tesco kingston travel money

US Dollars (USD)

Whatever you have planned for your trip to the United States, you can check the Pound to Dollar exchange rate and buy Dollars online before you fly.

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Clubcard Prices are available for all currencies, just enter your Clubcard number on the next page. Full T&Cs below.

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Conveniently purchase currency or prepaid travel money cards in-store at Tesco.

• Home Delivery Home Delivery

Free delivery on orders worth £500 or more.

Exchange rates may vary during the day and will vary whether buying in store, online or via phone.

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Buy your Dollars online and collect them from selected Tesco stores

Travelling to the states pick up your dollars with the weekly shop..

If you need to buy Dollars for your next trip, why not give Click & Collect a try?

We offer next day collection for many currencies if you order before 2pm. You'll get a choice of collection dates when you place your order and these can vary depending on the store. So it's worth checking nearby alternatives if you don't see a date that suits.

Find a Store to get your Travel Money

With Click & Collect you can order your travel money online and pick it up from selected Tesco stores near you, or you can buy instantly from an in-store travel money bureau.

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How far your US Dollars could go

• Mid-range three-course meal for two: $72.50
• Cappuccino: $4.31
• 0.5 litre of beer: $6.00
• Soft drink: $2.02
• Loaf of fresh white bread (500g): $3.13
• Taxi Start (Normal Tariff): $3.25
• Taxi 1km (Normal Tariff): $1.68
• One-way ticket on local transport: $2.50
• Litre of petrol: $0.72

Information sourced from Numbeo.com, March 2021.

• Mid-range three-course meal for two: $67.50
• Cappuccino: $4.46
• Soft drink: $1.89
• Loaf of fresh white bread (500g): $2.67
• Taxi Start (Normal Tariff): $3.50
• Taxi 1km (Normal Tariff): $1.79
• One-way ticket on local transport: $2.00
• Litre of petrol: $0.70

San Francisco

• Mid-range three-course meal for two: $80.00
• Cappuccino: $4.83
• 0.5 litre of beer: $8.00
• Soft drink: $2.49
• Loaf of fresh white bread (500g): $3.80
• Taxi 1km (Normal Tariff): $1.86
• One-way ticket on local transport: $3.00
• Litre of petrol: $0.95
• Mid-range three-course meal for two: $50.00
• Cappuccino: $4.38
• 0.5 litre of beer: $4.50
• Loaf of fresh white bread (500g): $2.88
• Taxi Start (Normal Tariff): $2.75
• Taxi 1km (Normal Tariff): $1.49
• Litre of petrol: $0.55
• Mid-range three-course meal for two: $100.00
• Cappuccino: $4.96
• 0.5 litre of beer: $7.00
• Soft drink: $2.05
• Loaf of fresh white bread (500g): $3.96
• One-way ticket on local transport: $2.75

Buy before you fly

Benefits of planning ahead.

It's a good idea to exchange your Pounds for Dollars before you leave, so you can pay for travel essentials like food, drink, tips and transport when you arrive.

Buying your Dollars before you head off means you won’t need to worry about finding an ATM while you’re away. You’ll also be able to avoid any additional withdrawal charges.

It’s worth remembering that foreign exchange rates can go up and down. When you buy your Dollars in advance, you can be sure of the rate you are going to get. If you withdraw cash when you arrive in the United States, you may not get the same exchange rate.

Get your currency when it’s convenient for you

You can use Click & Collect to arrange a time to pick up your US Dollars as part of your weekly shop, either from a Tesco Travel Money bureau or customer service desks. You can also use our home delivery service, which is free for online orders of £500 or more.

Exchange rates can change throughout the day and may vary depending on whether you buy in-store, online, or over the phone.

Some common questions about the US Dollar

The US Dollar is the currency used in the United States. It is used in other states, regions, and countries too, including Ecuador, Puerto Rico and the British Virgin Islands. Thanks to the size of America and the number of other places that use and accept US Dollars, it is the most commonly used currency in the world.

There are also 65 countries that don’t use the US Dollar as their official currency, but they do peg their own currencies to it. This means the national government or central bank of those countries sets a fixed exchange rate for its currency and the US Dollar.

There are many countries that use the US Dollar as their official currency, including:

• The United States of America The United States of America
• Commonwealth of Puerto Rico Commonwealth of Puerto Rico
• Ecuador Ecuador
• Republic of El Salvador Republic of El Salvador
• Republic of Zimbabwe Republic of Zimbabwe
• The Virgin Islands of the United States The Virgin Islands of the United States
• The British Virgin Islands The British Virgin Islands
• Democratic Republic of Timor-Leste Democratic Republic of Timor-Leste
• Bonaire Bonaire
• American Samoa American Samoa
• Commonwealth of the Northern Mariana Islands Commonwealth of the Northern Mariana Islands
• Federated States of Micronesia Federated States of Micronesia
• Republic of Palau Republic of Palau
• Marshall Islands Marshall Islands
• Panama Panama
• Turks and Caicos Turks and Caicos

Some countries don’t officially use the US Dollar, but they will accept it alongside their own currency. When you’re visiting places like Canada and Mexico, you will usually be able to pay in US Dollars. The same is true for the Bahamas, Barbados, Bermuda, the Cayman Islands, Belize, Nicaragua, Sint Maarten, St Kitts and Nevis, as well as the ABC Islands of Aruba, Bonaire, Curacao, and the BES Islands including Bonaire, Sint Eustatius, and Saba.

Notes come in 1, 2, 5, 10, 20, 50 and 100 Dollars. Coins come in 1 Cent, 5 Cent, 10 Cent and 25 Cent pieces, but are referred to as a Penny, Nickel, Dime and Quarter respectively.

