Loading Page...

Is it cheaper to exchange money at the airport?

Is It Cheaper to Exchange Money at the Bank or Airport? It is cheaper to exchange money at the bank (or by using an ATM) than the airport. That's because currency exchange stores and kiosks at the airports mark up the exchange rate to make a profit.



Exchanging money at the airport is almost never the "cheapest" option and is generally considered a move of last resort for savvy travelers. Airport currency exchange kiosks, such as Travelex or Global Blue, typically offer much poorer exchange rates—often 10% to 15% worse than the "interbank" mid-market rate—because they have high overhead costs and a captive audience of convenience-seeking travelers. Furthermore, these kiosks often charge high service fees or "commission" per transaction, which eats further into your funds. A much more cost-effective method is to use a local ATM in the destination city to withdraw cash using a debit card that has no international transaction fees (like Charles Schwab or Wise). This usually provides the best possible exchange rate. If you must have cash before you depart, exchanging at your local home bank or a credit union before you travel is almost always cheaper than waiting until you reach the airport terminal. In 2026, with the prevalence of digital wallets and contactless payments like Apple Pay and Google Pay, many travelers find they need very little physical cash, further reducing the need to visit expensive airport exchange counters.

People Also Ask

3 tips to avoid foreign transaction fees
  1. Get a no-foreign-transaction-fee credit card. Though most credit cards do charge foreign transaction fees, there are a number that don't. ...
  2. Use a debit/checking account with no foreign transaction fees. ...
  3. Pay in the local currency.


MORE DETAILS

Buy currency before you travel.
Doing so gives you time to shop around for the best rate. Plus, when you arrive, you won't have to immediately find a bank or currency exchange. Do some research ahead of time to see if US dollars are widely accepted at places you plan to go to.

MORE DETAILS

Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling.

MORE DETAILS

Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges. Check to see if your U.S. bank offers foreign ATM fee refunds for using a foreign ATM.

MORE DETAILS

It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.

MORE DETAILS