15 banks and credit unions that exchange foreign currencies
- Not all banks or credit unions exchange foreign currency.
- Our list offers options that allow you to exchange foreign currencies at a branch, over the phone or online.
- Most financial institutions require you to be a customer to exchange foreign currency.
If you are looking to exchange currency for an overseas trip, major physical banks or credit unions can help you get different currencies at a fair exchange rate.
You won’t want to go to the nearest branch on a whim, as some banks don’t offer exchanges. Here’s everything you need to know about currency exchange – from where you can go to what you’ll need to place an order.
15 banks that exchange foreign currency
Here is a list of banks and
of our best guides that exchange foreign currencies. Keep in mind that most banks or credit unions require you to be a customer to exchange currency.
- America First Credit Union: Credit union members can visit select branches to redeem up to $5,000. There is a $10 transaction fee if you trade over $300 and a $20 transaction fee for trades below $300.
- Bank of America: Bank of America customers can trade up to $10,000 online or over the phone. You can also place an order over $10,000 in store. There is no charge for currency exchange, but if you have your order shipped to your home, a $7.50 charge applies.
- Citibank: You can call or visit a branch to exchange over 50 types of currencies. There is no charge for Citigold or Citi Priority Account Package customers. Citi customers whose accounts are not listed will be charged a $5 service fee for any transaction under $1,000. If you prefer to have the money sent to your doorstep, a $10-$20 fee applies, depending on your shipping priorities.
- Citizen bank: You can exchange foreign currency at a branch. Contact Citizens Bank for more information on the exchange.
- Hunt: Chase customers can redeem up to $5,000 at local branches. You will need to visit the nearest branches to find out the transaction fees.
- First Citizen Bank: Customers can exchange more than 80 types of currencies at branches. There is no limit on the amount you can redeem, but you will need to contact your nearest branch to find out more about potential fees.
- Premier Horizon Bank: First Horizon Bank has the currency of more than 65 countries. You will need to visit a branch to exchange currency and learn about potential fees.
- Huntington Bank: Huntington Bank customers can exchange up to $20,000 for an $8 fee at bank branches. The bank has 75 types of currencies.
- PNC Bank: PNC Bank allows customers to exchange currencies at local branches. You will want to call your PNC branch first so that the currencies can be delivered in advance. The bank does not charge any transaction fees for currency exchange.
- Bank of Regions: Customers in the regions can exchange currencies at local branches. You will need to visit a branch to exchange currency and learn about potential fees.
- State Employees Credit Union: Only members of credit unions can exchange foreign currency at branches. You will want to call SECU customer service before visiting a branch to ensure the currency type will be available at your nearest location.
- Federal Credit Union Service: Service Credit Union has more than 60 types of currencies. You can call or visit a local branch to place an order. Orders under $200 may incur a $10 transaction fee.
- TD Bank: TD Bank offers 55 types of currencies. You do not need to have a TD Bank account to place an order. Orders can be placed online or at a TD branch. However, keep in mind that online orders have a $7.50 fee and a maximum order limit of $1,500.
- American bank: US Bank customers can exchange currency at a local branch. There is a $10 transaction fee for orders of $250 or less. Orders that exceed this amount have no transaction fees.
- Wings Financial Credit Union: Wings Financial Credit Union uses over 90 different currencies and orders can be placed at local branches. There is a $10 transaction fee for orders under $300. Fees are waived if you place an order over $300.
How to exchange foreign currency
Not all financial institutions exchange currencies. Even if your bank provides this service, your nearest branch may only have certain types of currencies available or limited amounts.
To avoid unnecessary trips to a bank, consider following these steps for buying currency.
Call your bank’s customer service department.
Sandra Jones, senior vice president of member communications for the State Employees Credit Union, recommends calling your bank’s customer service department to see if your location has the type of currency you need to exchange.
If the currency is not immediately available, a bank representative can place an order.
Some financial institutions may offer to have the money sent to your home for a fee. If your bank asks you to exchange currency in person, you can make an appointment to visit a branch.
While you can check exchange rates online to get a rough idea of how much money you’ll need, Jones says online rates don’t accurately represent the rates available at financial institutions.
Make sure you have everything to finalize the order.
When exchanging currencies, make sure you have the following on hand:
- A US ID such as your driver’s license or passport
- Currency exchanged
- Additional cash or payment option if your bank charges transaction fees
Banks usually charge transaction fees for currency exchange. You will pay either a fixed fee or a variable fee, which depends on the amount and type of currency.
A bank representative will walk you through the steps of buying currency during your appointment.
When you return from your trip, your financial institution may also be able to redeem the foreign currency.