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Yes, with exceptions. Many US banks will change foreign currency into US dollars, but the less proportion that activity is for the bank then the higher the fee over the actual international exchange rate for the transaction. The biggest US cities have branches of major foreign banks who will provide the same services to their account holders at that US branch as in their nation of origin. Almost all large European, Japanese, and South American banks have substantial branch operations in Manhattan (the main section of New York City for international business), and Washington, DC. Many foreign banks that are trying to grow their involvement in US business and foreign investment in the US (eg. Royal Bank of Scotland, Barclay's Bank, etc.), have branches in the other large cities (eg. Atlanta, Miami, Los Angeles, Chicago, Dallas, Seattle, etc.) and the cities near large military bases (eg. Colorado Springs). Note that any Canadian bank and most Canadian businesses will accept US dollars in transactions, but Canadian business is not making enough in-roads into the US economy to for US banks (that are not near a Canadian border) to provide the same level of service for handling Canadian dollars.

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Q: Will a bank in the US trade foreign money for US dollars?
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