Lotus Foreign Exchange Review

The Currency Shop Says: Lotus Foreign Exchange Review Logo

  • Lotus Foreign Exchange are good for purchasing New Zealand Dollars, Thai Baht or Indonesian Rupiah.
  • Have a number of locations throughout Australia.
  • Use our comparison table to compare online rates for currency providers in Australia.

 

What we will cover:

  • Fees, charges and commissions.
  • Payment options.
  • Exchange rates.
  • Overseas transfers.
  • Available currencies.
  • Travel cards.
  • Pros and cons.
Pros
  • Deal with a lot of major currencies.
  • Competitive exchange rates which beat rates from major banks.
  • Multiple locations across Australia and New Zealand.
Cons
  • They only accept cash as payment.
  • No option to purchase a travel card.
  • Difficult to get hold of by phone.
  • A horrible website.

Fees, charges and commissions

No fees or commission will be charged when you purchase currency from a Lotus Foreign Exchange store.

Payment options

Lotus Foreign Exchange only accept cash payments in store, so you won’t be able to pay via card at all.

 

Exchange rates

They offer quite competitive exchange rates as compared to other providers, especially for currencies such as NZD, IDR and THB and sometimes common currencies such as USD.

Overseas transfers

Lotus Foreign Exchange do offer an international transfer service, they utilise MoneyGram. However this service is only available from New Zealand.

Available currencies

Lotus Foreign Exchange deal with most major currencies for both currency exchange and international transfers. To find out if they can provide the currency you require, you can call them or visit their branch in the Brisbane CBD. Alternatively, you can visit their website for a comprehensive list.

Travel cards

Travel cards are not available from Lotus Foreign Exchange, they deal only with cash.

Ileana Ionescu
Author
Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
Read more
Last updated
May 6th, 2020