What Banks Exchange Pesos for Dollars?
Quick Answer
Banks offering the service of exchanging pesos for dollars vary widely depending on the location. However, there are some banks that make currency exchanges at all of their branches. These banks include Bank of America, Wells Fargo and Chase. One thing to consider is that banks may require travelers to have a checking or savings account, a credit card or a loan with them in order to exchange currency.
Continue Reading
Full Answer
Another option is for a traveler to use a debit card at an ATM in the location where he is visiting. Make sure to consider the fees that your bank charges for international transactions. Travelers can also purchase travelers checks before departing, and cash them at a local bank to receive pesos. A final option is to look for a business that specializes in currency exchange. These businesses are often located in or near airports.
Most businesses require that you pay with local currency, while others can charge a higher fee for you to pay for your transactions in U.S. dollars. Travelers may also want to consider exchanging larger bills for smaller ones in order to have a variety of bills and coins available to use for purchases and other transactions.
Learn more about Currency & ConversionsRelated Questions
-
Q:
What Are Japanese Pesos?
A: According to AntiqueMoney.com, a division of Old Currency, LLC, Japanese pesos were issued by the Japanese government after Japan captured the Philippine I... Full Answer >Filed Under: -
Q:
What Are Republika NG Pilipinas Coins Worth?
A: Republika NG Philipinas coins are worth between 1 sentimo and 10 pesos Phillipines, but this depends on the coin. One Phillipine peso is worth 2 cents in A... Full Answer >Filed Under: -
Q:
How Do You Convert 1000 Yen to US Dollars?
A: Yen, the currency used in Japan, is significantly less valuable than the currency used in the U.S. To convert 1,000 yen to US dollars, you'll need to know ... Full Answer >Filed Under: -
Q:
What Does It Mean When the Iraqi Dinar Revalues?
A: The revaluation of the Iraqi dinar up to a level of parity with the U.S. dollar, that is, to an exchange rate of 1:1, would mean that the United States wou... Full Answer >Filed Under:
