How to Buy Euros in the United States

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If you plan to travel to a country in the European Union that uses euros, you may want to have a few euros on hand when first arriving. Having euros will allow you to rent a taxi or pay for a hotel room before using a local ATM. Although not every bank in the United States provides currency exchange, a few different options are available when it comes to purchasing euros.

Close up of Euro notes.
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Step 1

Stop by your local bank and see if it provides currency exchange services. If the bank does not, it will be able to direct you toward a bank that does.

Try your local bank.
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Step 2

Monitor the exchange rate given by the bank. This is slightly lower than the daily rate (the bank takes a small cut from all exchanges made). The exchange rate changes every day and you want to change your funds when the exchange rate is in your favor (this has a lot to do with the how the U.S. and foreign economy is faring). The better the U.S. economy is, the better your exchange rate is.

Stock exchange.
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Step 3

Trade in your funds at the bank. Typically the more you trade, the better your rate (as some banks only charge you a flat fee per exchange). Sign off on the receipt when you receive your funds.

Trading funds.
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Tips & Warnings

  • Purchase euros from a AAA location. AAA offers a wide variety of currency exchanges, including euros. You are typically going to pay a 2 percent fee on top of the amount of currency you obtain.
  • Buy currency from a currency changer at your local airport before departing on your flight to Europe.

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