Sachin Walls
If you're looking to exchange currency at Philadelphia International Airport, you'll have a few options to choose from. While airport currency exchanges are convenient, they don't always offer the best rates or lowest fees. If you're looking for euros specifically, you can exchange your money at one of the airport's Travelex kiosks, which are spread across multiple terminals. Alternatively, you can use CXI, which has two locations in the airport and offers fast and convenient currency exchange. If you're looking to get the best rates, consider using a multi-currency card or account, or wait until you arrive at your destination and use a local ATM.
| Characteristics | Values |
|---|---|
| Currency exchange providers at Philadelphia International Airport | Travelex, CXI, Currency Exchange International |
| Number of locations | 3 |
| Services offered | Currency exchange, travel insurance, phone cards, pre-paid currency cards |
| Pros | Convenient, multiple locations, multiple services |
| Cons | Higher fees, may not offer the best exchange rates |
| Alternatives | Using a multi-currency account or travel card, exchanging currency at a local bank, using an ATM abroad |
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What You'll Learn
Currency exchange options at Philadelphia International Airport
Currency exchange at airports is usually not a good idea as the exchange rates available can be less favourable than those in city exchanges, where competition drives the cost down. However, if you need to exchange currency at Philadelphia International Airport, you have a few options.
Over-the-counter service
You can exchange money on the spot by visiting a currency exchange location and paying in cash or with a card for your foreign currency. This is a fast and convenient choice if the exchange office has the currency you need in stock. However, it can also be pretty expensive due to high fees and hiked-up exchange rates. Travelex is a well-known global currency exchange provider with several locations within Philadelphia International Airport.
Online pre-order
Some providers, such as CXI, allow customers to order their foreign currency online and collect it at the airport. This can get you a better exchange rate compared to an on-the-spot exchange, and you are guaranteed that the exchange office will have the currency you need.
ATMs
Using an ATM to withdraw cash in the local currency of your destination is another option. ATMs are commonly available and can offer a fair exchange rate. However, be aware of foreign transaction fees, which can be as high as 3%, and international ATM fees, which can be up to $5 per transaction.
Multi-currency cards
Using a multi-currency card from providers such as Wise or Revolut is often a more cost-effective option than exchanging physical currency at an airport. These cards provide conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get the best possible value for your money.
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Travelex currency exchange provider
If you're looking to exchange currency at Philadelphia International Airport, Travelex is a well-known global currency exchange provider with several kiosks located across multiple terminals. This makes it easy to find what you need, regardless of your airline.
Travelex offers more than just currency exchange. You can also purchase travel insurance, phone cards, and pre-paid currency cards, which can be a safe and convenient way to carry foreign currency. Travelex accepts most major credit and debit cards for currency purchases. However, some credit cards may treat these purchases as cash advances, resulting in higher fees and interest rates.
While airport currency exchange services, including Travelex, typically charge higher fees compared to banks or online services, they can be a good option if you value convenience and need quick cash before boarding your international flight. It is recommended to plan ahead and exchange currency at your local bank or credit union before heading to the airport, as they usually offer better rates and lower fees.
If you know you will need foreign currency, you can also order it online from Travelex and pick it up at the airport, which may offer better rates and availability. Additionally, consider using an ATM at your destination to withdraw cash in the local currency, as this can sometimes provide better rates, even after accounting for fees.
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Online pre-order for currency exchange
If you know you will need foreign currency, consider ordering it online and picking it up at the airport. This can be a more cost-effective option than exchanging physical currency at an airport. Some providers, such as CXI, allow customers to order their foreign currency online for airport collection. This can get you a better exchange rate compared to an on-the-spot exchange, and you are guaranteed that the exchange office will have the currency you need.
You can also order a prepaid currency card, such as the multi-currency card from Wise, which can be a more cost-effective option than exchanging physical currency at an airport. Wise provides conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get the best possible value for your money.
If you are exchanging a large amount of money, it is a good idea to call the exchange service in advance to make sure they have enough money. Not all exchange desks stock all currencies, and the cash they keep in stock can be limited.
You can also use online tools to check and compare currency exchange services to make sure you get a good deal. For example, TransferWise (now Wise) and Revolut offer multi-currency accounts with low fees. Currencylive.com allows you to view, check, and compare currency exchange rates for different currencies and from different services.
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$19.99
ATM cash withdrawals
If you're looking to withdraw euros from an ATM at Philadelphia International Airport, there are a few things to consider. While ATMs are a convenient option for accessing cash, there are limited details available specifically about euro withdrawals from ATMs at the airport. Here are some important points to keep in mind:
- ATM Availability: Philadelphia International Airport likely has ATMs available within the airport premises, but it is unclear if these ATMs dispense euros or are limited to dispensing US dollars. Contacting the airport or checking their website may provide more specific information on ATM locations and their services.
- Currency Exchange Options: The airport does offer currency exchange services through providers like Travelex and CXI. These services allow you to exchange currency on the spot or pre-order for airport collection, ensuring you have the desired currency before your trip.
- Exchange Rates and Fees: Using an ATM at your destination airport to withdraw euros may offer a more competitive exchange rate and lower fees. Airport currency exchange services often have higher fees and less favourable exchange rates due to a lack of competition.
- Convenience and Accessibility: Withdrawing cash from an ATM can be a quick and convenient option, especially if you need a small amount of cash upon arrival. However, it is recommended to inform your bank and credit card companies about your travel plans to ensure seamless transactions abroad.
- Alternative Options: Consider alternative options such as ordering foreign currency from your bank or using a multi-currency card or travel card, which can provide better exchange rates and lower fees, along with flexible spending and withdrawal options.
While the availability of euros at ATMs in Philadelphia International Airport is uncertain, the airport does provide various currency exchange options for travellers. It is recommended to assess your priorities, plan ahead, and compare fees and rates to make an informed decision that aligns with your specific needs.
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Multi-currency accounts
While it is possible to exchange currency at Philadelphia International Airport, it is not always the best idea due to the high fees and unfavourable exchange rates. Instead, consider opening a multi-currency account, which offers a range of benefits for international travellers and businesses alike.
A multi-currency account is a single bank account that allows you to hold, send, receive, and convert multiple currencies. This eliminates the need for multiple foreign accounts when dealing with non-native currencies. For example, HSBC's Global Money account allows payments and transfers in up to 19 currencies, with no HSBC fees. Multi-currency accounts also often come with integrated tools to help you track expenses, set up and control budgets, and analyse your financial situation.
These accounts are particularly useful for international trade, allowing businesses to receive payments in multiple currencies in one account instead of many. They can also help protect individuals and businesses from potential threats to personal or corporate wealth, such as local disturbances or exchange rate fluctuations. Additionally, multi-currency accounts can simplify reporting on international assets by allowing you to hold and manage them in a single location.
However, it is important to note that multi-currency accounts may have transaction fees, ATM withdrawal fees, and annual account management fees. Therefore, it is essential to research and compare different accounts to find the one that best suits your needs.
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Frequently asked questions
Yes, you can exchange your dollars for euros at Philadelphia International Airport.
You can exchange currency at Travelex, which has several kiosks spread across multiple terminals. Alternatively, CXI has two locations in the airport, one on the Terminal A West concourse and the other in the A/B Connector.
Exchanging currency at the airport is convenient and saves time. You can also get other services done at Travelex, such as purchasing travel insurance and phone cards.
Airport currency exchange services typically charge higher fees and offer less favourable exchange rates compared to banks or online services.
