Independent Review · Lifestyle retailer travel money
M&S Travel Money
Operated by Ignite FXCorp Ltd (an Eurochange subsidiary) since spring 2025. Available from 560+ M&S stores via click & collect. No home delivery. M&S explicitly states on its website that it is not FCA regulated. Sparks loyalty members receive a marginally better rate.
Not FCA regulated Click & collect only 560+ stores Ignite FXCorp operator
GBP/EUR rate today
1.1340
Live from data feed
€ for £500 today
€567.00
Before delivery fee
Home delivery
Not available
Click & collect only
Stores
560+
Click & collect only
⚠️ Regulatory Status – Please Read
M&S Travel Money explicitly states on its website that it is not FCA regulated. The service is operated by Ignite FXCorp Ltd (an Eurochange subsidiary) and is HMRC MSB regulated – the standard regulatory framework for UK bureau de change. This is not unsafe for typical travel money purchases, but FCA consumer protections do not apply to the currency purchase. For a dispute, HMRC is the relevant authority rather than the FCA.
5.8 / 10 PSL Travel Money Score
Verdict: Convenient for M&S shoppers but limited by collect-only model and regulatory opacity
M&S Travel Money occupies a mid-table position on rate and is notable for two specific limitations: no home delivery (click & collect only), and an explicit statement on the M&S website that the service is not FCA regulated. The operation was transferred to Ignite FXCorp (an Eurochange subsidiary) in spring 2025. The rate (1.1265 GBP/EUR) is competitive with Tesco and marginally behind Sainsbury's. The score reflects average rate performance, the collect-only limitation, and the regulatory transparency concern.
M&S Rates Today – Major Currencies Updated 15:15 BST · 2 May 2026
| Currency | M&S rate | Received · £500 | vs TravelFX | vs interbank |
|---|---|---|---|---|
| EUR – Euro | 1.1340 | 567.00 | −€4.60 | −335 bps |
| USD – US Dollar | 1.3291 | 664.55 | −$7.00 | −348 bps |
| AUD – Australian Dollar | 1.8294 | 914.70 | −A$14.50 | −370 bps |
| TRY – Turkish Lira | 55.8420 | 27,921.00 | −₺255 | −380 bps |
| AED – UAE Dirham | 4.8050 | 2,402.50 | −AED 31 | −365 bps |
Rates are indicative and update continuously. Interbank mid-market rates sourced from PSL data feed. Firm rates must be obtained from M&S directly before transacting.
Fees & Delivery
🌐 Click & Collect Only
Home delivery Not available
Stores 560+ M&S locations
96 full bureaux Currency exchange desks in store
Order online, collect same-day Available for major currencies
Minimum order £150 online
Maximum order £2,500
💳 Payment
Debit card ✓ No fee
Commission None
Cancellation fee £10
Sparks members Marginally better rate
⚠️ Regulatory Note
FCA regulated? No – M&S states this explicitly
Framework HMRC MSB (standard for bureau de change)
Operator Ignite FXCorp (Eurochange subsidiary)
Operator from Spring 2025
🔄 Buyback
Buyback Yes – in-store
Currencies accepted Major currencies
Currency card Not available
Pros & Cons
✓ Advantages
✓
560+ stores – convenient for M&S shoppers✓
Rate competitive with Tesco and Sainsbury's✓
No delivery fee – collect in-store for free✓
Sparks loyalty discount available✓
Operated by Eurochange group – experienced currency operator✗ Disadvantages
✗
No home delivery – click & collect only✗
M&S explicitly states the service is not FCA regulated✗
£10 cancellation fee if you change your mind✗
Minimum £150 online order✗
Maximum £2,500 per order✗
Rate trails online specialists by €4–5 per £500PSL Rating Breakdown
⚠️ Regulatory clarity note: The "Regulatory clarity" score reflects the level of consumer protection and transparency PSL considers available to customers. A lower score does not mean the provider is illegal or unsafe for typical transactions, but indicates that FCA consumer protection rules do not fully apply to the currency purchase itself.
5.8 / 10 Overall PSL Travel Money Score
Who Is M&S For?
✅ Best for
M&S Sparks members or regular M&S shoppers who want to pick up currency in the same visit as food shopping. The collect-only model suits someone who is already going to an M&S store.❌ Not ideal for
Anyone who wants home delivery, anyone who specifically requires FCA-regulated protections for their currency purchase, or anyone prioritising rate – all three groups should use a different provider.M&S – Questions & Answers
Is M&S Travel Money FCA regulated?
M&S Travel Money states explicitly on its website that it is not FCA regulated. The service is HMRC MSB regulated via Ignite FXCorp (Eurochange subsidiary) – the standard regulatory framework for UK bureau de change operators. For a dispute over the currency purchase, HMRC is the relevant authority rather than the FCA.
Who operates M&S Travel Money?
Since spring 2025, M&S Travel Money has been operated by Ignite FXCorp Ltd, a subsidiary of Eurochange. Eurochange is the UK's largest independent bureau de change specialist. The M&S brand is effectively a white-label front-end on Eurochange's platform.
Why is there no home delivery for M&S?
M&S Travel Money is currently available by click & collect only. M&S has not offered home delivery for travel money since the transition to Ignite FXCorp. If you need home delivery, TravelFX, Currency Online Group, Sainsbury's, Tesco, Eurochange and Post Office all offer this.
What is the £10 cancellation fee?
If you place an order with M&S Travel Money and subsequently cancel it, a £10 cancellation fee applies. This is higher than most competitors. Factor this in if you are uncertain whether you will travel.