Budget Tips: Use ATM’s to Get Local Currency – Avoid Currency Exchanges

The cheapest way to get money exchanged in Britain is to just use your ATM card to take money directly out of the ATM (the Brits call them cashpoints).

Currency exchanges are usually a rip-off and have the worst exchange rates so we don’t recommend taking a lot of US Dollars with you to Britain and exchanging them there. Banks get the best inter-market exchange rates and pass that on through the ATM network.

Also, most ATM’s in London are free, so you’ll probably only be charged a withdrawal fee by your bank.

Leave your dollars at home.

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