Eurochange

{{use British English|date=May 2023}}

{{use dmy dates|date=May 2023}}

{{Infobox company

| name = Eurochange

| type = Private limited company

| image = Eurochange_logo.webp

| industry = Foreign exchange

| founded = 1975

| founder = Massimo Gini{{cite news|url=https://www.edp24.co.uk/news/business/20811596.foreign-exchange-firm-creates-five-jobs-opening-new-branch-norfolk-town/|title=Foreign exchange firm creates five jobs after opening new branch in Norfolk town|work=Eastern Daily Press|date=5 March 2018|last=Faulkner|first=Doug|access-date=16 May 2023|archive-date=16 May 2023|archive-url=https://web.archive.org/web/20230516184023/https://www.edp24.co.uk/news/business/20811596.foreign-exchange-firm-creates-five-jobs-opening-new-branch-norfolk-town/|url-status=live}}

| defunct =

| fate =

| successor =

| hq_location_city = Stevenage

| hq_location_country = United Kingdom{{cite web|url=https://find-and-update.company-information.service.gov.uk/company/02519424|title=Eurochange Limited|website=Companies House|access-date=16 May 2023|archive-date=16 May 2023|archive-url=https://web.archive.org/web/20230516181213/https://find-and-update.company-information.service.gov.uk/company/02519424|url-status=live}}

| area_served = United Kingdom

| key_people =

| num_employees =

| num_employees_year =

| parent = Corsair Capital

| website = {{URL|https://www.eurochange.co.uk/}}

}}

Eurochange, stylised eurochange, is a British foreign exchange company based in Stevenage. As of 2023, the company operates over 190 physical branches throughout the United Kingdom{{cite web

| url = https://www.eurochange.co.uk/branches

| title = Branches

| website = eurochange.co.uk

| access-date = 16 May 2023

| archive-date = 16 May 2023

| archive-url = https://web.archive.org/web/20230516181726/https://www.eurochange.co.uk/branches

| url-status = live

}} and also offers home delivery.{{cite web

| url = https://www.eurochange.co.uk/travel-money/home-delivery

| title = Home delivery

| website = eurochange.co.uk

| access-date = 16 May 2023

| archive-date = 16 May 2023

| archive-url = https://web.archive.org/web/20230516181726/https://www.eurochange.co.uk/travel-money/home-delivery

| url-status = live

}}

History

Eurochange was founded in London in 1975. In 2000, the company changed its name to FX Currency Services, and in 2011, it was renamed back to Eurochange.

In 2014, the company was acquired by ATM operator NoteMachine,{{cite news

| url = https://www.prnewswire.com/news-releases/notemachine-announces-acquisition-of-eurochange-281583871.html

| title = NoteMachine announces acquisition of Eurochange

| work = Cision

| date = 5 November 2014

| access-date = 16 May 2023

| archive-date = 16 May 2023

| archive-url = https://web.archive.org/web/20230516184022/https://www.prnewswire.com/news-releases/notemachine-announces-acquisition-of-eurochange-281583871.html

| url-status = live

}} itself being owned by Corsair Capital, an American financial services company. In October 2022, it was announced that Corsair was selling NoteMachine to Brink's, but would maintain ownership of Eurochange.{{cite news

| url = https://www.atmmarketplace.com/news/corsair-to-sell-notemachine-uk-atm-division-to-the-brinks-company/

| website = atmmarketplace.com

| date = 10 October 2022

| title = Corsair to sell NoteMachine UK ATM division to The Brink's Company

| access-date = 17 May 2023

| archive-date = 17 May 2023

| archive-url = https://web.archive.org/web/20230517152837/https://www.atmmarketplace.com/news/corsair-to-sell-notemachine-uk-atm-division-to-the-brinks-company/

| url-status = live

}}

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.{{cite web

| url = https://moneyage.co.uk/awards/halloffame.php

| title = Hall of fame

| website = moneyage.co.uk

| access-date = 21 May 2023

| archive-date = 21 May 2023

| archive-url = https://web.archive.org/web/20230521010644/https://moneyage.co.uk/awards/halloffame.php

| url-status = live

}}

In March 2022, Edinburgh Live stated that Eurochange had the second best exchange rates for U.S. dollars and euros in Edinburgh, out of a range of five companies (Travel FX, Eurochange, Tesco Bank, John Lewis, and Sainsbury's) operating within the city.{{cite web

