make. The more you order, the better the rate you'll receive.
The Currency Club
PO Box 66831 London W2 7TB
FCA Registered: yes
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Order your travel money online by 12pm and we'll dispatch it the same day for next working day delivery Monday to Thursday. Delivery is free on all orders over £1,000, otherwise a small postal delivery charge of £2.99 will apply. The minimum order amount for home delivery is £300. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Currency Buyback
We will buy back any leftover currency from you regardless of where you originally purchased it. Simply complete your currency details online, sign and print the consent form and send it along with your currency using Royal Mail Special Delivery. We will confirm reciept of your currency and promptly transfer the Sterling value to your instructed bank account. We cannot pay into third party accounts. You will recieve the prevailing buyback on the day we recieve your package.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
The Currency Club accept the following payment methods:
Bank Transfer
Credit Card
Debit Card
Debit and Credit Card payments will incur an additional charge of 0.29%. There is a £2,500 limit for Debit Card payments. Orders over this amount must be paid for by Bank Transfer (up to £7,500).
The Rapid Travel Money platform is powered by The Currency Club. Our team has over 40 years of experience in the foreign exchange market, and through our relationships and the volumes we transact daily we have access to the wholesale foreign exchange market which means we can pass our savings on to our customers. We accept payments online via debit card, credit card and bank transfer and offer a fully insured next day home delivery service via our trusted and reliable partner Royal Mail.
Rapid Travel Money
50 Harrowby Street London W1H 5EE
FCA Registered: yes
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
You can select your preferred delivery date from Monday to Saturday and get your currency delivered to your home. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day. Delivery is free for all orders over £1,500 (under this amount a £8.99 delivery fee will apply). Deliveries are made by 1pm Monday to Saturday and you can select the delivery date that's most convenient for you. You will be notified once your order is on its way to you and somebody will need to sign for the package once it arrives.
Currency Buyback
Place your buy back order online and you will be provided with an indicative buy back rate. A form will be generated for you to print off. Sign and enclose the form with your currency. Don't forget to insure you package to the correct value in the event of loss or theft and keep hold of the tracking ID. Send your package to our buyback address and once we have received your item in the cash center the buyback rate at the time will be applied and we shall make payment to the bank account details you have provided. You can expect an email notification once the amount has been paid.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Rapid Travel Money accept the following payment methods:
Bank Transfer
Credit Card
Debit Card
Debit and Credit Card payments will incur an additional charge of 0.29%. There is a £2,500 limit for Debit Card payments. Orders over this amount must be paid for by Bank Transfer (up to £7,500).
Secure delivery via Royal Mail Special Delivery by 1pm in two business days as standard, or choose optional next business day, nominated day and Saturday delivery. Go Premium for unlimited fast and free deliveries, premium exchange rates, exclusive airport parking and hotel discounts, and a very clever app to help you save and plan.
Travel Money Club
146 Leadenhall Street London
EC3V 4QT
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
The Travel Money Club offer two options for home delivery. Open a Standard account for delivery in two working days and pay a one-off delivery charge of £14.95, or open a Premium account for £5.99 per month or £60 a year which entitles you to unlimited free home or work delivery on all orders, preferential exchange rates, unlimited free deliveries, next business and nominated day delivery, and travel perks such as airport parking and hotel discounts. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Travel Money Club accept the following payment methods:
Travel FX are specialist dealers in foreign currency, providing a leading alternative to Bureau de Changes for clients seeking the best exchange rates. Travel FX offer some of the best rates on the market, with free home delivery over £700 and no commission.
Travel FX
31-33 College Road Harrow HA1 1EJ
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Delivery is free on all orders over £700, otherwise a £5 handling fee will apply. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day. Travel FX recommend allowing 2-3 working days for delivery. Saturday delivery is available for an additional charge if you contact Travel FX after placing your order. If you are ordering multiple currencies, Travel FX treat each currency as a separate order so you will have to pay a £5.00 handling fee if any of the individual currencies on your order total less than £700.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Order your travel money online with fourex. We offer competitive rates on over 50 currencies; you can order your travel money online for delivery straight to your home with free next day delivery on all orders over £750. Customers can also exchange 150 currencies, coins and notes at our self-service kiosks.
fourex
3rd Floor Regus News Building 3 London Bridge Street SE1 9SG
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Choose your delivery date and have your travel money delivered straight to your door. Delivery is free on all orders over £750. For orders between £300 - £749.99 a £5.00 delivery charge will apply. For orders under £300 a £10 delivery charge will apply. All orders are sent via Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
fourex accept the following payment methods:
Bank Transfer
Debit Card
There is a minimum order of £1,500 for payment by Debit Card. If you're ordering less than this you will have to pay by Bank Transfer.