Looking for a different currency?

We sell over 50 currencies. Order online for home delivery or collect from selected Tesco stores.

Important information

Buying foreign currency using a credit or debit card.

No matter how you purchase your travel money, whether it be in store, online or over the phone, you will not be charged any card handling fee by us. However, regardless of your card type, your card provider may apply fees, e.g. cash advance fees or other fees, so please check with them before you purchase your travel money.

Click & Collect cancellations

You can cancel a Click & Collect order any time prior to collection. We'll refund you with the full Sterling amount that you paid for your order, unless you cancel less than 24 hours before your collection date, in which case we'll charge a £10 late cancellation fee.

We are unable to refund any fees charged by your card issuer, so please contact them if you have any further queries.

When you get home, we'll buy your travel money back

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 home. We buy back all the currencies we sell in most banknote values and also the Multi-currency Cash Passport™. Buy back rates may vary during the day.

It doesn't matter where you bought your travel money, even if it wasn't from a Tesco Travel Money Bureau, we'll still buy it back.

More about currency buy back

Tesco Travel Money is provided by Travelex

Tesco Travel Money ordered in store is provided by Travelex Agency Services Limited. Registered No. 04621879. Tesco Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited. Registered No. 03797356. Registered Office for both companies: Worldwide House, Thorpewood, Peterborough, PE3 6SB.

Multi-currency Cash Passport is issued by PrePay Technologies Limited pursuant to license by Mastercard® International. PrePay Technologies Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900010) for the issuing of electronic money and payment instruments. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Clubcard Prices

Clubcard Prices are available on the sell rate only for currencies in stock online, on your date of purchase. The Clubcard Price will be better than the standard rate advertised online on the date of purchase. When purchasing online you must enter a valid Clubcard number to obtain the Clubcard Price rate. Exchange rates may vary whether buying in store, online or by phone.

Clubcard Prices apply to foreign currency notes in stock on your date of online purchase. Due to constant market and currency fluctuations, rates on the date of purchase cannot be compared to another day’s rates. The actual rate you receive may vary depending on market fluctuations. Clubcard data is captured by Travelex on behalf of Tesco Bank.

Check out the Tesco Bank privacy policy to find out more.

Other customers have been asking:

If you've got a problem or query on your order, get in touch with us. We're here to help.

Tesco Travel Money

Category : Bureau De Change Category : Bureau De Change

Address: Brunton Ln, Kingston Park, Newcastle Upon Tyne, NE3 2FP

Main: 0191 28... Main: 0191 28... Main: 0191 286 3862 -->

 website: www.tesco.com/store-locator/newcastle-upon-tyne/brunton-ln/travel-money  website: Visit Website

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Business Profile

Tesco Travel Money near you, is located within our store in Newcastle Upon Tyne Extra - Travel Money, we bring you a seamless experience to easily exchange foreign currency. Whether you're looking for travel money or searching for where you can exchange foreign currency hassle-free, our dedicated service ensures your needs are met. Say goodbye to the stress of finding a reliable foreign currency exchange in Newcastle Upon Tyne Extra - Travel Money and trust Tesco Travel Money to provide you with the convenience you are looking for. Opening hours are consistently reviewed by our team to ensure that they are always updated, and correct.

Tesco Travel Money Verified ID: 930996876001280

Verified 15/06/2024 @ 16:16:30 Last updated 15/06/2024 @ 16:16:36

Learn more about Verification in the Central Index

Opening Hours

Monday 09:00 to 18:30

Tuesday to Wednesday 09:00 to 19:30

Thursday 09:00 to 18:00

Friday 10:30 to 16:00

Saturday to Sunday 09:00 to 18:30

Tesco Bank Travel Money – How Does It Work?

Planning your dream vacation? Alongside your flight bookings and luggage preparations, it’s essential to ensure your travel money arrangements are in order.

If you prefer having cash in hand while abroad, one convenient option for acquiring foreign currency is through Tesco Bank Travel Money. But what exactly is it, and how does it work? Let’s delve into the details, covering the process of ordering, collection and delivery options, fees, exchange rates, and more.

Additionally, we’ll explore an alternative that not only streamlines your travel expenses but also potentially saves you money – the Wise card . It’s an international debit card designed for spending and cash withdrawals in over 150 countries, boasting favourable exchange rates and eliminating the need to carry cash around, leaving extra room in your luggage.

But first, let’s focus on understanding Tesco Bank Travel Money.

What is Tesco Bank Travel Money and How Does it Operate?

Tesco Travel Money is a service that allows you to purchase foreign currency, either online or at a physical Tesco store. This flexibility enables you to either pre-order your currency or buy it on the spot at your local Tesco supermarket, provided they have a travel money bureau in-store.

Tesco Bank boasts a wide range of readily available foreign currencies for purchase, including popular options like EUR and USD. However, if the currency you require isn’t in stock, they can place an order for you.

Here are the key features offered by this service:

• Price Match : If you come across a better exchange rate advertised within three miles of your local Tesco Travel Money Bureau on the same day, Tesco Bank will match it. This applies exclusively to in-store, like-for-like transactions and not to rates advertised online.
• Clubcard Prices : Tesco Clubcard holders can benefit from improved exchange rates by providing a valid Clubcard number. This perk is available only for online currency purchases.
• Buy Back Service : If you have any unused foreign currency remaining after your trip, you can exchange it back to Tesco Bank for pounds.
• 10% Discount on Tesco Bank Travel Insurance : When you purchase Tesco Travel Money, you can enjoy a 10% discount on Tesco Bank travel insurance.

