![]() ![]() Up till now, after some hassling, the manager has come over, credit the fraudulent charge and run the charge properly.īut remember when you use cash, you are paying 8 or 9% + other fees above the interbank rate. I refuse to fall into their trap.dcc without giving you the choice is fraud as the clerk must indicate on the terminal that you wish to accept dcc. When the bill comes, contest it with the bank saying you were not given the choice. If all this fails simply write on the charge slip DCC rejected, circle the amount in local currency and sign the slip. If they still say no, you demand to see the manager. You tell them to void the transaction and re do it properly. Or it's done automatically by the terminal and we can't control it. They are trained to lie with such statements as of course you're been billed in local currency we are just showing you the US dollar amount as an approximation. You tell them in no uncertain terms that they have just violated the rules of the credit card company by not offering you the choice of paying in local currency. This is discussed on other threads about the near criminal dcc activity. Ask your bank how much they rip you off to use your ATM in a foreign ATM, it should be $0 but some banks charge as much as $5 with many about $2.get a bank which charges the proper fee for accessing your money which is $0. The British banks, for the msot part, won't charge you. Make sure you are not using a bank which charges for withdrawing from an ATM. Small amounts of cash to supplement as needed from ATM's. credit cards everywhere they are taken and they are taken most everywhere.Ģ. Why wouldn't it be safe to use credit cards on British Rail? Don't understand that question.ġ. ![]() You can read other threads as to what to do if they try to pull this near criminal activity on you. Pubs don't take credit cards for drinks at the bar but many do for food, some fast food chains don't take credit cards but that's changing (as it is in the US).most internet cafes don't take credit cards, convenience stores usually don't take credit cards to buy odds and ends but groceries do.Īlthough it's not a big problem in London yet, make sure that on the credit card slip they ask you to sign you do not see an equivalent amount in US dollars they are trying to rip you off with a scam called dynamic currency conversion or dcc. BTW most museums in London are free now so you don't need credit cards for admission. Use credit cards everywhere they are taken and they are taken almost everywhere. Upon arrival at Heathrow pull cash from an ATM. The only way to travel in the 21st century is:ġ. Somebody said not to use credit cards as the banks charge largest fee is about 3% above interbank rate.guess what, the best you will ever get for exchanging cash is 8 or 9% above interbank and on top of that many exchanges charge fees on top of that. You’ll need to bring a form of identification, such as a passport.The misinformation that abounds on these boards is amazing. Visit the post office: In the U.K., most post office branches have a counter where you can exchange funds.Most banking apps have a locator you can use to find your nearest option. Use your bank’s ATM abroad for withdrawals where possible: If you need more money while you’re away, try to use an in-network ATM to reduce fees.While CXI doesn’t charge a specific exchange fee, you will need to pay up to $30 USD for overnight shipping. Order currency online: If your home bank doesn’t allow for online orders, you can use a third-party like Currency Exchange International (CXI) to have currency shipped to your door.However, a shipping fee of $7.50 USD applies to orders worth less than $1,000 USD. For example, Bank of America does not charge its account holders an exchange fee. Since you have an existing relationship, it’ll offer a competitive exchange rate with the fewest fees. Exchange at a bank or credit union before your trip: Exchanging currency at your local bank or credit union before your trip is likely the most affordable way to get the money you need.Related: USD To GBP Forecast How to Buy Pounds (GBP) Individual merchants may also charge additional fees if you ask them to convert a price into your home currency at checkout. ![]() Keep in mind that these calculators don’t account for some of the fees that come along with exchanging funds.įor example, most credit card processing companies and ATM networks will charge a 1% conversion fee on all foreign transactions. Since exchange rates change often, using a currency conversion calculator is a great way to ensure you’re getting an accurate estimate. dollars to pounds is fairly straightforward. ![]()
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