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Travel Money Club
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Travel Money Club: Reviews and Reputation Summary

Rated 2.9 based on 6 Reviews
Rated 2.9 based on 6 Reviews
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How was your experience with Travel Money Club?
Verified by
Natalie Wilson
Published on
April 9, 2024
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Company Snapshot

Founding Year
Phone
Employees
50
Website
Annual Revenue
$0
Socials
Industry
Location
London, United Kingdom

What do people think about Travel Money Club

An evaluation of Travel Money Club's reputation through recent customer reviews reveals mixed feedback surrounding the company's services. A notable issue observed involves the dissatisfaction with delivery service and charges. Customers have expressed disappointment with the use of Royal Mail's service that failed to deliver currency on time and had no tracking or re-delivery options. The lack of assistance from Travel Money Club in resolving missing deliveries has evidently led to frustration, as seen in a scathing review mentioning unfulfilled expectations despite a week's advanced order. Additionally, another customer was dissatisfied with a hidden delivery charge, only to be countered by the company's argument that even with delivery fees, their exchange rate offered significant savings compared to competitors.

On the contrary, some customers have praised the company for excellent service, highlighting prompt and secure transactions, competitive rates, and particularly, commendable customer service when issues arose. On the other hand, an alarming experience from a customer points out significant system issues with order processing, lack of transparency with the use of "City Forex" for transactions, and insufficient assistance from customer service. This customer's encounter with an inaccessibility of funds due to a pending transaction that was not declined by the bank but possibly by Travel Money Club itself has resulted in distrust. Overall, the polarity in customer experiences indicates inconsistencies in service quality and reliability, which are critical factors in the company's reputation and may affect the confidence of potential customers.

Travel Money Club Recent Customers Feedback and Reviews

Read what some customers have to say on Trustpilot...

Travel Money Club reviews

Raymond Corley Rated Travel Money Club 1-Star on Trustpilot and said...

This lot featured on MoneySavingExpert (who I'll be reporting back to), so I thought they must be trustworthy. Er...no. I ordered my Romanian currency from TravelMoneyClub a week before I was due to fly-out, plenty of time for it to be delivered before my holiday (I'd imagined). I didn't, however, count on TravelMoneyClub using the worst Royal Mail delivery service available (probably because it's cheap), which has no tracking facility, no collect from depot option and which failed to follow explicit re-delivery instructions given 5 days before my departure. I was initially told by Royal Mail that my missing £500-worth of Romanian currency "cannot be located" and that I would need to get TravelMoneyClub to compensate me. TravelMoneyClub would then have to apply to Royal Mail to be reimbursed. There is no way on God's earth they would agree to this. Jilly at TravelMoneyClub left me in no doubt they were no longer interested; "We have fulfilled our contract with you by delivering the money as agreed. At that point our contract was completed." "Screw you", essentially, "We've made our money." By all means engage with this shower if you want to needlessly donate unearned commission to a complacent, selfish outfit, leaving you with nothing to show for it but a mad scramble for an alternative the day before you leave (and, potentially, hugely out-of-pocket if your cash can't be located; I'm lucky, mine was). If, however, you'd rather not enrich their not-fit-for-purpose set-up, look for an alternative. Anywhere.
Travel Money Club reviews

Ian Fletcher Rated Travel Money Club 1-Star on Trustpilot and said...

with response to earlier reply reIated Ian Fletcher 14 reviews 1 star: Bad 5 days ago Verified order high delivery charges I got distracted and didn't notice the £9.95 delivery charge until it was too late. All previous times I have ordered this amount delivery was free. Reply from Travel Money Club 5 days ago Hi Ian. Thanks for the feedback. You might have noticed that our exchange rate was substantially better than that offered by the Post Office, Travelex and M&S. That's because we don't make money from exchange rates - instead we charge a fair and transparent delivery fee to cover the cost of pick, pack and despatch via fully insured Royal Mail Special Delivery. Everyone else hides their delivery charge in the exchange rate - so the more you exchange the more you pay in hidden charges! At the time you placed the order, we saved you £30.76 compared with M&S - more than covering the delivery charge. Hope that reassures you that you got a fair deal from us and I hope you'll consider us again next time you travel. Thanks for choosing Travel Money Club. Most companies compare themselves to the best competitors, so that they can aspire to be the best, not with the worst performing companies, unless that is their aim. How much did I loose compared to the best at the time?
Travel Money Club reviews

Wendy Taylor Rated Travel Money Club 1-Star on Trustpilot and said...

I had a few problems with purchasing my Forex. Martin has gone above and beyond to ensure that the transaction was processed swiftly. I highly recommend this company for the excellent customer service!
Read more reviews...

Frequently Asked Questions About Travel Money Club

What is the delivery method used by Travel Money Club for currency orders?

Travel Money Club uses Royal Mail delivery service for shipping currency orders to customers. According to a review, the service used may not include a tracking facility, collect from depot option, or guarantee of following re-delivery instructions, so customers should be prepared for potential delivery issues.

Does Travel Money Club have any hidden fees for currency exchange?

Travel Money Club claims to charge a transparent delivery fee to cover the cost of pick, pack and dispatch via fully insured Royal Mail Special Delivery, as stated in a response to a customer review. They suggest that unlike some competitors who hide delivery charges in the exchange rate offered, Travel Money Club separates the delivery charge from their exchange rates.

What should customers do if they encounter an issue with their payment or currency order with Travel Money Club?

If customers face an issue where their payment seems to be declined or funds are held in pending status, Travel Money Club advises contacting your bank for resolution. However, reviews suggest that if customers face issues with Travel Money Club's systems, such as discrepancies in merchant names or transaction declines by the company itself, they may experience difficulty in resolving these issues directly with Travel Money Club.

About Travel Money Club

Travel Money Club is a company that operates within the foreign currency exchange market. The core service offered by the company is providing travelers with a convenient and cost-effective way to obtain travel money. The company differentiates itself by focusing on delivering excellent exchange rates, low or no fees, and a variety of delivery options catered to their customers' needs. The aim of Travel Money Club is to streamline the process of purchasing foreign currency, allowing travelers to obtain the cash they need for their trips without the traditional hassle and high costs associated with currency exchange.

The firm leverages digital platforms to make the process of ordering foreign currency simple and user-friendly. Customers can use Travel Money Club's services to order a wide range of currencies and have them delivered securely to their homes or chosen locations. Some of the key benefits that Travel Money Club may highlight include competitive exchange rates, membership options that offer added benefits and conveniences, and a customer service team to help with any queries. By focusing on customer satisfaction and value, Travel Money Club aims to position itself as a reliable and trustworthy service for frequent travelers and holidaymakers needing foreign currency for their international expenditures.

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