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  1. #1
    Join Date
    Jun 2013
    Posts
    8

    Default Can Minors Exchange Foreign Currency

    My question involves personal finance in the State of: Texas

    Hello.

    I may not be in the right forum for this. Correct me please if I am.

    Anyways, I have 144000 Korean Won with me.
    I'd like to exchange them into US Dollars.
    I am a minor (17) without SSN and Bank Account.
    Could I still exchange them at a bank without SSN/Bank account?
    If not, where should I go?

    Thanks in advance.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Can Minors Exchange Foreign Currency

    You need to go to a bank that does currency exchanges local to you.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Can Minors Exchange Foreign Currency

    Ask the bank you intend to use to try to exchange your currency to share its policies with you, or go to a currency exchange that trades in Korean currency.

  4. #4
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Can Minors Exchange Foreign Currency

    Since 144,000 won is only $125.25 (as of today) I hardly think that I bank will give you a hard time about being 17.

    The hard part will be finding the bank that converts Korean currency to USD.

    You can probably accomplish that by using google to find the currency exchange branches in your area and make a few phone calls.

    And if you have to bring an adult to do it, so what, bring one.

  5. #5
    Join Date
    Jan 2008
    Location
    Toledo, OH
    Posts
    16,307

    Default Re: Can Minors Exchange Foreign Currency

    Are you an exchange student? If so, ask your contact person with the organization to help you find a currency exchange.

    I host students every summer, and their organization keeps a list of currency exchanges and other resources in each student's locale.

  6. #6
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Can Minors Exchange Foreign Currency

    Any airport that is designated as international has a currency exchange inside. If there is one in the area that would be a sure place to handle the transaction.

  7. #7
    Join Date
    Jun 2013
    Posts
    8

    Default Re: Can Minors Exchange Foreign Currency

    Thank you all for answering.
    It helped a lot!

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