Banking in London…
April 17th, 2007
As it is a whole new world in London, I will need to figure out ways to be smart with money in London, especially in light of the extremely weak dollar. Stop importing and outsourcing everything, Republicans…you’re killing me.
Here is how I will approach getting cash and spending cash to buy fish and chips in the UK:
ATM:
I will use my BofA account at partner banks, which will assess no fee to my account:

I can also use my Presidential Bank account, which also does not assess any fees. Unfortunately, I will probably need to open up a local bank account in order to deposit money and to interact with the local blokes and tarts.
Credit Card:
There’s only one credit card company you should consider when you travel abroad: Capital One Cash. They don’t assess the ridiculous 3% fee usually assessed by your credit cards like Chase and Bank of America. That’s $3 for every $100! In London that could buy you some tartar sauce to go with the fish. With Capital One, you will basically be getting market exchange rates without thinking about it. Boo ya. Not sure if I can get away with using my American credit card overseas for a long time, but I guess we’ll find out.