How Long Does It Take To Exchange Money At The Bank

how long does it take to exchange money at the bank


The guardian of money exchange walks you through the process of exchanging money at the bank. This process, while relatively straightforward, can require different amounts of time depending on several key variables. These factors include the type of currency being exchanged, the amount, and the policies of the particular banking institution.

Immediate Exchange

Most banking institutions are equipped to provide immediate exchange services for major world currencies such as the US Dollar, Euro, British Pound, and others. It can take a few minutes to a couple of hours at most. In such cases, you walk in and request an exchange, they calculate the rate, and then apply the transaction. However, banks often charge a small processing fee, and the exchange rate might not be as favorable as special money exchange offices.

Exchanges That Require Ordering

The time factor can change drastically if you're looking to exchange less common currencies. These might include currencies from smaller countries or economies. Such currencies might not be readily available at the bank, necessitating an order before you can have them exchanged. This could take anywhere from 1-3 business days.

Large Amounts of Money

The standardization of Anti-Money Laundering (AML) regulations means that banks must often perform due diligence on larger transactions. This scrutiny could include transaction reporting, determining the source of funds, and customer identity verification. Here, exchanging large sums of money could take longer, up to 5-7 business days in some cases.

Weekends and Holidays

Banks typically do not process transactions during weekends or public holidays. If your exchange request falls on these days, you will likely have to wait until the next business day. This delay can affect your transaction time, postponing it until regular banking hours resume.

Online Banking

Most banks today offer online services, including money exchanges. This service allows you to exchange money in your bank account for another currency. However, processing times can be a bit slower, typically taking between 24 to 72 hours. This delay is because the bank needs to verify the transaction and ensure that funds are available.


While there's no definitive answer to "how long does it take to exchange money at the bank," various factors can influence the time taken. These factors include the currency type, transaction size, banking hours, and whether it’s online or offline. Before walking into a bank, it’s advised to understand these factors to make informed decisions and optimize your time.