Make your money go further
Find the best deals, avoid scams, and grow your savings with our expert guidance. From only £4.99 a month, cancel anytime.
Join Which? MoneyBy clicking a retailer link you consent to third-party cookies that track your onward journey. This enables W? to receive an affiliate commission if you make a purchase, which supports our mission to be the UK's consumer champion.
Best prepaid travel money cards 2025
Discover which are the best prepaid currency cards to save money on your trip
Your holiday could be ruined by fees on overseas spending if you pack the wrong card to spend with.
Prepaid travel cards, also known as 'currency cards', allow you to load money in pounds and spend in another currency fee-free. They usually allow you to lock in competitive exchange rates, saving you money compared with using your everyday debit or credit card.
However, these types of cards can come with their own special variety of hidden fees. In this guide, we take the hard work out of comparing these deals and explain the pros and cons of using a prepaid card for your trip.
Which prepaid travel card do you need?
There are two main types of prepaid travel cards to consider packing for your next trip:
- Multi-currency prepaid cards allow you to load several currencies onto one card, ideal for visiting multiple destinations. For example, you could have £100, $200 and €300 stored on one card in different 'wallets'. You can lock in rates by converting when you load the cash, or store some money in pounds to convert later.
- Sterling prepaid cards offer the most flexibility, as you can load your card with pounds and spend in dozens of different currencies. Each time you spend or withdraw cash, the pounds are converted to the required currency at the exchange rate on the day. This may make it harder to forecast how much money you'll have available in any given destination.
Best multi-currency prepaid cards
Multi-currency prepaid cards allow you to load a variety of major currencies in one place.
We've analysed the main providers of multi-currency prepaid cards including the type of currency offered, load fees (loading money onto the card), fees for withdrawing cash, and inactivity fees that could catch you out.
Please note the table is ordered alphabetically, not ranked in order of features.
| Card | No. of currencies | Exchange rate | Load fees | Foreign ATM fee | Min/max amount you can load | Max amount you can hold | Daily cash withdrawal limit | Other fees |
|---|---|---|---|---|---|---|---|---|
| Asda Money Travel Card | 15 (a) | Mastercard exchange rate | Free for foreign currency. 2% charge for GBP. | Free | £50/£5,000 | £5,000 | £500 | Inactivity fee: £2 per month after 12 months inactive. No fee if you have a zero balance. |
| Caxton Mastercard Prepaid Card | 15 | Caxton's own rate | Free | Free | £50/£10,000 | £12,000 | £300 | Inactivity fee: £2 per month after 12 months inactive. Replacement card fee: £5 |
| Eurochange Travel Money Card | 22 | Mastercard exchange rate | Free for foreign currency. 2% charge for GBP. | Fees apply depending where cash is being withdrawn. | £50/£5,000 | £5,000 | £500 | Inactivity fee: £2 per month after 18 months. No fee if you have a zero balance. |
| Fair FX Currency Card | 21 | Fair FX's own rate | Free | £1 | £10/£10,000 | £50,000 | £1,500 (£500 single transaction) | Inactivity fee: £2 per month once the card expires. No fee if you have a zero balance. Replacement card fee: first replacement card is free, £6 for subsequent cards. |
| Hays Travel Money Card | 22 | Hays' own rate | Free for foreign currency. 2% charge for GBP. | Fees apply depending where cash is being withdrawn. | £50/£5,000 | £5,000 | £500 | Inactivity fee: £2 per month after 18 months. No fee if you have a zero balance. |
| MasterCard Cash Passport | 22 | Mastercard exchange rate | Free for foreign currency. 2% charge for GBP. | Fees apply depending where cash is being withdrawn. | £50/£5,000 | £5,000 | £500 | Inactivity fee: £2 per month after 12 months. No fee if you have a zero balance. |
| Post Office Travel Money Card | 22 | Rates set by First Rate | Free for foreign currency. 1.5% charge for GBP (b) | Fees apply depending where cash is being withdrawn. | £10/£5,000 | £10,000 | £300, but varies per currency | Inactivity fee: £2 per month 12 months after the card expires. No fee if you have a zero balance. |
Table correct as of 12 June 2025. (a) Seven additional currencies will be added on 30th June 2025. (b) Minimum charge £3 and maximum charge £50.
