If you’re planning to get away to Britain, you’ll need to exchange your US dollars for pounds. Avoid the fees by planning ahead and avoiding emergency exchanges at the airport. Find the best, cheapest way to get pounds in the US.
Author
Frank Day
5 minutes
March 14th, 2025
Disclosure
To get British pounds in the US, options include multi-currency accounts (Wise or Revolut) which allow you to exchange and store GBP at low fees, and prepaid travel cards for convenience. Avoid costly exchanges at airports or tourist areas.
Best places to get pounds in the USA
Before you buy your pounds, you should make sure you’re getting the best deal. To save money, consider using cheaper ways to exchange currencies, such as opening a multi-currency account.
Best way to save on fees - Wise and Revolut multi-currency accounts
Best alternative - Prepaid travel cards
Most overrated - Local banks and credit unions
Best for emergencies - Banks and ATMs abroad
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Open a multi-currency account
The best and cheapest way to exchange your dollars for British pounds is through multi-currency accounts. With the right service, you can open an account, purchase the amount of pounds you need, and store them in your account.
Wise and Revolut offer the best multi-currency accounts in 2025. You can open an account online. Exchange the pounds you need and save them for your vacation.
Please share your experience with Wise
Would you recommend Wise?
Comments
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc.
If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
No, I don't recommend
14th February 2025
Anonymous
Can't receive money from php to idr so far
I'm not sure
24th January 2025
sudheir
They don't allow transfer to Brokerage firms from India
No, I don't recommend
13th January 2025
Anonymous
Good app to transfer money
Yes, I recommend
13th January 2025
Anonymous
I didn't find Cuba on your list.
No, I don't recommend
29th December 2024
Anonymous
cuba not work
No, I don't recommend
22nd December 2024
Nina
I made a transfer to a Canadian company 1.5 months ago, and the funds have not yet been received. After multiple emails, Wise insists that the money was paid out. However, I have received an official statement from the recipient’s bank confirming that the money has not been received. Wise's complaints department sent me a final letter stating that, according to their records, the funds were paid out.
Additionally, Wise states the following in their Customer Agreement regarding their responsibility for losses: Quote from Wise's Terms: "Our Customer Agreement also explains our responsibility for losses in Section 29: 29.1 Unforeseeable loss or damage. We are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your sign-up process. 29.9 We are not liable for things which are outside of our control. We (and our affiliates) cannot be liable for our inability to deliver or delay because of things which are outside our control."
Despite these terms, Wise has not been able to resolve this issue, and the money has still not been delivered as promised.
I find it irresponsible that Wise does not conduct any investigations into the matter. The Canadian bank associated with Wise is unable to provide any information, as everything goes through Wise. Wise must be capable of tracking the funds and providing precise details about where exactly the money is, who received it, and to which bank account it was deposited.
I would advise everyone to be cautious when transferring large sums of money with Wise. They are not capable of executing a secure money transfer!
No, I don't recommend
8th December 2024
Shengjie Yin
good and perfect
Yes, I recommend
2nd December 2024
Tristan
Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business I am sharing my experience with Wise to warn fellow business owners about the serious risks and unacceptable practices you may encounter if you choose to use their services. My business, is a legally registered travel agency in the UK, and I relied on Wise to manage payments for my photography and cultural tours, primarily in South America. Things took a turn for the worse when Wise froze my account and accused my business of violating their Acceptable Use Policy, citing my once-a-year humanitarian trip to Cuba. Despite explaining multiple times that: No Cuba-related transactions were ever processed through Wise (I use a separate European bank for this purpose), My tours comply with the “Support for Cuban People” category authorized by OFAC, designed to help Cuban citizens outside state control, Wise completely ignored the facts. Their customer support team responded with automated messages, refused to engage in any meaningful dialogue, and even lied, claiming they didn't monitor my emails—despite clear evidence to the contrary. After days of chasing them and providing thorough documentation, they chose to close my account without justification.
The Consequences: Wise left my business in chaos, disrupting essential transactions and client arrangements. Their rigid policies align with sanctions widely condemned by the global community, and in doing so, they indirectly support humanitarian suffering. The Bottom Line: Wise is unreliable, unresponsive, and unethical. If your business has any complexity or humanitarian focus, beware: Wise will shut you down without notice or explanation, and customer support will abandon you. Their actions have serious real-world consequences.
Avoid Wise if you value your business stability or require ethical and accountable financial services. There are far better alternatives out there that won’t put your livelihood at risk Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business
No, I don't recommend
14th November 2024
Anonymous
I have been a customer for a few years. Yes I love the instant deposits as I make around $1K. However as many non US entities Wise uses a bank out of New York. Therefore the TRANSFER and DEPOSIT from an account transfer can take 4 to 6 days. What this means is that you will not able to make another ACH transfer during this time. This is frustrating if you have to make a follow up transfer in a few days. All in all don't plan to make more than 4 transfer in a month because it may not fo through, Not sure if other transfer companies operate the same way but I am about to find out as I will try Revolute. Bottom linw will require you to use ANOTHER payment method like credit card or some other method. Understand this: YOU MAY HAVE THE MONEY IN YOUR ACCOUNT but they WILL NOT TRY TO VERIFY IT WITHIN THE THE PERIOD IT WILL TAKE THEM TO DEPOSIT IT IN YOUR ACCOUNT. To add insult to injury I called in and the agent siad that they can see that they got paid but the computer takes time to update/reconcille I guess! It is a slow system!