It’s worth noting that Tesco Travel Money received the ‘Best Travel Money Provider’ award in the Personal Finance Awards 2022/23, a recognition bestowed by the public. This foreign currency exchange service is powered by Travelex.

Fees and Exchange Rates

Now, let’s explore the cost associated with using Tesco Bank Travel Money. The good news is that there’s no commission fee when ordering currency in a Tesco store or opting for Click and Collect services.

However, for certain orders requiring home delivery, there are delivery fees to consider. Here are the main charges you should be aware of:

• Online foreign currency orders between £75 and £149.99: £4.99 delivery fee.
• Online foreign currency orders between £150 and £499.99: £3.95 delivery fee.
• Online foreign currency orders over £500: Free.
• Late cancellation of Click & Collect order (less than 24 hours before the collection date): £10 late cancellation fee.

It’s essential to keep in mind that additional charges might apply if you use a credit card to pay for your Tesco Travel Money order. While Tesco Bank won’t charge you, your credit card provider is likely to impose fees for cash-related transactions, which often include foreign currency purchases.

Tesco Travel Money Exchange Rates

Tesco Bank Travel Money, like many other foreign currency providers, incorporates its margin into the mid-market exchange rate. Also known as the interbank rate, this is the rate used by banks for inter-currency transactions, considered one of the fairest exchange rates. However, it’s rarely available through most providers, except for a few like Wise.

By adding its margin to the rate, Tesco Bank generates revenue from the transaction. Unfortunately, this means you’ll receive slightly less foreign currency in exchange for your pounds. Nevertheless, Tesco Bank offers slightly improved rates for Tesco Clubcard holders when they order online.

The exchange rates provided by Tesco Bank are transparent and can be checked in real time on their website.

Do Tesco Clubcard Holders Get Better Exchange Rates?

If you’re a Tesco Clubcard holder considering using Tesco Bank Travel Money, you might be wondering if this loyalty program can help you secure more favourable exchange rates.

The Clubcard Price offered by Tesco Bank Travel Money is designed to provide you with better rates compared to the standard ones advertised online at the time of purchase . This exclusive perk is accessible when you make your currency purchases online. To benefit from the Clubcard Price, you’ll need to input a valid Clubcard number during the transaction.

It’s important to note that exchange rates can fluctuate depending on the method you choose for purchasing your foreign currency. Whether you opt to buy in-store, online, or by phone, these rates may vary.

How to Order Travel Money from Tesco – A 9-step Guide

If you’re interested in obtaining travel money from Tesco, here’s a step-by-step guide for placing an online order:

• Visit the Tesco Bank Travel Money website.
• Choose your desired currency from the dropdown menu on the right-hand side.
• Indicate whether you possess a Tesco Clubcard. If you do, you’ll benefit from enhanced exchange rates.
• Select the amount you wish to order, either by choosing from the predefined options or entering a specific amount.
• Review the exchange rate and the amount of currency you’ll receive in exchange for your pounds.
• Click on ‘Buy Currency Online’
• Follow the on-screen instructions to place your order, including entering your Clubcard number (if applicable) and payment details. Note that online orders are payable by card only.
• Select either Home Delivery or Click & Collect, making the required delivery fee payment if applicable.
• Await the arrival of your travel money through postal delivery or head to your local Tesco Bank bureau on your chosen collection date to pick up your order.

The Collection and Delivery Process

If you opt for Click & Collect, you can conveniently locate your nearest Tesco store with a foreign exchange bureau by entering your postcode. You’ll receive a specified collection date, and your money will be ready for collection after 3 PM on that date. Don’t forget to bring photo ID and the card used for placing the order to verify your identity.

For home delivery orders, here’s what you can expect in terms of delivery times:

• Orders placed before 1:30 PM from Monday to Thursday: Next day delivery.
• Orders placed before 1:30 PM on Friday: Delivery on Saturday or Monday.
• Orders placed after 1:30 PM from Monday to Friday, or anytime on Saturday or Sunday: Delivery within 2 working days.

Remember that someone must be present to sign for the delivery of travel money orders.

The Tesco Multi-currency Cash Passport

Tesco Bank offers an interesting alternative known as the Tesco Multi-currency Cash Passport. This prepaid travel money card allows you to load up to seven different currencies before your trip, enabling spending abroad just like you would with a regular debit card in the UK. The added benefit is the ability to lock in the exchange rate every time you load, reload, or switch between currencies.

However, there are a few considerations to keep in mind. The available currencies are limited to euros, US dollars, UK pounds, South African rands, Australian dollars, Canadian dollars, and New Zealand dollars. There are fees involved as well, including a £1.50 withdrawal fee at ATMs or a 2% commission on purchases made in UK Pounds.

The Wise Card – A Convenient Alternative to Currency Exchange

While Tesco Bank Travel Money provides a reliable option for obtaining foreign currency, it’s not the sole solution for managing your holiday expenses.

If you’re seeking more favourable exchange rates and a cashless approach, the Wise card is an attractive choice. This contactless international debit card can be used in over 150 countries, wherever Mastercard and Visa are accepted. This grants you the ability to make purchases in shops, restaurants, bars, and transport hubs worldwide.

When you use the Wise card, it automatically converts your pounds to the local currency at the mid-market exchange rate, with no additional margins or markups. There is only a modest currency conversion fee, or none at all if you already have the currency in your Wise account.

For cash needs, the Wise card allows you to withdraw up to £200 per month with no fees (up to two withdrawals). However, be mindful that overseas ATM operators may charge their own fees.

With the Wise card, you can enjoy the convenience of tapping and spending like a local, all while benefiting from a favourable exchange rate. Additionally, the Wise app allows you to manage your account, card, and expenses on the go.

