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North Americans traveling to Germany, or Europe in general, are often unsure whether it is cheaper to exchange dollars to Euros in the United States or Canada, if their credit cards work at any ATM in Germany and where they can withdraw money at a low foreign transaction fee.

Currency Exchange in Germany

Currency exchange desks, or “Geldwechsel” in German, may be found at any airport and central railway stations (Hauptbahnhof) in larger cities. Exchange desks are operated by the ReiseBank (Reise means travel), Germany’s market leader in the travel funds business. The bank maintains 100 branches in Germany at airports, central railway stations and city center locations, for example at trade fairs. ReiseBank works jointly with Western Union and money transfer actions are done within minutes.

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