Options to Buy UK Currency

Discussion in 'Europe' started by TAHKUCT, Apr 2, 2011.  |  Print Topic

  1. TAHKUCT
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    TAHKUCT Gold Member

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    I will be traveling to UK in a few weeks from US via YYZ to LHR and was wondering what is the best way to obtain UK currency.

    Last time I was in UK several months ago and was not prepaired at all and had to exchange US dollars to UK pounds at LHR at one of the exchange places. However, I have found out it cost me an arm and a leg to do it in order to take a cab.

    I have looked at some options, one of them is to buy from Travelex online and have pounds shipped to my home prior to departure, but the rate is not the best plus $9.99 delievery fee.

    I will not need to exchange a lot, but up to 200 GBP would be nice.

    Open to suggestions.
     
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  2. kaka
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    kaka Gold Member

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    is using ATM at LHR an option?
     
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  3. TAHKUCT
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    TAHKUCT Gold Member

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    Last time I was at LHR I could not find an ATM for awhile. and if I recall correctly, the one that I found was not accepting any of my cards to get cash
     
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  4. RichardInSF
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    RichardInSF Silver Member

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    They're around -- avoid the Travelex ones, they are ripoffs, and use the mainline bank ATMs. If you can't find them, ask someone. Haven't ever failed me yet but avoid the ones run by building societies (roughly the British equivalent of credit unions in the US) which often aren't part of the mainline ATM networks -- that may have been your problem previously.
     
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  5. jbcarioca
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    jbcarioca Gold Member

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  6. TAHKUCT
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    Thanks. I will look for them after a baggage claim
     
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  7. TAHKUCT
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  8. rwoman
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    rwoman Gold Member

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    Some US banks have agreements with European banks for pulling out money without paying a transaction fee. For example, Bank of America has an agreement with Barclay's Bank in the UK and BoA customers can take Pounds out of Barclay's with zero ATM/foreign transaction fees. It can be a big money savings!! If you bank with a large bank, check with them to see if they have any partners.

    Also, CapitalOne does not charge foreign transaction fees and has a decent rate on their credit card.

    ATMs are usually the best bet, but avoid the Travelex ones, as previously stated. Depending on where you're headed, using rail/subway services may be cheaper than a taxi.

    :)robin
     
  9. ShopAround
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    ShopAround Silver Member

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    Travelex always offers a lousy exchange rate, whether you're talking pounds, euros or other currencies.

    I've never found an ATM in LHR that would not accept my U.S. bank card.
     

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