By opening a Wise multi-currency account online, you can obtain a Wise card for a one-time cost of just £7, without any subscription fees. Be sure to review the Terms of Use for your region or check Wise fees and pricing for the most up-to-date information on costs and fees.

And there you have it – a comprehensive overview of Tesco Bank Travel Money and its operations, plus a cashless alternative for digital fans. If you prefer having foreign currency in hand before your trip, then Tesco Travel Money is certainly worth considering, particularly due to its lack of commission fees. Alternatively, you can conveniently visit your local Tesco store with a foreign exchange bureau to obtain your travel money instantly.

Remember, it’s advisable to conduct a quick comparison of exchange rates, as you may find more favourable options for obtaining foreign currency elsewhere but Tesco Travel Money solidifies its reputation with one of the more attractive offerings for travellers.

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TESCO - Kingston, Milton Keynes

Opening times tesco - kingston, milton keynes, holiday opening hours 2024 show.

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Offers & Special Buys TESCO

• Thu 13/06 - Wed 19/06/24

• TESCO Magazine June
• Sat 08/06 - Sun 30/06/24

View more TESCO popular offers

Phone number 0345-677-9462 Website www.tesco.com Social sites         Customer rating 4 ( 9 x) 1 5 1

TESCO - Kingston, Milton Keynes - Opening Hours & Store Details

TESCO Extra occupies a spot in Kingston Centre at 1 Winchester Circle, 3.08 miles east of the centre of Milton Keynes, in Kingston ( a few minutes walk from Broughton Brook Linear Park and Big Rock Climbing ). The store is located in a convenient locale that primarily serves the people of Broughton, Brooklands, Broughton Gate, Kingston, Brinklow, Milton Keynes Village, Magna Park and Oakgrove. Visit today (Wednesday) from 6:00 am - midnight. Business hours, address details or contact info for TESCO Kingston, Milton Keynes can be found here.

Getting Here - Winchester Circle, Milton Keynes

TESCO Extra can be found near the roundabout of Winchester Circle, Mandeville Drive and Chippenham Drive, in Kingston, Milton Keynes, at Kingston Centre.

The store is merely a 1 minute trip from Bransworth Avenue, Chippenham Drive, Standing Way or Tongwell Street; a 4 minute drive from Newport Road, Bletcham Way and Childs Way; and a 12 minute trip from Portway and M1.

To get here easily, key in the following navigation coordinates: MK10 0AH.

Local buses run directly to Chippenham Drive, Kingston District Centre, Brinklow Roundabout North and Lasborough Road.

Trains stop directly at Woburn Sands Station (1.89 mi) and Bow Brickhill Station (2.34 mi away). Available by way of the London Midland Trains line.

By foot you'll find Monkston Primary School, Prehistoric Park, Brooklands Pavilion, Countess Way Plaza, The Stables Theatre, Brooklands Farm Primary School, Kents Hill Park, Sis Industrial and Milton Road Circus.

TESCO Locations Nearby Milton Keynes

With this store, TESCO operates 17 different locations in Milton Keynes, Buckinghamshire.

Browse the following link for an entire directory of TESCO supermarkets near Milton Keynes .

Kingston Centre

Visit Kingston Centre today for additional fine quality stores and great offers. This spot's other vendors include McDonald's, TESCO, Carphone Warehouse, Costa Coffee, Claire's, Clarks, Greggs, ALDI, Home Bargains and Tim Hortons.

Related searches: TESCO Broughton, Milton Keynes ;  TESCO Kingston Centre Retail Park, Milton Keynes

Other Stores

Holland and barrett milton keynes tesco, greggs kingston centre, milton keynes, subway kingston, milton keynes, costa coffee kingston centre, milton keynes, wilko kingston, milton keynes, customer reviews.

16/03/2021 I would like to pass on my grateful thanks to all the staff who work in the click and collect and home delivery departments at Tesco's Kingston who managed to arrange a last minute home delivery for my shopping, which was a click and collect order, as we are isolating. They have gone above and beyond to make sure we got our food during these difficult times. Thank you we really appreciate everything you are doing, the click and collect service we usually use has been amazing too.

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Milton Keynes Bletchley Extra Tesco Travel Money

About tesco travel money at milton keynes bletchley extra.

Tesco Travel Money Milton Keynes is conveniently located inside our store so you can easily exchange currency. Take a look at the Tesco Bank website to see our stocked currencies.

Frequently Asked Questions

You can view exchange rates on our Travel Money website - https://www.tescobank.com/travel-money/ . Exchange rates may vary during the day and will vary whether you're buying in store, online or over the phone.

You can find our opening times at the top of this page.

Please contact Travel Money on 0345 366 0103 or visit https://www.tescobank.com/travel-money/contact-us/ .

You can search for your nearest Travel Money kiosk on our store locator https://www.tesco.com/store-locator/ .

Contact Information

Nearby stores, f&f clothing watling street, tesco pharmacy watling street, tesco cafe watling street.

Tesco Bank Travel Money Review: Is It Safe? How Does It Work? What Are the Rates?

François Briod

Co-Founder of Monito and money transfer expert, François has been helping Monito’s users navigate the jungle of money transfer fees, bad exchange rates and tricks for the last ten years.

Links on this page, including products and brands featured on ‘Sponsored’ content, may earn us an affiliate commission. This does not affect the opinions and recommendations of our editors.

Is Tesco Travel Money the best option for sending money abroad? Compare your options to make sure you get the best exchange rate and lowest fees for your transfer.

