Bank of america exchange euros to dollars

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Currency Calculator for ordering foreign currency cash

Use the exchange rates listed below or the convenient Currency Calculator tool to determine how much foreign currency cash you want to order. Rates are updated daily. The exchange rates listed below and the Currency Calculator are meant to assist customers who intend to order foreign currency from our website to be delivered in the form of physical cash. They are not intended to be used as a reference for exchange rates applied to incoming and outgoing wires or checks denominated in a foreign currency.

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Exchange rates for ordering foreign currency cash

BANK of AMERICA UK POUND & EURO to US DOLLAR EXCHANGE RATES

BANK OF AMERICAMIN. TRANSFERSPEEDFX MARGIN RATE*GUIDE RATESMORE DETAILS
GBP £ - to USD NO MINIMUM 5/7 DAYS 5.6% $1.047
EUR € - to USD NO MINIMUM 5/7 DAYS 5.6% $0.916
CURRENCIES DIRECT MIN. TRANSFER SPEED FX MARGIN RATE *GUIDE RATES MORE DETAILS
GBP £ - to USD FROM £100 FROM 1 DAY 0.7 to 1.0% $1.098 to $1.102
EUR € - to USD FROM £100 FROM 1 DAY 0.7 to 1.0% $0.961 to $0.965

Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.

Bank of America International Money Transfers

Save on exchange rate conversions when transferring money overseas to or from your Bank of America account in US dollars, UK pounds, the euro and other currencies. Bank of America international money transfers to or from the USA have higher transaction charges, due to a less competitive exchange rate offered by the Bank of America. Skip to: USA Money Transfer Specialists

Typically, sending funds to or from your Bank of America account in US dollars or UK pounds will involve a margin rate of 5.6% – much higher than most currency broker rates (typically 0.7 to 1.0%).

Currency Transfer Alternatives – Bank of America Bank

Sending foreign currency to or from your Bank of America account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.

Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.

Example: A typical overseas currency transfer of $100,000 US dollars (USD) using Bank of America services would have a transaction exchange rate margin of around 5.6% – or $5,600 USD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.

Bank of America – Other Useful Information

International money transfers from the Bank of America could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bank of America account holder to use their services. Bank of America may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.

Unless you pay a premium, Bank of America’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.

Bank of America, USA – About

Bank of America (also known as BofA) is a US banking and financial services company created in 1904 and is ranked 2nd on the list of largest banks in the United States by assets. Bank of America serves approximately 56 million US customers from over 5,000 US banking branch locations.

Bank of America – Head Office AddressBank of America (BofA) – 100 North Tryon Street, Charlotte, North Carolina, 28255-0001, United States

General Information

Bank of America Money Transfer | Pound & Euro to US Dollar Rates

Details

Save money when transferring currency overseas to or from your Bank of America account in US dollars, UK pounds, the euro and other currencies.

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Can I exchange Euros to dollars at Bank of America?

Any Bank of America customer can exchange foreign currency at any financial center.

Can you exchange Euros for dollars at a Bank?

Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them. You won't face trying to spend your remaining euros before the end of your trip and can convert them back to dollars when you get home.

Does Bank of America do currency conversion?

Bank of America account holders can exchange foreign currency (no coins) for U.S. dollars at a full-service financial center. Use our foreign currency calculator to find out how much your foreign currency is worth in U.S. dollars. You can choose to receive your order in small, large or mixed denominations.

How much does bofa charge for currency exchange?

There is no fee for ordering foreign currency online. The bank receives compensation from the purchase and sale of foreign currency banknotes in the form of the difference (also known as the spread) between the price we pay to obtain the foreign currency and the price at which we sell the foreign currency.

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