Best places to exchange currency without paying huge fees
You're all set for your trip abroad, and the question comes up: where can I exchange foreign currency? In this article, we'll go through all the options & tips.
TSA® PreCheck is a Trusted Traveler Program run by the US government. Instead of dealing with regular security checks at the airport, members can head to a designated TSA PreCheck line for a fast and smooth airport journey.
This program can speed up security whenever you fly, and it’s a great choice if you regularly travel within the US.
Understand the benefits of TSA PreCheck, as well as how to apply. If you’re heading abroad, don’t forget your Wise card! Spend your money like a local in 160+ countries.
TSA PreCheck is a simple way for frequent flyers to pass through airport security using a designated line.
You can get your documents checked faster than regular airport security verification — and you can pass through without taking off your shoes, light jacket, quart-size liquids bag, or belt. You can also travel through security without taking your electronics out of your bag.¹
There are some pros and cons of TSA PreCheck to consider before sending your application.
✅Pros | ❌Cons |
---|---|
|
|
You can use TSA PreCheck when you leave the US for a foreign country, as well as when you travel within the US. However, this program is aimed at domestic travelers as it only helps to expedite the security process, and it doesn’t speed up US Immigration and customs.
If you regularly travel internationally, Global Entry may be a better choice. This program includes all the benefits of TSA PreCheck, but it also expedites the customs process.²
Get fee free international ATM withdrawals, up to 100 USD/month, with the Wise card, just keep in mind that some ATM networks may charge additional fees.
Open a Wise Account online or in the Wise app, to hold and exchange 40+ currencies, with the mid-market rate and low fees from 0.41%.
Get cash conveniently around the world, with some fee free withdrawals every month, and low fees of 1.5 USD + 2% after that. That can work out cheaper than using your bank card for overseas withdrawals.
Check out these other handy Wise personal account features: |
---|
|
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information
TSA PreCheck costs 78 USD for a 5-year membership, and it’s an affordable option for frequent domestic travelers in the US. Any subsequent memberships only cost 70 USD.¹
You may also be able to get a full TSA PreCheck reimbursement from your credit card company. Cards like the Bank of America® Premium Rewards Credit Card³ or the Chase® Sapphire Reserve Card offer this perk.⁴
It’s easy to apply for TSA PreCheck. We’ve put together a step-by-step guide to help you fill out your application.
Step 1. Complete an application form for TSA PreCheck via the Trusted Traveler Program System. It’s important to note that only websites ending in “.gov” are official
Step 2. Schedule an in-person interview at your local enrollment center
Step 3. At your appointment, a TSA agent will take you through a background check and you’ll give your fingerprints. You’ll also need to pay your application fee
Step 4. Once approved, you should receive your Known Traveler Number (KTN) in 3-5 days. You’ll need this number to use the TSA PreCheck line at any participating airports²
There are a few reasons why you may not receive approval for TSA PreCheck. You may have completed your application incorrectly or you may have a disqualifying criminal offense.²
If you’re not approved for TSA PreCheck, you can call the TSA Contact Center at (866) 289-9673 for further advice and support.²
You can only apply for TSA PreCheck if you’re a US citizen, US national, or lawful permanent resident of the US. Canadian citizens who are members of NEXUS can also apply for TSA PreCheck.⁵
If you’re traveling with friends or family, it’s important to double check you have everything you need before you head to the airport.
Children aged 12 and under can use the TSA PreCheck line when accompanied by a parent or guardian.
Children over 13 years old can also pass through the TSA PreCheck line with their parents when traveling on the same reservation and if the TSA PreCheck indicator is on their boarding pass.
However, any children traveling alone must have their own TSA PreCheck membership.²
Your application may take up to 60 days to process. However, many applicants receive their approval notification 3-5 days after their interview. You’ll know you’re approved when you receive your KTN.²
TSA PreCheck approval lasts for 5 years. TSA recommends renewing your membership at least 60 days before your old membership expires, as it can often take some time for members to receive their new KTN.²
Global Entry is another Trusted Traveler Program available for low-risk travelers. This program expedites US Immigration and Customs and it includes the benefits of TSA PreCheck, letting members speed through both customs and security at the airport.
Clear is a private company that allows you to verify your identity using designated Clear machines at the airport, instead of waiting for a TSA agent to physically check your documents.
Use Global Entry and Clear in conjunction to speed up your airport journey every time you fly.
TSA PreCheck is a convenient Trusted Traveler Program for frequent flyers across the US. Although it’s aimed primarily at domestic travelers, there are plenty of reasons to use this program — and you can avoid waiting in long lines every time you fly.
To find out how to start spending like a local, check out Wise.
Sources:
Sources checked on 07.24.2023
*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.
You're all set for your trip abroad, and the question comes up: where can I exchange foreign currency? In this article, we'll go through all the options & tips.
Heading abroad? Here’s everything you need to know about ordering Canadian dollars in the US.
Going abroad and in need of foreign currency? In this article, we'll explore where to exchange currency - from good deals to the places you should avoid.
Are you a frequent flyer? Find out how much a private jet costs and other options, such as chartering and fractional ownership.
Want to sail around the world? Find out how much a world cruise costs and what these expeditions typically include for passengers.
Heading abroad? Here’s everything you need to know about ordering pesos with Chase bank.