If you recently returned from an overseas trip and still have foreign currency, depositing it into your bank is not as simple as presenting a bank teller with a deposit slip and the foreign currency. You have to convert the foreign currency to local currency and then deposit it into your bank account. Some banks and foreign currency exchange facilities convert currency for a nominal fee. Deposit the money into your bank account after you convert the foreign currency into local currency.

Step 1

Determine how much paper foreign currency you have and want to deposit. You can only use the paper currency; you cannot sell or deposit foreign currency coins.

Step 2

Decide whether you want to sell your foreign currency to a bank or a foreign currency exchange facility. Airports, travel agencies and Travelex stores offer foreign currency exchange. Visit the Travelex website to find the location near you.

Step 3

Take your foreign currency to your local bank or currency exchange facility to sell it in exchange for your local currency. Be prepared to pay a fee, which will be taken out automatically. You will receive the remaining amount in local currency.

Step 4

Go to the bank with your local currency and fill out a deposit slip to indicate the amount of money you want to deposit. Present the deposit slip and currency to the bank teller and wait for a deposit receipt for your records.

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