Being prepared and having a few options to get cash, make payments, and make purchases can help students have an enjoyable study abroad experience.
What currency does Italy take?
The countries of the European Union have the Euro as their currency. The Euro fluctuates depending on the international market. For the most up-to-date exchange rates use www.xe.com.
Changing currency in Italy
We do not recommend changing currency while in Florence. However, if you do, it is always best to go to a bank. Although there are change offices in Florence, they charge a commission with high exchange rates. This rule also applies to hotels, airports, and train station exchange offices.
Using credit cards in Italy
Credit cards are accepted all over Italy. Credit cards can also provide cash advances through ATMs. There will be a transaction fee (around $10 for the advance and 2-4% extra for foreign transactions). Having the option available can be a great relief in an emergency. To make cash advances with your credit card, contact your card company to obtain a Personal Identification Number (PIN).
How to use your ATM (BANCOMAT) & debit cards in Italy
Before leaving home, check with your bank to verify that you have an international PIN code and that your card is compatible with Europe’s systems. You can also put debit and credit cards on your phone’s wallet.
A few things to note:
Most bank machines have a cash limit ($300, sometimes less).
Transactions at ATNs (Bankomats) will carry a surcharge.
Most points of service have contactless payment.
Check which international banks your bank partners with to help ease some of the costs.