What is the best (most cost effective) way of withdrawing money abroad? I've got a HSBC current account but that is going to charger me £1.75 for every cash withdrawal i make. I'm in Thailand and Australia for 3 months so £1.75 per transaction is soon going to mount up!
2006-10-24 00:10:14 · 10 answers · asked by jonathan_onetwo 2 in Business & Finance ➔ Personal Finance
Travellers cheques or the new American Express travellers cheque top up card, which you use just like a credit card. You shouldn't have to pay fees to change your money over.
The post office do a great currency exchange for free
2006-10-24 00:15:53 · answer #1 · answered by theadz01 2 · 0⤊ 0⤋
Opening a Nationwide account is a good idea, if you don't want that hassle, depending how many times you will withdraw money, and what other benefits you will use, their (hsbc) bank account plus may be a solution. Remember though, because you are going away for 3 months, you won't be covered under the travel insurance. Have a look at the dteails on the website
2006-10-24 23:53:40 · answer #2 · answered by Vicky M 2 · 0⤊ 0⤋
Withdraw the maximum amount possible at each transaction. You will find this cheaper than travellers cheques, and the exchange rate used is usually very competitive and so can cancel out the seemingly high charge.
2006-10-24 00:28:02 · answer #3 · answered by James 6 · 0⤊ 0⤋
Nationwide are the only company that have an account that allows u to withdraw money with out being charged.
I would do that, and incase of emergencys, take some cash.
2006-10-24 00:20:20 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Find the nearest bank and go into there and withdraw a large sum of money and purchase travelers checks! Just make sure you sign them all that way you are protected against theft. If they get stolen the bank will replace them!
2006-10-24 00:19:02 · answer #5 · answered by jls1znv9999 4 · 0⤊ 0⤋
Open an account with Nationwide, they don't charge for withdrawals abroad.
2006-10-24 00:13:30 · answer #6 · answered by Polo 7 · 0⤊ 0⤋
If someone is at home (Here) you could ask them to send you travellers cheques or cash.
2006-10-24 00:13:05 · answer #7 · answered by shevlad2004 2 · 0⤊ 0⤋
hi...i fully agree with Ron...go with 'Nationwide'...i'm with them and have travelled extensively and never been charged for any financial transactions i have made when abroad.
2006-10-24 00:19:54 · answer #8 · answered by chrisbell3 3 · 0⤊ 0⤋
travellers cheques..much cheaper.
2006-10-24 00:18:17 · answer #9 · answered by grumpcookie 6 · 0⤊ 0⤋
hummm
2016-03-28 05:56:59 · answer #10 · answered by Anonymous · 0⤊ 0⤋