Truist Bank Currency Exchange (2024)

FAQs

Can you exchange currency at Truist? ›

If you're heading to Europe, exchange your US dollars for euros with Truist Bank. Exchanging your cash in advance can help you avoid foreign transaction fees for using your card abroad – and you can save on expensive ATM withdrawal charges.

Not all financial institutions exchange currency. Even if your bank provides this service, your nearest branch may only have certain types of currency available or limited amounts.

Key Takeaways. Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges.

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

With time at your disposal, you'll be able to see exactly what the fee and rate is, and how many euros you'll get for your dollars. It's possible of course that you might get a better deal when you land in Europe. It may well be the case that fees are lower and exchange rates better.

Many U.S. banks will exchange USD for foreign currencies without charging a fee, but there are often stipulations. For instance, Bank of America customers can exchange foreign currencies for free, but only on orders of $1,000 or more. Otherwise, the bank charges a $7.50 delivery fee for foreign currency orders.

Exchange rates at banks are slightly better than elsewhere. You can also order currency before you leave on your trip from a number of websites that will ship it to your home within a couple of days.

What is the cheapest way to get euros? ›

What is the cheapest way to get euros in the US? You'll need to compare exchange rates and fees for your bank with currency exchange services such as CXI. But a travel card such as the Wise international debit card can be a cheaper option, offering low fees and fairer, margin-free exchange rates.

To avoid dynamic currency conversion fees when traveling internationally, choose to pay credit card transactions in the local currency rather than in US dollars. Some merchants will attempt to make this decision for you, so confirm which currency you're transacting in before you pay.

Of the major UK high-street banks, Halifax offers the cheapest exchange rates. However, money transfer specialists can normally provide better exchange rates than any of the big banks.

As we've mentioned, ATMs can offer some of the best currency exchange rates out there - but you'll still need to work out how to avoid international ATM fees to really reap the benefits. So what to look out for?

You can order your currency via the mobile app or online banking. Exchange rates are updated daily and displayed at the time of order. Order via the U.S. Bank Mobile App: Download the app if you haven't already and log in to your account.

Foreign currencies are available at some of the major banks, RBI-authorized money changers, airports, and online forex platforms. Based on where you're from in India, exchanging foreign currency can be a lot different. Money changers can be found in local market neighborhoods in metropolitan areas.