Travelling to the US of A... where should I exchange money? - HotUKDeals
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Travelling to the US of A... where should I exchange money?

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6y, 8m agoPosted 6 years, 8 months ago
I am going to Florida and looking for the best options for exchanging money.

I have just got a Post Office credit card which is 0% commission on transactons but not ATM machine withdrawals.

Should I just go to the Post Office and exchange £2000.00 cash? or do I exchange over in America? Where is the best rate? I looked at EuroChange yesterday (who claim to be cheapest) and they were more expensive than the Post Office!

Is the ATM fee still a better deal as rates are better over there even after card fee?
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6y, 8m agoPosted 6 years, 8 months ago
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#1
When I go on holidays I prefer to use the credit card abroad for purchases. Even with the fees the rate is still better.

You obviously need cash so you can change some over here, but I would not change it all because if you do not use it all then when you come back you get ripped off to change it back to ££.

When I buy foreign currency I used to use Mark and Spenecr they are very good if you have a M &S credit card because they do not charge cash advance and their rates are not bad.
#2
I suggest using the ATM. You will be charged a fixed fee per transaction BUT you will get the best exchange rate... Even after the fixed fee it will work out better.

This is what I did when i went New York last year, I used my HSBC debit card.
#3
Look here for the best travel money price in the uk.

http://travelmoney.moneysavingexpert.com/holiday-money/#results

Almost $200.00 diff in top and bottom price.
#4
Have you looked at TheDibb?

If you haven't already joined it's an excellent resource for all things Florida.
#5
we're going soon aswell !!!
we are going to use thomas cooks pre paid mastercard,
load it up with your money before you go, then when you arrive, withdraw from any ATM's, they have a maximum of $700 per day, but only charge $2.5 per transaction.
As long as you put more than £500 on the card, they will give you the internet rate instore, so at the monent they are very competative.
have a great time
#6
asandino
When I go on holidays I prefer to use the credit card abroad for purchases. Even with the fees the rate is still better.

You obviously need cash so you can change some over here, but I would not change it all because if you do not use it all then when you come back you get ripped off to change it back to ££.

When I buy foreign currency I used to use Mark and Spenecr they are very good if you have a M &S credit card because they do not charge cash advance and their rates are not bad.


+1 - definitely use the credit card for purchases etc. I always use M&S too for getting dollars. Try work out roughly how much you think you'd spend a day for everyday stuff plus a bit more and get that amount in dollars - use the card for the rest. Even if you needed emergency cash you still had the credit card to use in ATM at a push.
#7
2000 is too much cash to take with you. when we go we take about 400 for 2 weeks worth, but we use cards with no charges for most stuff and cash for eating etc
#8
Have you thought about a prepaid card like 'FairFx' where you load a card with $ and then use it like a credit card?

There are no transaction charges and only a $2 charge for ATM withdrawals.

Here's the FAQ from FairFx site https://www.fairfx.com/cardfaq/#viewport

The exchange rate you get when loading card is competetive and also doesn't change if the exchange rate changes, ie, if you get buy and load $500 onto it, it will always be $500 whatever happens to the exchange rate.
#9
Hi
I have a CITI Bank US Dollar Savings Account, which comes with an ATM card.
This account also pays interest on your savings, no interest is paid on any month a withdrawl is made.
The rate of exhange is very good normally near what the city quotes.

However this account is only good if you are not making a one off visit.

http://www.citibank.co.uk/personal/banking/saveinvest/?merchant=citi
#10
FairFX for me everytime, they give a better pre-load rate and only charge $2 per ATM withdrawal
and free if using in shops/restauarants.
Only downside is it takes 7-10 days to get a new one and PIN number, once you have one its easy.

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