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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 and around the Bay Area.
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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 will 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?

Preauthorized withdrawals is an efficient way of paying gas, water and electricity bills. With 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 online via bank or credit union Web sites or of course by mailing a personal check. Never mail payments in cash!
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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?

It is recommended that you open a bank account as soon as you arrive in San Francisco. You will need a photo ID, a social security number and money for the initial deposit (normally $100.00). It is not necessary to show proof of permanent residence.
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Will foreign residents be able to find banking services in their native languages?

In addition to English, San Francisco offers banking services in Chinese, French and Japanese.
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Are there any restrictions on services for those who are new to your country?

Not really, but it is recommended that you have a letter from your employer detailing your work history, responsibilities, length of stay and salary.
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What are typical banking hours?

Monday through Friday, 9 a.m., until 5 p.m. Saturday, 9 a.m. until noon.
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Are automatic teller machines (ATMs) available around the clock?

ATMs are available everywhere in the city. Some banks do charge a transaction fee for non-account holders to use their ATMs.
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Is there any other money information that might help me?

It is highly recommended that you have a credit card available when visiting or traveling in San Francisco, as car rental agencies don't accept cash and most hotels will only accept a credit card.
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IMPORTANT NOTE:

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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