Where to exchange money in Detroit
Before you set out exploring in Detroit, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Detroit that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Currency exchanges in Detroit
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Detroit.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
Money Changer | Address | Contact Information |
---|---|---|
Atlantic Xchange Money Transfer & Currency Exchange | 5846 Schaefer Rd, Dearborn, MI 48126, USA | +1 313-447-0502 |
AL RASHEED EXCHANGE | 515 Wyandotte St E, Windsor, ON N9A 3J1, Canada | +1 833-309-1869 |
Babylon Monetary Services - Currency Exchange & Money Transfer | 793 Wyandotte St E, Windsor, ON N9A 3J5, Canada | +1 519-968-3558 |
Windsor Station Currency Exchange | 298 Walker Rd, Windsor, ON N8Y 2M9, Canada | +1 519-258-7994 |
Continental Currency | 3100 Howard Ave, Windsor, ON N8X 3Y8, Canada | +1 519-250-1007 |
CanAm Currency Exchange | 3234 Dougall Ave, Windsor, ON N9E 1S6, Canada | +1 519-915-5151 |
Quixend Money Transfer | 11921 Conant, Hamtramck, MI 48212, USA | +1 313-892-7363 |
American Currency Exchange Llc | 344 N Old Woodward Ave #100, Birmingham, MI 48009, USA | +1 248-203-9883 |
Sentt Money Transfer | 3 Parklane Blvd Suite 1127, Dearborn, MI 48126, USA | +1 313-474-2444 |
CryptoFlip Cryptocurrency Exchange | 2646 E Jefferson Ave, Detroit, MI 48207, USA | +1 313-393-7101 |
US dollar rate today
First off, in case you’re wondering something along the lines of “does United States use US dollar?”, the answer is yes. The currency in Detroit — and the rest of United States — is US dollar.
You can also find it written as USD in currency exchange shops.
What you should know about exchanging money in Detroit
You can follow a few simple tips which could help save money when exchanging currency in Detroit. By increasing your awareness you can be better prepared for currency exchanges wherever you are.
1. Beware of 'zero fee' services
Some services will claim 'no commission'. This can be misleading as they will often have hidden a markup by offering you a worse exchange rate.
2. Know the current exchange rate
Be familiar with the current exchange rate to help identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
The convenience of exchanging currency at airports and hotels often comes at a price. That price will come as poor exchange rates and high transaction fees. Try to use this as a last resort.
4. Avoid scams
Be cautious of street vendors or unofficial exchange services that may offer seemingly attractive rates. Stick to recognised establishments to avoid falling victim to scams or fraudulent practices. Your financial security should always be a top priority.
5. Opt for local currency
When using an ATM abroad, pick the option to be charged in US dollar for a fairer rate to avoid undisclosed exchange rates. Picking the local currency will almost always be cheaper.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.
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Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Detroit. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payment Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.