Where to exchange money in Salem
If you’re planning a trip to Salem, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Salem. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Salem
If you’re planning a trip to Salem, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Salem. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Tax free transfers when you send money abroad with Wise.
From January 2026, transfers from the US are more expensive when you pay with cash, checks, or money orders. A 1% tax is being introduced due to the One Big Beautiful Bill Act. But you won’t pay this tax on Wise transfers. Learn more
Currency exchanges in Salem
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Salem below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| Western Union | 29 New Derby St, Salem, MA 01970, USA | +1 978-744-7442 |
| Bank of America Financial Center | 21 Paradise Rd, Salem, MA 01970, USA | +1 978-744-7354 |
| Coinstar | Wal-Mart, 450 Highland Ave, Salem, MA 01970, USA | +1 800-928-2274 |
| Western Union | 59 Boston St, Salem, MA 01970, USA | +1 978-745-6756 |
| MoneyGram | 300 Canal St, Salem, MA 01970, USA | +1 978-740-2912 |
| Ria Money Transfer - My Convenience Grocery Inc | My Convenience Grocery Inc, 111 113 Lafayette St, Salem, MA 01970, USA | +1 978-744-5707 |
| Ria Money Transfer | 197 Union St, Lynn, MA 01901, USA | +1 855-355-2141 |
| MoneyGram | 174 Main St, Peabody, MA 01960, USA | +1 978-977-4844 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
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 Salem — 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 Salem
When exchanging money in Salem 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 US 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 US 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 dollars for a fairer rate and fees. The same applies if you get the option on card machines.
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.
Say goodbye to the analog way. Say hello to Wise
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Salem. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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.