Where to exchange money in Penticton
Before you set out exploring in Penticton, 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 Penticton that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Penticton
If you have a need to use cash, here are some recommendations to exchange foreign currency in Penticton.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Money Mart | 496 Main St, Penticton, BC V2A 5C5, Canada | +1 250-487-1192 |
| Western Union Agent Location | Wal Mart, 275 Green Ave W, Penticton, BC V2A 7J2, Canada | +1 250-493-8396 |
| Bluenose Coins, Precious Metals & Rarties | 206 Main St, Penticton, BC V2A 5B2, Canada | +1 250-493-6515 |
| Western Union Agent Location | Safeway, 1301 Main St, Penticton, BC V2A 5E9, Canada | +1 250-487-2103 |
| MoneyGram | 2111 Main St #165, Penticton, BC V2A 6W6, Canada | +1 250-492-4728 |
| Fairstone | 2436 Skaha Lake Rd #116, Penticton, BC V2A 6E9, Canada | +1 250-487-1337 |
| CIBC Branch with ATM | 2111 Main St Unit 112, Penticton, BC V2A 6W6, Canada | +1 250-770-3368 |
| CIBC Branch with ATM | 295 Main St, Penticton, BC V2A 5B1, Canada | +1 250-770-3333 |
| MoneyGram | 1301 Main St #705, Penticton, BC V2A 5E9, Canada | +1 250-493-3133 |
Canadian dollar rate today
The accepted currency in Penticton and across Canada is the Canadian dollar.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Canadian dollar is CAD. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Penticton
Before exchanging money in Penticton or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Canada for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in Canada banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in Canadian dollars for a fairer rate and avoid undisclosed exchange rates and additional fees.
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Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Penticton. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments 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.