How do I buy or order foreign currency? (2024)

FAQs

How do I buy or order foreign currency? ›

Typically you can access the currency exchange webpage through your bank's website or mobile app, or by phone. From there, you usually enter the currency you need, add the desired amount, select the pickup method and place your order.

Best place to exchange currency: Your bank or credit union

Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

One of the best ways to minimize currency exchange fees is to visit your bank or credit union before you leave the U.S. to exchange dollars for the currency of your destination.

Ordering currency from your bank before you travel is almost always better than using the airport currency exchange. Sally French is a travel rewards expert who joined NerdWallet in 2020.

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 peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Buying currency in branch

Many of our branches keep euros and US Dollars in stock. Availability varies so it's always best to order online or in branch and collect later. You can also buy smaller amounts in branch than the minimum order of £400 worth required online.

Can I walk into a Bank of America and get foreign currency? ›

Any Bank of America customer can exchange foreign currency at any financial center.

A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling. As with all things, research is your friend here. Understand where you're travelling and what the local customs regarding cash are.

HDFC Bank branches have forex services that let you buy foreign cash in 22 major currencies. Go to a forex dealer or travel agent: Similarly, you can buy foreign exchange from your travel agent. You can also buy foreign exchange from Reserve Bank of India (RBI)-authorised foreign exchange dealers.

Typical money exchange scams include stealing your money in the process of counting and recounting a pile of bills or mixing your money with currency from another country with a much lower exchange rate. It is safer to go through an authorized agency or a bank.

Order via the U.S. Bank Mobile App: Download the app if you haven't already and log in to your account. Open the main menu and select Help & services. Scroll down to Account services and choose Order foreign currency.

You will need your passport and flight ticket to collect your foreign currency. Note: For larger amounts, specific denominations and/or less common currencies, please check the availability with your banker or with the branch. If the required currency and amount are not in stock, we will gladly order it for you.

Payment for online foreign currency orders can only be made using a Bank of America checking or savings account. If you are a relationship client, you may place an order using cash at a financial center. Cash payment is required at the time the order is placed.

Yes, you can use a credit card to purchase travel money. However, please check with your card provider as they may apply fees or charges e.g. cash advance fees or other fees.