Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?
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04-24-2008, 05:53 PM
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#1
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Some Money Questions from a New Traveler!
Hey guys! I'm doing a working holiday in London this summer and I've got a few money issues. Bare with me because I've hardly ever been out of the states and I need a little help, please. :D
1) I contacted my bank about using my debit card in the UK and they told me that they do not charge any fee, just the current exchange rate. So, if I use my debit card at a cash point to take out some money, will that cash point charge me a fee? What's the typical fee? Are there certain brands I guess you would call them that charge less (and what are their names if so)? I know here in the states some ATMs charge you more than others.
2) I plan on being in London for three months, but I'm also going to be getting a job and renting a room as soon as possible. The first week or so that I'm there I'll be staying with a friend's parents. In this scenario, how much cash should I bring? And where is the best place to exchange? My bank allows you to order British pounds but their rate to get cash is currently $2.10:1 pound. If I can get a better deal that'd be nice. I've seen some online exchange companies, from like Wells Fargo and such; anyone have any experience with this?
Lots of love to anyone who can provide any help or extra tips!
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"Life is either a daring adventure or nothing." -- Helen Keller
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04-24-2008, 07:47 PM
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#2
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Join Date: Oct 2004
Location: Indiana
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1. HSBC and NatWest from experience do not charge. For the most part none charge best of such competition
2. I never bring cash. I always try to pay for my way into London (for instance the gatwick express or heathrow express) ahead of time. They have ATM's everywhere in London, especially at train terminals. I know Paddington does, can't remember where(although I should, I lived there for 4 months). If you feel like you need pounds, you wouldn't need more than 20gbp if you buy your tickets to get you into london ahead of time like I said.
Also I know the gatwick express runs promotions sometimes. Google "gatwick express coupon codes" sometimes you'll find 2for1 deals.
Good luck!
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US Soccer and Toronto FC Fanatic.
July 23 - Sept 13: Back in Europe! Off to Brest, France for a French language course. Schedule is open before August 7 and after August 28, suggestions?
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04-24-2008, 07:48 PM
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#3
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Join Date: Oct 2004
Location: Indiana
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Best = because. I'm a little tipsy right now haha.
__________________
US Soccer and Toronto FC Fanatic.
July 23 - Sept 13: Back in Europe! Off to Brest, France for a French language course. Schedule is open before August 7 and after August 28, suggestions?
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04-25-2008, 02:19 AM
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#4
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No one regrets traveling
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I booked my Gatwick Express ticket along with my flight on BA.com. They offer 1st class tickets for the same amount as 2nd class, so I went with that and wasn't sure what the difference was. I was really hoping for a complimentary financial times/port/tophat. Oh well.
The current exchange rate is 1.97 so 2.1 isn't a good exchange rate
--Joey
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Countries visited: USA, Netherlands, Norway, France, Switzerland, Germany, Spain (and Gibraltar), Italy, Belgium, Hungary, Austria, Ireland, UK, Japan, Canada , Portugal, Czech Republic, Poland, Andorra, Croatia, Montenegro
Next up: Mongolia, China
"I sought trains; I found passengers" - Paul Theroux
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04-25-2008, 06:11 AM
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#5
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If you take money out from an ATM belonging to a major UK bank (Barclays, Natwest, HSBC and others) then they will not charge a fee for the withdrawal. These machines are usually built into the wall of a bank. Other machines such as the small self-standing ones in shops and pubs usually charge around £1.50-£2.50 per withdrawal.
You will get a much better rate using your ATM card than changing cash. You should get a rate of $2:£1 at the moment with this method.
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Where I've been: Albania, Australia, Belguim, Bosnia and Herzegovina, Brazil, Bulgaria, Cambodia, Canada, Colombia, Croatia, Czech Republic, Denmark, Egypt, Ethiopia, Finland, France, Germany, Greece, Holland, Hungary, India, Indonesia, Iran, Iraq, Ireland, Italy, Japan, Jersey, Jordan, Kosovo, Kyrgyzstan, Laos, Latvia, Lebanon, Macedonia, Malaysia, Mexico, Moldova, Monaco, Morocco, Poland, Portugal, Romania, Russia, Serbia, Seychelles, Singapore, Slovenia, Somaliland, Spain, Sudan, Sweden, Switzerland, Syria, Thailand, Transnistria, Turkey, Turkmenistan, United Arab Emirates, United Kingdom, United States, Ukraine, Uruguay Uzbekistan, Vatican City, Vietnam, Yemen
Where I'm going: Cyprus (June 2013)
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04-25-2008, 06:30 AM
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#6
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Thank you all so much! :D Takes one more weight off my shoulders!
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"Life is either a daring adventure or nothing." -- Helen Keller
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04-25-2008, 06:32 AM
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#7
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Join Date: Oct 2004
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Please keep us updated on the top hat situation. haha
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US Soccer and Toronto FC Fanatic.
July 23 - Sept 13: Back in Europe! Off to Brest, France for a French language course. Schedule is open before August 7 and after August 28, suggestions?
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