Spain currency

Best Places to Exchange Currency in Miami

If you’re heading to Miami on business, or if you’re just on a mission to worship the sun at some of the most popular beaches in the United States, you’ll need the cash.

With over 100 international consulates and international trade workplaces, Miami’s status as a tourist metropolis with a high population in the world means that you will find many more places to work than in the common metropolitan area. According to the Better Miami Conference & Guests Bureau, Miami had over 23 million guests in 2018.

When vacationers want cash, is where the best place to go? While ATMs are sometimes the best default choice, there are certain circumstances where a forex trade may also be a bigger bet.

Key points to remember

  • Miami-Dade County has a large number of forex trading workplaces.
  • Forex trading workplaces have varying hours of operation.
  • It may be cheaper to exchange currency in your home country with your bank before traveling abroad.
  • Always have cash with you when you travel.
  • Exchanging cash through an ATM can also be expensive due to fees charged by the financial institution for international transactions.

If you arrive in Miami

US banks aren’t usually the only ones charging fees at ATMs, also known as ATMs, for customers touring overseas.

Avoid forex trading kiosks at the airport, they usually cost high transaction fees and offer low transaction fees.

If you are a foreigner planning a vacation or business trip to Miami, check with your bank beforehand to find out about their insurance policies on foreign withdrawals and transactions. After all, even if you are an account holder at a financial institution that offers favorable foreign transaction fees, there is a good chance that you will find yourself in a situation (lost bank card, forgotten PIN code) which requires you to chase forex trading.

In these cases, you will be quite happy that you just decided to hold the equivalent of a hundred US dollars in your home forex with you.

If you’re leaving from Miami

One of the advantages of currency exchanges over ATMs is that many banks charge high fees for international transactions. US banks typically charge between $2 and $5 for overseas withdrawals, and a few additionally charge transaction fees that amount to 1% to 3% of the total withdrawal. Answer ? Track down a financial institution that offers no fees for international transactions and ATMs.

If your flight leaves in 48 hours and you notice that your bank is definitely costing the highest price of these fees, it may be a good idea to go to one of Miami’s currency exchanges.

Miami Cash Exchanges

Whether you arrive or depart or not, the next are 4 controlled locations to accompany your {dollars} or international forex.

1. Abbot International Cash Trade, 230 NE 1st St., Miami, (305) 374-2336

Simply reached by the local MetroMover practice – get off at the First Avenue station – this storefront forex trade near Bayfront Park wins optimistic reviews from buyers for favorable fees and friendly service.

Like many businesses in Miami, a metropolis commonly known as the “Capital of Latin America,” Spanish is spoken here. Although the range of currencies it has may also be limited, it can be a very good place to exchange {dollars} for euros.

2. Forex Trade Worldwide, 7535 North Kendall Dr., Miami, (305) 662-7155

A trusted national chain that is guaranteed to match or even beat the same day trading fees provided by local banks, this department is located in the Dadeland Mall. If you’re just arriving in town, the website provides step-by-step directions from Miami-Dade World Airport. It is open until 9 p.m. every day except Sunday when it closes at 7 p.m.

3. Lincoln Forex Trade, 1633 Washington Avenue, Miami Seaside, (305) 672-1633

If you’ve escaped the cold weather elsewhere and are heading straight from the airport to the sea, the Lincoln Forex Trade offers a convenient place to exchange international currency for {dollars} in the Miami Seaside/South Seaside area.

With over 80 types of foreign currencies available, this is undoubtedly one of the best currency exchanges for vacationers from smaller countries whose currencies are unlikely to be carried by most banks and other currency exchanges. For those guests who like to stay up late, this business keeps its doors open until 10 p.m., seven days a week.

4. First Residents Financial Institution, 250 Palermo Ave, Coral Gables, FL 33134 (305) 639-7200

If you are a local resident planning an overseas trip and just want the security of getting some international currency available before your departing flight, First Residents Financial bank in Coral Gables is a strong bet. Providing helpful customer support for those new to forex trading, their fees should be up to market value.

The back line

It might be tempting, after you’ve finally dragged your carry-on up the walkway, through the terminal and cleared customs, to hit the first forex trade you see. Don’t give in to jet lag and keep walking. Airport exchange exchanges offer notoriously low fees compared to market value.

It’s a much better concept to hop in a taxi and head into town for a good currency exchange: you’ll happily get plenty of extra Cuban sandwiches and daiquiris by the beach from that pile of payouts in your pockets.