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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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is this a "normal" occurrence when you're exchanging money?
I called around and found out that Chase changes dollars to Euros for a flat fee of $5, great!
so DH and I go there today and at the end of the transaction, the teller tells us that he'll call us when the Euros come in, by Tuesday the latest  then gave us a receipt to hold on to.
I was under the impression that they would have the money there. 
just wondering if this is normal.
Message edited 12/13/2008 3:17:36 PM.
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Posted 12/13/08 3:17 PM  |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: is this a "normal" occurrence when you're exchanging money?
I do not think most banks keep foreign currency on hand. So therefore they have to request it from their central bank.
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| Posted 12/13/08 4:47 PM |
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yankinmanc
Happy Days!
Member since 8/05 18208 total posts
Name:
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Re: is this a "normal" occurrence when you're exchanging money?
Yes, some banks have some currencies in stock from time to time, but many times it has to be sent to the bank and you might have to wait.
Once I had a large sum of money sent to me in the post...how strange that was.
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| Posted 12/13/08 5:26 PM |
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BunnyWife
Insert Witty Comment Here
Member since 5/07 8274 total posts
Name:
BunnyWife
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by Lisa
I do not think most banks keep foreign currency on hand. So therefore they have to request it from their central bank.
That's probably what it is. In all honestly you will probably get a better exchange rate but taking money out of an ATM when you get there.
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| Posted 12/13/08 5:46 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by racheeeee
Once I had a large sum of money sent to me in the post...how strange that was.
umm yea, that is strange and I wouldn't have agreed to that. at least the bank is on my way home from work. so it's not inconvenient. just thought it was weird.
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| Posted 12/13/08 6:00 PM |
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yankinmanc
Happy Days!
Member since 8/05 18208 total posts
Name:
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by SweetestOfPeas
Posted by racheeeee
Once I had a large sum of money sent to me in the post...how strange that was.
umm yea, that is strange and I wouldn't have agreed to that. at least the bank is on my way home from work. so it's not inconvenient. just thought it was weird.
Its their responsibility to get the money to me, so I don't care if they send a small man on a camel, as long as they take responsibility for it! It arrived safely.
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| Posted 12/14/08 6:24 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: is this a "normal" occurrence when you're exchanging money?
Yes. Most banks do not keep foreign currency in their vaults.
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| Posted 12/14/08 11:50 AM |
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DandN
Twins are here!
Member since 3/06 3597 total posts
Name:
Deirdre
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Re: is this a "normal" occurrence when you're exchanging money?
It's normal practice for Chase to do that.
I always found that I got a really good rate when I just used the ATMs in Europe.
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| Posted 12/14/08 2:25 PM |
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Shorty
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Member since 5/05 30390 total posts
Name:
really
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by DandN
It's normal practice for Chase to do that.
I always found that I got a really good rate when I just used the ATMs in Europe.
yep me too
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| Posted 12/15/08 9:59 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: is this a "normal" occurrence when you're exchanging money?
That's normal for a lot of banks. DH "ordered" Euros from Chase before our honeymoon. He had to wait a few days before he could pick them up.
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| Posted 12/15/08 2:54 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by DandN
It's normal practice for Chase to do that.
I always found that I got a really good rate when I just used the ATMs in Europe.
Agreed. But it's a good idea to have some cash on hand before you leave, too.
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| Posted 12/15/08 2:55 PM |
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timanda
Puppy Love
Member since 6/08 1627 total posts
Name:
Amanda
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Re: is this a "normal" occurrence when you're exchanging money?
I'm surprised by all the responses.
When we were leaving for our honeymoon Dh exchanged several thousand dollars for euros and they had it on hand and it was a Chase bank as well. I guess some banks have it but most don't as it seems.
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| Posted 12/15/08 3:37 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: is this a "normal" occurrence when you're exchanging money?
I have never done this b/c the exchange isn't worth it.
there are atm's at every airport.
we just find one and take money out when we get off the plane. easy at pie...never had a problem.
although, you may have had better luck going to a branch of a euro bank based here...they may have had the cash upfront.
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| Posted 12/15/08 4:15 PM |
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Re: is this a "normal" occurrence when you're exchanging money?
I've never felt the need to get Euros before a trip. It's so easy to just go to an ATM. The exchange rate is so much better too. Just give your bank a heads up before going.
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| Posted 12/15/08 9:22 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: is this a "normal" occurrence when you're exchanging money?
I had to order Euros once from Citibank. They don't carry foreign currency typically in the branch.
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| Posted 12/16/08 12:37 PM |
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melbalalala
Little Lady
Member since 5/07 5015 total posts
Name:
Melissa
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Re: is this a "normal" occurrence when you're exchanging money?
Posted by Kara
Posted by DandN
It's normal practice for Chase to do that.
I always found that I got a really good rate when I just used the ATMs in Europe.
Agreed. But it's a good idea to have some cash on hand before you leave, too.
I disagree, it's not worth the $$ to exchange here to bring some with you "to have on hand".
I bring some US$ with me "just in case". If for some reason I can't find an ATM (which in the 35+ countries I've been to has never been a problem), I can just exchange the $$s for local currency until I find an ATM. Yes, the exchange rate there is ridiculous, but you'll almost never have to fall back on that plan, so it's worth the risk.
Message edited 12/16/2008 3:12:10 PM.
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| Posted 12/16/08 3:11 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: is this a "normal" occurrence when you're exchanging money?
I got a pretty good exchange rate. and the $5 fee was very reasonable I think.
I just came back from Chase with the euros.
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| Posted 12/16/08 3:18 PM |
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4PsInaPod
My Loves <3
Member since 7/07 10079 total posts
Name:
D
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Re: is this a "normal" occurrence when you're exchanging money?
banks don't usually have foreign currency on hand...
We went to an Amex travel center before we went...I forget how much it was but they have currency on hand. (most do)
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| Posted 12/16/08 8:27 PM |
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