Planning a trip to Europe or need Euros for other reasons? Bank of America offers a straightforward and secure service for ordering foreign currency, including Euros. Whether you’re an existing Bank of America customer or new to their services, understanding how to navigate foreign exchange can save you time and money. This guide will walk you through the process of ordering Euros from Bank of America, ensuring you get the best exchange rates and service for your needs.
Why Choose Bank of America for Your Euro Exchange?
Bank of America provides a trusted platform for exchanging currency, offering several benefits for customers looking to acquire Euros:
- Convenience: Order Euros online or via their mobile app from the comfort of your home.
- Security: As a major financial institution, Bank of America ensures secure transactions and delivery of your foreign currency.
- Competitive Exchange Rates: Access to Bank of America’s foreign exchange rates, with potential discounts for Preferred Rewards clients.
- Multiple Ordering Options: Choose to have your Euros delivered to your home address or pick them up at a Bank of America financial center.
How to Order Euros from Bank of America
Bank of America offers several channels for ordering your Euros, catering to different customer preferences:
Online Banking and Mobile App Orders
For existing Bank of America customers with checking or savings accounts, ordering Euros online is incredibly convenient:
- Log in to Online Banking or the Mobile Banking App: Access your Bank of America account through your preferred digital platform.
- Navigate to Foreign Currency Exchange: Look for the foreign currency exchange section, often found under “Services” or “Account Services.”
- Select Euros (EUR) and Amount: Specify that you want to order Euros and enter the amount you need in US dollars or Euros.
- Review Exchange Rate and Fees: The system will display the current exchange rate and any applicable fees.
- Choose Delivery Method: Select whether you want your Euros shipped to your address or prefer to pick them up at a financial center.
- Confirm Your Order: Review all details and confirm your Euro order.
Consider ordering your Euros online for potential convenience and Preferred Rewards discounts.
Ordering Euros at a Financial Center
If you prefer in-person service or are a credit card-only customer, you can order Euros at a Bank of America financial center. Keep in mind that financial centers don’t typically stock large amounts of foreign currency, so ordering in advance is recommended. Visit your local Bank of America branch and speak with a teller or customer service representative to place your Euro order.
Understanding Euro Exchange Rates and Fees at Bank of America
Before finalizing your Euro order, it’s crucial to understand the exchange rates and any associated fees:
Exchange Rates
Bank of America sets its foreign exchange rates, which fluctuate based on market conditions. You can preview the current exchange rate for Euros on their website or within the online ordering platform. It’s always wise to compare rates with other providers, but Bank of America’s rates are generally competitive for the convenience and security they offer.
Currency converter for 1 EUR=$1.1876 USD
Stay informed about current exchange rates when planning your Euro purchase.
Delivery Fees
Bank of America applies delivery fees for foreign currency orders:
- Standard Delivery (1-3 business days): $7.50 (Waived for orders of $1,000 or more).
- Overnight Delivery (Order by 2 p.m. local time): $20.
These fees apply even for financial center pickups for orders under $1,000, as branches do not maintain Euro inventories.
Delivery and Pickup Details for Your Euro Order
Bank of America has specific guidelines for delivering and picking up foreign currency orders:
- Order Cut-off Time: Orders placed before 2 p.m. local time (of your delivery address) on business days will ship the same day. Orders after 2 p.m. will ship the next business day.
- Delivery Days: Shipments are made Monday to Friday, excluding weekends and holidays.
- Delivery Locations: Delivery is available to US addresses only, either to your address of record or a Bank of America financial center. No P.O. boxes are allowed.
Note the order cut-off time to ensure timely delivery of your Euros.
When Financial Center Pickup is Required
Your Euro order must be picked up at a financial center if:
- The order is $1,000 or more in US dollar value.
- You are a new Bank of America customer (less than 30 days).
- Your address has changed within the last 30 days.
Utilize the branch locator to find the most convenient Bank of America financial center for pickup.
Preferred Rewards Benefits for Euro Orders
Bank of America Preferred Rewards clients receive exclusive benefits when ordering Euros:
- Exchange Rate Discount: Up to 2% discount on the published exchange rate, depending on your Preferred Rewards tier.
- Free Standard Shipping: Standard $7.50 shipping fee waived for all orders placed online or via the mobile app.
Rewards Picture
Explore Bank of America Preferred Rewards to maximize savings on your Euro exchange.
Using Euros for International Travel
Having Euros readily available before your international trip can be incredibly convenient for immediate expenses upon arrival, such as transportation, tips, and small purchases. While credit cards are widely accepted in Europe, having some cash in local currency is always recommended, especially in smaller establishments or for avoiding foreign transaction fees on every purchase.
Learn more about international travel
Plan ahead and order Euros to ensure you’re prepared for your international travels.
Receiving Euros via International Wire Transfer
If you are expecting to receive Euros from overseas, Bank of America facilitates international wire transfers. To receive Euros via wire transfer, you will need to provide the sender with Bank of America’s SWIFT code for foreign currency: BOFAUS6S.
BOFAUS6S (foreign currency)
Bank of America, NA
555 California St.
San Francisco, CA 94104
Ensure you provide the correct SWIFT code for receiving Euros via international wire transfer.
Conclusion
Ordering Euros from Bank of America is a secure and convenient way to obtain foreign currency for your travel or other needs. With online ordering, competitive exchange rates, and benefits for Preferred Rewards clients, Bank of America simplifies the process of foreign exchange. By understanding the ordering process, fees, and delivery options, you can confidently secure your Euros before your next international adventure or financial transaction.