The Sainsbury's Bank Travel Money Card and Travelex Money Card can load 22 currencies and don't charge for ATM withdrawals abroad, and Nectar cardholders can get better exchange rates at Sainsbury's.
It's worth noting that the Asda Money Travel Card also doesn't charge for withdrawals, and will soon offer 22 currencies as well.
All the cards allow you to load money that is immediately converted to a foreign currency free of charge.
However, the majority of providers charge a fee of up to 2% for topping up your wallet with pounds to convert at a later date. So if you plan on doing this often you may be better off with one that doesn't charge.
Best sterling prepaid cards
Sterling prepaid cards offer the most flexible option for travellers and our analysis shows they can be as competitive as multi-currency deals.
We looked at the exchange rates offered, as well as the fees you'll pay and maximum balances.
Please note the table is ordered alphabetically, not ranked in order of features.
| Card | Exchange rate | Currencies held | Load fee | Foreign ATM fee | Amount you can load up | How much you can hold |
|---|---|---|---|---|---|---|
| Revolut Standard Account | Mon - Fri interbank exchange rate and 1% fee at weekends. 1% fee if exchanging over £1,000 a month | 39 | Free | Free up to five withdrawals or £200 a month. 2% after (£1 minimum fee). | Unlimited | Unlimited |
| Wise | Interbank rate + small conversion fee (a) | 40+ | Free | Free up to two withdrawals of £200 each month. After that, you'll be charged 50p per withdrawal. There’s a 1.75% fee on any amount you withdraw above £200. (b) | Unlimited | Unlimited |
Table correct as of 12 June 2025. (a) The conversion fee varies by currency. At the time of writing, Wise charged £3.29 to convert £1,000 into Euros, equivalent to a 0.329% fee. (b) These fees apply if the card is registered to a UK address. Different fees may apply to other countries of residence.
These cards are convenient as they allow you to load as much currency as you want into your account, however, you'll need to download an app to use them.
The Revolut card uses the interbank rate and you will incur no fees on top of the rate if you convert money Monday to Friday — therefore it's worth loading up and exchanging before the weekend. You'll be charged a 2% fee if you withdraw more than £200 a month.
The Wise card also uses the interbank exchange rate but charges a small fee on top every day of the week — the fee varies according to the currency and you'll need to check their website for the latest rate. It offers two fee-free cash withdrawals of up to £200 each month.
What exchange rate do you pay?
Prepaid card providers offer different exchange rates.
Some use the 'interbank rate' (the rate banks charge one another) and others may use Mastercard or Visa's exchange rates.
In some cases, a provider may pick one of these rates, then apply a percentage on top, usually between 1% and 2.5%.
When picking a prepaid travel card you should compare the exchange rates offered as well as the card's fees.
Fees and charges to watch out for
Prepaid cards designed for spending abroad are usually cheaper than spending on your everyday debit or credit card.
However, almost all prepaid cards currently on the market come with a variety of fees and charges. Common charges to watch out for include:
- Application fees - some providers apply a one-off charge to open the account ranging from £5 to £10, though most will offset this if you load a certain amount.
- Monthly fees - the worst prepaid cards will charge an ongoing fee just for holding the card. It can range from £2 to £5 a month, which can be hugely expensive over a year.
- Top-up fees - if you're using a credit card to top up your prepaid card you could be charged a fee by your prepaid card provider. Plus as it counts as a 'cash transaction' your credit card provider could charge you a fee and interest. So it's usually best to use a debit card to top-up your account.
- UK and foreign ATM withdrawal fees - some prepaid cards charge for using ATMs abroad, usually £1.50 to £2 per withdrawal. Some providers will waive the fee if you withdraw a certain amount. You can minimise the risk of being hit with fees by planning how much you want to spend before you travel and taking out cash in one lump sum.