I'm not sure
7th November 2024
Showing 10 out of 18 reviews
Wise
The Wise multi-currency account lets you purchase pounds and hold them ready to spend. You’re charged the mid-market exchange rate with a fixed fee, and you can order the Wise payment card for a one-time fee of $9.
If you have enough pounds in your account, you can use the card to make payments in the UK without paying any fees for foreign transactions. You can also download the card to send money through Google Wallet or Apple Pay for easy mobile payments.
Does not support transactions for people resident in algeria
I'm not sure
23rd November 2024
Gigani
Excellent service
Yes, I recommend
15th November 2024
Eric
Does not support transactions for people resident in Indonesia
No, I don't recommend
28th October 2024
Anonymous
Excellent
Yes, I recommend
19th October 2024
František
I have had Revolut for a long time and I can recommend, the best app for me
Note: Translated from "Revolut už mám dlouho a můžu doporučit za mě nejlepší aplikace"
Yes, I recommend
9th October 2024
Anonymous
I haven't been able to set up. it won't resend the codes
I'm not sure
3rd September 2024
Showing 7 out of 7 reviews
Revolut
Revolut can store up to 28 different currencies in an account at once. Exchange the amount of pounds you’ll need for your holiday and they’ll be ready to spend when you arrive. Revolut also has a free card allowing you to spend like a local in the UK, provided you gave enough pounds in your account.
Tip: Exchange money with Revolut during the week for the best deal, as they add a 1% markup to the exchange rate at weekends.
Travel money cards are a good way to exchange dollars for pounds, although they can be more expensive than multi-currency accounts. Some cards, like Currensea, link directly to your bank account and deduct payments as you make them. Multi-currency accounts are usually cheaper for money transfers and conversions because they cost less than making multiple exchanges before your holiday.
Alternatively, prepaid travel cards are available, which you can preload with the amount of pounds you’ll need before you travel. Companies like Mastercard offer prepaid travel money cards so you can save on exchange fees by making a single payment.
Use local banks and credit unions
Local banks are often used to exchange money, but they don’t offer the best exchange rate. You’ll find a better deal from multi-currency accounts. Many banks and credit unions claim ‘fee free’ exchanges, but they're often still costly due to higher exchange rates.
Use a foreign currency exchange
Foreign currency exchanges are popular for exchanging money, but they usually charge higher rates than banks. As we explained earlier, a cheaper way of getting pounds is through a multi-currency account.
Tip: Check the exchange rate before you buy
A good way to make sure you’re getting a good deal is to check the current exchange rate before making the purchase. If the current exchange rate is much lower than the one being offered by your bank, you’ll probably find cheaper options elsewhere.
It’s always better to plan ahead and exchange your money before you travel. Last minute exchanges at the airport or in tourist hotspots are very expensive. Here are some of the places to avoid when buying British pounds.
Currency Exchange at the Airport
Airports have a high exchange rate, so they're not ideal for converting dollars to pounds. Condé Nast Traveler says airport currency exchanges charge fees of $5 to $15, and the exchange rate is usually 7% to 15% higher than the mid-market rate.
Airport exchanges for free? Not quite!
Airports may advertise free currency exchanges, but these don't include the huge markups they add to their exchanges. Most airport exchange rates are between 7% and 15% higher than the usual bank rate.
Foreign currency exchanges in tourist-dense areas
Lots of tourists that don’t prepare in advance find they need to exchange money quickly. This is why currency exchanges in tourist dense areas can charge high fees and high markups on exchange rates. If you need pounds, try to exchange your money before you travel to avoid getting caught by high fees.
Visiting banks abroad
Foreign banks can exchange currency for you, but they usually charge a fee and have high exchange rates. Some banks may also charge for helping non-account holders, so it’s best to avoid this wherever possible.
Exchanging US dollars for British pounds - better deals are out there for those that plan
When you go to the UK, you’ll need to have some British pounds in the bank. If you open a multi-currency account before you travel, you can exchange the money for a low fee and spend without worries when you get to the UK.
Before you transfer your dollars into pesos, you need to understand the different ways you can exchange to make sure you get the best deal. The easiest and cheapest way to purchase and use pesos is by opening a multi-currency account.
Before exchanging your dollars for Japanese yen, you should check the different ways you can buy them to make sure you get the best deal. Multi-currency accounts are the cheapest and most convenient way to get Japanese yen and spend them overseas.
