Where to exchange money in Elgin
Are you heading to Elgin? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Elgin that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Elgin
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 Elgin.
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 |
|---|---|---|
| Currency Exchange/Auto License | 401 Dundee Ave, Elgin, IL 60120, USA | +1 847-888-1400 |
| Currency Exchange/Auto License | 300 S McLean Blvd Ste O, Elgin, IL 60123, USA | +1 847-695-1766 |
| CFSC Currency Exchange New Chicago & State Check Cashing and Auto License | 8 S State St, Elgin, IL 60123, USA | +1 847-695-6500 |
| Summit Exchance | 840 Summit St Ste J, Elgin, IL 60120, USA | +1 847-531-6086 |
| Order Express | 911 N Liberty St, Elgin, IL 60120, USA | +1 888-666-1602 |
| DolEx Dollar Express | 302 S McLean Blvd, Elgin, IL 60123, USA | +1 800-892-0210 |
| Western Union | 8 S State St, Elgin, IL 60123, USA | +1 847-695-6500 |
| Western Union | 300 S McLean Blvd Ste O, Elgin, IL 60123, USA | +1 847-695-1766 |
| MoneyGram | 840 Summit St Ste J, Elgin, IL 60120, USA | +1 847-531-6086 |
| Western Union | 815 S Randall Rd, Elgin, IL 60123, USA | +1 847-717-6509 |
US dollar rate today
The accepted currency in Elgin and across United States is the US dollar.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the US dollar is USD. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Elgin
When exchanging money in Elgin or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in the USA long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in the USA banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in US dollar for a fairer rate and fees. The same applies if you get the option on card machines.
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With a Wise account you can exchange currency at any time, almost everywhere in the world.
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Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Elgin. 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.