- Cross border fees - if you use your prepaid card for a transaction that's not in your card's currency, you could be charged a fee of around 2.75%.
- Inactivity fees - if you don't use your card you could also face a penalty. Some providers will charge around £2 a month if you haven't spent on the card within 12 months.
- Replacement fees - prepaid cards, like credit and debit cards, come with an expiry date, which can range between one and five years after opening. You'll normally have to pay a renewal fee of around £5 if you want to continue to use the account.
- Redemption fees - some providers charge a fee to get any money you haven't used back. This can be up to £10 so it's wise to only load what you plan to spend and nothing more.
Prepaid cards also often come with limits on loading and transactions, which could leave you in a tricky situation if you aren't aware of them.
Is it worth getting a prepaid card?
If you're considering getting a prepaid travel card, here are the pros and cons to weigh up.
Each card provider will have its own terms and conditions, so read them carefully before you sign up.
What are the pros of getting a prepaid card?
- Widely accepted around the world.
- Comes with chargeback protection.
- Can help you budget and avoid overspending.
- Could be cheaper for overseas spending and withdrawals.
What are the disadvantages of getting a prepaid card?
- Not accepted for pre-authorised transactions such as hiring a car.
- No Section 75 protection on purchases over £100.
- Low withdrawal limits and no way to borrow money in an emergency.
- Come with a variety of fees including charges for lack of use.
Are prepaid cards secure?
Prepaid cards offer a secure way to carry cash when abroad.
They come with the same security features as credit and debit cards, so you need a Pin to withdraw cash or use them in person. However, many are now contactless so you may not need a Pin for smaller purchases.
It's also worth bearing in mind that prepaid cards offer no protection for losses under Section 75 of the Consumer Credit Act. However, redress may be possible under the MasterCard or Visa chargeback scheme.
What if the prepaid card provider goes bust?
The Financial Services Compensation Scheme does not cover deposits onto prepaid cards.
Most prepaid providers will deposit customers' cash in a ring-fenced account held in a bank or building society. So, if the prepaid company goes bust, your money should be protected by the bank holding your cash.
However, if the bank or building society fails, your cash won't be protected. So you should never store lots of money on a prepaid card, just what you need to spend in the near future.
Can under 18s use prepaid travel cards?
You generally have to be 18 or over to use a prepaid travel card.
Some children's prepaid cards, like GoHenry and HyperJar, offer fee-free spending abroad.
However, watch out for costs and restrictions — GoHenry has a monthly fee and HyperJar cards don't allow ATM withdrawals.
Another option is to look for a children's bank account that offers fee-free spending abroad.
Monzo and Starling are both Which? Recommended Providers (WRPs) for current accounts and offer children's accounts that come with fee-free spending abroad.
Alternatives to prepaid travel cards
Prepaid cards are a safe way to carry cash overseas. But you won't be able to spend from your main current accounts or borrow money in an emergency.
A credit card with low fees on overseas spending can work out as the best option for purchases made abroad, as long as the bill is paid off in full each month. For a credit card with low overseas spending fees, check out the best travel credit cards.
Alternatively, many banks offer debit cards with fee-free overseas spending. We round up your options in our guide to the best debit cards to use abroad.
That said, applying for a credit card or current account for a debit card requires a credit check, whereas applying for a prepaid card doesn't. So if you have a poor or no credit history it will be easier for you to get a prepaid card.
Currensea
Currensea has launched what it calls the 'first UK direct debit travel card'. This card is linked to your bank account which means you do not need to top up the card, as long as you have money in your account.
It provides a layer over your existing bank account that will allow you to spend in all 180 currencies without charges. It uses the interbank exchange rate for 16 major currencies and Mastercard rates for all other available currencies.
There are currently three plans on offer, and the rates and fees vary depending on your subscription.
The Essential plan has no annual fee, and offers the interbank exchange rate up to £500 a month and a 1% fee after that. ATM withdrawals are free up to £200 a month. After this, a 2% fee will be applied.
Your prepaid card questions answered
Holly, our prepaid card expert, answers the top questions people have about these types of deals.