I prefer ordering it through travelex and collecting it at the terminal. It's one less thing to worry about as far as I'm concerned. However there's nothing wrong with the PO. onlinefx is quite a good site for delivery too.
Don't use the PO, their exchange rates are normally unfavourable. Last time I went to Vegas I got a small amount of money $200 from tesco and the rest out the ATM whilst in vegas.
I've just come back from NY - I changed £700 online with Travelex to collect at the airport, I got a rate of 1.9265 according to my receipt. Commission free and they'd exchange it back at the same rate since I changed more than 400. However I spent it all (the hotel and flight had already been paid for).
To be honest it depends on your ways, if you feel organised enough to go to the travelex counter before you leave go for it, if not go to the PO. I personally rather have the money in my hand rather than wait for a delivery of cash.
At the end of the day M&S, the Post Office, Tesco, etc all get their money from Travelex and their rates are pretty similar. So go with what is more convenient. For me, that is M&S and getting it delivered to work.
The saving in the exhange rate is not worth a fraction of the time and hassle required to open an account there, wait for an ATM card, transfer money in etc
out of interest if you want to sell your dollars who gives you the best rate ?, I remember last time I exchanged about 500 dollars at the post office to GBP and lost a hell of allot of money.
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