Yes. Many banks and credit unions exchange currency for their customers. It may cost a small fee, but it will likely be the best exchange rate you can get.
Can you exchange change for cash at any bank?
- You can’t. It’s based on local policy, and banks are not required to change currency for you. The easiest option if no one will exchange for you is to go to a bank where you have an account, and do a deposit, followed by a withdrawal, as two separate transactions.
Will any bank accept foreign currency?
- Most large U.S. banks offer foreign currency exchange services, but said services might not be available at all branches or in all currencies. Smaller financial institutions might not offer currency exchange at all or might not have enough volume to justify "buying back" foreign currency once you return from your trip.
Can a bank make their own currency?
- Well, if you believe that the reserve requirement is a binding constraint on banks’ ability to lend then yes, in a certain way banks cannot create money without the central bank either relaxing ...
Where to exchange currency at the best rates?
- Your local bank or credit union
- Currency exchange kiosks (often in airports)
- Foreign ATMs with a credit or debit card
- Online money transfer services like Xoom and Western Union (use abroad)