Handling foreign currency these days is not very difficult as there are various online and offline modes to exchange currency. For example, if you are travelling to the USA, you can carry a multi-currency Forex card and use it at POS or withdraw cash as well. Understanding where and how to exchange your Indian Rupees (INR) for British Pounds (GBP) efficiently can save you time, money, and hassle. Check below some of the best modes of currency exchange in Aberdeen with low transaction fees and favourable currency exchange rates.
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Banks in Aberdeen
Aberdeen is home to several major banks where you can exchange your currency. These banks offer reliable and secure services at competitive rates. Banks in Aberdeen, such as Royal Bank of Scotland, Barclays, and HSBC offer convenient currency exchange services for both travellers and international students. These banks provide competitive exchange rates and a variety of foreign currencies. The banks also offer currency exchange in Aberdeen through online and in-branch currency ordering so that you can get foreign currency with options for pick-up at local branches or delivery to your address.
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HSBC
HSBC is a global bank with a strong presence in Aberdeen. They provide currency exchange services for various currencies, including INR. As an international student, you can also open an HSBC international student bank account which might come with favourable exchange rates and minimal fees.
Address: 95-99 Union St, Aberdeen AB11 6BD, UK
Barclays
Barclays is another reputable bank that offers currency exchange services. They have multiple branches across Aberdeen. For Indian students, Barclays provides specific student accounts that might include perks such as lower exchange fees. If you have a Barclays International student account, then you can easily get currency exchange services at the best exchange rates and also get the cash delivered to your doorstep.
Address: 163-165 Union St, Aberdeen AB11 6SL, UK
Royal Bank of Scotland (RBS)
The Royal Bank of Scotland (RBS) in Aberdeen offers reliable currency exchange services, providing a wide range of foreign currencies for travellers and international students. The students can benefit from competitive exchange rates and the convenience of ordering currency online for in-branch collection. RBS also provides expert advice on foreign currency needs.
Address: 78 Union St, Aberdeen AB10 1HH, UK
Currency Exchange Services
In Aberdeen, numerous non-bank currency exchange services offer convenient and competitive options for international students. Companies such as Eurochange, Travelex, No1 Currency etc provide a variety of foreign currencies with attractive exchange rates and low fees. These services feature extended hours and multiple locations like Aberdeen International Airport and in the city centre. Check more details below:
Travelex
Travelex in Aberdeen provides a comprehensive package for currency exchange services that suits the requirements of international students. The students can take advantage of convenient options such as online ordering and airport pick-up, ensuring a hassle-free experience. Known for their reliability and customer service, Travelex makes currency exchange accessible and cost-efficient.
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No1 Currency
No1 Currency Exchange in Aberdeen provides efficient and competitive foreign currency exchange services to international students. No1 exchange is known for its favourable exchange rates and low commission and transaction fees. It is located in the city centre and offers a wide range of currencies and allows customers to order online for in-store collection.
Online Platforms
In the digital age, online currency exchange platforms have gained popularity due to their convenience and often better rates. Check major online currency exchange service providers below:
TransferWise (now Wise)
Wise offers a transparent fee structure and real exchange rates. You can transfer money from your Indian bank account to your UK account seamlessly. Wise is particularly beneficial for students as it eliminates hidden fees.
Revolut
Revolut provides a mobile app that allows you to hold and exchange multiple currencies at interbank rates. As a student, you can use Revolut for daily expenses, and their premium accounts offer even more features like travel insurance and virtual cards.
Tips for Currency Exchange
International students in Aberdeen should consider several tips for currency exchange to maximise their funds. It’s advisable to compare rates from different providers like banks and independent exchange services like No1 Currency Exchange to find the best deals. Check some important tips for currency exchange in Aberdeen below:
- Ordering currency online in advance can secure better rates and ensure prior availability
- .Always compare rates from different providers before making an exchange. Online comparison tools can help you find the best deal.
- Avoid exchanging large sums of money at airports as they have higher fees and less favourable rates.
- Keep an eye on exchange rates and try to exchange your money when the rates are favourable.
- Currency markets can fluctuate, so timing can save you a significant amount.
- When using your Indian credit or debit card in the UK, you might be offered the option to pay in INR. This is known as dynamic currency conversion and often comes with high fees. Always choose to pay in GBP to avoid these extra costs.
Finding the best currency exchange options in Aberdeen is important for Indian students to manage their finances effectively. Whether you choose traditional banks, dedicated exchange services, or online platforms, being informed and prepared can ensure you get the best rates and minimal fees. Check some common FAQs on Currency Exchange in Aberdeen below.
FAQs
Banks in Aberdeen, such as HSBC, Barclays, and RBS, offer competitive exchange rates and secure services. They provide convenience through online and in-branch ordering with options for pick-up or delivery.
Companies like Travelex and No1 Currency offer convenient options like online ordering and airport pick-up, making currency exchange hassle-free. They provide attractive rates and low fees, benefiting international students.
Online platforms offer transparent fee structures and real exchange rates. Wise and Revolut allow students to manage multiple currencies seamlessly, offering features like travel insurance and virtual cards.
Ordering currency online in advance, comparing rates from different providers, avoiding airport exchanges, and timing exchanges based on market rates can maximize savings. Additionally, opting to pay in GBP rather than INR with Indian cards can avoid high fees.
International students should stay informed and prepared by researching rates from various providers, including banks, non-bank services, and online platforms. Comparing rates, timing exchanges strategically, and avoiding unnecessary fees can help secure the best rates.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
