How to buy travellers cheques or foreign currency

pthompson

Can anyone advise where best to buy £1000 worth of Euros (in cash)?

I was told that the Post Office is the cheapest as they charge 0% commission, however they're not very transparent on the buy/sell spread -- which is probably where they make their profit -- so it's difficult to compare them with high-street banks, bureaux de change and travel agents.

Thank

Official Insert.

There is now a full article on SENDING MONEY OVERSEAS AND CURRENCY OVERSEAS please read that.

Pal

Why not go round a few places on the high street and ask them all for quotes for how many Euros you will get for your money.

Gaz_2-2

I'm also looking to buy euros soon.
I've been told that Marks and Spencer are very good for buying euros but don't know for definate

Murphy_The_Cat

I know that https://www.travelex.co.uk have a comission free deal on at the moment, but they will be unkeen to exchange for £1000 in cash as they worry about money laundering. However thaty would have no problem doing it via a Switch card, or as several lower value transactions as long as you had ID

MTC
::)

p.s they are offering 1.3584 euros to the Great British Pound at the moment

Paul_Riley_2

I know that https://www.travelex.co.uk have a comission free deal on at the moment,
p.s they are offering 1.3584 euros to the Great British Pound at the moment

My searches found travelex to be one of the better ones.  You'd have to pick it up from one of their outlets (located at major airports / ferry ports).

Alternatively, a very similar rate can be found with International Currency Exchange, they even offer Royal Mail 1st class Special Delivery to your home address.  Their web site can be accessed through the 'travel money' section of webmoney.com

For comparison purposes, I got my Euros from ICE last week at 1.383 when Post Office were offering 1.366

One word of warning for exchanging online...I ended up with 4 x 200Euro notes, each equivalent to £145

zebedy

M&S are doing commission free Euros at the mo but i don't know how their exchange rate compares with banks etc.
I guess you have to shop around to get the best deal

alared

Shop around is the best advice and don`t forget the rate changes daily.No matter when I buy mine the rate always gets better afterwards!
I have noticed that you nearly always get a better rate abroad

Gaz_2-2

Marks and Spencer are the cheapest at the moment and they are commission free.
I watched a program on the other day about the cheapest place to buy euros and M&S were top and the post office second

Galstonian

Don't forget to find out how much it costs to just withdraw the cash from an ATM while in Euroland.

COS

My colleague at work wants to know if its better to change her Euros in France or in England,as she is'nt going until September its alittle early to advise.

Any suggestions would be welcome.

interested_2

Could someone let me know why it is that you can go to three outlets offering commision free and get three different qoutes I was offered 78p a euro and 73p a euro which is a difference of 70euros on £800 And the only explaination i got from the teller was that rates come in daliy and she has to charge what she is told from head office. Well surely there is some kind of charge then, if the rates can be so different.