Ruth Haines
Logan International Airport (BOS) has currency exchange services available, with a few options to choose from, including over-the-counter services, online pre-order, and ATMs. However, it is worth noting that airport currency exchange services often come with higher fees and less favourable exchange rates compared to other locations. They tend to charge high rates due to their convenience as the first option after clearing customs. Additionally, not all exchange desks stock all currencies, so it is recommended to call in advance for large exchanges. As such, it may be more cost-effective to use a multi-currency card or withdraw money from an ATM, especially one from a bank with a partnership with your home bank, as this can result in lower fees.
| Characteristics | Values |
|---|---|
| Currency exchange available | Yes |
| Number of exchange counters | 1 |
| Terminal A exchange | Travelex Foreign Exchange Booths |
| Terminal B exchange | Travelex Foreign Exchange Booths |
| Terminal C exchange | Travelex America, Travelex Foreign Exchange Booths |
| Terminal E exchange | Travelex Foreign Exchange Booths |
| Better rates available | Yes, at banks and ATMs |
| Recommended exchange amount | Minimum amount needed to get to your accommodation |
| Recommended exchange location | Currency Exchange International, Rockland Trust Bank, TD Bank |
| Recommended card | Wise Multi-Currency Card |
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What You'll Learn
Currency exchange locations at Logan Airport
Logan International Airport (BOS) has one currency exchange location. However, airport currency exchange services often come with high fees and unfavourable exchange rates due to a lack of competition. If you plan to exchange a large amount of money, it is advisable to call ahead and ensure that the desk has enough currency in stock.
There are several options for exchanging currency at Logan International Airport:
- Over-the-counter service: Visit a currency exchange counter and exchange cash or card for your desired foreign currency. This option is convenient if the exchange office has the currency you need, but it can be expensive due to high fees and unfavourable exchange rates.
- Online pre-order: Some providers, such as CXI, allow customers to order foreign currency online for collection at the airport. This can secure a better exchange rate and guarantee that the office has the required currency in stock.
- ATMs: Withdrawing cash in the local currency upon arrival at your destination via an ATM is a common and fair-priced option, offering reasonable exchange rates.
If you are exchanging dollars for euros, there is a Change Bureau located at Terminal A of Logan International Airport. Additionally, Travelex Foreign Exchange Booths can be found on the departures level at Terminals B and C and on both departures and arrivals levels at Terminal E. Travelex America is also located on the departures level at Terminal C.
It is generally recommended to explore alternatives to exchanging physical currency at the airport. For instance, consider using a multi-currency card or opening a multi-currency account to achieve better exchange rates and lower fees.
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Using ATMs at Logan Airport
ATMs are a good option for withdrawing cash in the local currency of your destination. They are commonly available at airports and can offer a fair exchange rate. Using a credit card at an ATM can also be a good option, as you will have a record of your transactions, which may be useful for VAT reimbursements.
However, it is worth noting that using a multi-currency card or account might be a more cost-effective option than exchanging physical currency at an airport. Services like Wise provide conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get the best value for your money.
Additionally, if you are exchanging larger amounts of money, it is advisable to call the exchange service in advance to ensure they have enough cash on hand and can meet your needs.
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Exchanging large amounts of money
If you're looking to exchange large amounts of money at Logan International Airport, there are a few things to keep in mind. While the airport does have currency exchange counters available, exchanging large sums of money at airports is generally not recommended due to unfavourable exchange rates and high fees.
Firstly, it is advisable to compare various options to ensure you get the best deal. Exchange rates at the airport tend to be less competitive due to a lack of competition, and fees may be added on top of the quoted exchange rate, increasing the overall cost.
To get a better rate, consider ordering your foreign currency online for airport collection. This guarantees that the exchange office will have the currency you need and can often secure you a more favourable rate compared to exchanging money on the spot. Travelex Currency Services at Logan Airport, for example, suggests ordering your currency online a day in advance to get better rates and then picking it up immediately upon landing.
Additionally, using a multi-currency card or opening a multi-currency account can be a more cost-effective option. These cards provide conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get better value for your money.
