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The best way is to find someone who is going to the US soon and wants USD and you'll both get a better rate meeting in the middle of the buy/sell rates than if both went to a forex place.
Otherwise how much is hunting out a great rate worth? If you've got US$300 then the difference between a shit rate and an average rate is going to be £10 or so. Is spending 2 hours of your time getting an extra £10 worth it?
Greenbank
I've got a few hundred USD in an envelope, what's the best way to convert them into pounds?
Should I just pay them into my bank and suck up the exchange cost or is there a better option?