Best way to get physical USD

Best way to get physical USD

Author
Discussion

satans worm

Original Poster:

2,411 posts

223 months

Saturday 5th March 2022
quotequote all
And by best I mean best rate/commission :-)

I popped into my local Nat west whom I bank with to purchase USD9k only to be told they can’t do FX any longer as the company they dealt with went bankrupt!
No alternatives, no short term affiliations to help the customer or even a recommendation where to go, just, sorry.

Anyhow, I need to get 9k in USD cash , is there any recommendations for online orders?

I am in the Norwich area if that helps

steveo3002

10,639 posts

180 months

Saturday 5th March 2022
quotequote all
moneysaving expert forum has a currency checker that shows the best rates for collection or delivery

x5tuu

12,107 posts

193 months

Saturday 5th March 2022
quotequote all
Why physical cash?

You could use a Revolut or Starling (other challengers are available) and do a transition in USD at the current live rate with zero (or next to zero) fees which will always be more advantageous than cash.

Unless you want it to 'untraceable' but then purchasing USD like noted in the OP isn't a way to go about this.

captain_cynic

13,055 posts

101 months

Saturday 5th March 2022
quotequote all
Likely buying something overseas, like a car for a road trip. The banking system of the US is a complete and utter mess, there is no system of interbank transfer that is easy to use like the ROTW. Hence they end up using 3rd parties like Venmo to transfer money to each other.

Or going to a country where the local.xurrsncy is too volatile so USD id preferred (Not everyone goes to Malaga/Ibiza every summer you know).

That being said, $9K is a tall order. Not many FX traders will keep that kind of paper around. Is it possible to use one of the P2P exchanges like Currency Fair or OFX (Again, due the fustercluck of the US Banking system some won't even operate in the US)


abzmike

9,131 posts

112 months

Saturday 5th March 2022
quotequote all
I doubt you could ‘pop in’ to anywhere and get that amount. Should be able to order it though, but you may need to give a reason.

Trustmeimadoctor

13,266 posts

161 months

Sunday 6th March 2022
quotequote all
Also you will have issues taking more than 10k in cash iirc

satans worm

Original Poster:

2,411 posts

223 months

Sunday 6th March 2022
quotequote all
Thanks for the replies, ill take a look at the web sites and se how best to proceed

Im still pretty mad that Nat West cannot facilitate this, its supposed to be a mainstream bank and cannot do a basic currency exchange service!


Sheepshanks

34,480 posts

125 months

Sunday 6th March 2022
quotequote all
Not done this for a couple of years, but we just use M&S and get it delivered. Their website suggests for more than £2500 you have to use their Bureau de Change but looks like all main stores have one.