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Money - organising it

Travel Forums North America Money - organising it

1. Posted by Wanderer33 (Budding Member 7 posts) 9y

I'm from the UK and have a US dollar savings account. Unfortunately I can't access the dollars from the US!

As I'll want access to the money from the US when I go travelling, my question is, as a UK citizen - does anyone know whether there is a cheap and easy way for me to transfer my dollars into some kind of US account so that I won't lose out on the exchange rate (ie I'll be transferring my dollars to dollars - just to another account)?

Many thanks.

2. Posted by HafJafMark (Respected Member 291 posts) 9y

Best bet is to open a Nationwide flexi account in the UK. They dont charge you for withdrawing abroad (though the banks who own the bank machines may do).

I found this is the cheapest way if you are visiting many countries, but if you are staying in one you may wish to open a local account, though the transfer fee will probably be fairly hefty.

3. Posted by Wanderer33 (Budding Member 7 posts) 9y

Quoting HafJafMark

Best bet is to open a Nationwide flexi account in the UK. They dont charge you for withdrawing abroad (though the banks who own the bank machines may do).

I found this is the cheapest way if you are visiting many countries, but if you are staying in one you may wish to open a local account, though the transfer fee will probably be fairly hefty.

Thanks for your response : )

Yes - you're right - I'm fully aware of Nationwide's widely touted non-charges for foreign withdrawals which is the simplest and easiest by far - I can completely agree on that!

However, for me, I'm getting a better rate of exchange elsewhere (no fees) on the dollar, so in this respect, its better than having a Nationwide Flexi account - except that I can't physically get my hands on the dollars (its a dollar savings account only)!

So now I just need to be able to transfer my dollars to a US debit card account or something that'll allow me to make withdrawals and payments in dollars.

But as you said - for everything else, Nationwide's Flexi account is the best.