About Us

At Travel Money Club we share a belief that buying currency should be as simple and cost effective as possible, whether you’re travelling for leisure or for business. We love travelling and exploring the world, creating special moments and lifelong memories. But we know from our own experience that comparing deals and choosing where was best to buy travel money can be time consuming at best and baffling at worst. Buying currency is just as complex with excessive hidden costs built in and often unnecessary fees and extras. We just weren’t comfortable with this excessive profiteering and lack of transparency.

So in 2016 we set about creating a better, smarter way of buying currency and in 2017 the Travel Money Club app was born. Geared towards the needs of the frequent traveller, our club fully guarantees the best like-for-like rates, and the simplest and clearest ordering and delivery process, underpinned by our highly secure and robust processes.

We’re different from other currency providers in that we make all our profit on the club membership fee and nothing on the currency itself so you get the absolute best value for your hard earned money. On average members save £341 compared to the high street or about 7.4% which we think is a pretty impressive saving. Whether you spend the saving on a luxury treat that wouldn’t otherwise have been possible or you put that money towards another break later in the year, is down to you

The Team

Don Clark

Chairman

Travel Money Club is the brainchild of our Chairman, Don Clark, former founder and CEO of Torquil Clark Plc, a hugely successful wealth management business. Don simplified financial products, such as PEPs, ISAs, pensions and other investments. He became a prominent financial commentator, who campaigned with government and media against fat commissions and opaque charges on financial products, and was instrumental in bringing about the demise of those commissions and charges. Frustrated by poor value, plus the time and effort involved in organising currency for his own overseas trips, he wondered whether there could be a better way of doing things. And so, Travel Money Club was born. As founder of Torquil Clark Plc, Don refunded over £21 million in commissions and charges to clients. Travel Money Club brings the same unique ethos to the world of travel money.

Derek Taylor

Director

Derek is a highly regarded expert in financial and market training on subjects such as currency, derivatives, capital markets, risk and treasury training. He has worked extensively in the UK and overseas including New York. Derek is a frequent speaker on financial markets subjects all over the world, and is Associate of the Chartered Institute of Bankers (ACIB), member of the Forex Association (ACI), and member of the Society of Technical Analysts (MSTA).

Martin Taylor

Managing Director

Martin (no relation to Derek) has a strong background in software development and specialises in translating complex technical concepts into simple language that customers can understand. He built a highly successful software company specialising in social housing repairs and won a number of prestigious awards including DTI's National Ecommerce Award, National Mobile Innovation Award, and The British Computer Society's IT Professional Award. He joined Travel Money Club in 2016 and is Managing Director overseeing company strategy, IT development and operations.

Built on trusted brands

We take the safety and security of our members, their identity and their money very seriously indeed. We have partnered with some of the world’s leading suppliers in their field to deliver functionality and services to our exceptionally high standards.

Card Payment Security

Worldpay is a global leader in payment processing technology that has become a household name. On a typical day, they process over 31 million transactions which is around 400 transactions per second. When you purchase currency your payment is processed by Worldpay and not by us so we don’t see or have any access to your card details or personal information. As is standard practice for most UK businesses, a record is kept of the last four digits of your card, cardholder name and expiry date as a reference in case of query and this information is securely stored. This gives our members the very best card payment security available.

Direct Debit Guarantee

GoCardless is one of the UK's largest payment networks, handling over £1bn of direct debits each year to the UK central government, The Guardian and the Financial Times. We never touch our members' bank details, instead we work with GoCardless to process all direct debit payments, storing details on their bullet-proof servers. All payments are covered by the Direct Debit Guarantee to give our members the very best direct debit security available.

Identity Security

Experian are the UK's largest and one of the world's leading identity services providers, employing 17,000 people in 37 countries. We work with Experian to check the identity of each and every member to ensure we comply with the UK government’s anti-money laundering requirement checks. This also prevents members identities being hijacked by fraudsters and helps ensure that we ourselves are not the target of fraud.

Secure Website Hosting

Amazon Web Services provide secure hosting in 190 countries for some of the world’s biggest companies such as Capital One, FINRA, Nasdaq and Pacific Life. They have a great track record and offer UK-only locations and flexibility for all our future business needs.

Guaranteed Next Day Delivery

We exclusively use the Royal Mail Special Delivery Guaranteed service as they are the only secure courier to offer nationwide coverage, next business day delivery for 99% of postcodes, a 1pm standard delivery guarantee, and optional 9am and Saturday guarantees Deliveries are also insured from door-to-door for that extra reassurance that your cash is always safe with us.

Our red symbol

And in case you’re wondering about the funny red symbol in the middle of the letter ‘O’ of our logo, it’s not just a creative doodle or a squashed insect. Actually it’s based on an old Chinese coin or yuan which is round with an open square in the middle, symbolising fortune, prosperity, long-life and happiness. We thought these were admirable traits and something we would wish for all our members, so we adopted it into our logo.

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