Using a Post Office Travel Money Card can be a convenient way to manage your finances abroad. When you spend using your card’s balance in a supported local currency, there are no transaction charges. For instance, a €20 purchase in Spain will simply deduct €20 from your Euro balance.
To maximize your card and avoid extra costs, always opt to pay in the local currency of your card when making purchases or withdrawing cash. This avoids dual currency conversions that can increase transaction costs. For example, in Spain, always pay in euros if given the choice.
Cross Border Fees Explained
Cross border fees are charges levied by financial institutions for card payments or cash withdrawals in foreign countries. These fees cover the costs of currency conversion and administrative processes.
The Post Office Travel Money Card is designed for use in countries that support its loaded currencies. However, if you use your card in a country with a currency not supported by the card, such as Brazil, a cross border fee will be applied. This is because the card does not support the Brazilian Real.
The cross-border fee is 3% of the transaction amount.
For detailed information, please visit our cross border payment page.
Maintenance Fees: What You Need to Know
A monthly maintenance fee of £2 is applied to any remaining balance 12 months after your card expires. To avoid this fee, please renew your card or withdraw any remaining funds. No fee is charged if your balance is zero.
Post Office Travel Money Cards are valid for up to 3 years. Your card’s expiry date is printed on the back of the card.
Other Potential Fees
When you initially load your card with Great British Pounds (GBP), a load commission fee of 1.5% is applied. This fee has a minimum of £3 and a maximum of £50.
A cash withdrawal fee is charged for ATM withdrawals globally that accept Mastercard, and at UK Post Office branches. It’s important to note that some ATM operators may also impose their own withdrawal fees, which are additional to Post Office fees.
For complete details regarding all charges and fees, including currency-specific withdrawal limits and associated charges, please refer to the Travel Money Card terms and conditions.
Currency Specific Withdrawal Limits and Charges
Below is a table outlining the available currencies on the Post Office Travel Money Card, along with their respective maximum daily cash withdrawal limits and withdrawal charges:
| Currency | Code | Max Daily Withdrawal | Withdrawal Charge |
|---|---|---|---|
| Euro | EUR | 450 EUR | 2 EUR |
| US Dollar | USD | 500 USD | 2.5 USD |
| UAE Dirham | AED | 1,700 AED | 8.5 AED |
| Australian Dollar | AUD | 700 AUD | 3 AUD |
| Canadian Dollar | CAD | 600 CAD | 3 CAD |
| Swiss Franc | CHF | 500 CHF | 2.5 CHF |
| Chinese Yuan | CNY | 2,500 CNY | 15 CNY |
| Czech Koruna | CZK | 9,000 CZK | 50 CZK |
| Danish Krone | DKK | 2,500 DKK | 12.50 DKK |
| Great British Pound | GBP | 300 GBP | 1.5 GBP |
| Hong Kong Dollar | HKD | 3,000 HKD | 15 HKD |
| Hungarian Forint | HUF | 110,000 HUF | 600 HUF |
| Japanese Yen | JPY | 40,000 JPY | 200 JPY |
| Norwegian Krone | NOK | 3,250 NOK | 20 NOK |
| New Zealand Dollar | NZD | 750 NZD | 3.5 NZD |
| Polish Zloty | PLN | 1,700 PLN | 8.5 PLN |
| Saudi Riyal | SAR | 1,500 SAR | 7.50 SAR |
| Swedish Krona | SEK | 3,500 SEK | 20 SEK |
| Singapore Dollar | SGD | 500 SGD | 3 SGD |
| Thai Baht | THB | 17,000 THB | 80 THB |
| Turkish Lira | TRY | 1,500 TRY | 7 TRY |
| South African Rand | ZAR | 6,500 ZAR | 30 ZAR |
By understanding these potential fees associated with your Post Office Travel Money Card, you can use it effectively and avoid unnecessary charges while enjoying your travels.
