Best Places to Buy British Pounds in the USA [2024] (2024)

How to get British pounds in the US

There are a few different ways to get British pounds in the US, so you can pick the method that suits you best. Each service will have its own process, so whichever way you choose, you’ll want to check directly with the provider you choose to make sure you know exactly what’s required to get your GBP conveniently and without unnecessary delays.

Usually if you plan to get foreign currency cash through a bank or a specialist travel money service, you’ll need to visit a branch or agent location, and take along your USD in cash, or a card to pay for your British pounds. Assuming the bank or currency exchange office you visit has enough GBP in stock, you’ll be able to take away your travel money instantly.

However, picking up your British pounds in person is not necessarily the most convenient choice. In many cases, you’ll also have the option to arrange your GBP online, which means you can get everything organised without needing to take extra time out of your day to go to the bank.

How to buy British pounds online

Often buying foreign currency online is more convenient than visiting a branch in person. One great option is to sign up for a multi-currency account with a linked card which lets you manage your account digitally and make cash withdrawals. Specialist non-bank providers like Wise and Revolut both offer convenient ways to hold, exchange and spend in a broad selection of foreign currencies, with easy to manage accounts you can access from your phone.

To buy British pounds online with a specialist provider that offers multi-currency accounts or travel cards, you’ll usually need to:

  • Head to the provider’s website or download their app
  • Hit Sign Up, add your personal details and create a password
  • Get verified by uploading images of your ID documents - you might also need a proof of address
  • Add some money to your account in USD, for spending later

Depending on the provider you pick, you can order a linked international debit card to spend while you’re away, or you can convert to the currency you need to make online payments. Some providers can issue you a virtual card instantly for online spending, and once you have your physical card you can withdraw cash as you travel for convenience.

Go to WiseGo to Revolut

How to get British pounds in cash in the US

If you’re keen to have travel money in your pocket before you leave the US, you can also choose to order cash in British pounds online and either collect it or have it delivered to your home address. That can be a convenient option, and gives you the reassurance that you’ll have access to GBP even before you travel.

To buy British pounds for cash spending with an online money exchange service, you’ll usually need to:

  • Visit the provider’s website, and place an order for your currency
  • Decide if you want to have your money delivered, or collect your cash at an agent location
  • Make payment for your foreign currency in USD
  • When you collect your cash, or when it’s delivered you’ll need to show a valid ID document
Best Places to Buy British Pounds in the USA [2024] (2024)

FAQs

Best Places to Buy British Pounds in the USA [2024]? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Where is the best place to exchange U.S. dollars for British pounds? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

What is the cheapest way to buy British pounds? ›

The cheapest way to buy British pounds in the US is usually online. You'll have a couple of options, depending on what suits your needs: Choose a specialist provider which has multi-currency accounts to support international spending - like Wise or Revolut.

Will pound get stronger in 2024? ›

The pound is also likely to remain strong in 2024, putting the cost of UK education out of reach for a significant share of international students.” Indeed, the pound is outperforming 92% of world currencies this year based on a stronger than expected economy.

What is the cheapest way to convert dollars to GBP? ›

Exchange at a bank or credit union before your trip: Exchanging currency at your local bank or credit union before your trip is likely the most affordable way to get the money you need.

How to avoid currency conversion fees? ›

3 tips to avoid foreign transaction fees
  1. Get a no-foreign-transaction-fee credit card. Though most credit cards do charge foreign transaction fees, there are a number that don't. ...
  2. Use a debit/checking account with no foreign transaction fees. ...
  3. Pay in the local currency.

Should I exchange money before I travel? ›

Before your trip, it's best to do a currency exchange at your bank or credit union, which likely offers better rates and fewer and/or lower fees. Your bank or credit union may buy back leftover foreign currency in exchange for dollars when you return.

Should I get pounds before I go to London? ›

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Which bank is best for currency exchange? ›

Top Banks That Exchange Foreign Currencies
  • TD Bank: TD Bank offers 55 different currencies. ...
  • Service Federal Credit Union: The number of currencies available for customers at Service Credit Union exceeds 60. ...
  • US Bank: Customers of US Bank can exchange money at a nearby branch.

Where best to change dollars to pounds? ›

Where can I change my US dollars to pounds? With eurochange, it's so easy to change your US dollars back to pounds. Use our secure, convenient online sell-back service, or visit your local eurochange branch to sell in-store.

What is the forecast for GBP to USD? ›

GBP/USD FORECAST - TECHNICAL ANALYSIS

If the rally continues and gains momentum in the coming sessions, resistance is likely to appear at 1.2720, the 61.8% Fibonacci retracement of the 2023 decline. Further strength could then direct focus toward the 1.2800 mark.

What is the strongest currency in the world? ›

The Kuwaiti dinar (KWD) is the world's strongest currency, and this is for a number of reasons. For starters, Kuwait has one of the largest oil reserves in the world.

Is the pound getting stronger against the dollar? ›

Basic Info. US Dollar to British Pound Exchange Rate is at a current level of 0.7982, down from 0.7997 the previous market day and down from 0.7999 one year ago. This is a change of -0.18% from the previous market day and -0.21% from one year ago.

How much is $100 US in the British Pound? ›

US Dollars to British Pounds conversion rates
USDGBP
100 USD78.60 GBP
500 USD393.04 GBP
1,000 USD786.08 GBP
5,000 USD3,930.41 GBP
7 more rows

Where is the best place to exchange dollars to pounds? ›

The best place to exchange foreign currency in the U.S. is at your local bank or credit union before you leave for your trip.

Is it better to exchange money in the UK or the US? ›

Is it better to get dollars in the UK or the US? It could be more beneficial to buy your dollars in the UK rather than when when you arrive in the US. This is because the pound-to-dollar exchange rate in the UK is can be better than some of the rates offered by providers in America.

What is the best exchange rate for the US dollar in the UK? ›

Live rate: 1 GBP = 1.2701 USD ( +0.25% )

Is it better to exchange money in UK or USA? ›

Is it better to get dollars in the UK or the US? It could be more beneficial to buy your dollars in the UK rather than when when you arrive in the US. This is because the pound-to-dollar exchange rate in the UK is can be better than some of the rates offered by providers in America.

Where is the cheapest place to exchange currency? ›

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

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