OT Dumb question from a dummy

msb · Dec 20, 2010

Where can I swap U.S. dollars for Canadian in the U.S.? TIA,bob

Wayne in MN · Dec 20, 2010

Major banks, exchange locations near the border.

Anonymous-0 · Dec 20, 2010

For your best deal... IF,,your going to Canda,,,Do it in Canada

kyhayman · Dec 20, 2010

I agree with doing it in Canada, thats what I always do. I think it 20 years of travelling there only 1 or 2 places didnt take US currency and give as good or better than the posted exchange rate. By that time I'd accumulated more than enough Canadian currency to handle my needs. What was more difficult was converting back when I got back here. At that time the exchange rate was as good as its every been in terms of the buying power of USD. The other thing I did that worked incredibly well was credit cards. Chase took care of all the math and gave me that days best posted rate with no additional fees.

NW Ohio Tim · Dec 20, 2010

Back when I was crossing the border like it was a street (mid to late 80's), you could trade currency at any bank with[i:58729904a6] Bank [/i:58729904a6]in the name..... not a savings & loan or trust. Not sure if it still is that way but it was then. They went by current exchange rate so it didn't matter what side of the border you did it on.

Don't ever do it at a place of business...... they'll always round it off in their favor.

U.S. [i:58729904a6]Banks[/i:58729904a6] should also be able to exchange any major currency in the world..... back in the day anyhow.

Tim

MarkB_MI · Dec 21, 2010

If you're traveling to Canada, just use your ATM card. The rate will be better than the bank will give you, even with the one percent exchange fee tacked on. You may have to hit a couple of different ATMs before you find one that that takes your card. Be sure and tell your bank before you leave the country, as they will sometimes block foreign ATM transactions. I found this out during a recent trip to China.

I know that banks here in Detroit would exchange money, but the exchange rate was not great. Airports normally have (ridiculously expensive) currency exchanges. Most US/Canada border crossings have currency exchanges as well.

newfarmer9 · Dec 21, 2010

Almost any bank, or you can do it at the border.

rrlund · Dec 21, 2010

Yep,bank. My son went to 4 Scandinavian countries as a student ambassador several years ago and needed money to spend in Sweden,Norway,Denmark and Finland. It took the local bank a few days to get that currency,but Canadian,at least here in Michigan I'd think would be on hand.

jackinok · Dec 21, 2010

even better,,use your debit card ,and put a per day limit of what you think you will spend on it at the bank.say $500 or whatever.its easy to do at your bank.and it could save you a lot of grief when traveling!

Mike (WA) · Dec 21, 2010

Use your credit card as much as possible in Canada- best exchange rate of all, and no hassle. Get what little Canadian cash you'll need in Canada at an ATM.

OT Dumb question from a dummy

msb

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Wayne in MN

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Anonymous-0

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kyhayman

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NW Ohio Tim

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MarkB_MI

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newfarmer9

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rrlund

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jackinok

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Mike (WA)

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