British Money I Have Here In US

[lennygoran]

I found out the British are going to make certain money of theirs I have obsolete-I have 130 pounds-5 20's pound notes and two 10 pound notes-also 250 cents but that's not important. Is their anyway I can get these notes converted to US money or am I just out the 130 pounds--it looks like only my two 10 pounders are in the most danger over the next few months but I'm not sure.. Regards, Len


"The £10 note will be issued in September 2017 and the £20 note by 2020. You can continue to spend paper £5 notes as usual until 5 May 2017. After this they will cease to be legal tender."

http://www.bankofengland.co.uk/banknote ... fault.aspx

[John F]

Take it to a major international bank. Barclays Bank has a New York branch at 745 7th Avenue; they should either change it for you or advise you what to do.

[lennygoran]

Take it to a major international bank. Barclays Bank has a New York branch at 745 7th Avenue; they should either change it for you or advise you what to do.

Thanks, I'm gonna call them tomorrow-them or other international banks-as it happens we'll be in NYC this week and next. I did some googling and found this list of international banks-some of them are banks I have dealings with:

http://www.relbanks.com/worlds-top-bank ... onal-banks

Regards, Len

[John F]

For what it's worth, I'd suggest using a bank with headquarters in England, as the fee for the exchange may be lower since you're selling their own currency. Or maybe not, it's just a suggestion. That's why I suggested Barclays in particular. Lloyds is also on that list.

[lennygoran]

For what it's worth, I'd suggest using a bank with headquarters in England, as the fee for the exchange may be lower since you're selling their own currency. Or maybe not, it's just a suggestion. That's why I suggested Barclays in particular. Lloyds is also on that list.

Thanks, I'll check this out tomorrow. Regards, Len

[lennygoran]

Or maybe not, it's just a suggestion. That's why I suggested Barclays in particular. Lloyds is also on that list.

A followup-I'll call some banks but I'll also be calling here. Regards, Len

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[John F]

For those who don't know, including me, CXI stands for Currency Exchange International. By and large, when I've traveled, the rate of exchange such companies offer is worse than at a home bank for one of the currencies involved. CXI doesn't say they will exchange foreign currency for dollars, just the other way around, but presumably they do. I'll be interested to know what you do and how it works out.

[lennygoran]

I'll be interested to know what you do and how it works out.

John before making that call I called our main bank Wells Fargo and was told any local branch would give me the American money but only for the bills-for 120 pounds I'd get about $130 in American money back-lower than the true exchange value. Now it turns out a trip to London may very well be coming up for us so for now we're going to hold on to what we have in pounds-fortunately I have no 5 pound notes-just 10's and 20's.

The London bank says this:
"The £10 note will be issued in September 2017 and the £20 note by 2020. You can continue to spend paper £5 notes as usual until 5 May 2017. After this they will cease to be legal tender."

http://www.bankofengland.co.uk/banknote ... fault.aspx

Regards, Len