Travel Money UK: How to Keep More Pounds Abroad
Planning a trip and wondering how to make your money go further? You’re not alone. Most UK travelers lose cash on bad exchange rates, hidden card fees, and surprise ATM charges. The good news is you can avoid the common pitfalls with a few simple steps.
Choose the Right Card Before You Leave
First thing – pick a card that doesn’t charge foreign transaction fees. Many high‑street banks still add a 2‑3% markup, but a few challenger banks and travel‑focused cards waive that cost completely. Look for a card that offers a good real‑time exchange rate and weighs in at zero ATM surcharge up to a set limit each month. If you’re not sure, check your bank’s website or call customer service to confirm the fee structure before you book your flight.
Once you have the right card, let it sit in your wallet and use it for most purchases. It’s safer than carrying large amounts of cash, and you’ll earn points or miles on everyday spend while abroad.
Get the Best Exchange Rate
When you need local cash, skip the airport kiosks. Their rates are usually 5‑10% worse than what you’ll find at a bank or online exchange service. Instead, order the foreign currency online a few days before you travel – many providers lock in a competitive rate and deliver it to your door.
If you prefer to withdraw cash on arrival, use an ATM that belongs to a major network (Visa / Mastercard) and avoid “dynamic currency conversion.” The machine may ask if you want to be charged in pounds; always say no and let the ATM bill you in the local currency. This prevents an extra conversion fee that can eat into your budget.
For short trips, a small amount of cash (around £50‑£100) is enough for tipping or places that don’t accept cards. Keep the rest on your fee‑free card and only top up when needed.
Lastly, track your spending in real time. Most travel cards come with an app that shows the exact amount in both the foreign currency and pounds, so you can stay on budget without any guesswork.
With the right card, smart exchange choices, and a quick eye on fees, you’ll keep more of your hard‑earned pounds for the experiences that matter. Happy travels!
