Can I Top Up My Currensea Card At Post Office – Best Travel Cards

A brand-new fintech company which I was presented to earlier this year. Can I Top Up My Currensea Card At Post Office…

It has won a couple of awards over recent months for what it does (offering you a low-priced method to spend abroad) but what I like about  is that it is simple as hell. This is a good thing.

is, effectively, a direct debit travel card. It is a Mastercard which sits in between you and your existing current account. There is nothing to top-up or prepay. You merely invest as you would on a normal debit card and the cash is taken from your current account– just without the normal 3% charge.

Oh, and  is totally free to look for, which likewise assists.

There are likewise some fascinating travel benefits if you choose a paid plan, but the totally free plan works fine. You can apply here.

There is a service design in fintech which Curve, Revolut, Monzo and so on have actually all followed:

launch by doing one thing well, and free of charge or cheaper than the competitors
add a growing number of features which your existing customers don’t actually need or want

add charges, limitations or charges to the function that made individuals get your item in the first place, eliminating any competitive advantage
is currently still in Stage 1 of this process and will ideally stay there. Monzo, curve and revolut are already in Stage 3 …
is easy enough that it passes my ‘Can you explain it to your mate in the bar in 30 seconds?’ test:

It is a totally free direct debit card to utilize abroad and which instantly recharges all purchases to your existing current account in Sterling, less a little 0.5% cost.

That’s it.

You don’t (yet …) make any airline miles or points for using it.

Why would I wish to get a card?
If you have a credit card offering 0% forex fees, then you do not need a  card, unless you want complimentary ATM withdrawals. You can stop reading now.

However, credit cards which offer benefits and charge 0% FX charges are rare. The only ‘points and miles’ choices which offer a partial solution are the Virgin Atlantic credit cards which have 0% FX costs in the Euro zone.

IS possibly for you if:

you don’t have a charge card offering 0% FX fees and do not wish to affect your credit report by getting another credit card specifically to use abroad
you desire a product which permits you to make �,� 500 of foreign currency ATM withdrawals per month without any charges and only a very little FX mark-up (there is a small charge beyond �,� 500).
you want a product for you, your adult kids, parents, partner or anyone else in your life who requires a basic, easy to understand payment card that will save them cash when travelling.

How does  work in practice?
It is, as I said previously, a really basic process. You use your Currensea card in the same way as your existing debit card.

You make your purchase in regional currency (any currency, globally).
Your current account bank instantly validates that you have enough cash in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending upon the currency. includes a 0.5% cost if you have the complimentary card. If you have one of their paid cards, there are no fees.
You get an automated invest notification via the app, if you select to install it.
The money is drawn from your bank account a few days later.
Here is an example. With no foreign travel in the diary, I chose to sprinkle out and buy 1,000 MeliaRewards points for EUR5.

This is what you see in the Currensea app, which reveals �,� 4.33 set up to leave my HSBC account a couple of days later on:.

Transforming pounds was costly.

A pet peeve of mine is when ATMs forewarn you about the daytime burglary that is practically to happen (typically in a different language) while not telling you about the outrageous currency conversion costs occurring in the background. Do not get me began. Anyway back to the positives for a bit anyhow.

Luckily in the last few years a handful of excellent travel debit cards have actually popped onto the scene … and like other terrific cards  guarantees huge cost savings (85%) and a terrific app.

I believe the finest bit may be what no other card does: links to your existing high street bank account.

What this indicates is you can spend cash you have in your existing current account with less worry about running out of money and the additional step. That does not indicate it is perfect.

In this Currensea evaluation is the good, the bad, the ugly and the options, so that you can decide.

FX markup.
While our premium plans have no FX markup, we charge a nominal FX markup on our Essential Strategy of 0.5% per transaction, permitting us to make revenue from our Necessary Plan whilst remaining more affordable than other prepaid cards and high-street debit cards. We likewise charge an FX markup on ATM use over the complimentary amount on all our plans, full information can be discovered on our prices plans.

Membership fees.
We charge an annual subscription charge of �,� 25 for our Premium Strategy, and �,� 120 for our Elite Plan. The subscription fee likewise gets rid of all FX markup on deals.

Interchange.
Every time you invest with your card we get a small % of the deal, called interchange, this comes straight from the merchant and won’t be charged to you. Can I Top Up My Currensea Card At Post Office