Now when youre back in the us head to your bank or credit union to transfer any leftover foreign currency back to us. There are lots of reasons why it might be helpful to hold a foreign currency account in the us also called a multi currency account.
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Disclaimer i work for jpm chase but not in retail banking.
Foreign currency from chase bank. With chase my bank they take about 3 for every fo! reign withdrawal that i do. Wherever you conduct business manage your payments and currency risks more effectively with our cross currency payment and foreign exchange specialists. Plus they charge 5 for using a non chase atm.
Your banks atm network is likely the best option. As with most banks and financial institutions fis chase deals with foreign currency exchange. Both its retail and commercial banks are ready to handle the buying and selling of foreign currencies.
According to chases website some branches do offer the service of buying and selling foreign currency notes. They encourage customers to contact the local branch first as only a select number of their 5500 branch locations offer this service. Online wires sent to a bank outside the us.
I also bank with chase and did the same thing about 2 weeks ago my rate was just under 135 per euro when the real exchange rate was around 130. The idea is to ha! ve some cash for tipping and incidentals while im there on vac! ation. Recently i was looking to exchange 200 or so usd into a foreign currency.
Where to get foreign currency abroad. Foreign currency accounts are popular with people living and working abroad regular travelers and entrepreneurs working with staff and suppliers overseas. That means on an equivalent of 1000 withdrawal in foreign currency chase will deduct 5 30.
Plus they charge 5 for using a non chase atm. In foreign currency fx have no chase wire fee for amounts equal to 5000 usd or more or only a 5 chase wire fee when less than 5000 usd send international wires to sign in page. However some banks wont take foreign currency.
Once youve reached your destination avoid airport kiosks or other exchange houses. As a last.
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