Where can I exchange currency for free?
Your bank or credit union, not an airport kiosk, is likely the best place to exchange currency. At NerdWallet, we have such confidence in our accurate and useful content that we let outside experts inspect our work.
How much do banks usually charge to exchange currency?
Banks typically charge either a flat fee or a percentage, such as 1% to 3% of the amount you take out at an ATM in foreign currency. Determine your bank or credit union’s policy on reimbursing ATM fees so you can plan ahead.
Is it cheaper to exchange money at home or abroad?
Although this depends on many factors, including which currencies you want to convert and which country you are travelling to, generally speaking exchanging your money AFTER you travel will provide you with a more favourable exchange rate. The rule is simple: the more common the currency is, the cheaper it will be.