Finding low-fee currency exchange services

Every time you convert dollars to shekels, someone makes a little money. Choosing where you convert can save a lot over a year. WHERE TO EXCHANGE • Online transfer services: Often the best rate for larger amounts. • Banks: Convenient but usually charge a margin plus a fee. • Licensed money changers: Found in most cities, with competitive rates and sometimes no commission. Always ask for the final amount you will receive. • Airport kiosks: Convenient but the worst rates. Use only for a small amount to get you started. • ATMs: Withdraw shekels directly. The ATM's exchange rate is often fine, but your bank adds fees. TIPS • Compare the rate to the mid-market rate. A good deal is close to it. • Ask: "How many shekels will I get in total?" Fees can be hidden in the rate. • Decline the "convert to dollars" option on card terminals. Always pay in shekels. • Bring a small stack of shekels with you on arrival for the first day.