Have you recently returned from a trip overseas with foreign currency still in your wallet? Getting the foreign money into your bank account is not as simple as walking it into your local bank with a deposit slip. In fact, your foreign currency can only be deposited into your bank account after you have converted it to U.S. dollars, or your local currency if you are not in the U.S. Once you have converted the foreign currency into local currency you can easily deposit the money into your bank account.
Gather together the foreign currency that you want to deposit. Separate the bills from the coins. You cannot deposit or sell the coins.
Decide if you prefer to sell your currency to the bank or to a currency exchange place. Banks typically charge a larger surcharge when buying currency. Alternatively you can visit a currency exchange place, such as an airport, travel agency or local Travelex store. Use their website (see Resources) to find the nearest location.
Sell your currency to either the bank where you want to deposit it or a currency exchange place. There will be a fee, which varies depending on the place you are selling it to. The fee will be taken out of the amount you are given automatically. You will be given U.S. dollars when you sell your foreign currency.
Take your dollars to your bank, if you are not already there. Fill out a deposit slip for the account that you would like to deposit into. Give the U.S. dollars and the deposit slip to a teller to deposit into your bank account.