To find the best place to get euros in the US, you need to understand the various options available to you. Smart travelers who want to save money and time prefer the multi-currency account instead of going to banks or using airport currency exchanges.
Before exchanging your American dollars for Canadian dollars, you should make sure you’re getting the best deal. Exchanging dollars using traditional methods can be costly. But using online multi-currency accounts is easier and cheaper for spending money abroad.
What’s the best place to get British pounds before traveling?
A multi-currency account is the best way to get British pounds. Wise and Revolut have excellent multi-currency accounts. If you have sufficient pounds in your account, you can use their cards in the UK without any charges.
What’s the best place to get British pounds after traveling?
If you're in the UK without a multi-currency account, it's best to use your regular debit card.
Check your high street bank’s foreign transaction fees to make sure you’re not going to be charged too much in fees. Avoid exchanging at the airport - the USD/GBP exchange rates will be very high.
Should I buy British pounds when I get to the airport?
No, exchanging currency at the airport is costly. If you've already traveled, it's probably cheaper to use your bank debit card instead.
Despite this, it’s a good idea to plan ahead and open a multi-currency account before you travel, to save on any additional costs when you arrive.
What else do I need to travel to the UK?
Before you travel to the UK, make sure you’ve thought about the following:
Make sure your passport is valid and in-date
In the UK, you drive on the left hand side of the road
The British National Health System is only accessible to UK residents, certain EU nationals, and some Visa holders. Check your medical insurance policy covers you overseas
The US Post Office can transfer money internationally for you, but it doesn’t sell foreign currency. You’ll need to get pounds somewhere else, like a neobank with a multi-currency account, or a travel money card.
Can you get British pounds from US banks?
Popular US banks such as Wells Fargo, JPMorgan, Chase, Bank of America, and Citibank can exchange British pounds for you. However, they might charge a fee and a higher exchange rate than the mid-market rate. To get a better deal, you should open a multi-currency account, or purchase a travel money card.
How far in advance should I buy British pounds for my trip?
It's generally recommended to purchase pounds 1-2 months before your trip if you’re using a multi-currency account like Wise or Revolut. This gives time for the cards to arrive. If you’re using a prepaid travel card, 1-2 weeks in advance is sufficient.
What is the best way to pay when I'm in the UK?
Using a multi-currency debit card like the ones issued by Wise or Revolut to pay directly in pounds is the most cost effective way to pay. You can also withdraw British pounds from an ATM using these cards. Avoid paying in US dollars if possible - you'll get a poor exchange rate.
How much cash in British pounds should I take?
Take enough for the first few days before getting more from an ATM. Many places accept cards now, so cash is less necessary. It’s a good idea to take no more than a quarter of your weekly budget in cash.
For your holiday budget, work out your budget in US dollars, then use our currency converter to find out how many pounds you’ll need.
Should I keep receipts for currency exchanges in the UK?
Yes, keep any receipts for currency exchanges and withdrawals. This helps you reconcile your accounts later.
Are there fees for using my card in the UK?
With a multi-currency account, debit transactions in British pounds are usually free. There may be a small fee for ATM withdrawals after a certain number. Check your card's fee schedule.
How do I check the exchange rate I'm getting for USD/GBP?
Apps like Wise and Revolut show the live exchange rate. For other exchanges, ask the teller for the rate and compare it to online sources. Avoid places that won't disclose the rate.
What's the best way to exchange any leftover British pounds?
You can exchange back to US dollars and deposit them to your US account if you have a multi-currency card. Otherwise, keep the currency as a souvenir or for your next trip. Exchanging pounds back to dollars will often lose you more money in exchange rates.
Before you transfer your dollars into pesos, you need to understand the different ways you can exchange to make sure you get the best deal. The easiest and cheapest way to purchase and use pesos is by opening a multi-currency account.
Before exchanging your dollars for Japanese yen, you should check the different ways you can buy them to make sure you get the best deal. Multi-currency accounts are the cheapest and most convenient way to get Japanese yen and spend them overseas.
To find the best place to get euros in the US, you need to understand the various options available to you. Smart travelers who want to save money and time prefer the multi-currency account instead of going to banks or using airport currency exchanges.
Before exchanging your American dollars for Canadian dollars, you should make sure you’re getting the best deal. Exchanging dollars using traditional methods can be costly. But using online multi-currency accounts is easier and cheaper for spending money abroad.
Based in London, Frank is a dedicated writer and editor specializing in personal finance, boasting over five years of experience in the field. Frank's professional journey began in the pensions industry, where he developed a keen expertise in this area. He has crafted content for notable organizations like the Teachers’ Pension Scheme, the Environment Agency, and Direct Line.
Based in London, Frank is a dedicated writer and editor specializing in personal finance, boasting over five years of experience in the field. Frank's professional journey began in the pensions industry, where he developed a keen expertise in this area. He has crafted content for notable organizations like the Teachers’ Pension Scheme, the Environment Agency, and Direct Line.