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Anyone know where to exchange currency?

by Chris Sweeney
11 replies
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I have a Canadian $10 that I would like to exchange back to USD. I don't want to go all the way to the airport just for that. I tried my bank, Wells Fargo, but get this - they want to charge $15 to exchange currency. So I would be netting a loss and paying THEM $5, which would be totally idiotic for me to do.

So, does anyone have any other ideas where I can exchange currency for a low or no cost?
  • Profile picture of the author GT
    This is just a wild guess, but how about a travel agent? They might give you a fair exchange, knowing they can do the exchange in reverse for another client.

    GT
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    • Profile picture of the author Chris Sweeney
      Originally Posted by GT View Post

      This is just a wild guess, but how about a travel agent? They might give you a fair exchange, knowing they can do the exchange in reverse for another client.

      GT
      Hmmm, not a bad suggestion GT, I'll call around tomorrow to see if some of the local travel agencies do currency exchange. Thanks!

      I'm open to any other suggestions as well!
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  • Profile picture of the author seasoned
    GT,

    Travel agents don't really exist anymore. There are simply travel salespeople that ACT like and want to be CALLED agents. It is much like "tech support". Ironically, the AAA AUTO CLUB acts more like a travel agent than most "travel agents". I once asked a "travel agent" how to get to aarhus. You know, a large city in Europe and probably one of the best known in Denmark. She didn't have a CLUE! There is no airport in aarhus apparently, and there is apparently NO intercontinental airport in the mainland of denmark. You have to fly into copenhagen, and then fly to tirsdrup. The only other way to do this within denmark is to waste 3 hours on a ferry.

    Chris,

    SOME banks MIGHT! There might be some currency exchanges, ESPECIALLY up north, in the US. SOME companies that trade precious metals do. And WESTERN UNION does apparently.

    Steve
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  • Profile picture of the author seasoned
    Originally Posted by Chris Sweeney View Post

    I have a Canadian $10 that I would like to exchange back to USD. I don't want to go all the way to the airport just for that. I tried my bank, Wells Fargo, but get this - they want to charge $15 to exchange currency. So I would be netting a loss and paying THEM $5, which would be totally idiotic for me to do.

    So, does anyone have any other ideas where I can exchange currency for a low or no cost?
    BTW I got them to cash a canadian check at a modest charge.

    Steve
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  • Profile picture of the author Green Moon
    Do you have a Bank of America branch near you? I think that many of them exchange foreign currency. I don't know if there is a separate charge.

    American Express offices also offer currency exchange but my recollection is that they have a basic transaction charge like the one you found at Wells Fargo. My daughter returned from a school trip about 10 years ago with a 20 Euro note and it is still sitting in my desk drawer because the hassle and cost of exchanging it was more than it was worth to me. I also have a 10 dollar Cdn bill in my desk for the same reason.
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    • Profile picture of the author Chris Sweeney
      Originally Posted by Green Moon View Post

      Do you have a Bank of America branch near you? I think that many of them exchange foreign currency. I don't know if there is a separate charge.

      American Express offices also offer currency exchange but my recollection is that they have a basic transaction charge like the one you found at Wells Fargo. My daughter returned from a school trip about 10 years ago with a 20 Euro note and it is still sitting in my desk drawer because the hassle and cost of exchanging it was more than it was worth to me. I also have a 10 dollar Cdn bill in my desk for the same reason.
      Yup, this $10 CDN note is from 2007-2008. Been in my wallet since!
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  • Profile picture of the author yukon
    Banned
    Is there a local casino?
    1. Buy a chip
    2. Cash in a chip
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    • Profile picture of the author Chris Sweeney
      Originally Posted by yukon View Post

      Is there a local casino?
      1. Buy a chip
      2. Cash in a chip
      Hmmm, well that's a good thought too. I guess it would make sense for a casino to do a currency exchange.
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  • Profile picture of the author travlinguy
    Gee whiz. It's ten bucks Canadian. Give it to the Salvation Army. Merry Christmas!
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    • Profile picture of the author Chris Sweeney
      Originally Posted by travlinguy View Post

      Gee whiz. It's ten bucks Canadian. Give it to the Salvation Army. Merry Christmas!
      You know what, that's actually not a bad idea at all! I'm obviously not worried about the money that much (otherwise I would've cashed it in at some point over the past 5 years). It's just the principal of the matter. I have 10 bucks sitting in my wallet doing absolutely nothing, and my bank wants to charge more than what the note is worth the exchange it. Absurd! However, I learned a couple good possible places to exchange the money, which satisfied my curiosity. But the easiest and probably nicest thing I could do is donate it. Salvation Army donation might just be the best solution!
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    • Profile picture of the author yukon
      Banned
      Originally Posted by travlinguy View Post

      Gee whiz. It's ten bucks Canadian.
      Lol, I was thinking the same thing when I read this.

      note is from 2007-2008
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