dollars into pounds

Old Jun 13th, 2007, 02:31 PM
  #1  
Original Poster
 
Join Date: Dec 2004
Posts: 165
dollars into pounds

we are staying with friends in england so we don't have to use our credit card that often but we do need cash . what do you recommend to do to get dollars converted into pounds once we're in england? what method will be the least costly? would bringing cash be wise? thanks for any insight you can give.
putch29m is offline  
Old Jun 13th, 2007, 02:34 PM
  #2  
ira
 
Join Date: Jan 2003
Posts: 74,544
Hi P,

Do not bring dollars.

Get any cash you need from an ATM.

Enjoy your visit.

ira is offline  
Old Jun 13th, 2007, 02:38 PM
  #3  
 
Join Date: May 2005
Posts: 19,881
So we don't reinvent the wheel do a search for ATM on this forum - what you have to do & what it'll cost are pretty much the same through Europe so you don't need a UK specific posting
alanRow is offline  
Old Jun 13th, 2007, 03:20 PM
  #4  
 
Join Date: Apr 2004
Posts: 566
Keep your dollars in your pocket and use an ATM machine.
almcd is offline  
Old Jun 13th, 2007, 04:59 PM
  #5  
 
Join Date: Jun 2007
Posts: 430
Use ATM to get cash and use credit cards for hotels, dinners, etc. Don't use banks or exchange places as they charge commission! Same goes to other European countries.
BlueSea is offline  
Old Jun 13th, 2007, 05:49 PM
  #6  
 
Join Date: Oct 2003
Posts: 57,890
The european financial system is just as up-to-date and computerized as that in the US. So - you do the smae as here - just pull it from the nearest ATM. Cheap, fast and convenient compared to any other option.
nytraveler is offline  
Old Jun 13th, 2007, 07:18 PM
  #7  
 
Join Date: May 2007
Posts: 92
Bring at least 50 euro - in 10,5 and 1 pound notes for your arrival and then get cash from an ATM, as you go, or use your credit card with the lowest exchange rate. Don't forget to call your bank before you go, to advise them that you will be traveling out of the country so that they don't place a lock on your card.

The main branch of your local bank should carry the GBP or you can buy them from sites such as americanexpress.com

Have a great trip!
ciaolaura is offline  
Old Jun 13th, 2007, 07:45 PM
  #8  
 
Join Date: Jan 2003
Posts: 2,945
You certainly do not need to bring any Euros to England with you. You also do not need to get pounds before you leave. ATMs provide the very best exchange rate and are everywhere, including right after you come out of customs at the airport. The only US cash you need is what you will need when you return to the US.
Jack is offline  
Old Jun 13th, 2007, 07:59 PM
  #9  
 
Join Date: May 2007
Posts: 92
Oops - sorry, meant to say 50 pounds, not Euro. Bringing versus not bringing depends on your willingness to look for an ATM after a longhaul flight, while carrying luggage, etc. Just a convience to me, to have it handy for a cab or bus ride, etc.

Cheers!
ciaolaura is offline  
Old Jun 15th, 2007, 04:31 AM
  #10  
Original Poster
 
Join Date: Dec 2004
Posts: 165
thanks to everybody for your good and practical advice. i will definitely check with my n.y. bank and see what the atm story is with them in the u.k. it makes sense that dealing with a machine would be cheaper than dealing with a human being. i know about notifying my credit card companies. what would you say the average service fee your u.s. bank would charge for withdrawing money from an atm in the u.k.? just to get an idea...
putch29m is offline  
Old Jun 15th, 2007, 04:38 AM
  #11  
 
Join Date: Jul 2006
Posts: 17,567
well getting euros from a sterling £ account is roughly £1.50 (or free)

bilboburgler is online now  
Old Jun 15th, 2007, 07:27 AM
  #12  
 
Join Date: Dec 2005
Posts: 10,168
If you fly into Heathrow, there are multiple ATMs just across from and just past Starbucks (welcome to Ye Old England) when you exit customs. Just look beyond all the drivers holding up signs with names on them.
Ackislander is offline  
Old Jun 15th, 2007, 08:43 AM
  #13  
 
Join Date: Jan 2003
Posts: 48,108
My US bank charges me zero for an overseas withdrawal, and the European banks also charge me zero.
StCirq is online now  
Old Jun 17th, 2007, 05:35 AM
  #14  
 
Join Date: Sep 2006
Posts: 1,190
don't try t get £1 notes - they were abolished in about 1983 - except for Scotland .

use an ATM, that's what we natives do. Oh and you can also use your ATM card at post offices to get cash.
sashh is offline  
Old Jun 17th, 2007, 06:14 AM
  #15  
 
Join Date: Oct 2006
Posts: 895
Many credit cards will charge an addition fee if you use them to get currency in a foreign country. A fair number of exchange bureaus in the centre of London charge no commission.
kaneda is offline  
Old Jun 17th, 2007, 06:24 AM
  #16  
 
Join Date: Jun 2004
Posts: 19,000
Avoid Bureaux de Change like the plague. Although it's true that they don't charge any "commission," they use exchange rates that are up to 10% higher than bank ATMs.
Robespierre is offline  
Old Jun 17th, 2007, 07:25 AM
  #17  
 
Join Date: Jan 2003
Posts: 33,852
You ought to know what your bank charges for ATM withdrawals outside their network, if you have an account there. It should be no different for the UK than for any ATM in the US that is not in your network. My bank also doesn't charge me anything for any ATM withdrawal anywhere outside their own (but I do have a premium account), but I think a typical ATM fee from US banks for that is around $2. B of A is the worst from what I've heard, and charge around $5.
Christina is offline  
Old Jun 17th, 2007, 08:29 AM
  #18  
 
Join Date: Feb 2004
Posts: 5,603
Yes, do check with your bank in regard to fees for ATM withdrawal.

Another thing to remember, although it is fairly obvious, is to withdraw the maxium amount allowed each time you use ATM. I believe it's possible to arrange for larger withdrawals before your departure.
historytraveler is online now  
Old Jun 17th, 2007, 09:34 AM
  #19  
 
Join Date: May 2005
Posts: 19,881
<<< B of A is the worst from what I've heard, and charge around $5. >>>

If a BoA customer uses a Barclay's Bank ATM in the UK then there's no charge.
alanRow is offline  
Old Jun 18th, 2007, 02:05 PM
  #20  
Original Poster
 
Join Date: Dec 2004
Posts: 165
when you say "B of A" are you referring to Bank of America?
putch29m is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Do Not Sell My Personal Information

FODOR'S VIDEO