The Money Shop is one of the UK’s leading financial services provider. Travel money is one of the services that you can get at Money Shop. It allows travellers to have the money they need when they need it.
Over 50 currencies are available for customers. Money Shop is approved by the FCA (Financial Conduct Authority), so customers can count on the legitimacy of the site. Besides that, it helps to have a bit of information about the type of service that the company offers. This review provides some insights.
The Money Shop Currency Exchange Rates
Last updated: Jan, 21 3:00
|Currency||Rate||750 GBP Buys|
|Costa Rica colons||662.063||496,547.25|
|Hong Kong dollars||9.6486||7,236.45|
|New Zealand dollars||1.9262||1,444.65|
|Peruvian nuevo sol||3.949||2,961.75|
|South African rand||18.589||13,941.75|
|South Korean won||1401.69||1,051,267.50|
|Sri Lankan rupees||191.012||143,259.00|
|United Arab Emirates dirham||4.6954||3,521.55|
If you want the convenience of ordering from anywhere, Money Shop provides it. In a few minutes, you can find the rate for the desired currency, place your order and wait for delivery. The website recently got an upgrade that has improved aesthetics and navigation. Immediately you enter the homepage, the platform meets you with the best rates. When you don’t need to do rate comparisons yourself, it saves time.
If your order is before 2 pm, then you can get the currency delivered the following day. Money Shop gives you the option of home delivery or in-person pick-up. It means that you can pay for the currency to be delivered to your residence or you can get it yourself at a preferred store. Online ordering has the obvious advantage of being able to order from anywhere in the UK. It eliminates the stress and cost of going to a physical location.
The online ordering process at Money Shop is efficient as long as you have all the information. One downside is that customers complain of the lack of confirmation emails. It would offer clients some relief when they know an order has been processed through email confirmation.
In instances where a traveller doesn’t wish to order from the web, in-store is an option. You can drop by a physical location and order the necessary currency. Money Shop runs 550 stores across the UK.
You can select the most convenient one. This order type also provides the same alternatives for delivery. The advantage of in-store orders is that they offer more assurance to customers. You can make sure, in person, that your currency purchase is processed and wait for the delivery. The large number of stores available improves the efficiency of the service.
Then there is the choice to call the call Money Shop and order your travel currency. You have to provide proof of identity with your order, so get that ready. A plus side of ordering on the phone is that, if you have concerns, you can have them addressed before ordering.
Currency and Delivery Rates
Money Shop has some of the best rates for travel money. The service keeps updating the rates in line with the changing market. Therefore, customers can expect fair, updated rates. Money Shop doesn’t charge a commission, which provides savings.
For delivery rates, Money Shop doesn’t charge for orders exceeding £700. You have to pay £3.99 for orders between £400 and £699.99 and £6.99 for anything lower than that. Some customers can view the rates for small amounts as bordering on the high side. However, you can opt to pick up the currency yourself.
What to Expect
Customers can use credit cards for payments where fees from the issuer may apply. Money Shop gives you a choice to load your travel money onto a prepaid card. The minimum amount is $75 or its equivalent. A prepaid card is an ideal alternative when you don’t intend to carry cash around during your travels.
The MasterCard-powered card is accepted in different regions. It makes transactions easy and safe. Additionally, you can save money on fees. Money Shop allows customers to pick a delivery date up to 14 days. You can cancel click and collect orders but at a fee. However, you can’t cancel next-day delivery orders.
Disadvantages of Money Shop
- High delivery fees for small orders
- Some offers are only available in-store
- Cannot specify denominations for online orders
As a travel money service provider, Money Shop ranks at the top. The multiple ordering options cater to different customers. Whether it’s by telephone, online or in-store, customers can expect a smooth process. From various customer testimonials, Money Shop offers an efficient and reliable service.