A US Dollar currency card is simply a preloaded currency card which operates in a similar manner to a prepaid mobile phone card. A set amount of US Dollars is loaded onto a currency card at an agreed exchange rate at the time of purchase. You buy the currency card before you travel and receive it delivered to your home. You then can spend the funds whilst abroad. A prepaid currency card is a great alternative way of carrying travel money compared to travel money or travellers cheques from a high street bank or bureau de change.
Benefits
- Best dollar rates – Currency cards generally offer better exchange rates than travel money exchange rates allowing you to get far more dollars for your pounds!
- PIN protected
- No Identification required – A currency card offers the security of traveller’s cheques at far greater convenience.
- Lost/Stolen replacements.
- No credit checks.
- No overspending – You can only spend what you have loaded onto the card. Unlike using your debit or credit card there is no chance of overspending with a travel money card.
- Reloading – Simply be completed by text, phone or online.
- Lightweight – Easy to carry
Where can a US Dollar currency card be used?
A US Dollar currency card can be used almost anywhere in the world. Depending on each currency card provider each currency card will have either Visa or MasterCard printed on it. All you need to do is check which signs are on your prepaid card. Anywhere these signs are displayed your currency card can be used. There are a few countries that are currently subject to US sanctions and therefore use of a US currency card is not allowed in these countries: Myanmar (Burma), Cuba, Iran and Sudan.
You can use a prepaid travel money card to make withdrawals at ATMS or in card machines in shops and restaurants etc.
More on Exchange rates
UK currency card providers offer fantastic exchange rates on currency cards that are extremely competitive.
A US Dollar currency card has a fixed amount on US Dollars loaded onto it. When you use the card in a country which uses a different currency a conversion will take place and the exchange rate you will be given will depend on where you use your US Dollar currency card.
If you use a US Dollar currency card in America there will be no further currency conversions as you will be using the local currency.
Fees
Some currency card providers will charge an initial set-up fee for issuing a currency card whilst others may charge a fee for making withdrawals at ATMs. Visit our currency card information tables to find out more about fees and charges
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