Where to Buy Euros in NJ: A Guide for Travelers
If you’re planning a trip to Europe, you might be wondering where to buy euros in NJ. Euros are the official currency of 19 countries in the European Union, and having some cash on hand can be useful for paying for small purchases, tips, or emergencies. But where can you get the best deal on exchanging your dollars for euros?
In this article, we’ll compare some of the options for buying euros in NJ, including banks, currency exchange services, and alternative solutions. We’ll also give you some tips on how to avoid paying high fees or getting unfavorable exchange rates when changing money.
Banks
One of the most convenient ways to buy euros in NJ is to order them from your bank. Many banks offer foreign currency services for their customers, and some will even deliver the money to your home address or a nearby branch. However, be aware that banks may not offer the most competitive exchange rates, and they may charge service fees or delivery fees on top of that.
Before buying euros from your bank, make sure to compare the exchange rate they offer with the mid-market exchange rate. This is the real exchange rate that you can see on Google or currency sites like XE.com. It’s the rate that banks and money transfer services use when they trade currencies among themselves, and it’s the fairest and most accurate rate available.
Here are some examples of banks that offer foreign currency services in NJ:
- Wells Fargo: If you’re an existing customer, you can order foreign currency cash online, in branch or over the phone. Depending on availability of services in your area, you can have it delivered to your address within 2-7 days.
- Citi: Existing Citi account holders can call to order over 50 foreign currencies to be delivered to your address the next business day. There’s a $5 service fee (waived for Citigold and Citi Priority Account Package customers) and delivery fees starting from $10. Delivery is free to a Citibank branch.
- Bank of America: BoA customers can buy currency online for no fees, although charges are built into the exchange rate offered. You can see exchange rates before buying and orders made before 2pm will be shipped the same day. There may be a fee for delivery for orders over $1,000, or you can collect at a Bank of America branch (if available).
Currency exchange services
Another option is to use a currency exchange or travel money provider, which lets you order online for home delivery or collection. These may offer more competitive exchange rates than banks, but they may also charge fees or commissions that can add up. As with banks, it’s important to compare the exchange rate they offer with the mid-market rate before buying.
One of the largest and most popular places to buy travel money in the US is Currency Exchange International (CXI). CXI has over 40 locations across the country, including one in Westfield Garden State Plaza in Paramus, NJ. You can order online or by phone and pick up your euros at the branch within two business days. CXI claims to offer better exchange rates than local banks and airports.
Alternative solutions
If you want to avoid the hassle and cost of buying euros in NJ, you might want to consider some alternative solutions that let you access foreign currency without needing to change any money. These include using a debit or credit card that doesn’t charge foreign transaction fees, or getting a prepaid travel card that lets you load multiple currencies and spend them at the mid-market rate.
One of the best options for travelers is the Wise Card. The Wise Card is a debit card that lets you spend and withdraw cash in over 40 currencies without any hidden fees or markups. You get the real exchange rate whenever you spend or withdraw money abroad, saving you up to 8x compared to banks and other providers. You can also manage your money online or through an app, and get instant notifications on your spending.
The Wise Card is easy to use and