Since 2019, Manor FX buy and sell over 150 currencies from Albania to Zambia. Closed currencies? Off the beaten track? We've got you covered. We buy and sell travel money for currencies not offered by others, at great rates with no commission. Delivered fast with Royal Mail Special Delivery.
Manor FX
Unit 1 Portland Business Centre Manor House Lane SL3 9EG
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
We deliver travel money throughout the entire UK including the Isle of Man, Jersey, Guernsey, Alderney, Sark and Herm and HM Forces overseas. We don't charge commission or transaction fees but a postage fee of £7.50 will apply if your order is below £750. Orders over £750 are delivered free. During checkout you can select the delivery date that suits you best but you must pay before 2pm to guarantee next working day delivery. Delivery times for some non-major currencies may take 3-5 working days; we'll let you know if this happens before you place your order.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
With over 45 years experience in selling and buying currency, eurochange is a foreign currency expert. Winner of the MoneyAge Travel Money Provider of the Year for the past 4 years! Take advantage of great rates on over 60 currencies. Order Online for Click and Collect in just 60 seconds from over 190 eurochange or NM Money branches, or order before 4pm for next day home delivery.
eurochange
PO Box 435 Stevenage SG1 9GA
FCA Registered: yes
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
Whether you're planning to chill in Seville, get a tan in Milan, eat mussels in Brussels, or go with the flow in Monaco, you'll get a great rate the next time you buy currency online with eurochange. The more you order the better the exchange rate. You can order up to 4pm for next working day delivery by Royal Mail Special Delivery. We offer free postage on orders of £600 or more. Under £600 there is a delivery charge of £3.95. For home delivery there is a minimum order value of £100 and a maximum of £2,500.
Click & Collect
Lock-in today's best exchange rate by ordering online and collect your currency from any of our branches nationwide. Tell us when you want to collect and we'll hold your currency for up to 7 days so you can pop in at a time that's convenient. To collect your Pay & Collect order you'll need to produce the Debit Card that you used to make your payment (unless you paid via bank transfer), your email order confirmation and one of the following forms of identification: passport, driving licence or National ID card.
Currency Buyback
Keep your holiday smile that bit longer by getting a great rate on your leftover travel money. With the great service, convenience and value eurochange is known for, you can be confident you'll get the best bang for your buck, euro or zloty when changing it back to GBP. Plus by selling you travel money online you'll secure today's web rate which is secured for two days. To sell us your currency just pop into one of our 192 branches nationwide or use our new postal buyback service. If you buy currency from us we also offer an original rate buy back where you can sell back up to 30% of your currency at the same exchange rate for up to 30 days.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
NM Money Travel Money is part of the NoteMachine Group, handling millions of financial transactions every year. Take advantage of great rates on over 60 currencies. Order Online for Click and Collect in just 60 seconds from over 190 eurochange or NM Money branches, or order before 4pm for next day home delivery.
NM Travel Money
Elvicta Business Park Crickhowell NP8 1DF
FCA Registered: yes
FCA Authorised: yes
Last updated 3 minutes ago.
Home Delivery
Order online by 4pm and get your currency delivered by 1pm on the next working day by Royal Mail Special Delivery. This service is fully insured. Free home delivery for all orders of £1,500 and over for euros and US dollars, and £750 and over for all other currencies (we don’t deliver below these amounts but you can pay and collect from a eurochange or NM Money branch). Order by 4pm for next working day delivery. Free postage on orders of £600 or more; under this amount there is a delivery charge of £4.99.
Click & Collect
Lock-in today's best exchange rate by ordering online, and collect your currency from any of our branches nationwide. Tell us when you want to collect and we'll hold your currency for up to 7 days so you can pop in at a time that's convenient. To collect your Pay & Collect order you'll need to produce the Debit Card (unless you paid via bank transfer) that you used to make your payment, your email order confirmation and one of the following forms of identification: passport, driving licence or National ID card.
