The Traveling Taylors

When we first landed in England, we thought using money would be simple—until we got stung by surprise ATM fees, bad exchange rates, and a very awkward cash-only pub. Don’t let the same happen to you! Here are 9 common mistakes tourists make with England currency—and how to avoid them.

1. Assuming England Uses the Euro

The Mistake: Many first-timers bring euros, only to find out they’re not accepted in England.

The Fix: England uses the British Pound Sterling (£)—not euros. The symbol is “£” and the currency code is “GBP.” If you’re visiting crowded attractions or busy city centers, a waterproof belt bag like this one is a convenient way to keep your phone, wallet, and passport close.

2. Exchanging Cash at the Airport

The Mistake: Airport kiosks offer terrible exchange rates and hidden fees.

The Fix: Avoid changing large amounts at arrival. Use an ATM or bring a no-fee travel card to withdraw British pounds at a fair rate.

3. Paying in Your Home Currency

The Mistake: When paying by card, machines may ask if you want to be charged in your home currency—this adds dynamic currency conversion fees. If you like keeping things simple while exploring, a magnetic phone wallet like this one lets you carry your essential cards right on the back of your phone.

The Fix: Always choose to pay in GBP (British Pounds) for the best exchange rate.

4. Using a Card with Foreign Transaction Fees

The Mistake: Many banks charge 2–5% extra on every international card payment.

The Fix: Use a travel-friendly debit or credit card with zero foreign transaction fees. Popular options include Wise, Revolut, or Capital One.

5. Forgetting to Notify Your Bank

The Mistake: Cards get declined abroad if your bank flags suspicious activity.

The Fix: Set a travel notice before leaving or use cards that auto-detect travel to avoid embarrassing declines.

6. Not Carrying Any Cash

The Mistake: While England is largely cashless, small shops, rural pubs, and public restrooms sometimes require coins or bills. Some travelers prefer a compact crossbody-style fanny pack like this one because it keeps valuables secure while walking through busy areas.

The Fix: Carry at least £20–£30 in small notes and £1 coins, just in case.

7. Using Outdated Notes

The Mistake: England phased out old paper banknotes—but some tourists still bring them.

The Fix: Make sure your £5, £10, £20, and £50 notes are polymer (plastic) style. Old paper notes are no longer accepted in most shops.

8. Taking Too Much Cash

The Mistake: Bringing a large amount of cash “just in case” increases your risk of loss or theft.

The Fix: Use cards for 90% of purchases. Tap-to-pay is widely accepted—even in taxis and markets.

9. Not Checking the Exchange Rate

The Mistake: Guessing the value of the pound leads to overspending or sticker shock.

The Fix: Use a currency converter app (like XE or Revolut) to stay aware of real-time rates and manage your budget wisely.

How to Make the Most of England Currency on Your Trip

Understanding how England currency works—and avoiding these mistakes—can save you hundreds over the course of your trip. We’ve learned the hard way, but now we always travel with a mix of GBP cash, a fee-free card, and a solid exchange rate plan.