What Monito Likes About Tesco Travel Money

• Wide availability across the U.K.
• A range of currency exchange services
• Tesco Bank Travel Money services are safe, secure and regulated

What Monito Dislikes About Tesco Travel Money

• Exchange rates can be considerably more expensive than the base exchange rate or exchange rates from other providers
• Local bureau de change rates can be more expensive still and you can only get these rates by visiting a Tesco bureau de change

Compare Tesco To Cheaper Travel Money Cards Now

Read our in-depth guide for the best travel cards in the UK, such as Revolut , that can reduce or eliminate foreign transaction fees, ATM fees, and expensive currency conversion fees.

Our Independent Review of Tesco Bank Travel Money

Tesco Bank Travel Money is a currency exchange provider that offers foreign currency services. As part of the largest supermarket chain in the U.K., Tesco Bank is very widely available with over 360 in-store money exchange locations and pre-order money collection from over 550 Tesco stores. They have minimum order amounts of £50 and maximum order amounts of £2,500. You can exchange money for more than 120 currencies. 

Tesco travel money is provided through a partnership with Travelex .

Tesco Bank Click and Collect for Foreign Currency

You can choose to order foreign currency online through your Tesco bank account. You can then have the money delivered directly to your home address or to a Tesco store. If you order euros or U.S. dollars before 2 PM, you can pick them up the next day from most Tesco Travel Money locations.  Other currencies can take up to five days. You can also order any currency for the next weekday delivery to most Tesco customer service desks.

You can choose a collection date for picking up your money and you’ll need to bring a valid photo ID—either a passport, or a full UK photographic driving license. You’ll also need to bring the card that you used to place the order. 

Tesco Bank Currency Exchange at Local Bureaux de Change

Tesco Bank also provides immediate money exchange at  360 in-store locations across the U.K. Many of these locations are open seven days a week with same-day collections on many popular currencies. 

Tesco Bank Home Delivery for Travel Money

If you order foreign currency before 2 PM from Monday to Thursday, you can get next day home delivery to most homes in the U.K. Orders of £500 or more and there’s a £3.95 delivery charge for orders under that amount. You will need to have someone available to sign for the delivery. 

Tesco Bank Prepaid Currency Card

Tesco Bank offers a “Cash Passport” travel card. You can load up to seven currencies on the card including euros, U.S. dollars, U.K. pounds, South African rands, Australian dollars, Canadian dollars and New Zealand dollars. Tesco Bank does not charge a commission on foreign purchases, although there is a 2% fee if you use the card in the U.K. The travel money card is only available at a Tesco Bank location. 

Tesco Bank International Money Transfer

Tesco Bank allows you to send money to an international account so you can make a payment or deposit money with family or friends. Tesco Bank has a partnership with MoneyGram . This means you can send money to over 200 countries around the world. MoneyGram can’t be used for business transactions. 

You can send money through the MoneyGram app or by paying with a debit card or cash at a Tesco Bank location. Beneficiaries can get money deposited into their bank account, transferred to a mobile wallet or they can pick it up in cash at a MoneyGram agent location. Money transfers can take anything from a few minutes to a couple of working days. 

You can also collect 50 Tesco Clubcard points every time you send £50 or more.

No Card Fees Charged by Tesco Bank

Whether you buy online or in-store, Tesco Bank does not charge any card processing fees, although you may be charged by your card provider.

Tesco Bank Price Guarantee

Tesco Bank provides a price match guarantee on local bureau de change orders. This does not apply to online orders. Here’s what Tesco Bank says about its price guarantee:

“If you find a better exchange rate advertised by another provider within three miles of your chosen Tesco Travel Money Bureau, on the same day, we'll match it.

Price Match only applies in store on a like-for-like basis on sell transactions and does not apply to any exchange rate advertised online or by phone. This is not available in conjunction with any other offer. We reserve the right to verify the rate you have found and the three-mile distance (using an appropriate route planning tool).”

Tesco Travel Money Fees & Exchange Rates

In most cases, Tesco Bank makes its money on the difference between the “base,” interbank* exchange rate and the exchange rate that they charge to you. However, some services such as international money transfers do incur additional fees. 

*The interbank rate is also known as the mid-market or standard exchange rate, which is the midpoint between the buying and the selling prices of the two currencies.

Click and Collect Fees

There is no additional fee for Click and Collect orders, although if you cancel a Click and Collect order less than 24 hours before your collection date you will be charged a £10 late cancellation fee.

Tesco Bank Travel Money Money Card Fees

• Tesco Bank does not charge a commission on foreign purchases, although there is a 2% fee if you use the card in the U.K.
• There is a fee for ATM withdrawals as follows: GB £1.50, EU €1.75, US $2.30, AU $2.30, CA $2.40, NZ $3.00, ZA R20. Some cash machine operators charge an extra fee
• There may be other fees associated with the travel money card, you can get details of these fees from a Tesco Bank location

Tesco Bank Travel Money Money Card Limits

Tesco Bank locations will have details on any limits applicable to your travel money card. 

Overseas Money Transfer Fees

Tesco Bank has a partnership with MoneyGram and they do charge a fee for sending money directly to some countries. Typically, the fee charged by MoneyGram is £3.99.

About Fees Levied by Banks

Certain fees may be levied by banks when you are transferring money to another account. These fees are outside the control of Tesco Bank Travel Money. Circumstances, where banks may charge additional fees, include:

• Wire transfers into or out of sender or beneficiary accounts
• Transfers that are sent via SWIFT or certain other banking protocols
• Beneficiary banks charge a fee to receive a transfer
• Intermediary banks charge fees to process money in transit

These fees could mean that the beneficiary receives less money than stated by Tesco Bank Travel Money due to circumstances beyond Tesco Bank Travel Money’s control. If you want to understand what these extra fees are likely to be, please contact your bank and the beneficiary's bank.