Currency Buyback
Keep your holiday smile that bit longer by getting a great rate on your leftover travel money. Sell your currency to us in exchange for GBP in one of our 192 eurochange or NM Money branches across the country or use our new postal buyback exchange service for ultimate convenience. If you buy currency from us we also offer an original rate buy back where you can sell back up to 30% of your currency at the same exchange rate for up to 30 days.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
NM Travel Money accept the following payment methods:
Get a better exchange rate if you choose to purchase any single currency online from £800 to £2500. We offer competitive exchange rates and 0% commission on foreign currency. Order and collect your cash from selected Tesco stores. Free home delivery on orders of £500 or more. £3.95 delivery for orders under £500. Tesco Travel money ordered online or by telephone is provided by Travelex Currency Services Ltd.
Tesco Bank
2 South Gyle Crescent Edinburgh EH12 9FQ
FCA Registered: yes
FCA Authorised: yes
Last updated 3 minutes ago.
Home Delivery
Order your travel money online with Tesco Bank and get free home delivery on all orders worth £500 or more. Orders under this amount will incur a £3.95 delivery fee. Orders placed before 2pm Monday-Thursday (excluding bank and public holidays) are delivered on the next working day. Alternatively, you can choose your own delivery date for ultimate convenience. All orders are sent using Royal Mail Special Delivery which is fully insured and guaranteed to arrive on the next working day.
Click & Collect
Order you currency for collection in over 360 travel money bureaux in Tesco stores across the UK. Most bureaux have free parking and are open seven days a week, with many open late on weekdays. Order before 2pm and you can pick up euros and US dollars from most Tesco Travel Money bureau the next day. Other currencies can take up to five days. Alternatively, you can order any currency for next weekday delivery to most customer service desks. Make sure you order online first to guarantee the best exchange rate as in-store rates may differ.
Currency Buyback
Let us turn your unspent holiday money into Pounds. It couldn't be simpler. Just pop into one of our in-store Travel Money Bureaux when you get back to the UK and we'll buy back your unwanted currency. We buy back in all the currencies we sell in most banknote values. It doesn't matter where you bought your money, we'll still buy it back - even if you didn't buy it from a Tesco Travel Money Bureau.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
You can order currency and travel insurance from Barclays providing you hold one of their credit or debit cards. Your currency can be delivered to your home or you can pick it up from your local branch at your convenience.
Barclays
1 Churchill Place London E14 5HP
FCA Registered: yes
FCA Authorised: yes
Last updated 27 minutes ago.
Home Delivery
Order your currency online and we'll deliver it for free to your home address in the UK. You can order up to £5,000 per person within a 90-day period. A maximum of £2,500 from that amount can be sent for home delivery to a single residential address. You'll need to order at least £50. You'll also need a Barclays debit card or Barclaycard to place your order. To help keep your money safe, home delivery orders will be delivered to your Barclays debit card or Barclaycard billing address. Order before 1.30pm Monday to Thursday for delivery by 1pm on the next working day. After 1.30pm your order will arrive on the second working day befoe 1pm.
Click & Collect
You can order your currency for collection at any one of our branches. If you order before 1.30pm you can pick up your currency the next working day after 4pm. After this time you can collect from the second working day. Orders placed after 1pm on Friday and weekends can be picked up after 4pm on Tuesday.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Order your travel money online with the Post Office and collect it in any Post Office branch or get it delivered to your door for free. If you order more than £1000 of currency you will get an even better enhanced rate. The Post Office have a currency refund guarantee if your holiday is cancelled. Full terms and conditions available on the Post Office Travel Money website.
Post Office
20 Finsbury Street London EC2Y 9AQ
FCA Registered: yes
FCA Authorised: yes
Last updated 3 minutes ago.
Home Delivery
As well as offering 0% commission on all our currencies, we offer delivery options to suit you. Delivery is free for all orders above £500 and just £4.99 below. Delivery is secure; we use Royal Mail's Special Delivery service which is guaranteed by 1pm and must be signed for upon receipt. Order by 3pm for next working day delivery. Our best rates are online and the more you order the better the rate. Our minimum order value for home delivery is £100 and our maximum is £2,500.
Click & Collect
Order your travel money online and collect it in person at any one of more than 10,000 Post Office branches across the UK. If you order euros or US dollars you can collect them in as little as 2 hours at some Post Office branches. All other currencies can be collected the next working day. There are no charges for click and collect orders but you should order online first to guarantee the best exchange rate as store rates may differ if you don't order online first.
