It is profitable to exchange currency and not to lose money at the same time is possible only in the official exchange offices of banks. Information about the nearest branch and the course is available on the institution's website.
When choosing an exchange office, the main factors are the favorable rate, the safety of the operation, and the convenient location of the office. Contacting the one that is a branch of the bank guarantees no risk for the client. You can find out if it is official on the website of the Bank of the Russian Federation.
There are a lot of banks and exchange offices, each of them has a different rate. If there is a need to exchange a large amount, then the savings from a favorable rate can be very significant. Some banking institutions have a flexible exchange rate system, that is, when exchanging large amounts, the transaction will be more profitable.
Clients of illegal cash registers risk their funds
In such offices, there is a possibility of running into fraudulent currency exchange schemes. Citizens who turn to street money changers are at greatest risk. There is a high probability of losing all funds by being seduced by a profitable course. They do not have the ability to verify the authenticity of banknotes, which is in banking institutions. As a result, in addition to the risk of meeting a swindler, there is a risk of receiving counterfeit money. It is not always possible to recognize fakes without the use of special equipment.
Benefits of official offices
The safest way to exchange is to contact a banking institution with a developed branch network. All major organizations have portals where you can find the necessary information: exchange rate, address and phone number. In order not to waste time in vain, it is worth calling the office in advance and clarifying whether they can immediately bring an exchange or whether it is necessary to make an application in advance.
All requirements for the design of exchange offices are regulated by the central bank. Going to the exchange office, you should make sure that you have the following information: full name, location, legal address, copy of the license to carry out exchange transactions, contact numbers. The folders or on the stand should contain information about the exchange rate of all currencies, commission fees.
Confidentiality and security of transactions
The presence of a closed booth for conducting cash transactions guarantees the confidentiality of the transaction and personal safety after its completion. The risk that unauthorized persons will find out about the amount of your funds is completely excluded in this case. Banks have installed surveillance systems to prevent fraudulent actions against customers by staff. All cash registers are equipped with authenticity detectors and machines for counting banknotes.
