i was told just take my bank card and take out money once there as i would automatically get the best interest rate. Is this true , or are their better ways ?
P.S i am going for a week
2007-08-20 01:58:16 · 4 answers · asked by eric t 1 in Business & Finance ➔ Personal Finance
Almost certainly, taking money from your own account via a bank machine in the country you are going to, the US in this case, will get you a much better rate than going to a local money change bureau.
Check with your bank what rates they use if you want sure, and then compare it to the rates you find at agencies online. When it's only small amounts (few K) the differences won't make you poor though.
2007-08-20 02:10:59 · answer #1 · answered by autoPimp 1 · 0⤊ 0⤋
Credit and debit cards are accepted at many businesses in the US: restaurants, gas stations, certainly hotels. The only problem is what exchange rate will they give you.
I would try to get set up with two or more cards, and then just before the trip call them and ask what the exchange rates are. See which one offers the best exchange rates.
Then use traveler's checks for a small amount of cash.
2007-08-20 02:11:27 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
I would convert some cash at the airport in the UK and then use the card for larger expenses while in the US. You will get a better rate for your pounds in the UK than you will in the US.
2007-08-20 02:04:36 · answer #3 · answered by meyersrt 2 · 0⤊ 0⤋
hit the states running with some pounds and use your debit card the rest of the time!!!
2007-08-23 11:02:22 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