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The best places for you to exchange your money are banks, post offices, border crossings and American Express locations. They have physical locations in various Canadian cities ( Keswick, Burnaby, Saskatoon, etc.) and they also have an online portal for exchanging currency. They provide lower rates and high-quality service for currency exchange. KnightsbridgeFX is an online currency service headquartered in Toronto, Canada. They typically have this type of service set in place so that foreigners can spend their cash for their services and products. You can also transfer one type of cash for another type within various tourist areas. Many train stations within Canada and America allow customers to exchange money. These government organizations provide this service to consumers who frequently travel or send money to other countries. They provide currency exchange services as well. This company provides financial and business services for clients. There are some American Express offices located in Canada. The information desks located within each mall can direct travelers to exchange locations. These locations are usually open during normal business hours. Shopping malls in Canada typically have locations for patrons to exchange money. Popular American banks include Bank of America, Wells Fargo and Citi. Exchange rates will also vary within the U.S. Travelers should shop around to find the best rates for their money. Remember that banks can set their own currency exchange rates. The Bank of Nova Scotia (Scotiabank), Canadian Imperia Bank of Commerce and Toronto Dominion Bank are among popular banking institutions in the nation. You can exchange your currency at your local bank before you leave, or you can wait until you arrive at your destination to find a bank to perform this transaction. Exchange Currency at Banksīanks are designed for money and exchanging your currency at this financial institution makes good sense. Customs and Border Protection agency also provides this information as well. The Canadian Border Service Agency website will provide more detailed information about this process. They will have to investigate if you are involved in a crime or supporting some type of illegal terrorist activity. Ultimately, if you don’t report that you have $10,000 (or more) in currency and border service agents somehow figure out that you have this money they can take it from you and even detain you. However, most airports that receive foreign travelers typically has a CSBA office that handles currency transactions. This rule doesn’t just apply to cash it also applies to various monetary instruments such as bank drafts, checks, stocks, traveler’s checks or bonds.Īir travelers will also have to do the same thing. A CSBA Declaration card is used to complete this process. This rule also applies to couriers and to individuals who are transporting cash for another party. A border service officer will walk you through the process of completing a declaration form.

currency) or more into or out of the country this amount must be reported. However, if you bring $10,000 (Canadian or U.S. This is also true for people entering into the U.S. According to the Canadian government, you can bring any amount of money into the country. A border service officer will usually carry out this transaction. Travelers who go to Canada by driving a vehicle can exchange their U.S. You can Exchange Money at the Canadian/U.S. Keep reading to find out where these places are located.

There are places inside of Canada where visitors can exchange American dollars for Canadian currencies. When American or Canadian people travel back and forth across the border, they will need to exchange their money to purchase goods or services in each country. USD money is commonly used in both countries. This form of currency is only used in Canada and it has a lower value than the standard American buck. The Canadian dollar ( CAD) is not the same as the U.S.