 | |
| Company type | Private limited company |
|---|---|
| Industry | Foreign exchange |
| Founded | 1975 |
| Founder | Massimo Gini[1] |
| Headquarters | , United Kingdom[2] |
Area served | United Kingdom |
| Parent | Corsair Capital |
| Website | www |
Eurochange, stylisedeurochange, is a Britishforeign exchange company based inStevenage. As of 2023, the company operates over 190 physical branches throughout the United Kingdom[3] and also offers home delivery.[4]
Eurochange was founded in London in 1975.[1] In 2000, the company changed its name to FX Currency Services, and in 2011, it was renamed back to Eurochange.[2]
In 2014, the company was acquired byATM operator NoteMachine,[5] itself being owned by Corsair Capital, an Americanfinancial services company. In October 2022, it was announced that Corsair was selling NoteMachine toBrink's, but would maintain ownership of Eurochange.[6]
The company won the MoneyAge Travel Money Provider of the Year award four years consecutively from its creation in 2016 until its discontinuation in 2019.[7]
In March 2022,Edinburgh Live stated that Eurochange had the second best exchange rates forU.S. dollars andeuros in Edinburgh, out of a range of five companies (Travel FX, Eurochange,Tesco Bank,John Lewis, andSainsbury's) operating within the city.[8]
In December 2022, theAssociation of British Travel Agents (ABTA) announced that it would be launching a travel money service in partnership with Eurochange. This service, known as ABTA Travel Money, is the firstforeign exchange service operated under the ABTA brand.[9]
Eurochange has seen steady growth in locations, with an average of 30 opening a year since their acquisition by NoteMachine.[10] For example, the company opened an outlet in theManchester Arndale in 2015,[11] as well as two inCastleCourt[12] and one inThe Pavilions in 2018. The company now handles over 2.5 million customer transactions a year.[10]
The company offersforeign exchange of over 60 currencies, including theU.S. dollar,euro, andTurkish lira through its physicalbureaux de change located on high streets and in shopping centres, as well as online through its own website. The company operates ABTA Travel Money[13] andNatWest Travel Money.[14] The company also offers a multi-currencyprepaid debit card through Mastercard'sCash Passport brand.[15]
Eurochange also offers a travel money buy-back service, where customers can sell their unused currency after a holiday back to the company for a fee of £4 for 30%.