Foreign Currency Information FAQs

Convenience and peace of mind. You may need local currency for tips, taxis and other miscellaneous expenditures. Getting local currency before you leave means you don’t have to worry about finding an exchange business as soon as you arrive. You also don't have to worry about exchange businesses being closed in the event you arrive after hours or during a holiday.

Any Bank of America customer can exchange foreign currency at any financial center.

Bank of America uses many criteria to determine our currency offerings, including (but not limited to) local prohibitions on importing currency (for example, India), consistent availability of the currency and consumer demand for the currency. If you don’t see a currency listed for selection, we don’t currently offer it.

No, we don't. As a result of customer feedback regarding the many difficulties involved in cashing and using travelers cheques, we no longer offer this product.

Many countries periodically take their currency notes out of circulation. New currency notes are circulated to replace the old ones and the old notes are then considered out of circulation. Typically, national banks will accept the old notes for a brief period of time and distribute only the new notes. Bank of America only accepts foreign currency bills that are in current circulation.

No. However, you may be able to exchange many of these legacy currencies at the central bank of the individual country. Redemption criteria vary by country.

Mutilated currency is any currency that has been ripped, torn, taped, burned or substantially defaced. In many countries, merchants or banks will not accept these bills. Bank of America does not distribute or accept mutilated currency of any kind.

Bank of America, N.A. does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes, and currently has no plans to offer this service in the future. You may have read on the internet or heard from friends that Bank of America, N.A. buys and sells these banknotes, or has plans to offer this service. This information is not correct.

We urge you to seek the advice of a competent, professional investment advisor before making any investment. You should treat with extreme caution any investment schemes you read about on the internet, in chat rooms or hear about from friends or acquaintances.

Several state agencies, major financial institutions, and consumer protection groups have cautioned that this is a scam. Currently the Federal Bureau of Investigations and the Internal Revenue Service are investigating.