Studying abroad anywhere is going to require you to change currencies. There are a number of different ways you can do this. The catch is trying to find the place that does it the cheapest, keeping in mind current exchange rates. Here are a few places co-eds can go to trade in one currency for another:
- Bureau de Change/ Post Office: These tend are scattered all over England and many offer their services free from commission fees. Always make sure you are getting the right price however, by asking whoever is exchanging your money how many euros, pounds, etc. you are receiving.
- Online: If you are not in England yet or you are studying abroad elsewhere, you can use online currency converters such as: World First or Travelex. The online currency converters can either convert money from a bank, issue you notes, or a prepaid card loaded with the foreign currency.
- Banks: Many American banks can order different currencies for you. A majority of them require you to have an account with them in order to do this, but if you go to your own bank then you should have no problem. Bank of America and HSBC definitely can do this exchange for their customers.
- ATMs: Again with HSBC and Bank of America, they have international branches or partnerships with international banks that enable you to use your ATM card and receive foreign currency. They do this exchange based on the current exchange rate. It is fast and efficient way to get the money you need when you need it.
For more savvy tips when it comes to studying abroad, check out this fresh article by intern Tariro: 6 Mistakes Study Abroad Students Make.