US ($) Currency Thread 1 (closed - use thread 2)

jmt

I'm off to Florida in 33 days (not counting honestly!) so although I have just opened a Nationwide Flex account, I think $2to £1 is a good bet, so I hope my local branch in Blaby will be doing this deal.

dzug

jmt wrote: »

I'm off to Florida in 33 days (not counting honestly!) so although I have just opened a Nationwide Flex account, I think $2to £1 is a good bet, so I hope my local branch in Blaby will be doing this deal.

Sorry what deal?

Nationwide are good (the best) for debit and credit card use abroad.

They are average for purchase of foreign cash in this country

martihog99

Hi I bought some US$ cash some time ago and then ended up not going on holiday. How can I avoid the difference in rates between buying and selling?
I got pretty much $2 to £1 at the time and only want to break even. Is there anything stopping me from putting an advert up locally and selling them privately, or is this illegal? If I have to sell them via the bank I stand to lose over £100! I have quite a substantial amount.

[Deleted User]

Your best bet is to find friends or relatives going to the US. Perhaps they will buy them off you. I would be careful selling your dollars through an ad, though I hardly think that's illegal.

stoneman

PM me, I may be able to do a deal

dmg24

stoneman, you know better than that. You can't do 'deals' on here.

stoneman

dmg24 wrote: »

stoneman, you know better than that. You can't do 'deals' on here.

Worth a try:rolleyes:

dmg24

So how about deleting your post?

You wouldn't really be silly enough to buy from a complete stranger would you?!

charlottetractor

Ok, judging by what I've read people get fed up with people asking the same questions again and again on here so I've tried reading previous posts but I know naff all about money so I need someone to explain this simply for me...
Am going to Las Vegas for 5 nights in March. I will spend about $900 dollars while there (around 500quid which I've saved). What is the best way for me to use this money? Do I buy dollars in advance in the UK? If so, from who? Or do I use a card in the US? I've got credit cards with Abbey Nat, HSBC and the Post Office, and " current accounts. Not the Nationwide one mentioned so often though. Or do I mix and match, make card purchases most of the time but have dollars for cash purchases rather than having to withdraw cash over there? Sorry for the many, many questions!

Consider me confused by interest rates etc, the simpler the explanation the better!

dzug

Use the Post Office credit card for purchases - it will charge you no fee and give you the best exchange rate available. Don't use it in a casino - 'purchase' of gambling is a cash advance and attracts a fee and interest.

For cash it's a bit more complex - unless you can get $$ cheaply here (M&S, maybe, Travelex advance order**) the costs of using either of your debit cards in an ATM in the US are going to be roughly the same in fees as the loss on the exchange rate at an average BdeC here (eg Post Office) - provided you take out large sums ($200 plus) at a time

**Use your HSBC card for Travelex not your Abbey one - the latter will charge you

Edit:
??? the post I thought I was replying to seems to have disappeared...... To delete or not to delete, that is the question.