Just curious. I went in 1998 with my family and some places had prices for American and Canadian money. I know you have to in the casino but what about the museums and stuff like that?
2007-03-20 05:51:32 · 9 answers · asked by carebear_grl21 2 in Travel ➔ Canada ➔ Niagara Falls
Many businesses in the Niagara Falls area will accept both Canadian and U.S. currency. However, there are some things to keep in mind when paying in U.S. cash.
First of all, most Canadian ATM's will not give you U.S. cash. You'd need to go to the actual bank to do that, and they may charge a hefty service fee for this.
While businesses can and do accept U.S. money for payment, they probably won't give U.S. change, and there's absolutely nothing that requires them to.
Also, businesses that do accept U.S. money probably won't be giving a good exchange rate. The banks and casino will have the best rates; currency exchange booths and local businesses should be avoided for this.
My advice would be to change over some of your money to Canadian currency prior to coming across, and using your credit card for larger purchases (big shopping trips, hotels, etc.).
2007-03-23 08:00:05 · answer #1 · answered by Engineer Budgie 3 · 1⤊ 0⤋
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2016-12-25 22:27:33 · answer #2 · answered by ? 3 · 0⤊ 0⤋
That high premium is now gone due to the declining US dollar. Other people here are right about either currency being accepted. However, since each merchant can set their exchange rate as good or bad as they want, you will very likely end up paying more for anything by refusing to change some money into Canadian. Some merchants I've seen took as much as 5% for themselves as an exchange "fee". As an American going into Canada, I always made it a point to exchange money, many times making it the first thing I did after crossing the border. It is true that banks give the best exchange rate by taking the smallest percentage off. The banks in NF aren't as big on you needing to have an account in order to do it. However, if you find yourself needing money exchanged after hours, there is another alternative. The casinos in the NF area give a competitive rate of exchange since they want you to "spend" your money with them. Those mall and Ontario tourism places places chop between 3-4% off the rate while the casinos are in the 1-1.5% range. It doesn't sound like a lot. However, it can add up if you exchange hundreds or thousands over the entire time of a trip. If you get free parking at a casino (usually for signing up with their free slot club) the trip to exchange your money might save you even more.
2016-03-16 23:31:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Some Canadian restaurants and stores will accept US funds, especially the ones in the tourist areas. However, don't expect a good exchange rate on it.
My advice would be to use a credit card or bank ATM card wherever possible, since the credit card company or bank should provide you with the daily exchange rate plus a percentage point or two more for their troubles.
Canadian bank machines accept cash withdrawals as part of the Interac or Plus system. Most restaurants, hotels, and department stores will accept Visa or Mastercard. Some accept American Express and/or Diner's Club.
2007-03-20 06:53:12 · answer #4 · answered by SteveN 7 · 0⤊ 0⤋
I used to live there. Usually most places accept American money because the US is right across the falls. If you ever do need to excahnge money then go to the Exchange/Duty Free place across the street from the Hershey's Factory, next to the Rainbow bridge, or the Casino. The casino will probably give you a better exchange rate.
2007-03-20 10:55:23 · answer #5 · answered by Nicole 3 · 1⤊ 0⤋
I went about a year ago. Almost everywhere we went did the conversion automatically and even gave change in US money. They are very used to it (although you might get a better exchange rate by changing your money first, the few extra cents you save isn't really worth the hassle). Make sure to visit the butterfly house . Have fun, there is a lot to do there (very touristy), avoid Denny's (the tax rate on american business makes the meal expensive there, a Grand slam breakfast is about 9 dollars)
2007-03-20 05:59:26 · answer #6 · answered by kerfitz 6 · 1⤊ 0⤋
Niagara Falls is very tourist oriented. Many places will charge you the U.S. equivalent.
2007-03-22 16:44:38 · answer #7 · answered by Alletery 6 · 0⤊ 0⤋
Its totaly up to you some places give you exchange back but its allways better to get it exchanged .I found it is better to go to the casino ,theysomtimes give better exchange then BANK.Hope this has helped you.
2007-03-24 16:28:12 · answer #8 · answered by Tim G 1 · 0⤊ 0⤋
Usually not - you should be able to use American or Canadian - they are very use to it.
2007-03-20 05:54:43 · answer #9 · answered by lyllyan 6 · 1⤊ 0⤋