Currency Exchange At Msp Airport: Where And How?

Minneapolis–Saint Paul International Airport (MSP) has currency exchange services available at multiple locations across the airport. Currency Exchange International (CXI) offers exchange services at the airport, allowing travellers to buy and sell more than 80 foreign currencies. While convenient, airport currency exchange services are often expensive, and it is recommended to compare a few options before deciding to exchange money at the airport.

Currency Exchange International at MSP Airport

Currency Exchange International (CXI) offers currency exchange services at Minneapolis-Saint Paul International Airport (MSP). CXI has three locations within the airport: Terminal 1 Main Mall, Terminal 1 International Arrivals Baggage Claim (by Delta Bag Carousel 11), and Terminal 2 Airside.

CXI provides fast and convenient currency exchange services, buying and selling over 80 foreign currencies from around the world. They offer competitive exchange rates and accept various payment methods, including cash, debit cards, and credit cards. Credit and debit card transactions require valid government identification, and additional costs apply for credit card transactions. The transaction limit for credit cards is $2,999.99, while the debit card transaction limit is $4,999.99. Payments can be split between multiple payment types.

At the Terminal 1 location, CXI is located at the entrance to Concourse G and is open from 7 a.m. to 7 p.m. The Terminal 2 location is near Gate H5 and operates from 5:30 a.m. to noon. CXI also has a pre-security location near International Arrivals, close to Bag Claim 11, which is open from 11 a.m. to 7 p.m.

Customers can call ahead to ensure their desired currency is available and even reserve it for pickup before travelling. CXI offers most major currencies for immediate purchase, and their knowledgeable staff provides excellent customer service. With convenient airport locations, CXI aims to provide a stress-free and secure currency exchange experience for travellers.

Currency exchange rates and fees

Currency Exchange International (CXI) at the Minneapolis–Saint Paul International Airport (MSP) offers currency exchange services at two locations within the airport. While this is a convenient option, especially if you are in the airport for an extended layover, it is important to note that airport currency exchange services generally have higher costs due to a lack of competition.

To determine the true cost of using these services, you should consider both the quoted fees and the exchange rate being offered. These fees might not be immediately obvious, as they can be incorporated into the exchange rate. Additionally, it is recommended to compare the rates and fees with other options before deciding to exchange your money at the airport.

One alternative is to use a multi-currency card from Wise, which provides conversions at the mid-market exchange rate without any markups or hidden fees. This ensures you receive the best value for your money. However, if you prefer to exchange physical currency, you can call ahead to CXI to ensure your desired currency is available and reserve it for pickup. They buy and sell over 80 foreign currencies and offer immediate availability for many major currencies.

ATMs are also available at the airport and can provide access to cash in your desired currency. However, using ATMs may incur small fees, and it is advisable to distribute your cash across multiple secure locations on your person and carry-on luggage to minimize potential losses.

Currency exchange locations at MSP Airport

Currency Exchange International (CXI) offers currency exchange services at Minneapolis-Saint Paul International Airport (MSP). CXI has locations in Terminal 1 Main Mall, Terminal 1 International Arrivals Baggage Claim (by Delta Bag Carousel 11), and Terminal 2 Airside. In Terminal 1, there are two CXI branches: one post-security at the entrance to Concourse G, open from 7 a.m. to 7 p.m., and the other pre-security near International Arrivals and Bag Claim 11, open from 11 a.m. to 7 p.m. The CXI branch in Terminal 2 is located near Gate H5 and is open from 5:30 a.m. to noon.

CXI offers exchange services for more than 80 foreign currencies, including converting U.S. dollars into foreign currency and vice versa. They provide fast and convenient currency exchange with competitive rates and customer service. It is recommended to call ahead to ensure the availability of your desired currency and to reserve it for pickup before travelling. CXI accepts cash, debit cards, and credit cards for payments in U.S. dollars. Valid government identification is required for all credit and debit card transactions, which are subject to additional costs and transaction limits.

Money-saving alternatives to currency exchange at MSP Airport

MSP Airport does have currency exchange services available, but exchanging currency at an airport kiosk can be costly due to poor exchange rates and high fees. Here are some money-saving alternatives to consider:

Exchange Currency at Your Bank or Credit Union:

Before your trip, visit your local bank or credit union to exchange currency. They typically offer reasonable exchange rates and lower fees compared to airport kiosks. Some banks may even waive fees for premium account holders. Check with your bank in advance to confirm their requirements and exchange rates.

Use a Foreign ATM:

When you arrive at your destination, use a foreign ATM to withdraw local currency. This is often a more cost-effective option than exchanging cash, as you can avoid high exchange fees. Check with your bank to see if they have ATMs or banking affiliates at your destination, as using your own bank's ATM network can provide added convenience and potentially lower fees.

Compare Exchange Rates:

Before exchanging currency, take the time to compare exchange rates offered by different financial institutions. Websites like Reuters provide information on current exchange rates, allowing you to make an informed decision and ensure you're getting a fair deal.

Prepaid Currency Cards:

Consider using prepaid currency cards, such as those offered by Revolut. These cards allow you to lock in favourable exchange rates and avoid foreign transaction fees. They provide a convenient way to access local currency without carrying large amounts of cash.

Credit and Debit Cards:

If your destination is card-friendly, consider using no foreign transaction fee credit or debit cards. These cards offer fraud protection and safety features, such as the option to freeze them if misplaced. They can be a safer and more cost-effective alternative to carrying large amounts of cash.

Remember, planning ahead and exchanging currency before your trip can often result in significant cost savings. By utilising these alternatives, you can make the most of your money during your travels.

Using a multi-currency card

Currency Exchange International (CXI) offers currency exchange services at the Minneapolis-Saint Paul International Airport (MSP). CXI buys and sells over 80 foreign currencies and offers competitive exchange rates and customer service. At the airport, you can find CXI at the following locations:

• Terminal 1 Post-Security: Near the entrance to Concourse G (open from 7 a.m. to 7 p.m.)
• Terminal 1 Pre-Security: Near International Arrivals and Bag Claim 11 (open from 11 a.m. to 7 p.m.)
• Terminal 2 Post-Security: Near Gate H5 (open from 5:30 a.m. to noon)

Additionally, ATM/cash machine services are provided by U.S. Bank and Wings Financial Credit Union at various locations within the airport.

If you're looking for a more modern solution, you may consider using a multi-currency card for your travels. A multi-currency card, offered by companies like Wise and Revolut, allows you to access multiple currencies on a single card. Here are some benefits and features of using a multi-currency card:

• Accessibility: With a multi-currency card, you can access a wide range of currencies, often including major currencies that are readily available. For example, the Wise multi-currency card provides access to over 40 currencies, enabling you to pay like a local in 160 countries.
• Convenience: These cards offer the convenience of having multiple currencies in your pocket or on your phone. You can link your virtual card to Apple or Google Pay and start using it immediately for purchases.
• Security: Multi-currency cards provide control over your card security. For instance, Wise allows you to manage your card security and spending through their platform.
• Additional Features: Some multi-currency cards offer additional benefits, such as investment opportunities and rewards. For instance, with Wise, you can earn returns on your capital, although it is important to note that investments can fluctuate and your capital is at risk.
• Physical or Virtual: Depending on your preference, you can opt for a physical card or a virtual card, or even both. Physical cards can be useful for withdrawing cash from ATMs, while virtual cards are convenient for contactless payments.

By collaborating with payment networks like Visa, companies like Nuvei also offer multi-currency cards that enable seamless and secure blockchain payment experiences. These cards can be used anywhere Visa is accepted, providing a wide range of acceptance and simplifying corporate treasury management.

Frequently asked questions