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Currency Exchange cad to usd

Discussion in 'Misc. Vegas Chat' started by dernsky, Mar 17, 2015.

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  1. dernsky

    dernsky Low-Roller

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    heading down in june, was interested if anyone was exchanging their CAD cash to USD in vegas. which hotel gave the best exchange rate. ty:beer:
     
  2. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    you're likely better off changing it before leaving
     
  3. BCMike

    BCMike VIP Whale

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    Yeah. I'd use a bank. Casinos and airports take a few extra cents per dollar from what I've seen.
     
  4. newmans

    newmans VIP Whale

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    Also, if you travel to the US frequently or make online purchases in the US, I'd get a US$ Visa card. The spread on foreign exchange with credit cards is much worse than a bank. If you buy and return on a Canadian $$ credit card, you'll probably loose 500+ basis points in the dollar spread.
    example: You make a purchase for $100 US on your visa. With the fx, your cost is $130. If you return the same item, Visa will credit you back $124.
     
  5. BCMike

    BCMike VIP Whale

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    I know my US Amex no longer charges a foreign transaction fee (additional percent or 2 in addition to exchange) but I'm a US resident now. Not sure if it works the same for cad Amex being used in the US.

    You may also want to look into getting a checking account with a Canadian bank. Some will reimburse ATM fees on those when used in the US. You can also buy USD over time and leave it in the account to take advantage of fluctuations in currency conversion.
     
  6. blackjacknut

    blackjacknut VIP Whale

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    I would suggest you get an account with TD bank...they have accounts for Canadians as well as Americans who travel across the border frequently. Sine TD has banks both in Canada and the U.S. you can access your money on both sides of the border.
     
  7. BCMike

    BCMike VIP Whale

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    RBC has the same but not sure if they have any branches in Nevada.
     
  8. Julie888

    Julie888 High-Roller

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    I haven't found any TD banks in Nevada. Their emphasis is the east coast, especially Florida from what I've seen.
     
  9. blackjacknut

    blackjacknut VIP Whale

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    Yeah not sure TD has any locations in Las Vegas but someone may be better off even if you have to pay the ATM fees. Not sure if this is still the case but The Bank Of Nevada used to have some of the lowest ATM fees.
     
  10. newmans

    newmans VIP Whale

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    Correct, they don't have any branches in Nevada.
     
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