| url = https://www.edinburghlive.co.uk/news/best-travel-money-exchange-rates-23529423

| title = Best travel money exchange rates and where to get them before you head abroad

| website = Edinburgh Live

| last = Buchan

| first = Sophie

| date = 29 March 2022

| access-date = 25 May 2023

| archive-date = 25 May 2023

| archive-url = https://web.archive.org/web/20230525160452/https://www.edinburghlive.co.uk/news/best-travel-money-exchange-rates-23529423

| url-status = live

}}

In December 2022, the Association 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 first foreign exchange service operated under the ABTA brand.{{cite news

| url = https://travelweekly.co.uk/news/tour-operators/abta-enters-forex-field-with-bespoke-offering

| title = Abta enters forex field with bespoke offering

| date = 7 December 2022

| work = Travel Weekly

| access-date = 17 May 2023

| archive-date = 17 May 2023

| archive-url = https://web.archive.org/web/20230517153845/https://travelweekly.co.uk/news/tour-operators/abta-enters-forex-field-with-bespoke-offering

| url-status = live

}}

Eurochange has seen steady growth in locations, with an average of 30 opening a year since their acquisition by NoteMachine.{{cite news

| url = https://www.thisislocallondon.co.uk/news/16236956.new-jobs-eurochange-opens-second-uxbridge-branch/

| title = New jobs as Eurochange opens second Uxbridge branch

| date = 19 May 2018

| work = This is Local London

| access-date = 21 May 2023

| archive-date = 21 May 2023

| archive-url = https://web.archive.org/web/20230521010137/https://www.thisislocallondon.co.uk/news/16236956.new-jobs-eurochange-opens-second-uxbridge-branch/

| url-status = live

}} For example, the company opened an outlet in the Manchester Arndale in 2015,{{cite news

| url = https://www.manchestereveningnews.co.uk/business/eurochange-opens-new-branch-arndale-9615247

| work = Manchester Evening News

| title = Eurochange opens new branch at Arndale Centre

| last = Roue

| first = Lucy

| date = 8 July 2015

| access-date = 21 May 2023

| archive-date = 21 May 2023

| archive-url = https://web.archive.org/web/20230521010128/https://www.manchestereveningnews.co.uk/business/eurochange-opens-new-branch-arndale-9615247

| url-status = live

}} as well as two in CastleCourt{{cite news

| url = https://www.belfasttelegraph.co.uk/business/northern-ireland/uk-bureau-de-change-chain-opens-two-belfast-outlets/37133200.html

| work = Belfast Telegraph

| title = UK bureau de change chain opens two Belfast outlets

| date = 19 July 2018

| last = Deighan

| first = Emma

| access-date = 21 May 2023

| archive-date = 21 May 2023

| archive-url = https://web.archive.org/web/20230521010128/https://www.belfasttelegraph.co.uk/business/northern-ireland/uk-bureau-de-change-chain-opens-two-belfast-outlets/37133200.html

| url-status = live

}} and one in The Pavilions in 2018. The company now handles over 2.5 million customer transactions a year.

Services

= Foreign exchange =

The company offers foreign exchange of over 60 currencies, including the U.S. dollar, euro, and Turkish lira through its physical bureaux de change located on high streets and in shopping centres, as well as online through its own website. The company operates ABTA Travel Money,{{cite web

| url = https://www.abta.com/abta-travel-money

| access-date = 18 May 2023

| title = ABTA Travel Money

| website = Association of British Travel Agents

| archive-date = 18 May 2023

| archive-url = https://web.archive.org/web/20230518003913/https://www.abta.com/abta-travel-money

| url-status = live

}} Marks & Spencer Travel Money{{cite web|url=https://mandstravelmoney.com/legal/privacy|title=Privacy Notice|publisher=Ignite FXCorp Ltd|access-date=20 April 2025}} and NatWest Travel Money.{{cite web

| url = https://natwesttravelmoney.com/

| access-date = 3 July 2023

| title = NatWest Travel Money

| website = NatWest

}} The company also offers a multi-currency prepaid debit card through Mastercard's Cash Passport brand.{{cite web

| url = https://www.eurochange.co.uk/travel-money/card

| title = Pre-paid travel money card

| website = eurochange.co.uk

| access-date = 16 May 2023

| archive-date = 16 May 2023

| archive-url = https://web.archive.org/web/20230516181728/https://www.eurochange.co.uk/travel-money/card

| url-status = live

}}

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%.

References