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
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 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 (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.
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.
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.