Travelex Currency Services From Walden Savings Bank
Planning an international trip? Walden Savings Bank is pleased to offer Foreign Currency Exchange through our partners at Travelex Currency Exchange, one of the most trusted exchange service companies in the world. Start your vacation a little early and get your currency now, visit one of our 11 convenient branch locations or call our Contact Center at 845.457.7700, option 3.
Foreign Currency FAQ’s
Q. Why should I exchange currency with the bank before I leave?
- Travelex will provide you with the best value for your money if you plan ahead. You will pay the highest rates at airports or other currency exchange booths. These locations will be charging at least 6% more than the rate you can receive from us. It is smart to have currency on hand when arriving in an unfamiliar place so you can arrive prepared for taxi fares, tips, and other immediate expenses.
Q. Why shouldn’t I just use my credit card? It has a low exchange rate.
- Credit cards may charge a lower, or similar, exchange rate; however, there are often hidden fees on top of the exchange rate such as a flat charge per transaction out of the country. Also, U.S. credit cards are not accepted all places because many European countries only accept chip & pin secured credit cards.You should still take your credit card as a back-up form of payment.
Q. How much currency should I take for my trip?
- The amount will depend on your destination and the number of days you will be gone. The average amount spent overseas in 2014 was $1,400 per trip. To get an approximation, sign on to Currency Online, on the left hand side of the screen choose “FX Specialist”. Under the section “FX Specialist Tools” choose the third “Click Here!” to use the order calculator.