Are you wondering, does Navy Federal do currency exchange? The quick answer is: No, Navy Federal Credit Union does not offer currency exchange services to its members or the general public. Although Navy Federal provides various banking services, directly exchanging currency is not one of them. This means you can't walk into a branch and buy Euros, Yen, or other foreign currencies.
So, how does Navy Federal help with international transactions? While they don't directly exchange currency, We will discuss how Navy Federal facilitates currency exchange, making it easier for you to access foreign currencies when needed. You’ll learn about the convenience of using your existing Navy Federal cards for international purchases.
Here's how you can manage foreign currency while being a Navy Federal member: When traveling or making purchases internationally, Any time you use your Navy Federal Debit Card, CUCARD or Navy Federal Business Debit Card overseas, you'll be charged a 1% International Service Assessment (ISA) fee on the transaction. This fee applies to purchases made in foreign currencies and is added to the converted U.S. dollar amount.
Therefore, while Navy Federal doesn't offer direct currency exchange, using your debit or credit card internationally is a convenient way to handle foreign transactions. Remember to factor in the 1% ISA fee when budgeting for your trip or international purchases.