How to Make Currency Exchange in Chicago?

Currency Exchange in Chicago
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Chicago is one of the largest cities in the US and has received a place of fame in the world for its rich architecture. The city indulges in various lifestyles owing to the pouring international population that is attracted towards its museums, sports fans and food. When a foreign national visits Chicago for education or a job he is faced with the primary requirement of currency used in Chicago which is the US dollar. The conversion process and centres become a prime focus for the students. This is the time when students are stuck looking for the Best Foreign Exchange Companies in Chicago

When a student takes admission to the universities in Chicago he requires the best rate, hassle-free transition and the least charges on his currency. This blog deals with introducing the various currency exchange centres in Chicago that provide the best rate for the currency to be exchanged.

Currency of Chicago

Chicago circulates the US dollars as the main currency of the region. Chicago is a part of Illinois. It has seven different denominations $1, $2, $5, $10, $20, $50, and $100.A foreign student who seeks admission to Chicago needs to exchange his money with these currencies. 

Before looking for a suitable place the foreign national must know the Cheapest Currency Exchange to help you save money.

Best Places for Currency Exchange in Chicago

Chicago has several well-reputed and credible currency exchange places. These companies are known for providing fast and time-efficient solutions for students. With several benefits at hand a student can easily find an ideal currency exchange service provider in Chicago. Some of Chicago’s trusted names in currency exchange are as follows:

World’s Money Exchange Inc.

The World’s Money Exchange Inc. is situated in Chicago city and carries a record of service for the past 35 years. It provides a number of facilities such as a foreign currency converter through its online app, a foreign currency exchange service by booking online and offline and collecting the money offline from its centre, and foreign exchange and money exchange services. Some of its exceptional services during currency exchange are as follows:

Money exchange rate: They charge the lowest rate possible for currency exchange in Chicago. The rates for buying and selling the currency differ considerably.

  • They exchange money without stress.
  • Families can use their wiring service and transfer money to their kids.
  • GIC uses bank drafts for large transactions.
Location203 N La Salle St Suite 202 2nd Floor, Chicago, IL 60601, United States
Opening HoursMonday to Friday:  8:45 am to 4:45 pm

How to reach?

Montrose Ravenswood Currency Exchange

The Montrose Ravenswood Currency Exchange boasts of its 40+ years of business in the financial field. It is located on Montrose Avenue in Chicago with a vistas of knowledge and experience it deals with foreign currency exchange, auto licensing, cashing cheques, selling rolled coins, document orienting etc. The fast and friendly money exchange service provided here is appreciated by many locals and foreign nationals.  Other features of Montrose Ravenswood’s service for currency exchange are as follows:

  • They handle the currency exchange in a safe and secure manner
  • They offer better rates than the other competitive banks
  • The staff here is very encouraging and friendly.

Besides the above-mentioned points, Montrose Ravenswood currency exchange service centres treat humans as humans and not numbers.

Location1808 W Montrose Ave, Chicago, IL 60613, United States
Opening HoursMonday to Friday: 8 am to 6:30 pm
Saturday: 9 am to 5 pm

How to reach?

New Howard and Paulina Currency Exchange

The Howard and Paulina Currency Exchange provides a range of financial services to its customers. It is located in West Howard State in Chicago and serves its customers through check cashing, currency exchange, money orders, ATM services, cash transportation, bill payment and foreign currency exchange. 

They are service providers that help to transfer money through Moneygram, Ria, and Western Union. They offer their service from Monday to Saturday 8:30 am to 6 pm and are closed on Sunday.

Location1660 W Howard St, Chicago, IL 60626, United States
Opening HoursMonday to Saturday 8:30 am to 6 pm

How to reach?

Also Read: If you are looking for a way to manage your finances effectively, you can check out Citibank Currency Exchange: Features, Benefits, Modes.

Clark Diversey Currency Exchange

The Clark Diversey Currency Exchange is located in North Clark’s State in Chicago, Illinois and is another trustable name for the currency exchange market. They offer money transfer, Money exchange, and personalised cheque cashing services. They are open from Monday to Saturday from 9 am to 6 pm and closed on Sunday. Clark Diversey Currency Exchange offers quick and hassle-free service and can be visited by students for their currency exchange.

Location2735 N Clark St, Chicago, IL 60614, United States
Opening HoursMonday to Saturday: 9 am to 6 pm 

How to reach?

Currency Exchange International (CXI)

When a student wants to exchange his currency in Chicago, he is open to the option of visiting Currency Exchange International which offers the best rate of exchange. This foreign currency exchange service specialises in buying and selling more than 80 foreign currencies and holds enough stock for the late planners. Their other specialities are Asset Management, Cash Exchange, cryptocurrency exchange, Global currency exchange and Gold Bullion.

Location520 Michigan Ave, Chicago, IL 60611, United States
Opening HoursMonday to Saturday: 10 am to 8 pm 
Sunday: 11 am to 7 pm

How to reach?

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New Irving Narragansett Currency Exchange

The New Irving Narragansett Currency Exchange Inc. is a fast and safe name for worldwide exchange with the best exchange rates. It is located at 6412 West Irving Park Road in Chicago and offers the most convenient and reliable hassle-free experience to make financial transactions. Other features offered by Irving Narragansett check cashing, auto licensing, sticker renewable, cheque transfer, check cashing, money transfer etc. 

