Quote:
Originally Posted by metoo21
If you go to a bank or a credit union, what I wrote is the norm. If you go to a currency exchange like in an airport or foreign country, they do the exchange to make money and you accept paying more or getting less for the conversion. That is how they make their money. They won't sell or buy at the price you'll get at a bank or CU. Their business is to make money on the conversions back and forth.
And a bank or CU will usually waive the $10+ fee if you purchase or sell $200 or more foreign dollars so it has nothing to do with a reduced buy back. Regarding coins, the goal is to spend the coins before leaving, put them in one of the many coin/currency collection bins around the airport that goes to charity or simply keep as a souvenir.
Maybe you'll find someone that doesn't understand how it works and you can take advantage. Good Luck.
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Most banks and credit unions have a lower buy rate than sell. Regions puts it up front in their information page. The bank you cited does too. They just call it a $10 fee. Euros come in 1 and 2 euro denomination coins so it is quite common to have several euros in coin.
Apparently you couldn’t comprehend my example using a 50 euro exchange. The fee is reduced if one exchanges larger amounts.
No worries. The usual suspects have
done their normal job of silly and uniformed comments on something that does not concern them.