Everything you need to know
United Kingdom Currency
Travelling to or living in United Kingdom? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in United Kingdom
Open a UK bank account with us and get a GoCard for smarter spending in United Kingdom. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in United Kingdom?
The official currency is the British pound sterling
Before decimalisation in 1971, the UK used shillings and pence under the old system. Today, the pound is one of the strongest and most traded currencies worldwide.
GBP, £
Banknotes
£5
£10
£20
£50 (polymer notes in circulation).
Coins
1p
2p
5p
10p
20p
50p
£1
£2.
Popular Pound Sterling pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in United Kingdom
The UK is largely card-first, and most shops, restaurants, and public transport accept debit and credit cards. Contactless is the norm for everyday purchases under £100. Cash is still accepted, but its use has declined—though it can be useful in small pubs, rural markets, or local taxis. Mobile wallets like Apple Pay and Google Pay are widely used. Tip: In London, you can pay for buses and the Underground with a contactless debit/credit card or mobile wallet instead of buying tickets.
Tips for exchanging money in United Kingdom
Avoid airport bureaus: their exchange rates are among the worst.
High street exchange shops: in cities like London or Manchester often offer better deals.
Cash machines (ATMs): widely available but some charge withdrawal fees—check before using.
Always choose pounds (GBP): if asked to pay in your home currency, decline—this adds extra fees.
Long stays: opening a UK bank account or using a multi-currency account will simplify everyday expenses.
With TransferGo, you skip the hassle of exchange shops and hidden ATM fees by sending pounds directly or spending via your GoCard.
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Frequently asked questions
What is the official currency used in United Kingdom?
The British pound sterling (GBP, £).
What is the official currency used in United Kingdom?
Symbol: £ | Code: GBP
Can I use my home currency in United Kingdom?
No—shops and services only accept pounds. Paying in other currencies is not possible.
How can I use my GoCard in United Kingdom?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in United Kingdom?
Card is easiest—cash is rarely needed but useful for small shops or rural areas.
Are credit or debit cards widely accepted in United Kingdom?
Yes, almost everywhere. Contactless is the default for small and medium payments.
Are there ATMs available in United Kingdom, and are there withdrawal limits?
Yes, ATMs are everywhere. Some are free, while others (especially in convenience stores) may charge fees. Limits depend on your card provider.
Can I use a GoCard in United Kingdom?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.