They are open from Monday to Friday 9 am to 6 pm, Saturday 9 am to 5 pm and remain closed on Sundays. 

Location6412 W Irving Park Rd, Chicago, IL 60634, United States
Opening HoursMonday to Friday: 9 am to 6 pm
Saturday: 9 am to 5 pm

How to reach?

35th & Indiana Currency Exchange

Currency exchange in Chicago is not a hassle with a large number of platforms offering to exchange currency in the least possible time. With the fast and reliable name lies another name the 35th & Indiana Currency Exchange which carries with it 10-plus years of experience in this field. Located at 126 East 35th State Chicago, the currency exchange offers great service to its customers. If you are a student living near the area then you can get your currency exchanged in no time.

Location126 E 35th St, Chicago, IL 60616, United States
Opening HoursMonday to Friday: 7 am to 8 pm 
Saturday: 8 am to 6 pm Sunday: 9 am to 5 pm

How to reach?

Also Read: How to Buy Foreign Currency in India: Know the Complete Process Here to understand the popular ways of exchanging currency in India.

Illinois Currency Exchange

The Illinois Currency Exchange helps foreign nationals buy currency at Illinois Currency Exchange without any hassle. They need ID proof and do not charge any extra fee for the exchange. Other businesses and services offered by them include bill payments, business cheque cashing, Money transfers card cash etc. The Illinois currency exchange is located at 3540 West 26th St., in Chicago and has been offering more than 10 years of service.

Location4638 S Cottage Grove Ave, Chicago, IL 60653, United States
HoursMonday to Thursday: 8 am to 8 pm
Saturday: 8 am to 6 pm

How to reach?

 

55th & Pulaski Currency Exchange

A foreign student has to sometimes really suffer a lot for currency and if it happens anywhere near 801 N Pulaski Road then a trusted name for approach is 55th & Pulaski Currency Exchange. The friendly and experienced staff there has solutions to the major problems of money transfer, buying and selling of currencies, bill payments, money order sales and similar types of financial services.

Location5501 S Pulaski Rd, Chicago, IL 60632, United States
HoursMonday to Friday: 7 am to 8 pm
Saturday: 7 am to 6 pm Sunday: 9 am to 5 pm

How to reach?

Kedzie Chicago Currency Exchange

The Kedzie Chicago currency exchange centre carries a name as the best service provider in currency exchange. It is located at 801, N Kedzie Ave, Chicago and offers seamless service. They purchase and sell foreign currency, provide 48-hour bill payment service, and offer money order sales, Prepaid net spend sales and plate stickers. The staff is highly dedicated and provides the best service in the least time. 

Location801 N Kedzie Ave, Chicago, IL 60651, United States
HoursMonday to Friday: 7 am to 8 pm 
Saturday: 7 am to 5 pm
Sunday: 10 am to 6 pm

How to reach?

 

Important Guidelines

Before students pick any of the above-mentioned agencies, they should check a few things. Any good company offers a maximum return of the currency and even helps save money. There are other things that a student must also be mindful of like airport rates and time constraints. Mentioned below are the few things any student must keep in mind before making a currency exchange: 

Rates of exchange

A student should know that the rates for his currency may not be the same everywhere. With the day-to-day rise and fall in the stock market, the currency equivalent may also fluctuate. First of all, a student should know how currency exchange rates are calculated

They must also search online and compare the currency exchange rates shown in different currency exchange sites. The agency that offers the maximum return of his currency should be considered for exchange. This helps to save money while it gets exchanged for use in the foreign country.

Airport Rate

The rates offered for currency exchange in the airport are generally not suitable. They charge a lot and provide the lowest rate in exchange for the currency.

Time Constraints

It is possible that an agency or bank offers the best exchange price to the students but delays it to the extent that the reason for which it is pursued is not met in time. A student should know that exchange is initiated within an hour or so and there is no reason to delay. Online apps are available at various currency exchange sites where the money can be booked and collected on-site on the same day.

FAQs

What currency is accepted in Chicago?

The currency of Chicago is the US dollar and is available in different denominations: $1, $2, $5, $10, $20, $50, and $100.

When should a student exchange currency in Chicago?

International students should exchange currency after getting confirmed admission to any University in Chicago, Illinois.

Is it easy to exchange foreign currency in Chicago?

Yes, A foreign student can find the process easy as only an ID card is required. However, the comparative rates and best value of money can be had only through a comparison of the various currency exchange rates offered at various currency exchange sites.

Do the agencies that exchange currency in Chicago also return the balance amount?

Yes, usually international students can easily exchange foreign currency once they have left the country where they had come to study. However, it also depends on which currency exchange buys the foreign currency and at which cost.

What are some of the best foreign currency exchanges in Chicago?

World’s Money Exchange, New Irving Narragansett Currency Exchange, Illinois Currency Exchange and Montrose Ravenswood Currency Exchange are some of the best foreign currency exchanges in Chicago.

To know more about currencies, education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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