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Friday, November 14, 2014

Where Can I Exchange Foreign Money?

“Is there anywhere local that I can exchange foreign money for American money?”

If you’ve been out of the country and ended up with foreign currency that you want to convert back to money you can use every day, there are a few different ways to go about it. Sometimes it’s possible as soon as you get off the plane. Most international airports, such as Cleveland-Hopkins, house a company that will sell foreign currency to travelers and buy it back again after they return. However, they often charge steep fees for this convenience.

Many banks, including Bank of America, Fifth Third Bank, and TD Bank provide a similar service. However, it’s always best to call ahead and see what, if any, fees they charge and if they deal in the currency you have. Iraqi dinar are particularly difficult to exchange; Wells Fargo and Bank of America both make it clear on their websites that they don’t work with dinar.

For more advice on traveling, Lonely Planet’s Best Ever Travel Tips is available through CLEVNET.

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