Menu
Expat.com

money exchange in us banks

Post new topic

hmit23

Hi,

How much is the exchange rate of Euro to USD compared to inter-banks rate in the USA?
I have Euro in cach and I am looking where is the best place to exchange.
If I open a Euro bank account in USA, do I get a better change rate when I pay with a credit card?

thanks for any help.

jakejas

You can go to the banks' websites and they will tell you what their exchange rate is. I bank with Wells Fargo, and their exchange information can be found here: wellsfargo.com/foreignexchange/

Other banks have similar pages that tell you their exchange rates. I am not sure about opening Euro accounts in the US. I have never attempted to open an account using anything other than USD. I don't know if it is possible or not. If you want to keep some of your cash in EUR, you can always keep it in a foreign account if a US bank doesn't let you keep it in EUR.

hmit23

At a first glance, it seems that wellsfargo only sell foreign currency and doesn't buy it from customers, because I can't find any buying rates. It sells Euro with 0.07 $ benefits compared to inter-bank todays echange rate, so i guess it is bought with same benefit marge.
Thanks anyway.

Love2Travel4Sure

Greetings,
I think the term to use, if I understand your question correctly, is "exchange" your Euros.  In 2009, I returned from an European trip and brought home Euros and some other foreign currency.  I researched and found out that Bank of America would "exchange" my foreign currency for USD. They charge you an "exchange" fee, of course. I do not have a clue what that fee costs today.

I hope this helps!

Regards,
LAN

HaileyinHongKong

The exchange rate changes constantly.  Nothing we say here will ever remain accurate.  But there are a million websites where you can get the latest numbers.

Articles to help you in your expat project in the USA

  • Banking in the USA
    Banking in the USA

    Opening a bank account in the US is an important step for managing your finances. Bank accounts simplify paying ...

  • Dating in the USA
    Dating in the USA

    Dating anywhere in the world can be nerve-wracking, but dating in a foreign country can be especially ...

  • The American lifestyle
    The American lifestyle

    The United States is a vast country that is made up of a diverse group of people. Life, landscape, and culture can ...

  • Marriage in the United States
    Marriage in the United States

    Marriage is a contract that commits two people emotionally, legally, and materially. In the US, both same-sex and ...

  • The work culture in New York
    The work culture in New York

    The work culture in New York can significantly vary according to the type of structure, the size of the company, ...

  • Leisure activities in New York City
    Leisure activities in New York City

    Regardless of the season or the weather, New York is a city that remains both vibrant and lively all year round. ...

  • Using phones in the USA
    Using phones in the USA

    Staying connected with loved ones while in the United States  – not to mention all the other reasons ...

  • Obtaining Permanent Residency in the U.S.
    Obtaining Permanent Residency in the U.S.

    For millions of people, the prospect of living and establishing a life in the USA is a dream. Regarded as the land ...

All of the USA's guide articles