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Old 10-10-2008, 01:56 PM
 
418 posts, read 1,311,434 times
Reputation: 259

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k so i have about 1,300,00 in yen which is about 1.3grand in USD
Usually when i exchange currency i get charged a lot and makes me sad.
i was wondering if banks like bank of america do currency exchange without charging service?
also if not, what is the best place to go?
thanks
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Old 10-10-2008, 11:35 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,142 posts, read 8,316,400 times
Reputation: 5966
Bank of America will change your yen. I know because they have changed mine before, when I came back from Japan...or when relatives from Japane sent my wife money (yen).

They look up the rate on their computer and will give you about the same rate you would get from any other place. It might differ by a few cents, but oh well. That's what you pay for convenience.

I normally do it at the exchange places in the airport. The last time I took Kuwaiti Dinar to Bank of America...they looked at me like I was a terrorist. They have a Big Book with pictures of what money should look like....and the Dinar I had didn't match their picture...so they wouldn't change it.

It was cool though. The next time I went to the airport, I changed it then at the currency exchange place. They took it - no problem.

I doubt you'll have any trouble changing yen at any local bank.

Travelers Tips, Travelers Tips, Travel Help, Currency Exchange Rate, Travel Bargains

Another thing to do is just hold it for your next trip to Japan. That's what we do now. We both hate losing money when we exchange it. I guess it depends on how bad you need the 1300 bucks.
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Old 10-10-2008, 11:58 PM
 
19 posts, read 140,547 times
Reputation: 24
Quote:
Originally Posted by mrgrape View Post
k so i have about 1,300,00 in yen which is about 1.3grand in USD
Usually when i exchange currency i get charged a lot and makes me sad.
i was wondering if banks like bank of america do currency exchange without charging service?
also if not, what is the best place to go?
thanks

They will exchange your currency only if your are a customer. You will also be charged a fee.
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Old 10-11-2008, 12:21 AM
 
418 posts, read 1,311,434 times
Reputation: 259
darn thanks guys,
i have a place I go to other then the bank, they charge for the currency rate and then the service rate to exchange, and thats where i usually get charged an arm and leg
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Old 04-14-2010, 07:28 PM
 
1 posts, read 87,901 times
Reputation: 18
i have a quick question. i have like 1,230 pesos (from the philippines)
and i was just wondering if i can exchange the money in a local bank or something
but If i do that. how much would it charge. pls let me know
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Old 04-16-2010, 06:10 PM
 
Location: 77441
3,161 posts, read 2,264,714 times
Reputation: 2272
its been my experience the airport is the worst place to exchange currency.
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Old 04-16-2010, 08:33 PM
 
1,572 posts, read 2,944,996 times
Reputation: 890
If you're a customer I think they just exchange it and pocket the difference between the bid/ask. It'll only be a buck or two in your case.
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Old 04-17-2010, 07:50 PM
 
Location: Sverige och USA
702 posts, read 2,013,771 times
Reputation: 387
Unfortunately, exchanging cash with banks is only slightly better than forex or those exchange places at tourist spots or at airports. You will end up paying quite a bit especially exchanging that much money. The best advice is to hold on to the money for future trips or just bite the bullet and exchange it as there's really no way around it other than to use a credit card while in a foreign country which usually has the best rates.
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Old 04-21-2010, 11:01 PM
 
8,744 posts, read 6,825,726 times
Reputation: 3338
In my area, they only exchange US and Canadian.
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Old 05-02-2010, 01:18 AM
 
Location: So Cal
90 posts, read 364,583 times
Reputation: 92
USA is so yesterday comparing to Europe regarding currency exchange.
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