What's the cheapest way to change US Dollars to GB Pounds?

Question

I don't want to use my credit card while I'm away as I've done that before...got charged crazy fees.
Is it cheaper to use my ATM card and just get money as and when I need it?
or
Should I exchange a lump sum before leaving the US? If so, where?

Answer 1

Use an American Express Card. If you pay the balance in 30 days there is no interest and the give you the rate of exchange as of the day the charge is made.

Answer 2

Very good question. I was in that same dilema.
If you have a finacial consultant good, go talk to him/her.

If you don't get one, I reccomend fidelity inc. They have top noch consultants.

once you have a consultant talk to themabout your fincances, how much ou have what accounts are you saving in, how many accounts you have, what types of accounts. See if you can transfer that money from either account to credit WU or a ATM with identity guard for protection. You can use both those plans internationally and access your money and convert your money into GB as well.


If you can't transfer, ask for a transversal lump sum, where all money will be given to you but you can still acseess $10 that you will get from fidelity as a ractionilized gift as they call it every week in your ATM or WU. This way you are set for leaving the country and not useing your credit card for finacial gains.



Good Luck!

Answer 3

Use your ATM card and get money when you need it.
1. You will not be traveling with a large amount of cash.
2. The ATM networks typically give a good exchange rate (as good or better than you would get in the U.S.).

Call your bank to make sure that your card will be accepted in GB. If it is a debit card and part of either the VISA or Mastercard network, you will fine.

Do not use U.S. cash overseas. It can be presumed as very rude and marks you immediately as a U.S. Citizen (for good or bad). Our reputation is not the best any more.

Good Luck!

Answer 4

I'll take the points please. SHABANG!