Review of Sainsbury’s Bank Travel Money

Sainsbury’s Bank, a trusted subsidiary of the well-known UK supermarket chain, offers a full range of travel money services aimed at British holidaymakers. With a strong reputation for customer service and reliability, Sainsbury’s Bank makes it easy to access competitive exchange rates and convenient services for obtaining foreign currency. Their travel money services are designed to cater to a variety of needs, ensuring UK travellers are well-prepared for their overseas trips.

Travel Money Services Offered

Sainsbury’s Bank provides several options for travellers looking to secure their foreign currency:

• Currency Orders: Customers can order over 50 currencies online, which can be delivered to your home or collected from a local Sainsbury’s Bank Travel Money Bureau. This flexibility allows you to prepare your travel money in advance, ensuring everything is ready before your trip.
• Buy-Back Service: If you have leftover currency after your travels, Sainsbury’s Bank offers a buy-back service. You can return unused currency for a refund, and the funds are deposited directly into your bank account. However, the buy-back rates may not always be as competitive as those offered by other exchange providers.
• Travel Money Card: The Sainsbury’s Bank prepaid currency card offers a secure alternative to cash. It can be loaded with multiple currencies and used to make purchases or withdraw money abroad, providing added peace of mind while travelling.

Customer Feedback and Trustpilot Insights

Customer feedback for Sainsbury’s Bank Travel Money is largely positive. Many users highlight the convenience of ordering currency online and collecting it at their local branch or receiving it via home delivery. The prepaid travel money card is also a popular option, offering travellers a secure way to handle their spending abroad.

However, some reviews mention concerns about the exchange rates, with a few customers feeling they could find better rates elsewhere. The buy-back service also receives mixed feedback, with some users expressing disappointment with the rates offered for unused currency.

On Trustpilot, Sainsbury’s Bank Travel Money doesnt have a specific rating for their travel money offerings, however Sainbury’s Bank in general maintains a rating of 4.1 out of 5.

Pros and Cons

Pros:

• Convenient Services: With options for home delivery and branch collection, the process of obtaining foreign currency is made easy and accessible.
• Trusted Name: Sainsbury’s Bank is well-regarded for its customer service and reliability, offering a sense of security when preparing for travel.
• Comprehensive Options: A wide range of services including currency orders, travel money cards, and buy-back services makes it a one-stop shop for travel money needs.
• Nectar Members enjoy preferential exchange rates

Cons:

• Exchange Rates: Some customers feel that the exchange rates offered by Sainsbury’s Bank are not always the most competitive, especially compared to those from specialist foreign exchange providers. Especially if you are not a Nectar Member
• Buy-Back Rates: While the buy-back service is useful, the rates offered for returning unused currency may not be as high as those provided by other specialists.

What You Need to Know

• Order Ahead: To ensure the best rates and avoid delays, it’s advisable to place your order in advance.
• Understand Buy-Back Rates: If you plan to sell back unused currency, be aware that the rates may not be as favourable as other providers. It’s worth comparing buy-back rates before committing.
• Prepaid Travel Cards: The Sainsbury’s Bank prepaid cards can be a convenient, secure alternative to cash when travelling abroad.

Our Thoughts

Sainsbury’s Bank Travel Money offers a reliable and accessible option for those looking to prepare their travel money in advance. The ability to order currency online with delivery or collection options, alongside their prepaid travel money card, makes it convenient for travellers. However, if securing the best exchange rates is a top priority, it may be beneficial to compare Sainsbury’s offerings with those of specialist currency providers. If you value simplicity, security, and a trusted name, Sainsbury’s Bank can be a great option to help get your travel money sorted before you embark on your next adventure.

Quick Links

• View Sainsbury’s Bank Travel Money Rates.
• Go to Sainsbury’s Bank website.
• See how Sainsbury’s Bank travel money rates compare to other providers.