A & S Foreign Exchange Inc. is a New York-based currency exchange and traveler's check service operating for over 27 years, offering competitive rates on major world currencies.
Editorially reviewed by Harvey Brooks
A & S Foreign Exchange Inc. has been operating as a foreign currency exchange service in New York for over 27 years. The company is located at 1226 Broadway in Manhattan and positions itself as a reliable destination for customers needing currency conversion and travel-related financial services.
The company offers two primary services: currency exchange for a wide range of major world currencies (including AUD, CAD, EUR, GBP, JPY, MXP, and others) and traveler's check buying in both foreign currencies and USD. According to their website, they accept only paper currency for exchange and claim to provide competitive rates compared to competitors in New York City. They advertise fast service, typically completing exchanges within minutes.
A & S Foreign Exchange distinguishes itself by emphasizing long-standing business relationships, competitive pricing, and personalized customer service. The company highlights 27 years of operational history as evidence of reliability and customer loyalty. Their website claims they handle "all currencies of major countries" and position themselves around reducing conversion costs to help customers retain more of their money.
However, there are notable limitations. The company's online presence is minimal beyond their website, with no visible regulatory credentials, licensing information, or third-party reviews displayed. Exchange rates listed on their site contain apparent data entry errors (DKK, NOK, and SEK showing "0.00" for buy rates). There is no information about compliance with anti-money laundering regulations, Know Your Customer requirements, or other financial services oversight. The business appears to operate as a traditional brick-and-mortar foreign exchange service rather than a modern financial services provider.
Yes. A & S Foreign Exchange Inc is a registered company headquartered in 1226 Broadway, New York, NY 10001. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
A & S Foreign Exchange is best for travelers and customers in the New York area who need in-person currency exchange or traveler's checks and prefer traditional brick-and-mortar service. The main caveat is the lack of visible regulatory transparency, online verification, and data accuracy issues on their website that prevent confident assessment of their legitimacy and current operational standards.
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