You shouldn't have too much trouble banking any foreign currency your small business takes in, but doing so will probably end up costing you a little money on the exchange rate and service fees.

Typically, you’ll be able to withdraw the local currency with more competitive exchange rates and lower fees than what you’d be able to secure at a kiosk. If your bank is international ...

She advises ordering a small amount of foreign currency from your bank before you fly. This method may not deliver the best exchange rate, but it usually beats the airport currency desk ...

If your bank requires you to exchange currency in person, you can set up an appointment to visit a branch. While you can check exchange rates online to get a rough idea of how much money you'll ...

the goal is to get the best currency exchange rates with the lowest fees. Quick tip: Before you travel, visit your bank or credit union. Many of the best banks and credit unions frequently offer ...

For instance, at Bank of America, the exchange rates we checked in January 2024 average roughly 6% more than the IMF rates — and less than half of what the airport currency exchanges are charging.

However, you may get a poor exchange rate. Also, the pick-up and delivery fees could be higher than the amount your local bank charges, depending on how much currency you exchange. Airport kiosks ...

E. Napoletano is a former registered financial advisor and award-winning author and journalist. With more than 15 years of experience crafting content about all aspects of personal finance ...