Travelex Currency Services in 1800 K Street Northwest Ste 103

Customer Reviews about Travelex Currency Services:

• ★ ★ ★ ★ ☆
  I spent just under $30 all told, and at that price point, for Vietnamese Dong, I believe that about 37% of what I spent (around $10) went toward the clerk's time, the lease, and other costs of doing business in a physical storefront, maintaining dozens of currencies. In other words, I paid about $10 for the convenience of obtaining currency usable on the other side of the world on my lunch break, at a moment's notice. As a former bank teller, I can attest that currency exchange clerks are doing real work (as regards cash handling, it's more complex work than they would be doing at a bank). Furthermore, it takes some real effort to put together a system for this sort of thing. Additionally, I am not certain how much of the commissions must be set aside to pay currency exchange taxes. I think what is most helpful is to go into this sort of thing informed of one's alternatives. For me, today, I got a value that I'm satisfied with. If I regularly needed the same currency, I would look for a way to obtain it that had a smaller effective commission (a smaller buy-sell spread, a smaller service charge, or both). In fact, today may be the first day that I actually used Travelex. (I recognize that Travelex does not mention its buy-sell spread and certainly does not refer to it as a commission: in fact, its FAQ page oversimplistically disavows the existence of commissions in its business model; likewise, it has a flat-rate "service charge" and simultaneously claims to have no fees....) In some countries, especially on return visits rather than first-time visits, I would feel comfortable merely withdrawing cash at local ATMs, for which I would hope to pay less than 1% to VISA or MasterCard, and maybe a small fee to my bank as well. But I am grateful that Travelex exists and know that, for the ready foreign currency it offers, it offers a better value than many banks, which may have flat fee around $20 in additional to a large percent-based commission. Another option to consider may be AAA (Triple A), if you are a member. I am not certain at the moment which would have been cheaper for the transaction I made today.
  By Benjamin Lauer, April 30, 2017
• ★ ☆ ☆ ☆ ☆
  130€ = 87$ 50$ fee Crazy
  By Václav Pasz, January 31, 2017
• ★ ★ ★ ★ ★
  Great Service!! Travelex info appeared in my e-mail just at the right time since we will be traveling to Europe soon. To avoid the hustle and bustle of looking for a money exchange machine at the busy Airport after landing, we opted to purchase our Euros from Travelex (via the internet) while in the comfort of our own home, from our own computer, before we left. We purchased with the convenance of our Credit Card and a day or so after, our Euros were delivered to our home. The Travelex website is very accurate & simple to use, clearly stating the exchange rate used for that day/time. We not only got a great exchange rate from Travelex but we also got a 2% kick back from our Credit Card for requesting the funds from them. Travelex is a great service that we will use again and we suggest that you do to!
  By Marlene Boss, November 22, 2016

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