View travel money companies: A to Z listing
A comprehensive list of travel money companies to exchange money in the UK.
Which bank is best for currency exchange?
A bureau de change is not the only place where you can exchange foreign currency. Several of the UK’s high street banks also offer this service, although not necessarily in all of their branches. Some international banks, such as HSBC and Citibank also allow you to make free cash withdrawals from your international bank account using their ATMs.
The exchange rates on offer tend to change at least daily, but high street bank rates are rarely as good as those on offer from the most competitive bureaux de change.
How do I get the best exchange rate?
To get the best exchange rate, you’ll need to shop around, as rates are changing all the time. You can shop around by comparing the exchange rates of nearby bureaux de change, either in-branch or over the phone.
Alternatively, there are several websites that will perform this service for you, and recommend the best place to change currencies.
Below, we have listed some general tips to help ensure you get the best exchange rate.
- Avoid currency conversation at the airport. The rates are nearly always worse than anywhere else.
- Order your foreign currency online. Several bureaux de change offer better rates if you buy currency online. You can choose to pick up your currency or have it delivered. Either way though, you’ll need to give your provider time to arrange your order.
- Avoid using your credit card to buy foreign currency. Your credit card provider will typically treat this as a cash withdrawal and apply a host of instant fees.
Is it better to withdraw cash abroad or exchange it before?
Some pre-paid cards, debit cards and credit cards allow you to withdraw cash abroad without paying any additional fees to do so. Provided you own one of these cards, you needn’t bulk at the prospect of doing so.
In most cases, your exchange rate when you do this will be based on the mid-market rate. This is the midpoint between the buy and sell rates from global markets. As such, it’s a very fair rate.
Having said that, it is possible to find a better rate by shopping around for the best rates from a bureau de change.
More guides on Finder
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to Bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
Monzo review: Is it worth it?
Is Monzo’s app-only current account the right option for you? Read our review to get the low-down on all of the features of the account, its card and the app.
Citibank Citigold current account review
If you’re a keen traveller, find out whether the Citibank Citigold account is right for you.
Barclays Premier current account review
Find out whether the Barclays Premier current account could be right for you.
How to get free stocks and shares in the UK
Find out which platforms are offering free stocks and shares for new customers in the UK.
Kurix Health review: Private COVID-19 testing for travel
Planning a foreign holiday? Find out what tests Kurix Health offers for travel plus what customers think.
Review: Kriptomat cryptocurrency exchange
Discover the features available on the EU-focused Kriptomat cryptocurrency exchange, how to get started and what cryptocurrency investor the exchange is best suited for.
Scottish Friendly review
Scottish Friendly is a mutual organisation in the UK that offers ISAs and investment bonds. Read our review to find out what we think of Scottish Friendly and how much it costs.
Ethereum (ETH) price prediction 2021
What affects the value of Ethereum (ETH) and how might the price of ETH fluctuate in the year ahead? Find out in this comprehensive guide.
Compare international money transfers for your business
Find the most convenient and cost effective way to transfer your businesses money internationally. Compare money services to get the best exchange rates and low fees.