I have dollars notes - what's the best way to convert those into pounds

bigpappa

Over the years travelling I have collected dollars and over time its added up to a thousand dollars - now whats the best way to convert those into pounds? It's in notes. I want to reduce the cost of transaction fees as much as possible.

wmb194

bigpappa said:

Over the years travelling I have collected dollars and over time its added up to a thousand dollars - now whats the best way to convert those into pounds? It's in notes. I want to reduce the cost of transaction fees as much as possible.

Last week where was a thread on this:

https://forums.moneysavingexpert.com/discussion/6445222/depositing-usd-cash-in-a-usd-wise-account-in-uk 

HSBC's currency account combined with its GMA account might be the best.

Barclays also has a currency account which allows USD note deposits but I'm not sure where you go from there.

aaj123

bigpappa said:

Over the years travelling I have collected dollars and over time its added up to a thousand dollars - now whats the best way to convert those into pounds? It's in notes. I want to reduce the cost of transaction fees as much as possible.

A grand worth isn't a large amount. I say the best way is to get some good advance rates from regular exchange shops and collect your sterling from there. MSE has a nice tool for searching for the best quotes.

https://travelmoney.moneysavingexpert.com/?_ga=2.29261692.1172221063.1684136128-456632706.1675184558&_gl=1*3czpk8*_ga*NDU2NjMyNzA2LjE2NzUxODQ1NTg.*_ga_X74CWQS9F0*MTY4NDEzNjEyNy40OS4xLjE2ODQxNDM4NDIuMzQuMC4w

Albermarle

Just use a normal currency exchange provider. As above check around. 
Some give you a good rate but charge a commission and some give your a reduced rate with no commission. Some do both !
From a recent transaction you should be able to keep the take down to 3% ish, but can be a LOT more.

bigpappa

aaj123 said:

bigpappa said:

Over the years travelling I have collected dollars and over time its added up to a thousand dollars - now whats the best way to convert those into pounds? It's in notes. I want to reduce the cost of transaction fees as much as possible.

A grand worth isn't a large amount. I say the best way is to get some good advance rates from regular exchange shops and collect your sterling from there. MSE has a nice tool for searching for the best quotes.

https://travelmoney.moneysavingexpert.com/?_ga=2.29261692.1172221063.1684136128-456632706.1675184558&_gl=1*3czpk8*_ga*NDU2NjMyNzA2LjE2NzUxODQ1NTg.*_ga_X74CWQS9F0*MTY4NDEzNjEyNy40OS4xLjE2ODQxNDM4NDIuMzQuMC4w

I have just checked with the wife it's $5k in dollars, so more than I thought. 

aaj123

bigpappa said:

aaj123 said:

bigpappa said:

Over the years travelling I have collected dollars and over time its added up to a thousand dollars - now whats the best way to convert those into pounds? It's in notes. I want to reduce the cost of transaction fees as much as possible.

A grand worth isn't a large amount. I say the best way is to get some good advance rates from regular exchange shops and collect your sterling from there. MSE has a nice tool for searching for the best quotes.

https://travelmoney.moneysavingexpert.com/?_ga=2.29261692.1172221063.1684136128-456632706.1675184558&_gl=1*3czpk8*_ga*NDU2NjMyNzA2LjE2NzUxODQ1NTg.*_ga_X74CWQS9F0*MTY4NDEzNjEyNy40OS4xLjE2ODQxNDM4NDIuMzQuMC4w

I have just checked with the wife it's $5k in dollars, so more than I thought. 

Just do a grand at a time maybe and at a different provider each time.