Tuesday, September 3, 2013

Update On Where to Buy Foreign Currency in the U.S.

Following up on the post Where to Buy Foreign Currency, I went to AAA to check on the cost of Euros and then went over to Chase.

AAA had packets of 65 Euros ready to purchase for $100. If I was willing to wait and have them shipped to me, for a fee of $12, I would get packets of 70 Euros for $100.

At Chase I had to present my Chase credit card. Today $100 bought me about 71 Euros. (Current interbank rate is about $100 for 75 Euros). They have to be ordered but they are ordered to the bank and are typically in within 24 to 48 hours. So Thursday I'll head back to Chase to pick up my Euros.

I guess if daytime banking isn't convenient for you, AAA might be the best bet. But being retired and not having a problem with returning to Chase during banking hours, financially Chase was definitely the better deal.