Tesco Bank Travel Money Exchange Rates for Online Travel Money

Tesco does offer better exchange rates the more you order. You can start to access these better exchange rates when you buy £800 or more of foreign currency.

Tesco Bank Travel Money makes most of its money on the difference between the exchange rate they offer to customers and the base exchange rate. For example, the base rate to convert U.K pounds into euros is 1.146 euros per pound. Tesco Bank Travel Money offers an exchange rate of 1.125 euros per pound, a difference of 2%. That means if you’re exchanging 1,000 pounds into euros, you’ll pay an exchange rate fee of around £20.

Here are some other examples:

Exchanging 1,000 U.K. Pounds Into Australian Dollars

• Base exchange rate, 1,000 GBP converts to 1,862 AUD
• Tesco Bank Travel Money online exchange rate, 1,000 GBP converts to 1,819 AUD
• The Tesco Bank Travel Money exchange rate is 2.3% more expensive, or around 23 GBP in exchange rate fees

Exchanging 1,000 U.K. Pounds Into Danish Krone

• Base exchange rate, 1,000 GBP converts to 8,560 DKK
• Tesco Bank Travel Money exchange rate, 1,000 GBP converts to 8,107 DKK
• The Tesco Bank Travel Money exchange rate is 5.2% more expensive, or around 52 GBP in exchange rate fees

Exchanging 1,000 U.K. Pounds Into U.S. Dollars

• Base exchange rate, 1,000 GBP converts to 1,265 USD
• Tesco Bank Travel Money exchange rate, 1,000 GBP converts to 1,244 USD
• The Tesco Bank Travel Money exchange rate is 1.7% more expensive, or around 17 GBP in exchange rate fees

If you’re purchasing currency online or you want to transfer money to an overseas account, you can get much better deals by comparing specialist currency exchange providers . Several money exchange services have overall fees of 1% or lower, even when taking into account differences in exchange rates. 

All of the Tesco Bank Travel Money exchange rates quoted in this section are based on their online rates for converting money for home delivery or store pickup. Local bureau de change rates may vary and are likely to be more expensive than what we quote here. All rates correct as of early October 2019.

Tesco Bank Travel Money Exchange Rates for International Money Transfers

Here are the rates Tesco Bank charges for sending money to foreign bank accounts through MoneyGram.

Sending 500 U.K. Pounds to a Euro Account

• Base exchange rate, 500 GBP converts to 573 EUR
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 550 EUR
• The Tesco Bank Travel Money exchange rate is 4% more expensive, or around 20 GBP in exchange rate fees

Sending 1,000 U.K. Pounds to a South African Rand Account

• Base exchange rate, 500 GBP converts to 9,343 ZAR
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 8,551 ZAR
• The Tesco Bank Travel Money exchange rate is 8.5% more expensive, or around 43 GBP in exchange rate fees

Sending 1,000 U.K. Pounds to a New Zealand Dollar Account

• Base exchange rate, 500 GBP converts to 999 NZD
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 937 NZD
• The Tesco Bank Travel Money exchange rate is 6.3% more expensive, or around 31 GBP in exchange rate fees

Note that you will need to pay a Tesco Bank Travel Money international money transfer fee, typically £3.99, to send money to a foreign account. 

All of the Tesco Bank Travel Money / MoneyGram exchange rates quoted in this section are based on their online rates for sending money to an overseas bank account. All rates correct as of early October 2019.

Comparing Tesco Bank Travel Money Rates To Other Providers

You can easily compare many money transfer services directly using our comparison tool . There are several new services that it’s worth comparing directly to Tesco Bank Travel Money.

Specialist Currency Providers for Other Destinations

You may also be able to get a better deal for money transfers when you’re sending money to certain countries. For example, if you’re sending 500 GBP to India, the beneficiary would get around 44,846 INR with Skrill compared to 44,373 INR with Tesco Bank Travel Money, a difference of around 1% or £10. 

How Easy Is It To Send Money With Tesco Travel Money

Tesco Bank Travel Money services provide convenient local and online currency exchange and money transfer services, combined with an international travel card.

Credibility Security

Tesco is a very well known, trusted brand. Here’s what they say on their website. 

“Tesco Travel Money ordered in-store is provided by Travelex Agency Services Limited. Registered No. 04621879. Tesco Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited. Registered No. 03797356. Registered Office for both companies: 4th floor, Kings Place, 90 York Way, London N1 9AG.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Issued by Wirecard Card Solutions Limited. Registered Office: 3rd Floor, Grainger Chambers, 3-5 Hood Street, Newcastle upon Tyne, NE1 6JQ. Registered in England No. 07875693. Authorised and regulated in the UK by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900051).”

Customer Satisfaction

Tesco Bank Money scored very poorly for customer satisfaction on Trustpilot, achieving a score of just 1.4 out of 5 across more than 600 reviews. Around 11% of reviews said that they were “excellent” or “great” compared to 88% of reviews that said they were “poor” or “bad.” Note that these reviews were across Tesco Bank Money as a whole, not just for travel money or currency or online overseas transfers. 

We could not find any positive reviews for Tesco Bank’s travel money service. 

There were numerous negative reviews including problems with discrepancies in the amount of foreign currency received, complaints about customer service and issues of the late arrival of travel money. A typical review was, “Ordered travel money from Tesco. When counting the travel money, a significant amount was missing coming to the approximate value of £35. Tesco investigated and found no discrepancies. So I am £35 out of pocket due to their incompetence. Do not order travel money off Tesco.”