Currency Buyback
Put pounds back in your pocket by selling back any foreign currency that you didn't spend. Over 2,500 branches of our branch network are On Demand branches and won't need to see an original receipt to buy back any of the currencies that we sell. Other selected branches can buy back your currency, provided you still have your original Post Office currency purchase receipt. We don't offer an online currency buyback service.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
Post Office accept the following payment methods:
Cash (in-store collection only)
Credit Card
Debit Card
The Post Office offer a full currency refund at the original price paid in the unfortunate case of your holiday (including flight-only bookings) being cancelled due to a significant event (such as holiday company collapse, strikes, political unrest, etc.). To qualify for a refund, you must have bought your travel money from the Post Office and will need to submit both your currency purchase and sell receipts and evidence of the cancellation.
Spend less and see more with the new FairFX Currency Card that lets you lock in great rates for 15 major currencies and spend in over 190 countries around the world. Existing FairFX cardholders can upgrade to a multi-currency card and move any balances over from their old card in a flash.
FairFX
3rd Floor Vintners Place 68 Upper Thames Street EC4V 3BJ
FCA Registered: No
FCA Authorised: No
Last updated 3 minutes ago.
Home Delivery
Next working day delivery is free for all orders over £750. Orders must be received by 1pm for next day delivery. Delivery charge for orders under £750 is £5.00. Delivery charges for Saturday orders are £3.00 for amounts over £750 and £8.00 below that amount.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC has over 1000 branches in the UK and it's international network comprises over 7000 offices in over 80 countries.
HSBC
8 Canada Square
E14 5HQ
FCA Registered: yes
FCA Authorised: yes
Last updated 27 minutes ago.
Home Delivery
Order your travel money online 24/7 via the HSBC website. Orders placed before 12:30pm will be delivered within 3 working days. Delivery to remote locations, including the Channel Islands and Isle of Man, will be within 4 working days. Please note: travel money services are only available to HSBC, First Direct and Marks & Spencer account holders only.
Click & Collect
You can order your currency for collection at any HSBC branch. You must be an HSBC, First direct or Marks & Spencer account holder to use our travel money service.
Currency Buyback
Take your unused foreign banknotes to your local HSBC branch to exchange them back into pounds Sterling. Buyback rates may vary between branches, please check with your local branch to confirm the rate before exchanging.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
ICE offer free next day delivery on orders over £700 if ordered before 3pm. Saturday delivery available for 99p. 0% commission and no hidden costs on over 50 currencies and click and collect available from 25 locations nationwide including airport locations for convenience.
ICE PLC
14th Floor Portland House Bressenden Place SW1E 5BH
FCA Registered: no
FCA Authorised: no
Last updated 3 minutes ago.
Home Delivery
ICE have been trusted by travellers for over 40 years. You can order over 50 different currencies for home delivery with same day despatch if ordered before 3pm. Free delivery on orders over £700. Various delivery charges apply below this amount. We also offer Saturday delivery for a small extra charge.
Click & Collect
Apply for a voucher to print off and take to your chosen pick up location to get the discounted click and collect rate of the day. Pay on collection.
Currency Buyback
You can exchange your unused currency in person at any of our airport locations.
Payment Methods
The payment method you choose determines how you are financially protected if something goes wrong.
ICE PLC accept the following payment methods:
Cash (in-store collection only)
Bank Transfer
Debit Card
Philippine peso rate history
Is now a good time to buy Philippine pesos? This chart shows the best Philippine peso rates recorded each day from 9 March to yesterday so you can see the trend over the past 60 days.
We compare more exchange rates and more travel money suppliers than any other comparison site. That's why millions of UK holidaymakers trust us every year to find the best Philippine peso rates.
Travel Insurance for the Philippines
Compare travel insurance quotes for trips to the Philippines. We compare a wide range of UK brokers so you can get essential cover in just a few clicks.
Exchange Philippine pesos into British pounds. Sell your leftover Philippine pesos by post or find your nearest store and exchange them over the counter.
A smart, flexible and secure alternative to cash. Load funds onto your card and use it whenever you go abroad at a fraction of the cost of normal bank cards.
The best Philippine peso exchange rate right now is 63.5218 based on our analysis of 16 currency suppliers across the UK.
The worst rate is 55.5994 which is 14.25% lower than the best rate. If you were buying £750 worth of Philippine pesos you'd get ₱5,941.80 more by going with the best offer.
The best Philippine peso rates are offered online by companies that specialise in travel money and foreign exchange. Online travel money specialists have lower overheads than most high street shops and traditional bureau de change which means they have greater flexibility in their pricing and can usually offer the best rates on the market.
If you absolutely must buy your Philippine pesos in person it's still worth seeing if you can order online first on the supplier's website because you'll often get a better rate buy pre-ordering in advance before you collect your order.
