If you are traveling to the UK from a country outside the European Union and are carrying more than 10,000 Euros with you in cash, cheques or a bankers draft you will need to declare this to customs. British coins come in the following denominations: 1p, 2p, 5p, 10p, 20p, 50p, £1 (100p), £2 (200p). Banknotes come in denominations of £5, £10, £20, £50 and £100.Normal banking hours are from 09.30 to 16.30 Monday to Friday. Some are open on Saturday mornings. You can change currency and cash travellers’ cheques at ‘Bureaux de Change’ offices, which are open for longer, and are often located in stations and airports. Try to avoid changing very small amounts of money as there is often a minimum commission charge which makes it expensive. Shops and services in the UK will accept payment in UK currency only. Credit and debit cards are also widely accepted. You may be able to withdraw money from cashpoint ('ATM') machines if you have a Personal Identification Number (PIN) for that card.
When you arrive in the UK, you should bring about £250 in cash and travellers’ cheques for your immediate needs (meals, train fares, etc.). Avoid carrying any more cash in case it gets lost or stolen. Most shops and hotels will accept credit cards, and some will also accept payment in sterling travellers’ cheques.