Bank or money changer to exchange foreign currency, which is better? ︱ Little K's investment and financial management

It is very convenient for the bank to exchange foreign currency. If there is online banking, you can exchange the desired foreign currency with just a few clicks, and the bank will not charge additional fees when exchanging currency. However, the cost we bear is the bid-ask spread of the bank's foreign exchange exchange and the risk of the exchange rate difference between buying and selling. It is undeniable that the exchange rate of foreign exchange in the money-changer is better, but if you exchange a lot, you must take it with you. A big bag of cash isn't an easy task either.

You may ask, the bank is relatively safe, and the exchange rate of the money changer is relatively better. How should you choose?

Wouldn't it be nice to find one that is both safe and has a good exchange rate? This has a certain degree of difficulty, and it is cheap and convenient at the same time. Isn't this all about having the best of both worlds?

The best choice for IB to exchange foreign currency with zero spread: https://bit.ly/3GfEfor