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Getting currency changed in Vegas

Discussion in 'Misc. Vegas Chat' started by Chrisnewton, Aug 1, 2014.

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  1. Chrisnewton

    Chrisnewton Low-Roller

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    Hi all

    I fly to Vegas from UK in 2 weeks and hopefully will have enough money. However should the slots not be kind and I run out I was curious as to where you can get money changed over? I will have my debit card so would like some dollars if I run out.

    Also is the exchange rate any good over there compared to UK.

    Thanks

    Chris
     
  2. kevstf

    kevstf Low-Roller

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    When you get US Dollars at the ATM from a bank isn't it just the actual rate at that moment/day with a fee for using the ATM abroad?
    If you take English pounds and go to a money exchange you will get a lower rate, as those companies earn their money that way
     
  3. nickle

    nickle Low-Roller

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    When I have taken cash from an ATM using my Canadian debit card, the exchange rate is calculated by my bank at the same rate that I would get at home. Be careful of ATM fees. They are added on before exchange. I have been told that the place to use an ATM is at the Casino Royale because the fee is $1.00. Have a great trip!
     
    Celebrating 70th year
  4. scottydoog

    scottydoog Low-Roller

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    You can change GBP or Euros at most of the major casino cages. Depending on who your card issuer is will depend on the ATM fee, this will be on top of the casino charge. I usually take $2-3000 in amex travellers checks as back up, they never go out of date, and I,ve never had any problems cashing them at any casino in Vegas.
     
  5. seviay

    seviay High-Roller

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    I'm a U.S. citizen, so I don't know whether this is feasible, but maybe you could set up a line with the casino and have them front you whatever money you need. When you get home, if you owed anything, you could wire them the money and not have to worry about anyone ripping you off on the exchange rate of ATM fees. I'm just not sure what their rules are for international players, but there must be some way since they attract non-U.S. "whales" to their casinos
     
  6. ardee

    ardee VIP Whale

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    Sorry to go off-topic but I love your board name, scottydoog. My grandfather was born and raised in Scotland, and my dad's nickname was Scotty. :beer:
     
  7. Auggie

    Auggie Dovahkiin

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    It doesn't work like that: anything you do in the USA with your bank card will be in US dollars... so you can't go to a money changer or ATM or the casino and make a withdraw in a foreign currency and then exchange it, it would come out in US dollars.

    If done using debit or a credit card the exchange will actually be done by your bank, so if you go to a bank machine and put in your card and take out $200 USD the ATM will tell your bank that it gave you $200 USD in cash and then however much it was in ATM fees (also USD) and then your bank will exchange the money from your account to cover the withdraw.

    To actually do an exchange in the USA you would need to bring hard currency with you (cash or travellers checks in a foreign currency) and then go to a money changer or the casino cage to convert to US dollars.

    I wouldn't worry too much about exchange rates: worldwide the rates are all pretty close to each other so if somebody has a better rate its only going to be something in the range of a fraction of a percent up to maybe a percent... unless you are exchanging vast sums of money the difference in exchange rates is pretty negligible: IE: if you exchange $500 and afterwards realize you could have gotten 0.25% better exchange at home that only adds up to a $1.25 difference
     
  8. Chrisnewton

    Chrisnewton Low-Roller

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    Thanks all for your answers very much appreciated
     
  9. paperposter

    paperposter VIP Whale

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    casinos and fashio show mall has a exchange both like a real one you see at airparts all over the country
     
  10. Chrisnewton

    Chrisnewton Low-Roller

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    What is the average fee at a atm? Does it tell you that before you use it? I'll try casino royal. Thanks again
     
  11. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    usually less than 2 quid
     
  12. Auggie

    Auggie Dovahkiin

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    I think they warn you there will be fees and will probably list some of the fees, but they won't say the whole amount because there could be fees from multiple sources.

    As an example I used a bank machine at Ti about 6 years and it had 4 fees where one was the ATM fee, one was a network fee (can't remember if that was cirrus or interac) and then my bank added on two fees of its own - in this case the ATM wouldn't know what or how much the fees were going to be from my bank so it can't list those... in the end that ATM use wound up costing me $14 in total fees
     
  13. Chrisnewton

    Chrisnewton Low-Roller

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    Thank you
     
  14. voltron12

    voltron12 Low-Roller

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    Is there anywhere to exchange Canadian currency for US cash.
     
  15. pebbles

    pebbles VIP Whale

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    Where do you bank? That will make a huge difference in your charges.
    http://www.moneysavingexpert.com/travel/cheap-travel-money
    This link might help you, but it will be too late to apply for the best cards now.

    Casino Royale had the best fees for withdrawals in May. $1 per transaction plus you own banking fees. With Nationwide and a few others, that is zero.

    Have a great trip and check out MSE for your future travel. They have saved me a lot over the years.
     
    First trip of 2017.
  16. Chrisnewton

    Chrisnewton Low-Roller

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    Thanks for help I bank with Nat West
     
  17. wigwam_salesman

    wigwam_salesman VIP Whale

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    I bank with Natwest. Fees are high on their debit card for small transactions so I just do a lump sum cash advance at the cage.

    On the plus side the exchange rate is generally better than I'm offered in the UK from anywhere. On the negative front there will be a big handling fee.

    It varies hotel to hotel but last time I did it was April and I was charged $100 for a $2,500 cash advance.

    That's a lot cheaper than using my card all the time though and because of the better exchange rate it didn't actually cost me any more than back home.

    Make sure you tell nat west you are going to America before you leave.
     
  18. Chrisnewton

    Chrisnewton Low-Roller

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    I was only thinking of having to draw about 300 pound out etc, but yes good idea I'll tell them
     
  19. Kryten2x4b

    Kryten2x4b Low-Roller

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    The exchange rate is good at the minute , if you go to the US regularly you could get some more $$ before you travel and if you don't need it all then you could keep it for your next trip (assuming you can afford to have money sitting in the house) or sell it onto someone when you get back (I have sold spare $$ on to folk at work a couple of times), just another possibility .
     
  20. pebbles

    pebbles VIP Whale

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    Another possibility is changing sterling cash at the casino cage.

    Best rates we found last trip were at Cosmo and TheIP/Quad/Linq.
     
    First trip of 2017.
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