How to get the money there?
The best way is to go to the bank and draw a bank draft and some traveler's checks in your name, which is convenient to carry and relatively safe. When you arrive in England, open a student account in the local bank as soon as possible, and then deposit the money order. (Please contact the bank for specific policies)
In addition to bank drafts and traveler's checks, prepare a small amount of cash for emergencies, such as taking a bus from the airport to your destination. 200 to 500 pounds in cash is usually enough. But at present, many people still choose to bring cash. Because: whether it is a draft or a check, it will lose a very high bank fee (about 3% at present). However, it should be noted that if you carry an amount equivalent to more than US$ 2,000, you must issue a foreign exchange carrying certificate from the foreign exchange withdrawal bank and affix the seal of the local safe before you can carry it. (explain the reason for carrying)
Note: Please don't put a lot of cash in the checked baggage. If you want to change more than $2,000, you must get the approval of the China Administration of Foreign Exchange, which will be a little more complicated.
Credit card: Most international credit cards, such as VISA and MasterCard, are very common in Britain, so it is very easy to shop or withdraw cash at ATM. But you need to know clearly from the bank where you made your initial deposit: how much handling fee you need to pay each time you use your credit card abroad. At present, many banks can open international credit cards, and there is no handling fee for overseas cash withdrawals. For details, please consult the relevant teachers in Jinjilie Changsha, UK.
Traveler's checks: In addition to the urgent need for cash, you also need some cash while waiting for bank draft or remittance. Carrying traveler's checks with you is better than carrying a lot of cash with you, because the latter is safer and can be reported immediately in case of loss or theft.
T/T: This is the fastest and most expensive way to send money abroad. However, if you already have your own account in a British bank, you can generally only use this method.
Bill of exchange: the handling fee is relatively low, and the payee can identify it himself. After the bank has successfully opened an account, he can withdraw money. Relatively speaking, bills of exchange take a long time. If he has gone to England, it will take two weeks or more for his parents to send him. Better take it with you.
Where more than one "carrying card" is used and the total amount of the "carrying card" stamped with the bank seal exceeds the equivalent of US$ 6,543,800,000, the customs will not release it.
Where can I exchange money in England?
Most large airports have banks or exchange offices that are open 24 hours a day. British banks are usually open from 9:30 am to 4:30 pm from Monday to Friday, but the opening hours of branches may be different.
At the same time, foreign exchange can be started. Notice of Bank of China Beijing Branch on the Measures for the Administration of Foreign Exchange for Studying Abroad is as follows:
1. exchange rate
The exchange rate of GBP against RMB is about 1 GBP ≈ RMB 9.06.
1 = 100p
2. Review materials
(1) My true identity certificate, including my ID card (China citizen) and household registration book (16 China citizen).
(2) If it is handled by an immediate family member, the power of attorney of the client, the true identity certificate of the agent and the proof of kinship shall also be provided.
3. Foreign exchange purchase quota
The total amount of foreign exchange purchased by individuals each year is equivalent to 50,000 dollars per person per year.
Note: In case of any adjustment, the latest announcement of the State Administration of Foreign Exchange shall prevail, and the specific foreign exchange policies shall prevail.