Money exchange question

IpreDictDeatH

Is it cheaper to exchange money in one go at an irish bank before you go or to use your ATM in London to get sterling cash?

coylemj

If you have a credit card, shove the money into the a/c and put it in credit, then withdraw the cash at an ATM in the UK. That will avoid charges of any kind and get you a decent FX rate.

If you don't have a credit card then withdrawing from an ATM in the UK will get you a better exchange rate but there will be some kind of charge and better to take out what you need in big chunks rather than small amounts as some of the withdrawals may attract a fixed charge.

The UK has adopted the US model of sticking ATMs everywhere as money earners so try to avoid them in off-licences, McDonalds and the like, best stick to machines embedded in the wall of high street bank branches.

P. Breathnach

coylemj wrote: »

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The UK has adopted the US model of sticking ATMs everyone as money earners so try to avoid them in off-licences, McDonalds and the like, best stick to machines embedded in the wall of high street bank branches.

And try to use them during banking hours so that if there is a mishap and the machine swallows your card, you can go in and talk to somebody.