You are logged in as. Exchanging foreign currency is a part of life for any traveler, but the practice can vary by country. In one country, you may have to change your money at the airport, and in other countries you may need to buy your foreign currency in advance. If you have a trip to the United States planned, here is what you need to know about where to exchange foreign currency for U.

Most banks keep a reserve of U. Depending on the size of the currency purchase, the bank may require you to fill out paperwork stating the reason for your withdrawal and your travel plans.

Banks tend to have higher exchange rates than some currency exchange Bureau de Change business, since they do not have to be competitive.

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There is a fee involved in withdrawing foreign currency from your bank. Currency exchange businesses can be found at most international airports, so you can purchase U. If the airport you are flying into is not in a major U.

How to Avoid Crazy High Currency Exchange Fees

If you are in an airport where several exchange companies operate, be sure to shop around for the best conversion rate and lowest exchange fee. Most ATM cards can be used in ATM machines all over the world. Check with your bank to see if your card works in the U. If it does, you can simply withdraw U. Your bank can advise you on the conversion rate and fees you can expect.

Currency exchange companies are not as widespread in the U. There may not be any such companies in small towns. You can purchase U. Although brick-and-mortar currency exchange locations might be limited in the U.

Lily Welsh is a freelance writer from North Carolina, though she has spent much of her adult life living abroad. She is the About. Welsh has worked in the music industry for 15 years and counting and holds B.

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Your Bank Most banks keep a reserve of U. The Airport Currency exchange businesses can be found at most international airports, so you can purchase U.

ATMs Most ATM cards can be used in ATM machines all over the world. Currency Exchange Businesses Currency exchange companies are not as widespread in the U. Resources XE Currency Calculator Oanda Currency Exchange Calculator Travelex. About the Author Lily Welsh is a freelance writer from North Carolina, though she has spent much of her adult life living abroad.

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