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Brockport / International Students / Currency

Currency & Exchange Rates

Currency

Before leaving home, you should visit a bank in your country to learn any requirements or restrictions for exchanging money as well as what the value of your own currency is in the United States. 

U.S. Currency

Once you arrive in the United States, you should obtain some U.S. currency in bills to use for tipping, and miscellaneous expenses. There will be a bank or ATM for this purpose at most major airports. While credit cards are widely used, be aware that many businesses will not accept credit cards for very small purchases. Other businesses, such as taxi cabs or small vendors, may not have the facilities to process credit card purchases at all and will likely require cash for all purchases. Therefore, be prepared, especially if you are planning to take a taxi cab or other public transportation from the airport to  Brockport upon arrival.

You can easily calculate exchange rates using a Universal Currency Converter from XE.com.

 

Currency Restrictions & Transfer of Funds

Before finalizing your plans to arrive in the U.S., please become familiar with your government’s regulations regarding currency restrictions and the transfer of funds. Some governments restrict the amount of money that can be taken out of the country. Others may restrict funds until a letter confirming enrollment has been received from the admitting institution in the United States.

You should find out what letters, if any, are required from SUNY - Brockport in order to authorize the transfer of funds. The Office of International Student Services can provide you with the necessary documentation upon seeing proof of your full-time status.

Last Updated 12/20/13

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