London Money and Costs

Currency: Pound (£) = 100 pence. Notes are in denominations of £50, 20, 10 and 5. Additional bank notes issued by Scottish banks are legal tender in all parts of the UK. Coins are in denominations of £2 and 1, and 50, 20, 10, 5, 2 and 1 pence.

Currency exchange: Money can be exchanged in banks, exchange bureaux and many hotels. The exchange bureaux are often open outside banking hours but charge higher commission rates. All major currencies can be exchanged. Cash can be obtained from a multitude of ATMs available across the country.

Credit & debit cards: MasterCard, American Express, Diners Club and Visa are all widely accepted. Check with your credit, or debit, card company for details of merchant acceptability and other services which may be available.

Travellers cheques: Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling.

Currency restrictions: There are no restrictions on the import or export of either local or foreign currency.

Banking hours: Mon-Fri 0900-1700 (there may be some further variation in closing times). Some branches of certain banks are open Saturday morning.