Currency exchange websitesĬurrency exchange websites, such as Currency Exchange International (CXI) and US First Exchange, are centralized online platforms that tend to offer competitive exchange rates, serving as a convenient option for securely purchasing foreign currency. Pro traveler tip: It’s always a good idea to let your bank know you’re traveling for fraud protection purposes. Be sure to shop around and request your new currency with plenty of time to spare before your trip. For some banks, orders completed before a certain time can be eligible for next-day delivery. Among five banks that ValuePenguin reviewed, the typical time to receive your money at home or at the branch was one to seven business days.

The fees associated with currency exchange - and turnaround for receiving your new currency - can vary among institutions. Currency can be shipped to your home address, office or nearest branch (sometimes for a fee, depending on the size of the order). In some cases, a bank will exchange currency fee-free, while others may charge you a fee if you order less than a certain amount of cash (often less than $1,000).

Generally, banks will offer their checking or savings account customers currency exchange online, by phone or in person at cheaper rates than other sources.Ĭonveniently, some banks, like Wells Fargo and Bank of America, provide online orders that are deducted from your checking or savings account. are: Banks and credit unionsīefore you leave on your international trip, check with your bank or credit union for their currency exchange services and rates. The best, most cost-effective places to exchange and convert currency in the U.S.

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