On the high street, supermarkets tend to offer better Philippine peso rates than travel agents and the worst rates are offered by banks and airports. If you've left it too late for home delivery (ideally three working days before you travel) or if you would prefer to buy your currency in person, use our Philippine peso store finder to find the best Philippine peso rates near you.
The best time to buy Philippine pesos is when the pound is performing strongly relative to the Philippine peso. That's the technically-correct answer, but it's not very helpful. What people really want to know is: how can I time the market just right to maximise the amount of Philippine pesos I get before I travel?
You can get a good idea of how competitive today's Philippine peso rate is relative to the past using our historical pound to Philippine peso charts, but beyond that it's impossible to say exactly when is the best time to buy.
If you have the luxury of time you can spread your Philippine peso purchases out over multiple weeks or months, but the short answer is nobody knows when the best Philippine peso rate is going to crop up; this isn't something you can control so you shouldn't worry about it - just buy your Philippine pesos whenever is convenient for you and get back to thinking about your holiday!
There is no evidence to suggest that you are better off buying your Philippine pesos in the Philippines. Exchange rates are usually very similar to those on offer here in the UK, but if you wait until you're in the Philippines you run the risk of being stuck with a poor exchange rate and little or no local competition to buy elsewhere. Also, you may have to pay additional fees or commission when buying Philippine pesos in the Philippines, whereas when you buy in the UK you know exactly how much you are getting up front with no hidden surprises when you come to buy.
If you want to send money to a bank account in the Philippines (or anywhere else in the world), you should use a money transfer service to send the funds for you. This is particularly useful for large or regular payments where the exchange rate is important, but you can use a money transfer service to send or receive funds between any overseas bank accounts (for example to pay for goods in the Philippines, or receive Philippine pesos into your UK bank account).
Thousands of customers order travel money on our website every week and the vast majority experience no issues whatsoever. However, as with any online order the process is not entirely risk-free and you should exercise caution when sending money to any company, particularly if you pay by bank transfer.
We undertake strict and comprehensive checks on the companies that we feature, and we monitor them all on a regular basis to ensure they continue to meet our high standards. Having said that, no company is too big to fail and we cannot guarantee the solvency of any of the suppliers who appear on our website. For this reason, we recommend that you conduct your own due diligence before placing an order with any company.
In the unlikely event that something does go wrong after you've placed an order, your payment method will determine how you are financially protected. For more information see: .
In 2007, a number of 100-peso banknotes were printed with a spelling mistake which referred to President Gloria Macapagal-Arroyo as 'Arrovo'. These rare notes are now highly collectible!
Choosing the right payment method
It's important that you understand the different ways that you can pay for your travel money because the payment method you choose determines how you are financially protected if something goes wrong with the supplier.
Bank Transfer
There is no financial protection if you pay by bank transfer, so if a supplier goes bust with your money you are unlikely to get it back. We recommend you choose an alternative payment method where one is available such as debit or credit card because they offer more financial protection.
Debit Card
If you pay by debit card your funds are protected in the event of fraud or non-receipt under the card issuer's product and service rules. If a supplier goes bust you can instruct your bank to make a chargeback request against the supplier's bank which means you have a good chance of recovering your money.
Credit Card
If you pay by credit card you have full legal protection under section 75 of the Consumer Credit Act. Section 75 states that the card issuer is equally liable with the provider of goods in cases where goods are not received which means your card issuer is legally required to reimburse you for the full amount (from £100 to a maximum of £30,000) if the supplier goes bust. However, it's worth noting that credit cards usually incur additional bank charges and interest (around £40 extra per £1000 spent) so you should balance up the benefits of full legal protection with the added costs of paying by credit card.
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FCA Registration and Authorisation
The Financial Conduct Authority (FCA) is the regulatory body for financial service providers in the UK. Part of the FCA's job is to ensure that companies who offer 'regulated activities' are acting in the best interests of consumers by requiring them to register or become authorised. Being registered or authorised by the FCA does not guarantee a company's solvency, but authorised companies are required to segregate all customer funds which means you have a better chance of recovering your money if the company goes bust.
Travel Money is not classified as a regulated activity by the FCA which means companies who solely provide travel money are exempt from registering, although they may choose to do so voluntarily. Companies who provide other foreign exchange services such as international money transfers may have to register with the FCA, and companies with a monthly turnover greater than €3M must be authorised by the FCA regardless of the products or services they provide.
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