How does Citizens Financial Group handle currency exchange for international travel?


by joelle , in category: Banking and Credit , 7 months ago

How does Citizens Financial Group handle currency exchange for international travel?

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1 answer

by althea_dooley , 7 months ago


Citizens Financial Group offers various currency exchange options for international travel through its retail banking division. Here's a brief overview of how they handle currency exchange:

  1. Foreign Currency Exchange: Citizens Financial Group allows customers to order foreign currency in advance, which can be picked up at selected banking centers. They offer a wide range of currencies, including popular ones like euros, British pounds, Canadian dollars, Japanese yen, etc.
  2. Exchange Rates: The exchange rates offered by Citizens Financial Group are competitive and influenced by the prevailing market rates. These rates are updated regularly to provide customers with the most accurate pricing.
  3. International Wire Transfers: If travelers need to transfer funds abroad, Citizens Financial Group offers international wire transfer services. This allows customers to send money between their accounts or to recipients in foreign countries, who can then convert the funds to the local currency.
  4. Multi-Currency Cash Passport: Citizens Financial Group offers a prepaid travel card called the Multi-Currency Cash Passport. This card allows customers to load multiple currencies onto one card and use it like a debit card while traveling. It provides the convenience of tapping into different currencies without the need for carrying cash.
  5. Online Banking and Mobile App: Customers can manage their foreign currency needs through Citizens Financial Group's online banking platform and mobile app. These platforms provide options for currency exchange, wire transfers, balance inquiries, and account management, making it easier for customers to handle their international travel finances.

It's important to note that specific details may vary depending on the location and services offered by Citizens Financial Group. Therefore, it's advisable to visit their official website or contact their customer service for the most accurate and up-to-date information.