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Money and Bank Accounts

6 Mar 2008 Geoff C said

Geoff C
Hi All,

I've got a few questions that I'm trying to sort all in one go.

What have you found is the best way to Exchange money? Bank in your Country, Bank in Country you're staying at (1 GBP = $1.3NZ) , Online, etc.
I will be staying in England prior to my Contiki Tour and will have to convert $NZ's to UK Pounds and then to Euro's for my Tour as well. Just wanted to know the easiest way of doing this.


I'm also looking at opening a UK bank account. What are the recommended Banks in the UK to use? Further more, how easy is it to open accounts when not in the UK itself?


What is the best way to make Payments?
i.e Credit Card, Travel Check, Cash etc.
Are money belts effective or would you recommend another way to carry money?

Thanks!
  • 6 Mar 2008 PinaI said

    PinaI

    I would exchange a small amount before you leave home at Travellex or Thomas Cook or wherever (even the airport if you have to). Around London (and Europe) just withdraw funds as you go from ATM’s with your credit/debit card, there are plenty of ATM’s around so you won’t have a problem finding one. Change Euro’s in London before you start your tour, no point carrying lots of money around if you don’t have to.

    Travellers Cheques are useless, don’t bother. Make big payments with your credit/debit card and carry a few hundred dollars to buy smaller things. I kept the bulk of my money safely tucked away in my bag and kept about $50 in my pocket for small purchases during the day so I wasn’t constantly opening my wallet in front of others.

    Money-belts are a personal choice. I have never used one. I always just use my normal wallet/bag.

    Check out these sites for opening an account:
    http://www.workgateways.com/working-uk-banking.html
    http://www.travelex.com/au/personal/needaukbank.asp?content=nu
    http://www.statravel.com.au/cps/rde/xchg/au_division_we…nal_bank_account.htm
    http://www.hsbc.co.uk/1/2/personal/current-accounts/passport

  • 9 Mar 2008 Geoff C said

    Geoff C

    Hey guys,
    Thanks for your advice. I’ve gone through my bank account who are going to open up a HSBC account for me in the UK.
    I’ll get a debit card off them and use that around England.

    The only catch is I’m flying into Newcastle but I’ve got to be in London to activate my bank account..

    Do UK Debit Cards work in Europe…?

  • 10 Mar 2008 Carli said

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    i was told i could go into any hsbc to open my account. i would check on that, its a bit of a ways to travel into london just for a bank account!!

    also try
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  • 10 Mar 2008 Carli said

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    oh and i forgot to mention

    http://www.cashpassport.com.au/

  • 10 Mar 2008 slock31 said

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    Ive just found this choice article on credit cards exchange rates:

    http://www.choice.com.au/viewArticle.aspx?id=105659&cat…reign+currency+gouge

    I just thought it was interesting and relevant.

  • 10 Mar 2008 slock31 said

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