If you do decide to exchange a large sum of money at the airport, it is recommended to call the exchange service in advance to ensure they have sufficient funds and the specific currency you require. Not all exchange desks stock all currencies, and they may have limited cash on hand.
Lastly, be cautious and vigilant when carrying large amounts of cash at the airport, as travellers are often targets for petty thieves due to their distraction and unfamiliarity with the surroundings. Consider using airport lockers to securely store cash and other valuables if available.
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Alternatives to exchanging at the airport
While exchanging currency at the airport is convenient, there are other options that may offer better exchange rates and lower fees. Here are some alternatives to consider:
- Your bank or credit union: This is often recommended as the best place to exchange currency. Banks typically offer better exchange rates and lower fees than airport kiosks. However, banks may not buy back all currency types, and there might be transaction costs involved. It is also important to note that exchanging currency at a bank may require more time and planning compared to airport exchanges.
- Multi-currency cards or travel cards: These cards can help you get a better exchange rate and offer flexible spending and withdrawal options with low overall costs. For example, the Wise Multi-Currency Card provides conversions at the mid-market exchange rate without any markups or hidden fees.
- ATMs: Using an ATM at your destination airport or in the local area can be a convenient and cost-effective way to obtain local currency. ATMs often offer fair exchange rates, and using your debit or credit card can be safer than carrying large amounts of cash. However, it is important to consider any ATM withdrawal limits and transaction costs that may apply.
- Pre-ordering foreign currency: Some providers allow customers to order their foreign currency online for airport collection, ensuring a better exchange rate and availability of the desired currency.
- Credit cards and prepaid cards: Using credit cards, prepaid cards, or mobile payment providers (such as Google Pay or Apple Pay) can be good alternatives to carrying large amounts of cash. These options often have no foreign transaction fees and offer fraud protection and safety features.
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Safety considerations when exchanging money
When exchanging money, there are several safety considerations to keep in mind to protect your finances and personal information. Here are some key tips for staying safe:
Research Exchange Rates
Before your trip, be aware of the current exchange rates to ensure you get a fair deal. Unfamiliarity with exchange rates may result in you getting unfavorable rates and paying high currency exchange fees.
Plan Ahead
Ordering currency from your bank or using a multi-currency account or card before your trip can help you get better exchange rates and lower fees. Additionally, consider ordering currency online for airport collection, which can provide better rates than on-the-spot exchanges.
Avoid Carrying Large Amounts of Cash
Limit the amount of cash you carry by using credit cards for larger purchases. This reduces your risk of loss or theft and ensures you have enough cash for small expenses. Keep your cash and wallet secure, especially when travelling through airports, as tourists are often targets for petty thieves.
Use Safe Payment Methods
When paying for goods or services, avoid using personal cheques or cash, as they can put your bank account and personal safety at risk. Instead, use credit cards, which offer more consumer protection. If meeting someone in person, choose a safe, well-lit, and public place to make the exchange.
Keep Records and Backups
When travelling, carry only the essential cards and leave unnecessary cards at home. Keep photos or encrypted copies of your cards securely stored, so you can act quickly if your wallet is lost or stolen. Additionally, test your online banking login before your trip and understand your bank's policies on reimbursing ATM fees abroad.
Be Cautious with Mobile Apps
Be cautious when using mobile apps to transfer money in foreign countries, especially those that rely on text messages. Some countries may have an untrusted mobile infrastructure, increasing the risk of financial loss. Avoid downloading country-specific mobile financial applications, as they may pose additional unknown risks.
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Frequently asked questions
Travelex Foreign Exchange Booths are located on the departures level at Terminals B and C and on both departures and arrivals levels at Terminal E. There is also a Travelex America located on the departures level at Terminal C.
Airport currency exchanges are known for offering poor exchange rates and high fees. It is recommended that you only exchange the minimum amount you need at the airport and consider other options for the bulk of your currency exchange.
You can get better rates and lower fees by using a multi-currency account and card, such as Wise, or by withdrawing money from an ATM. You can also exchange currency at Currency Exchange International, Rockland Trust Bank, or TD Bank's Foreign Exchange Centers in Boston.
