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Manadeel
Joined: 11 Apr 2007
Posts: 12
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 Posted: Fri Apr 20, 2007 6:06 pm Post subject: |
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Just read this:
Bear in mind you will also be charged commission when you cash the cheques, although it is difficult to predict how much as it varies from country to country and outlet to outlet. In the UK, commission can be as high as 6%.
From here:
http://money.guardian.co.uk/travel/money/factsheet/0,,602568,00.html
Ouch!! |
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Stephen Jones
Joined: 21 Feb 2003
Posts: 4124
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| Posted: Fri Apr 20, 2007 10:11 pm Post subject: |
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If you're going to the UK then buy the cheques in sterling. Then shop around before you cash them or pay them into the bank.
If you have a bank account, then obviously a bankers draft or telegraphic transfer is the best. |
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Van Norden
Joined: 23 Oct 2004
Posts: 409
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| Posted: Sat Apr 21, 2007 11:21 am Post subject: |
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| Manadeel wrote: |
| Leaving in a couple of months. It's about a year's savings. |
Why didn't you get a bank account? Did you keep your money under the bed?
Traveller's cheques are near-obsolete these days. Only use them if you've no other alternative. Even cash would be preferable to TC's, unless you're going somewhere 'dodgy' and/or staying in hotels or something. But, as you said earlier, there might be restrictions on how much cash you can bring in (or is it out?) of the UK. |
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also in saudi
Joined: 26 Feb 2006
Posts: 137
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| Posted: Wed Apr 25, 2007 3:38 pm Post subject: |
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| Please translate the OP's question to English. |
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Manadeel
Joined: 11 Apr 2007
Posts: 12
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| Posted: Wed Apr 25, 2007 5:32 pm Post subject: |
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| Van Norden wrote: |
| Manadeel wrote: |
| Leaving in a couple of months. It's about a year's savings. |
Why didn't you get a bank account? Did you keep your money under the bed?
Traveller's cheques are near-obsolete these days. Only use them if you've no other alternative. Even cash would be preferable to TC's, unless you're going somewhere 'dodgy' and/or staying in hotels or something. But, as you said earlier, there might be restrictions on how much cash you can bring in (or is it out?) of the UK. |
I have a bank account here, it's the UK where the problem lies.
It's darn well near impossible to open one from over here, unless someone knows better... |
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scot47
Joined: 10 Jan 2003
Posts: 15343
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| Posted: Wed Apr 25, 2007 7:04 pm Post subject: |
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| It is easier to open one in an offshore jurisdiction like the Channel Islands or the Isle of Man. Try Nationwide on the IoM. |
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Van Norden
Joined: 23 Oct 2004
Posts: 409
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| Posted: Thu Apr 26, 2007 6:53 am Post subject: |
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Setting up an offshore account isn't the easiest thing to do and it won't be an ideal account for you once you're living in the UK.
Don't you have someone in the UK you trust enough to transfer the money into their account? If not, I think US$ cash is your least bad choice. Unless we're talking massive sums here...(you are a tefler aren't you?) |
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sheikh radlinrol
Joined: 30 Jan 2007
Posts: 1222
Location: Spain
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| Posted: Sat Apr 28, 2007 12:57 pm Post subject: |
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| also in saudi wrote: |
| Please translate the OP's question to English. |
''Blighty'' is a term used by we Brits to refer to the old country. ''Nicker'' is a pound (our money). Surely you knew this? |
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