What is the best way to get foreign currency?

Question

I'm going to England next week and I think I'll need about 2,000 British pounds. What is the best way to get the money? I have a Mastercard, a US bank checking account, and an HSBC savings account (with atm card) if it makes any difference.
Thanks in advance!

Answer 1

Take travelers checks and send the numbers to your own internet e mail address in case you lose the checks they can get replaced.

If you get the checks in US dollars, you can compare bank rates when you are there and choose. Travelers checks still remain the best way to ensure reliable money on trips. American Express is international and will quickly replace them if lost or stolen.

You can withdraw from most ATM's in England with your bank card. There is not the same charging system in England for using other banks ATM's (Avoid the ones in stores, stations etc as they do charge). You bank will decide the exchange rate at the time and may also charge a small fee.

All the UK has "chip and pin" so you need to make sure you have your PIN numbers then you can use your bank card or your credit card in any stores, restaurants etc.

HSBC is a British company with plenty branches in England so you would think "the worlds local bank" would help but don't rely on it, they suck.

Answer 2

Don't change it at the airport, as ex. rates can be terrible.

Go to a bank and get a quote.

Better yet, go to two banks, and compare.

Then exchange.

For a good indicator, go to yahoo finance, then currencies, and convert using the table.

Answer 3

Go to your local bank and get it there

Answer 4

i went to england, and around baggage claim @ heathrow, there is a currency exchange

Answer 5

rob a foriegn bank