liverbird
18th Feb 2004, 06:49
Since the £ is strong against the $, could anyone give me some strong advice on buying large amounts off US $, with out being hit with large costs.
Crepello
18th Feb 2004, 14:49
You might want to approach your bank over this.
International inter-account transfers generally get a better exchange rate than cash forex, at lower fees. Obviously, there's a catch - you need [access to] an account in each currency.
Most British majors offer USD accounts to UK residents. You won't earn interest and you'll pay charges, but they can be worth a look.
It's useful to do some research online - few retail bank staff specialise in this area. Visit your bank's homepage and head for the international section.
:ok: