Travel money firm Travelex has relaunched online foreign exchange (FX) cash services for Commonwealth Bank of Australia.
The relaunch with Australia’s largest bank allows CBA’s more than 11 million retail customers to order more than 30 different currencies online, at any time of day, for collection at any of its network of branches.
The resumption of CBA’s online travel money will help serve the millions of Australians who travel abroad each year with travel money.
Recent research from Travelex shows that demand for travel cash remains extremely strong.
More than half (52%) of Australians who travel still take cash as their main overseas payment method, with under-25s using cash more than any other age group (62%).
Darren Brown, MD ANZ, Travelex, said: “Rather than cash dying, it remains the payment method of choice for more than half of Australians travelling abroad.”
“We are therefore delighted to be reinstating FX cash services for Australia’s largest bank.”
