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Conversion of Pounds to Dollars

Does it cost a lot of money to transfer British pounds to American dollars?


Different banks will charge different fees for similar products and services, including international money exchanges. The best answer to this question is to recommend that you call one or more banks in your area and ask what their fees are.

You may also suffer a conversion date difference meaning that the conversion rate isn't set until the funds are actually exchanged. If your bank sent the funds to a major bank, there could be a lag between when you give up your money, and when it is actually converted. This may work in your favor or against you.

Published on BankingQuestions.com 4/26/07