Nearest Bureau De Change To Me – If you’re planning a trip to London and have questions about money, you’re not alone. With so many options available, you’ll have no trouble finding solutions on how to spend your money and tips for paying for things in London.
One of the first questions you might have is do I need to exchange money before I go to London? You need to exchange some money before you leave, but plan to get the rest in London. When you do this, remember that London and the rest of the UK do not use the Euro. Because London is one of the financial capitals of the world, you will be able to access and spend your money much like you would in the United States.
- 1. Nearest Bureau De Change To Me
- 2. Where To Exchange Money In Buenos Aires. The Best Way In 2023
- 3. Money Exchange And Paying In London: 13 Tips And Tricks
- 4. Open Door Bureau De Change
- 5. The Best Places To Exchange Currency In London: A Handy Guide
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Since London is a mecca for tourists, they want you to spend your money. Here are a few things to know, and even some tips and tricks on how to find your sleeve before you head across the pond.
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When the euro was first proposed as the single currency of the European Union (EU), the British Prime Minister (Tony Blair) decided that the euro must pass five economic tests. The tests did not meet the expected effect, so Great Britain chose to keep the pound (technically “pound sterling”) as its official currency.
So if you’re domiciled in London or just the rest of the UK, you’ll only need British pounds. If you plan to travel to the rest of Europe, you will need euros or the currencies of those countries.
Deciding how much of each will require some planning. We’ll talk more about that later. First, let’s decide where to get your sterling.
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If you have time before you leave, consider picking up a few pounds or finding a travel ticket that works for you.
It’s great to secure a few British pounds when you arrive in London, but always make sure you always find the best place to exchange your money. Banks usually give you worse rates and charge extra fees.
As someone who travels a lot, it’s very important that I get the best value for my money! I always recommend that you google the best travel tickets or exchanges in your hometown or city before buying pounds.
It’s important to find a travel card (debit or credit) that best suits your needs and your trip. London is slowly becoming more card-friendly so I would recommend traveling with at least one card. Countries like Sweden are already leading the way in becoming card-only.
Money Exchange And Paying In London: 13 Tips And Tricks
When choosing a card, keep in mind that a credit card will give you extra support when you travel, and a debit card will allow you to make cheaper payments (in most cases). For this reason, I like to travel with both.
In the UK you’ll find the popular Mastercard and Visa cards widely accepted in the UK, but American Express is very easy to use in London and major department stores.
If you have an account with a major bank, such as Bank of America, Wells Fargo or Citibank (follow the links for more information), the transaction is quite easy. You can order in person or online, but you will have to wait a few days to receive your pounds.
Smaller banks and credit unions are usually able to exchange currencies. You may not get the best rates with a smaller bank, but you’ll avoid the delivery fees that larger banks charge for bill delivery. Whether you use a credit union or a major bank, you’ll have to wait a few days to receive your pounds.
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Before I lived in London, I traveled to London many times. Each time I made sure to go to my local exchange to get £100 before arriving in the UK. I also carry a 28 degree Mastercard (Australian credit card) and regular bank cards.
It was so easy to get the money I told them how much I wanted in British pounds and the next thing I knew I had cash in my hand.
I hate dealing with airport kiosks or exchange offices. Like this if you need a taxi, a bottle of water or some food that you have prepared. It’s a cozy little blanket when you travel.
Airport kiosks will have the highest fees and bad exchange rates, so use them only as a last resort. Even airport ATMs will give you bad exchange rates, so get over them as soon as possible and head into town before exchanging or using an ATM (if possible).
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There are many places to exchange money in London and whenever I need a place to exchange I always end up at ACE-FX (as it is mostly on my way to work). Thomas Exchange Global, Eurochange and UK Post are a good place to start if you don’t have time to research before exchanging.
To find out the best exchange rate, use the money saver redemption function, just enter your local currency and the amount you want to exchange and the result will appear with the best exchange place for the day.
If you’re trying to find a currency exchange on the street, look for currency exchange signs.
In tourist areas, you will often see exchange offices or storefronts. They will post their prices, which usually seem very reasonable. But read the fine print – there will be fees associated with the transaction. Add those fees and that price is not very reasonable.
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ATMs are everywhere in London. Savvy travelers pass by currency dealers, banks, hotels or exchange offices (the French name for British exchange offices) at the post office and head to the nearest ATM. If you have a valid travel ticket, this will always be a winning option.
It will be easy to locate in airports, banks and other high traffic areas. However, if you’re a little off the beaten path (I rented a guesthouse on a quiet street), Link Q offers an online service that shows you nearby ATMs. You can download the Link app or use their website to locate a location near you.
You can use a credit or debit card to get pounds. Insert card, enter PIN and swipe. You will get your card back first, then the cash.
Exchange is not accepted at ATMs! This will always give you the worst exchange rate. This will give you an idea of how much you are investing and is always a good indicator to ensure you have enough money to withdraw.
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Debit cards in most cases will have lower fees associated with them, I say this because I have a credit card aimed at travelers and they offered better rates than my debit card. In general, avoid using your credit card at an ATM, except in an emergency. Cash advance fees, transaction fees, exchange fees – it’s a lot. Furthermore, your bank may charge higher interest rates for cash advances.
One more thing: many ATMs in London don’t always have letters on their pins, so if you’ve always struggled for balls, keep 2-7-9-3.
London is moving towards electronic payments so you’ll want to have at least one card when traveling in the UK, but two is better.
The card is widely used in the UK and some places only accept cards, so it is essential that you have the ability to pay by card.
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In London, in particular, it has become easier to pay for goods or services with your phones. Although not yet in universal use, more and more merchants accept ApplePay or GooglePay, and ApplePay is accepted in more locations. Both services work with Visa or MasterCard debit or credit cards.
That being said, you’ll still be paying in GBP so it’s essential to have the correct card or you’ll be charged an exchange fee.
If you had some Euros, could you spend them in London? There are two answers: no and maybe
If you plan to travel to Europe after leaving London, get euros when you arrive at your next destination (unless you want to pay two exchange rates – dollar to pound and then pound to euro). If you’re visiting London after a European visit, plan ahead so you don’t grab Euros that you probably won’t be able to use in most parts of London.
The Best Places To Exchange Currency In London: A Handy Guide
About coins: Coins of larger denominations are very common in Europe. You won’t be able to exchange them when you get home (but you will be able to exchange them for sterling!). Unless you want to add them to your coin collection or require them to be displayed (British coins are pretty cool), spend it on trinkets, exchange it for fiat money, or give it away.
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