CXI vs. Banks: Who's Best For Foreign Currency
So you need foreign cash, but where should you exchange your money? A lot of people automatically assume their bank is the best option, but let's take a closer look.
Round 1: Accessibility & Convenience
CXI steps into the ring
Currency Exchange International welcomes everyone. You don't need an account, and you don't have to jump through hoops to get cash for your trip.
- You can order online 24/7 for secure home delivery via FedEx or UPS.
- Or if you prefer to exchange in person: you can reserve online, call ahead, or just walk into any of CXI's 40+ branches.
CXI's branches are open 7 days a week with extended hours, which is a lifesaver for last-minute planners.
Banks try to keep up
Most banks only help existing account holders. On top of that, they operate under strict banking hours (9-5). Only have time to buy cash after work? Or on a Sunday? Good luck. The accessibility gap in this round is hard to ignore.
Round 1 Winner: CXI
More hours. More flexibility. More customer-friendly access.
Round 2: Currency Selection
CXI comes in swinging
Traveling to Europe? Japan? Or need something more uncommon like the Icelandic Króna or Thai Baht? CXI carries 80+ currencies, including both popular and hard-to-find options.
- In branch, the most popular currencies are in stock daily and available on demand.
- For home delivery, CXI offers next-day and 2-day shipping options.
Banks struggle with variety
Banks in the U.S. rarely carry foreign currency in stock. The exceptions are busy locations at a few banks in major tourist cities. But most banks don't stock foreign cash and you'll likely face long wait times (3-7 business days) or be told they simply don't carry it. For travelers going somewhere less common, banks often can't deliver.
Round 2 Winner: CXI
A wider selection means more destinations unlocked, more trips made smoother.
Round 3: Speed & Reliability
CXI keeps the pace
Order your currency online and have it securely delivered to your doorstep as soon as tomorrow.
Prefer picking it up? CXI locations are stocked daily for walk-ins.
Banks slow their footwork
Banks typically require special orders for foreign currencies, especially if you need more than the basics. Orders may take days or even weeks to arrive.
Round 3 Winner: CXI
Speed matters, especially before a big trip.
Round 4: Value & Price Protection
CXI's signature uppercut
CXI not only offers exteremly competitive exchange rates, but travelers can also protect their money with Currency Price Protection (CPP). If you bought too much, it's okay. CXI offers one of the best value options for exchanging it back.
Related: How to return leftover currency
Banks try to counter, but...
Banks rarely offer price protection, and often their rates are less competitive than specialized providers. You're also less likely to get favorable terms when exchanging unused currency back.
Round 4 Winner: CXI
Better rates in, better value back out.
Round 5: The Traveler Experience
CXI keeps travelers in focus
Currency Exchange International's entire service model is designed around YOU (travelers). Whether you're preparing for your first international trip or you're a frequent flyer, CXI ensures your experience is stress-free, convenient, and cost efficient.
Want to know the best time to buy? Use CXI's Rate Tracker
Banks divide their attention
Banks are primarily built for loans, deposits, mortgages, investments...not for travel needs. Currency exchange is often an afterthought, meaning slower service, fewer options, and less specialization.
Round 5 Winner: CXI
A dedicated foreign currency provider is simply built for better travel experiences.
Final Verdict: CXI Wins the Currency Match
After five rounds, CXI stands undefeated. Whether you are care about convenience, variety, speed, or the value of your money, CXI outperforms traditional banks at every step.
Your travel plans deserve support from a company designed for travelers.
Alexa, please play 'We Are the Champions'
FAQs
Where Is the Best Place to Exchange Foreign Currency?
The best place to exchange foreign currency is with a company that specializes in providing foreign currency exchange. CXI is a leading provider of foreign exchange services in the United States for financial institutions, corporations, and travelers.
With more than 1 million transactions a year and a 4.7 rating on Trustpilot, CXI is the largest and most trusted foreign currency exchange specialist in North America.
Do I need a bank account to buy foreign currency from CXI?
No. CXI serves non-account holders and lets you order online for home delivery or reserve for branch pickup.
Can I get uncommon currencies?
Yes. CXI carries 80+ currencies, so less-traveled destinations are covered.
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations, and travelers. Products and services for international travelers include access to buy and sell more than 80 foreign currencies, gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com
