Exchanging Currency at Home and Overseas
- Local banks and credit unions usually offer the best rates.
- Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas.
- Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.
Where is the best place to buy foreign currency?
- Places you can buy foreign currency include online, in-store at money exchangers, banks, the post office and the airport. There are better ways you can buy foreign currency that may be cheaper and more convenient. These include: buy foreign currency online for delivery or collection in-store
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)
Does Bank of America have foreign currency exchange?
- The Bank of America allows its account holders to exchange foreign currency (no coins) for U.S. dollars. You can access full-service banking at a bank that offers dollars. You can find out how much your foreign currency is worth in the United States by adding a currency to the currency exchange rate for that country. dollars.
How do I exchange or sell my foreign currency?
- Obtain cash in your local currency. You’ll need this to convert into other currencies. ...
- Find a currency exchange broker. In most cases,individual investors use a brokerage service to place their foreign currency transaction.
- Look for brokers that offer low spreads. ...
- Start placing currency transactions with your broker. ...
- Set stop-loss orders. ...
Exchanging Currency at Home and Overseas\n\n Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.