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 What is the local currency?

Local currency is the U.S. dollar ($), which can be divided into 100 cents.
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What denominations does it come in?

Coins (cents) come in denominations of one (penny), five (nickel), 10 (dime), 25 (quarter) 50 (half dollar) and 100 (silver dollar); the last two are rarely used.

Bills (dollars) come in $1, $2 (rare), $5, $10, $20, $50 and $100.
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What is the best way to exchange currency?

Typically, banks offer the best exchange rates, but you will also find that most airports and hotels offer currency exchange services. Additionally, there are also many licensed money changers and foreign exchange offices available throughout the city.
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What are commonly-used forms of payment for everyday purchases (such as groceries)?

The most commonly used forms of payment are: Credit cards, debit cards, cash and personal checks.
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Will I be able to use my credit card around town? If not, list when I’ll need cash.

Yes, credit and debit cards are widely accepted around the city. In some cases, you may find that smaller businesses only accept cash so it is recommended that you carry a small amount of cash on you.
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By what method are bills (such as rent and utilities) paid?

Pre-authorized debit withdrawals are an efficient way of paying gas, water and electricity bills. By this method, your bills are automatically deducted from your bank account. The various utility companies can help you with the arrangements. Also, many bills can be paid on-line via agency websites and with personal checks.
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What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?

Banking arrangements should be handled as soon as possible upon arriving to Los Angeles. You will need a photo ID, social security number, and money for deposit. A permanent address is not a requirement.
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Will foreign residents be able to find banking services in their native languages?

Typically, no.
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Are there any restrictions on services for those who are new to your country?

Typically, no.
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What are typical banking hours?

Monday through Friday; 9am until 6pm. Saturday - 10am until 3pm.
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Are automatic teller machines (ATMs) available around the clock?

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Is there any other money information that might help me?

Banks charge a nominal fee to exchange currency.
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Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.


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