Sunday, December 4, 2011

What is the best way to exchange USD for GBP?

I am looking for the cheapest way to exchange USD for Pounds when we go to England this summer. Thank you for your help.|||Keep your dollars in your bank account, take your ATM pass and use the holes in the wall, (the ATMs in England.)





Contact your bank beforehand to check that your pass is ready for use abroad and that they expect use overseas, the American banks need to be told, as they sometimes block the use of a bank pass if there is 'suspicious' use.


If you have a credit card, bring it, most accepted are Visa and Mastercard, American Express is less liked, other credit cards are almost unknown.





If you want a little cash, exchange about $300 before you travel. It is very likely your own bank can handle that for you, specially if you have a little time. If they can not, most main branch offices can. Or you can exchange in an exchange office in the airport, but you will pay higher exchange fees there.





Whatever way you exchange your money, you will have to pay a fee, but with the ATMs and your credit card for higher amounts of money, you will pay the least.

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