About Post Office Travel Money card...
- No purchase fees
- Can be used all over the world
- No more Traveller’s Cheques!
The Post Office have got on the prepaid card bandwagon and, just like all the other companies offering these cards, they're hailing it as the new way to spend. But does it really live up to the hype?
The Post Office Travel Money card (not exactly a roll-of-the-tongue name!) costs £10. Unlike other prepaid cards there are no monthly fees and no purchase fees - so far, so good!
You can load it up with funds from £50 - £2500 and do so on the phone or in a Post Office. There are plenty of other cards out there that only have a minimum load of £10 and a staggering maximum load of £5000 - but they'll probably be charging you monthly maintenance fees or at least purchase fees.
The Post Office Travel Money card comes in 3 varieties, you can choose a Euro, Dollar or Sterling based card - and depending on the card you choose, there will be no foreign purchase fees for transactions made in that currency.
Buy Post Office Travel Money card 
| Usage Fees |
| |
|
Notes.. |
| Monthly Maintenance Fee |
Free |
The monthly fee charged for holding the card. |
| Purchase Transaction Fee |
Free |
The fee charged for purchase transactions. |
| ATM Cash Withdrawal Fee |
£1.50 |
The fee charged for withdrawing cash at an ATM machine. |
| Foreign Transaction Fee |
2.75% |
The fee charged for using this card abroad or for purchases made in a foreign currency.
This may be in additional to any purchase transaction or cash withdrawal charges. |
| Load Locations & Fees |
| |
|
Notes.. |
| Max Credit Amount |
£5,000.00 |
The total amount you can have loaded on this card at any one time. |
| Max Daily Load |
£5,000.00 |
The maximum amount you can load onto this card at a time. |
| Telephone |
Yes |
- From debit card: 1.5%- From credit card: 1.5% |
| Post Office |
1.5% |
- |
| Cardholder Services, Extras & Rewards |
| |
|
Notes.. |
| Online Account Management |
No |
- |
| Fraud Protection |
Yes |
You will be refunded for any fraudulent transactions made with your card if you inform the issuer in due time and accept Police investigations into the fraudulent use. |
| Customer Services & Other Costs |
| |
|
Notes.. |
| Card Purchase / Issue Fee |
£10.00 |
The cost of buying / taking out this card. |
| Lost/Stolen Replacement Fee |
£5.00 |
The fee charged if you need a replacement card due to loss or theft.
£35 fee if a card is couriered to you in an emergency. |
| Redemption Fee |
£5 cash out fee |
This is how much you will be charged for redeeming any balance on the card. |
| Customer Service telephone enquires |
Local rate |
0845 850 0077 / +44 207 490 8717 (from abroad)
24 hours, 7 days a week |
| Card Details |
| |
|
Notes.. |
| Online Application |
Yes |
You can register or buy the Post Office Travel Money prepaid card online. |
| Card Type |
Prepaid |
-
|
| Payment Company |
Visa Electron |
This is the company who provides the payment technology and infrastructure to allow you to use this prepaid card. Retailers and ATM machines displaying the 'Visa Electron' logo will accept this card. |
| Card Issuer |
Bank of Ireland |
This is the bank behind your prepaid card. |
| Card Advertiser |
Post Office Travel Money |
This is the company who advertises and promotes this prepaid card. |
|
Post Office Travel Money Card
Card Cost  |
£10.00 |
|
 |
| Monthly Fee |
Free |
|
|
| Purchase Fee |
Free |
|
|
| Load Options |
 Phone
 Post Office
|
|
|
 g(16858366)a(891318)) |
| You should only apply if you are: |
| • Aged 18 or over |
| • UK resident |
More about Post Office Travel Money card...
The Post Office Travel Money card is being pushed by the Post Office as a great alternative to Traveller's Cheques. But is this substantiated?
When making purchases with Traveller's Cheques you need ID. With a Post Office Travel Money card you don't. One-nil to the Post Office! It's also safer and easier to carry a single piece of plastic around with you as opposed to countless Traveller's Cheques.
Plus, if we're going to bring 'coolness' into the equation, fumbling around for Traveller's Cheques in one of those flesh-coloured money bags that you wear under your t-shirt, is definitely not cool.
The Post Office Travel Money Card is a lot cooler, a lot less obvious than a stash of Traveller's Cheques and with its 24/7 helpline offers peace of mind too.
The Post Office Travel Money card has no ties with your bank account - a great way of making sure your identity remains your own if your prepaid card is stolen. If it is stolen or lost they'll be a £5 replacement fee (which, again, is a reasonable fee in comparison to other card companies).
One downfall about the Post Office Travel Money card is the lack of online facilities. Other prepaid cards offer online access where you can check your card balance, last transactions and load up the card with funds. The Post Office Travel Money card does not offer this - but perhaps this is why its fees (ATM, monthly maintenance, purchase fees) are comparatively low or even non-existent.
To withdraw money from your Post Office Travel Money card at an ATM you'll be charged £1.50 a time. Which, whilst this will add up if you consistently withdraw money, is actually one of the cheapest fees around on prepaid cards. Many prepaid card companies charge £2 or £2.50, and the Virgin prepaid card charges a 2.95% fee.
Final Word
If you're after an easy life when you're on holiday or traveling abroad, the Post Office Travel Money card is a great alternative to carrying cash or traveller's cheques.
Just remember to choose your currency choice wisely to keep any usage costs down, choose Euro for European traveling, Dollars for America, and Sterling if you intend to use the card in the UK.
With no purchase fees and no monthly maintenance costs, the Post Office Travel Money card, compared to other prepaid cards, wins hands down when it comes to cutting costs on fees, especially when abroad!
Buy Post Office Travel Money card
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