If you’re on a mission to save money, here are the cheapest ways to purchase foreign currency.
- Stop by Your Local Bank. Many banks and credit unions sell foreign currency.
- Visit an ATM.
- Consider Getting Traveler’s Checks.
- Buy Currency at Your Foreign Bank Branch.
- Order Currency Online.
Is it cheaper to buy foreign currency at home or abroad?
The rule is simple: the more common the currency is, the cheaper it will be. This means that you might end up not being able to buy the foreign currency and it might be safer to exchange your money before you arrive at your destination.
How much does it cost to exchange currency?
Best & Worst Ways To Get Foreign Currency
|Method||Cost to Withdraw/Exchange $300|
|Bank Currency Exchange||Typically $16.10|
|Credit Union Currency Exchange||Typically $16.15|
|Credit Card||$24.50–$40.74 (depending on issuer)|
|Airport Kiosk (Travelex)||$24–$43.99 (depending on whether you exchange at the airport or request home delivery)|
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Which bank is best for currency exchange?
Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees. Here’s how financial institutions — and a few other places — can help travelers exchange currency.
Find a location near you to get started:
- Bank of America.
- Wells Fargo.
Where can I get foreign currency?
Your bank or credit union is almost always the best place to exchange currency. Before your trip, exchange money at your bank or credit union. Once you’re abroad, use your financial institution’s ATMs, if possible. After you’re home, see if your bank or credit union will buy back the foreign currency.