0
Do all US banks now charge a fee for providing one with foreign currency?
Wiki User
∙ 16y ago
Not all Banks charge for foreign currency, but most of the larger national banks do charge.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What types of banks are allowed to operate foreign currency accounts?
Foreign Banks
Can you still exchange a foreign currency that is uncirculated?
we can exchange foreign currency of leats of banks
Can you purchase foreign currency at local banks?
Yes. Most major banks in the world offer foreign currency sales in their branches. Though not all branches of a bank deal with it, the main branches in important cities do that. All you need is:A passportProof that you are going to visit a foreign nation (Either on tourist or employment visa)Money in local currency to pay the bankThe bank will collect the local currency money and give you the foreign currency equivalent of it. The bank may also charge you a fee for doing so
Are there any US Banks that provide foreign currency denominated deposit accounts if so which?
Yes, EverBank.com provides foreign currency deposit accounts.
If you pay with foreign money in America will they accept it?
No, everyday stores and such will not accept foreign currency. I do know that most airports and some banks will convert foreign currency into American currency, but their is usually a hefty fee associated along with it!!
What types of banks are allowed to operate foreign currency accounts?
Foreign Banks
Can you still exchange foreign currency that is uncirculated?
we can exchange foreign currency of leats of banks
Can you still exchange a foreign currency that is uncirculated?
we can exchange foreign currency of leats of banks
I want to exchange from currency. Will I need to pay a fee for it to the bank?
No, banks do not charge any fee for currency exchange. It is one of the biggest benefits of getting foreign currency from the banks. Also, the foreign currency rates are very competitive in the banks much better than private money lenders.
Can you purchase foreign currency at local banks?
Yes. Most major banks in the world offer foreign currency sales in their branches. Though not all branches of a bank deal with it, the main branches in important cities do that. All you need is:A passportProof that you are going to visit a foreign nation (Either on tourist or employment visa)Money in local currency to pay the bankThe bank will collect the local currency money and give you the foreign currency equivalent of it. The bank may also charge you a fee for doing so
Where can one open a foreign currency account?
A foreign currency account can be opened online. These should not be too difficult to discover. Alternatively, a regular local bank can typically open a foreign currency account, so it is worth calling local banks to see which banks will perform this service. Most banks should provide this.
When and why do central banks buy their own currency or purchase from foreign countries?
Why central banks buy either their currency or the currency of another nation in the effort to countrol exchange rates
I want to exchange currency with a bank in UAE?
There are many banks that offer great foreign currency rates.
Are there any US Banks that provide foreign currency denominated deposit accounts if so which?
Yes, EverBank.com provides foreign currency deposit accounts.
If you pay with foreign money in America will they accept it?
No, everyday stores and such will not accept foreign currency. I do know that most airports and some banks will convert foreign currency into American currency, but their is usually a hefty fee associated along with it!!
How is foreign currency translation calculated?
Foreign currency translation is calculated by multiplying the foreign currency amount by the exchange rate. The exchange rate is the value of one currency in terms of another currency, and it can be obtained from financial markets or from central banks. The resulting product is the translated amount in the reporting currency.
Do banks exchange Guernsey currency?
Yes. Although it is legal tender only on Guernsey, it can be exchanged. Most banks charge a small fee for currency exchange.
