How to order pesos from TD Bank
Heading abroad? Here’s everything you need to know about ordering pesos with TD Bank.
Getting Japanese yen before you leave the US can help you avoid the hassle of finding currency exchanges abroad. Having some yen in your pocket when you land can also be helpful for immediate expenses like a taxi from the airport or your first meal.
If you're a Chase customer, you can order yen at your local branch. This article will walk you through how to complete the currency exchange process.
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Yes, Chase offers currency exchange services at their local branches.¹ However, these services can vary by location, so it's a good idea to get in touch with your nearest Chase branch to learn about their specific situation for ordering yen.
Here's what you should do to get started on the currency exchange process:
- Find your nearest Chase branch
- Call the branch to confirm that they offer foreign currency exchange
- Ask about any fees or service charges
- Check what the current exchange rate for the Japanese yen is
- Find out what type of ID you need to bring
- Schedule an appointment (if required)
- Go to the local branch to place your order (or pick up your yen, if immediately available)
Typically, when you place an order for foreign currency, the bank orders it for you. Once your currency arrives, you'll pick it up at your local branch.
Sometimes, the currency may be available immediately.
Chase makes money on the foreign currency exchange rate.²
The currency exchange rate determines how much Japanese yen you get for your US dollars.
For example, let's say the current mid-market exchange rate is 1 USD = 145 JPY. Chase might offer you an exchange rate of 1 USD = 140 JPY.
This means if you exchange 100 USD, you receive 14,000 JPY instead of 14,500 JPY - what you would get at the mid-market rate.
Exchange rates fluctuate constantly throughout the day, so contact your branch to get the current Chase yen exchange rate.
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees from 0.41%.
Open a free personal Wise account online or in the Wise app, and order a linked debit card for spending and withdrawals 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 to 160+ currencies, and get your own local account details to get paid from 160+ countries.
Say goodbye to overcomplicated currency exchange.
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Currency exchanges at most banks typically take 2 to 3 business days.
Since the Japanese yen is one of the world's most frequently traded currencies, you may be able to get it faster. Some branches might even have yen available immediately, but there are no guarantees.
Chase doesn't publicly share their minimum or maximum limits for currency exchange. Contact your local branch to learn about any restrictions on ordering yen.
You'll need to visit a Chase branch in person to exchange currency.
Yes, like most banks, Chase charges a currency exchange rate markup.² This means that you get less foreign currency for your USD. Your local branch might also charge a service fee for the currency exchange.
To order yen from Chase, you'll need to contact your local branch to get accurate information about rates, fees and processing times. Keep in mind that, like most banks, Chase also charges a currency exchange rate markup.²
With Wise, you can easily exchange money and send it to 160 countries in just a few clicks. It's easy, fast and secure with no exchange rate markups or hidden fees so you know exactly what you'll pay.
Sources
Sources checked 11.05.2024
*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.
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