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OneSmart - Travelex - How Safe Are Balances?

OneSmart - Travelex - How Safe Are Balances?

Old May 24, 2020, 5:45 pm
  #1  
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OneSmart - Travelex - How Safe Are Balances?

A bit of a general question.

Have been loading my OneSmart card for a while now due to a pending trip to Europe in September 2020 (Now cancelled due to QATAR not entering NZ Market until October 25th 2020). Have about $10,000 NZD equivalent on the card in GBP, USD and Euro. Wondering how safe it is on there being held by Travelex?

Thoughts.....
kiwicyclo is offline  
Old May 24, 2020, 6:06 pm
  #2  
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Originally Posted by kiwicyclo
A bit of a general question.

Have been loading my OneSmart card for a while now due to a pending trip to Europe in September 2020 (Now cancelled due to QATAR not entering NZ Market until October 25th 2020). Have about $10,000 NZD equivalent on the card in GBP, USD and Euro. Wondering how safe it is on there being held by Travelex?

Thoughts.....
What do the terms and conditions say?

Who holds/manages the money and FX for OneSmart?
Thai-Kiwi is offline  
Old May 24, 2020, 6:38 pm
  #3  
 
Join Date: Jan 2016
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Quick look it uses the Deutsche Bank AG London as a trust. So in theory balances should be protected.
nzkarit is offline  

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