How Tesco Bank Travel Money works

If you want to pick up travel money in person, the individual who ordered the travel money must collect it. You will need to have an order reference number and the card you used to pay for your order. You will also need to know your card's PIN to verify your order. You should also have a valid photo ID like a passport, full photographic driving license or an EU ID card. 

Here’s what you’ll need to make a money transfer with MoneyGram.

• If you have a MoneyGram account you can log in, otherwise, you will need to create a new account
• Decide how much you’d like to send and where you want to send it to
• Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data
• Tell MoneyGram how the beneficiary wants to get their money—through a bank transfer, cash pickup, or via some other means
• Agree to the MoneyGram exchange rate and any fees
• Pay for your transfer
• Enter your information to verify your identity

Money blog: Taylor Swift makes £450 kebab shop order

The Money blog brings you personal finance and consumer news, plus all the latest on the economy. Let us know your thoughts on any of the stories we're covering in the comments box below.

Wednesday 19 June 2024 16:22, UK

Inflation news

• Big moment in cost of living crisis as inflation falls to 2%
• Watch : Ed Conway breaks down inflation numbers - and shows chart that tells very different story
• Interest rate cut will be delayed - markets
• One concerning figure in today's data could delay interest rate cut - economists
• Analysis : Welcome news but question marks remain

Money blog essentials

• Taylor Swift makes £450 kebab shop order
• 'One guy wanted to rent my room for a few hours to meet a friend...' What I learnt from putting my home on Airbnb
• Women in Business : 'How I went from mum with no qualifications to owner of big law firm'
• Holiday money - where to buy it, how to avoid fees, and one thing you must not do
• Best of the Money blog - an archive

Ask a question or make a comment

Every Wednesday we ask Michelin chefs to pick their favourite Cheap Eats where they live and when they cook at home. This week we speak to  Sofian Msetfi, executive chef at Mayfair's one-starred Ormer restaurant.

Hi Sofian - what are your picks for a meal for two for less than £40 in London?

Berenjak  in Soho and London Bridge offers a traditional Persian dining experience - I'd recommend ordering a charcoal grilled kebab for that tables plus a selection of the mezeh-style sharing plates to accommodate a budget of £40 for two. A brilliant dining experience with high-quality and fresh ingredients.  

BAO  (with locations around London) is known for its creative take on Taiwanese street food. They offer some of the best bao buns in the city which start from just £6, plus there's affordably priced small plates, allowing for a diverse tasting experience without overspending. The restaurants also have a weekday set menu with three courses for £15, which is a steal.

Secret Sandwich Shop  in Notting Hill elevates the humble sandwich to new heights – the sheer size of the Japanese Wanpaku sandwiches are incredible and so filling. It's a great find, hidden behind a secret door in Notting Hill, with the signature "Secret Sandwich" priced at £9, meaning you can each get a sandwich plus a generous selection of classic snacks and even some Japanese drinks for £40. 

What's your go-to cheap meal at home?

A braised lemon chicken with green olives. You can use chicken thighs or legs in this recipe (which are often much cheaper). It's easy and quick, everything goes in the dish together and cooks at the same time. One of my favourite tips is to use some of the olive brine from the jar when cooking as it really enhances the flavour of the dish.

We've spoken to lots of top chefs and bloggers - check out their cheap eats from around the country here...

Taylor Swift has reportedly ordered 45 large kebabs for her team ahead of her Wembley Stadium show.

The singer is set to perform in front of up to 90,000 fans on Friday in the first of eight Eras Tour shows at the London venue.

But before that, her staff will be tucking into £450-worth of chicken donor kebabs made by Kentish Delight, according to The Sun.

The takeaway restaurant is thought to be a favourite of Taylor's, having featured in the music video for End Game in 2017.

"Taylor adds garlic sauce to hers, as well as heaps of salad," a source told The Sun.

The newspaper previously reported the star bought hundreds of Greggs sausage rolls, steak bakes and bakery goods for her team when performing in Edinburgh.

Cricket salads, lab-grown steaks and azolla burgers could be staples on British menus in 30 years' time, according to the Co-op. 

Using AI and research from experts from FixOurFood and the University of York, the retailer predicted what mealtimes could look like in 2054. 

They predict a rise in urban indoor farming across Britain, which will in turn see lab-grown meat and seafood - cultivated from animal tissues to produce steaks, burgers, tuna and lobster - become more mainstream.

Another part of the report suggested climate change would result in the likes of avocados and olives being grown in Surrey by 2054 - meaning less reliance on importing vegetables. 

"By 2054, British people will have edible insects on their dinner plate, and we may see the crushing up of crickets quicker than wholegrain," project researcher Bob Doherty said. 

"We may even see the introduction of 3D-printed food. As we navigate the challenges of climate change, we'll need to embrace these innovations to ensure that we can feed a growing population sustainably."

After spending the morning reacting to the positive news on inflation (and less positive news on interest rates), we're going to start posting other personal finance and consumer news again now.

We'll still have any reaction coming in on the economy.

Our  economics and data editor Ed Conway  has been poring over this morning's data drop from the Office for National Statistics. 

"In one sense this is a watershed moment," he says, inflation having dropped to the target 2%.

But looking at the data another way - at overall inflation over the last three years rather than annual figures - the numbers tell a different story. 

By doing so, you can see there's closer to a 20% increase in prices since the start of the cost of living crisis - rather than the 2% increase we've recorded in the 12 months from May last year to May 2024. 

And this figure - basically, prices - is still going up, just slower than it was before.

Watch Ed's full analysis here... 

We have one more chart to show you in response to inflation having fallen to the target of 2% in May.

Like much of today's data, it is primarily good news - wages are going up significantly more than inflation.

