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Currency Product Information Libraries

Welcome to Currency Product Information Libraries which contains further information and FAQ's on currency money matters and financial product and key facts about all products featured on


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When it comes to buying foreign currency, there are a range of different options available to make life easier for you. A common method of buying foreign currency for a holiday is to simply buy travel money or travellers cheques. This can be done online or over the counter and in most cases there are few problems with this method of currency exchange. In recent years, however, it is becoming increasingly more popular to purchase an FX card before you travel. FX cards can be used just like a prepaid card abroad, giving you more security if you have your bag or wallet stolen. If you are thinking about transferring large sums of money abroad then you will need to look into Foreign Exchange Specialists who will be able to help you transfer higher volumes of currency. See below the various currency products available to you and some important details surrounding them.

With so many travel money savings and deals available for you to choose from it is hard to know where to start and which method of currency exchange is the most cost effective. An important thing to remember when you are planning your holiday is to think ahead! The earlier you organise your currency exchange the higher the chance of you saving some money on the fees, rates and even delivery charges. By using a foreign currency comparison site you can ensure that you are receiving the best rates, commission, service and delivery options available on the market. One thing to remember, cash might be convenient when you take money abroad, however, is it the most secure? Other options to consider when you are thinking about currency exchange are travellers cheques and FX cards. These products have similar features to travel money, however, with greater security incase of theft or if you lose them.

Travellers cheques are bought in the UK and as soon as you receive them you sign each one - the idea being that the signature is proof you are the one who bought the cheque. The best thing about travellerscheques however, is if the cheque is lost or stolen you can get a replacement immediately (provided you can quote the cheque number). FX cards have a similar type of security and some would argue have surpassed the travellers cheque. They work in the same way as a prepaid card, as soon as you have loaded the card with money you are able to spend it like you would a prepaid card. If the card is lost or stolen, then you are able to get this replaced. Watch out for commission charges with both FX cards and travellers cheques think ahead and shop around to get the best deal.


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