If you have used Travel Money Oz in the past to exchange money, you might be wondering - why can't I find them anywhere?
Well, the latest update from Travel Money Oz indicated that all their stores are closed until further notice. Unfortunately, this is a similar story with many currency exchange brands and even ANZ bank, choosing to pause or permanently close their operations.
At this stage, the closure of retail operations seems to be temporary. According to their site:
How long will my nearest store be closed for?
The short answer is we are unsure. This is an uncertain time for all of us as we do our best to remain patient and adhere to government guidelines whilst we continue to try and serve our customers to the best of our ability. For all the latests updates, please be sure to check our website regularly. We know this can be frustrating and we sincerely appreciate your understanding as we work to return our services to normal as quickly as possible!
Alternatives to Travel Money Oz (until stores reopen)
While many currency exchange locations have closed, there are still some options, both online and in-store that are available in Australia. Your alternatives to Travel Money Oz largely depend on where you live.
Sydney
In the CBD
You'll find the most choice in the city, particularly on George Street and Pitt Street. ANZ have recently shut down their foreign exchange operations leaving the Commonwealth Bank as the only bank with a retail operation. The best place to exchange foreign currency in Sydney though is through one of the less well known money changers like Crown Currency.
In the suburbs
There are plenty of stores in the suburbs but the rates aren't as competitive as the city. Just be aware that many of them have either closed or reduced their hours of operation so it may be wise to call ahead first.
For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Sydney.
Melbourne
Most of the best currency exchangers are near Flinders Street station on Elizabeth Street. The small money changers on Swanston street aren't as competitive.
Outside of the CBD, most of the money changers are based in shopping malls or strips. The rates aren't nearly as good as the CBD.
For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Melbourne.
Brisbane
Unlike Sydney or Melbourne, currency exchangers are scattered throughout the CBD and can be hard to find. Unimoni in the ANZAC Square Arcade just closed. The Travelex stores are on reduced hours.
Outside of the CBD, Brisbane has lots of options. Crown Currency have lots of locations in major shopping malls.
For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Brisbane.
Adelaide
King William Street is where you need to go if you are heading into the city. Within 200 metres, you'll find the Commonwealth Bank foreign exchange branch, Travelex on the corner of Rundle Mall and WorldEx.
While the city has many options and some of the best exchange rates in Australia, there are much fewer options in the suburbs.
For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Adelaide.
Perth
All around Perth there are few reasonable options. In the Perth CBD, Travelex on St Georges Terrace and their are a few small independent money changers. Just north of the city, RedRate is based in Northbridge.
For a full run down on the different places to buy foreign currency, check out our full currency exchange guide to Perth.
Does Travel Money Oz still do currency exchange at all?
No, not for now. It is likely that stores will reopen to buy and sell foreign exchange banknotes and coins.
From their site
Unfortunately, we have had to temporarily pause the purchase of all foreign cash due to restrictions placed upon us during this unpredented time. To be alerted when we resume our normal services, please continue to check our website. We thank you for your patience and understanding during this time.
They still offer their international money transfer services and the Travel Money Oz Currency Pass travel card.
