State Employees will exchange currency for its members. They also have an online system that allows members to purchase currency and have it delivered to their home, adding a layer of convenience. Service Federal is able to exchange currency for its members. Regions Bank provides foreign currency services to their customers, offering a broad range of currencies. They don’t charge any transaction fees, but there is a delivery fee for smaller orders. They can provide many currencies, making it easier for travelers heading to multiple destinations. PNC Bank offers foreign exchange services to its customers. However, their availability of foreign currencies may be limited compared to larger banks. One advantage for members is the ability to avoid high currency exchange fees. Navy Federal Credit UnionĬatering primarily to members of the armed forces, Navy Federal can exchange your currency if you’re a member. However, the availability of certain foreign currencies and the exchange rate might not be as competitive as larger, nationwide banks. Huntington Bank, primarily serving the Midwest, offers foreign exchange services to its customers. If you wish to use their service, you will have to visit a branch. First Horizon Bankįirst Horizon Bank, a regional financial institution in the Southeast U.S., offers over 65 currencies. Customers have the option to order online, and then pick it up from their nearest branch. First Citizens Bankįirst Citizens Bank can exchange over 70 currencies for its customers. ![]() Citizens BankĬitizens Bank offers a foreign exchange service that lets you order online, then pick it up at a local branch. Their exchange rates are competitive, but it’s always wise to compare rates from multiple financial institutions before making a decision. This can be particularly useful for frequent travelers or those who deal with various currencies regularly. CitiĬiti customers can exchange foreign currency and have the option to hold multiple currencies in a single account. However, Chase sometimes imposes a limit on how much you can exchange. They provide a service where you can order currency and have it delivered to your home or local Chase branch. ChaseĬhase Bank is another popular choice for exchanging currency. This could make them an appealing option for anyone wanting to exchange foreign currency. ![]() ![]() Capital OneĬapital One offers currency exchange without any additional fees, which is a significant advantage for those looking to avoid currency conversion fees. However, Bank of America does charge a delivery fee for orders under a certain amount, so it’s worth ordering a bit more to avoid the extra cost. Customers can have the currency delivered to their home or pick it up at a local bank branch. Bank of AmericaĪs one of the largest financial institutions in the U.S., Bank of America offers customers the ability to order over 70 types of foreign currency online. However, like many credit unions, they may have fewer physical branches compared to national banks. They also provide an online ordering system, making it easy to order currency before a trip abroad. America First Credit UnionĪmerica First members can exchange up to $5,000. 20 Banks that Exchange Foreign Currency 1. These include the availability of foreign currencies, competitive exchange rates, fees and charges, speed and convenience of service, and online or mobile options. When you decide to exchange currency at a bank, you should consider several factors to ensure you’re getting the best deal. Key Considerations when Selecting a Bank to Exchange Currency ![]() Similarly, some banks charge a currency conversion fee for exchanging money, making it even more important to shop around. To avoid these fees, you might consider a bank that offers cards with no foreign transaction fees. High currency exchange fees or unfavorable rates can significantly affect the value of your money.īesides, foreign transaction fees may apply when using a credit or debit card overseas, and they can quickly add up. Banks and credit unions are common places to exchange currency, but the rates they offer can vary widely.Ĭurrency exchange rates are determined by the interbank rate (also known as the wholesale or market rate), which financial institutions use when they trade among themselves. Basics of Foreign Currency Exchange at BanksĮxchanging currency involves the conversion of one country’s currency into another. Whether you’re preparing for a trip abroad or have just returned with a wallet full of foreign cash, knowing where to exchange foreign currency can save you time, money, and hassle. Many travelers ask, “What’s the best bank or credit union for foreign currency exchange?” When embarking on a journey to foreign countries, one crucial consideration that often tops the checklist is how to exchange currency.
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