For many UK travellers, the Post Office is the first place that comes to mind when buying foreign currency. It is trusted, visible on high streets, and often seen as a convenient option. But is it truly the best value?
In this guide, we will compare traditional travel money services like the Post Office to newer online providers and examine where the real savings lie.
Why the Post Office Remains Popular
There is no denying that the Post Office is a household name. With branches across the country, it offers face-to-face service and immediate access to cash. For some, this feels safer and more reliable than ordering online.
However, this convenience may come at a price.
Understanding Exchange Rate Margins
Most travel money providers make their profit by offering a wider spread on exchange rates — that is, the difference between the rate they offer you and the actual market rate. While the Post Office does not charge commission, it does build its profit into the rate you receive.
Online providers such as Wise, Revolut, and CurrencyFair typically offer much narrower spreads. Some even give you rates close to the mid-market rate, which is the true value between buy and sell prices on the global market.
How Much Could You Save?
Let us consider a simple example:
You exchange £1,000 into Euros. The Post Office offers a rate of 1.1300, giving you €1,130. An online provider offers 1.1550, giving you €1,155.
That is a difference of €25 — on just one transaction.
If you are exchanging a larger amount for a holiday, business trip, or property purchase, those savings increase significantly.
Convenience: Online Is Catching Up
Many people choose the Post Office because they want to collect cash in person. However, online providers are improving their convenience quickly:
Home delivery of currency (often next-day) Prepaid travel money cards usable abroad No-fee international card spending Click-and-collect options at certain stores or airports
You no longer need to sacrifice convenience to get a better rate.
Transparency and Tools
One major benefit of online providers is rate transparency. You can see exactly what you are getting, compare it instantly, and complete a transaction in minutes.
At CompareFXRate.com, our aim is to make this process easier. By listing rates, fees, and customer experiences side by side, we help you make informed decisions — whether you prefer the reassurance of the Post Office or are open to saving more with digital alternatives.
Conclusion: A Better Deal May Be Just a Click Away
The Post Office offers familiarity and service — but it is no longer the only option. If you value your money, it is worth comparing rates before you buy.
The next time you travel, take a moment to check how much better off you could be.