Post Office Travel Money Card can be used to access cash during coronavirus

The Post Office is reminding its 700,000 plus Post Office Travel Money Card customers that any foreign currency held on their card can be transferred back to Pound Sterling to use during the coronavirus pandemic.

The Post Office Travel Money Card is a multi-currency card which holds 23 currencies. Customers who want to swap funds back into Pound Sterling can do so without incurring a fee. It is moved at the advertisedrate of the day. Customers can use the card in shops or online to make essential purchases, withdraw the money from an ATM (£1.50 fee) or take the money outat a Post Office counter.

Travel Money Card customers who remain abroad or unable to get back to the UK during the pandemic can continue to load their Post Office Travel Money Card with the foreign currency and then withdraw cash from ATMs where the Mastercard Acceptance Mark is displayed in that country to help with day to day expenses.

A Post Office spokesperson said:

“Whilst travelling abroad is not at the forefront of people’s minds right now we want to remind Travel Money Card holders who have been affected by the coronavirus pandemic that they may have foreign currency sitting on their card right now that can be transferred to Pounds to help with day to day expenses.

“For Britons who are stuck abroad at the moment and who already have our Travel Money Card it can still be loaded with foreign currency to help navigate expenses incurred trying to get home. Any currency that is not used can be held over on the card for a number of years.”

Post Office Travel Money has announced changes that have come into effect following the UK’s continued efforts to deal with the coronavirus pandemic. The ability to purchase Travel Money online from the Post Office website and the use of its branch pre-order service are now suspended. Both services will remain suspended whilst strict self-isolation measures remain in place.

About Post Office Travel Money:

Post Office Travel Money is the largest provider of foreign currency in the UK, accounting for one-in-four transactions across its branch network and online. This service is a joint venture between Post Office and Bank of Ireland and is completely independent of any other supplier of travel money.

Post Office Travel Money Card is an electronic money product issued by First Rate Exchange Services Ltd pursuant to license by Mastercard International. First Rate Exchange Services Ltd, a company registered in England and Wales with number 4287490 whose registered office is Great West House, Great West Road, Brentford, TW8 9DF, (Financial Services Register No. 900412). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated

ENDS