Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

changing dollars into pounds for holiday home

changing dollars into pounds for holiday home

Old Jun 29th 2012, 3:17 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Aug 2011
Posts: 57
mymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nice
Default changing dollars into pounds for holiday home

We fly home in a week and as ever I left this stuff really last minute!

Have done a quick search on the internet but not sure what's the best value - so any recommendations on changing dollars into pounds (substantial amount $1000-1500), or maybe I should transfer into my British bank account (Bank of America - HSBC)

We're in LA, if that makes any difference

Thanks
mymatemarmite is offline  
Old Jun 29th 2012, 3:52 pm
  #2  
BE Enthusiast
 
denzil75's Avatar
 
Joined: Dec 2007
Location: Sheffield to AZ to Sheffield to NJ
Posts: 342
denzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nicedenzil75 is just really nice
Default Re: changing dollars into pounds for holiday home

We never bother changing any money when we go back. We just use our HSBC US debit card to withdraw cash when we get to the UK. Having said that we don't get charged by HSBC for making international withdrawals but I know some banks do. I've also transferred money from our US to UK account, again free with HSBC. Lots of people on here have used Xe.com to transfer money to the UK so I'm sure someone will be along to tell you more about this.
denzil75 is offline  
Old Jun 29th 2012, 3:57 pm
  #3  
BE Forum Addict
 
Ash UK/US's Avatar
 
Joined: Sep 2003
Location: Grand Rapids, MI
Posts: 4,524
Ash UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond reputeAsh UK/US has a reputation beyond repute
Default Re: changing dollars into pounds for holiday home

We are going to Vancouver Canada for a couple of days so we wanted some CAN$ just for incidentals (taxi etc), I went into my bank, Fifth Third, the exchange rate was ok however they did not charge me any change over fees.
Ash UK/US is offline  
Old Jun 29th 2012, 4:05 pm
  #4  
MODERATOR
 
penguinsix's Avatar
 
Joined: Nov 2006
Location: Hong Kong, mostly.
Posts: 5,105
penguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond repute
Default Re: changing dollars into pounds for holiday home

I just use my US debit card in the UK whenever I need money. You need to check if there is a fee but it's really quite a bit easier than walking around with £1000 cash and whatnot. I generally pay a pretty good rate from the bank rather than the tourist rate you'll get at walk up shops.

In the end factor in the difference. If you get say .03¢ better at one place but are only exchanging $1,000 US than you are talking a difference of about £15 overall. You'll probably spend that in tube fares or gasoline just running around trying to find a better exchange shop, not to mention the time and hassle. Just easier to use the ATM and be done with it.

But do check your bank and see if there are any hidden fees.
penguinsix is offline  
Old Jun 29th 2012, 4:32 pm
  #5  
Forum Regular
Thread Starter
 
Joined: Aug 2011
Posts: 57
mymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nicemymatemarmite is just really nice
Default Re: changing dollars into pounds for holiday home

that's a good point about the false economy actually!

Will check with our bank - thanks!
mymatemarmite is offline  
Old Jun 29th 2012, 4:38 pm
  #6  
Forum Regular
 
Joined: Sep 2011
Posts: 72
blinkgoddess is an unknown quantity at this point
Default Re: changing dollars into pounds for holiday home

Bank of America will allow withdrawls at Barclay's cash points without any fee
blinkgoddess is offline  
Old Jun 30th 2012, 2:19 am
  #7  
BE Forum Addict
 
Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,896
md95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond reputemd95065 has a reputation beyond repute
Default Re: changing dollars into pounds for holiday home

Originally Posted by blinkgoddess View Post
Bank of America will allow withdrawls at Barclay's cash points without any fee
Is that really without any fee? I know they waive the "non BofA ATM fee" but I thought they still slapped on a foreign exchange fee ...
md95065 is offline  
Old Jun 30th 2012, 3:45 am
  #8  
Bob
BE Site Lead
 
Bob's Avatar
 
Joined: Aug 2004
Location: MA, USA
Posts: 91,722
Bob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond repute
Default Re: changing dollars into pounds for holiday home

Originally Posted by md95065 View Post
Is that really without any fee? I know they waive the "non BofA ATM fee" but I thought they still slapped on a foreign exchange fee ...
Barclays own a chunk of BoA, so it is one advantage they offer. As the OP banks with HSBC, it might only be useful if HSBC let them use a Barclays cashpoint without charge, but they'd probably end up with a exchange fee.
Bob is offline  
Old Jun 30th 2012, 12:12 pm
  #9  
Forum Regular
 
Joined: Sep 2011
Posts: 72
blinkgoddess is an unknown quantity at this point
Default Re: changing dollars into pounds for holiday home

Originally Posted by md95065 View Post
Is that really without any fee? I know they waive the "non BofA ATM fee" but I thought they still slapped on a foreign exchange fee ...
If I use my ATM debit card (BOA) to make a purchase in the uk, they charge a 3% fee. But using a Barclays ATM there's never been any fee at all. I was shocked too
blinkgoddess is offline  
Old Jun 30th 2012, 12:15 pm
  #10  
Forum Regular
 
Joined: Sep 2011
Posts: 72
blinkgoddess is an unknown quantity at this point
Default Re: changing dollars into pounds for holiday home

Originally Posted by Bob View Post
Barclays own a chunk of BoA, so it is one advantage they offer. As the OP banks with HSBC, it might only be useful if HSBC let them use a Barclays cashpoint without charge, but they'd probably end up with a exchange fee.
OP said they could make a Bank of America to HSBC transfer so I assumed they had a BOA account.
blinkgoddess is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.