For workers to whom this applies, it's rightly a cause for some cheer after a period of falling living standards and skyrocketing prices.

But for the economy, there's a flipside - high wage growth is inflationary, as businesses either have to absorb wage increases or put up prices. It also means people have more money to spend - again, when this happens prices tend to go up faster.

This chart illustrates how wage growth - after lagging behind price rises for some time - is now ahead...

May's fall in inflation cannot disguise "the worst period for living standards in modern times", Trades Union Congress (TUC) general secretary Paul Nowak has said.

Reacting to today's data, he said: "Over the last three years UK families have suffered the highest price rises in the G7 - with inflation going up more over that period than it usually does over an entire decade.

"Ministers can try to rewrite history all they like. But the Conservatives have presided over the worst period for living standards in modern times.

"Food and energy bills have surged. Rents and mortgages have skyrocketed. And real wages are still worth less than in 2008."

There are nearly 50 affiliated unions under the TUC banner with a total of about 5.5 million members.

We've been reporting how services inflation - which is much higher than the headline rate at 5.7% - could thwart hopes of an interest rate cut in June or August.

That's potentially bad news for borrowers - but Britons could benefit from savings rates remaining higher for longer than previously thought.

Mark Hicks, head of Active Savings at investment platform Hargreaves Lansdown, said: "Lower inflation will be music to the ears of savers, because if you hold cash in a competitive account, you'll be significantly outstripping inflation. 

"Right now, you can still earn more than 5% on everything from easy access accounts to those fixed for up to two years.

"Unfortunately, most people won't be making anything like this, because high street easy access branch rates are far less generous, and in most cases, they pay less than inflation. 

"At times like this it's key to check out the rates from online banks and savings platforms, which tend to pay more than the high street giants."

From its 40-year high of 11.1% in October 2022, the headline rate of inflation – the consumer prices index (CPI) – is back to the Bank of England's 2% target rate.

The government, naturally, will seek to take credit for it. Rishi Sunak, after all, promised to halve inflation last year and was quick to point to that when it happened.

It was a piece of chutzpah that brought to mind the old saying "success has many fathers, but failure is an orphan".

If anyone deserves credit for bringing down inflation to the target rate, it is arguably the Bank of England, whose interest rate rises from December 2021 to August last year bore down on demand and on some of the inflationary pressures that can build in an economy when demand is too high.

In so far as the government can take credit for bringing down inflation, it is because - since the debacle of Liz Truss's short spell in 10 Downing Street - Rishi Sunak and Jeremy Hunt have restored order to the public finances,  calming the panic in markets which erupted when Ms Truss sought to introduce £45bn worth of unfunded tax cuts . 

From the depths it plumbed after the mini-budget in September 2022, sterling has rallied by 22% against the US dollar and by 9% against the euro.

All things being equal, that has brought down the cost of goods and services that the UK buys from the US and from countries in the Eurozone, which may at the margins have had an impact on inflation.

In other ways, though, government policies have helped push up inflation. Public sector pay between February and April this year, the latest period for which figures were available, was up 6.4% year on year. That obviously feeds into higher prices. 

The government has also just raised the national living wage by 9.8%, the biggest increase in history, which again will feed into higher prices, particularly in sectors such as hospitality. The chancellor has also actively increased inflation by raising taxes on tobacco, as he did last year.

So the government cannot really take that much of the credit for inflation falling to target.

The Bank's Monetary Policy Committee deserves more. So, too, do some of the UK's retailers. The latest figures published by the British Retail Consortium suggest Shop Price Inflation was running at an annual rate of just 0.6% in May - down from 1.3% in March. In other words, by bearing down on prices, retailers are contributing strongly to the decline in inflation. The market is competitive and consumers are benefiting.

In truth, though, most of the heavy lifting in bringing down inflation has come from so-called "base effects" – the impact of the corresponding "base" the previous year.

Prices can still be rising, but contribute to a lower headline rate of inflation. If the price of an item in the inflation basket was rising by 10% in April last year but was only rising by 5% in April this year, that automatically feeds through to a lower headline rate of inflation.

Inflation took off in 2022 mainly because of Russia's invasion of Ukraine, which pushed up the price of oil and – thanks to Ukraine's position as one of the world's biggest exporters of corn, seed oils, wheat and rapeseed – a whole clutch of foodstuffs.

It had another boost when, at the end of 2022 and beginning of 2023, China suddenly relaxed its COVID restrictions – unleashing a big burst of demand from the world's second-largest economy for commodities like oil. That pushed up prices elsewhere.

We have seen big falls in the energy price cap - a major contributor to lower inflation. Some of the biggest elements in the UK inflation basket - food and non-alcoholic drinks, clothing and footwear, furniture and household goods – are not rising in price to the extent that they were a year ago and certainly not to the extent they were in the autumn of 2022.

That is the main reason inflation has come back down to the Bank's target rate.

A version of this analysis was first published a month ago as inflation dipped to 2.3%

The question arises because the inflation spike was caused largely by external factors - the Ukraine war and subsequent energy crisis.

These factors have subsided, inflation is dropping in comparable economies around the world, and the key lever to squash price rises (putting up interest rates) is with the Bank of England, not the government.

But Work and Pensions Secretary Mel Stride says the government can, "in part", take credit.

He told BBC Radio 4's Today programme: "Can we take credit? In part, yes, because controlling inflation is a matter both of monetary policy, which is interest rates and the Bank of England, but it's also an accommodative fiscal policy to make sure you work in the same direction as the Bank.

"So we had tough decisions to take - for example, around higher-than-inflation wage demands and how we responded to that to keep control of those wage-cost pressures within the economy."

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