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  • I've got a few hundred USD in an envelope, what's the best way to convert them into pounds?
    Should I just pay them into my bank and suck up the exchange cost or is there a better option?

  • I'd imagine a bank will have a better exchange rate than most. Almost certainly better than a separate forex high street shop

  • Not always. There’s a forex place near Farringdon that had better rates than my high street bank, a couple of years back.

  • Most retail banks make their money on the exchange rate, not fees, so choose carefully if you do go down the bank option, as the rate you'll get from them won't be particularly competitive.

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