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Italy Travel Guide

Banks and Exchange in Italy

Banks usually pay the best exchange rate, if one needs to exchange money, one should go to a bank or a post office. However, most of the exchange services ask for a small commission to exchange all currencies. Itís a good idea to check the exchange rate in order to calculate costs, information about exchange rates can be found in newspapers or internet. Banks open to the public from 8:00 hours to 18:00 hours and from Monday to Friday. Itís advisable to ask for information at the bank you usually go to; it may have a branch in Italy.

If you want to exchange money on holidays or Sunday, you will have to use private exchange bureaux; this type of service is near many monuments or in city centers in Italy. It isnít a good idea to use personal bank checks, because these kinds of checks are not accepted around Italy. Travelerís checks are not popular in Italy, if you relay on them: be ready to go to banks and change travelerís checks, and you will have to pay a commission for these bank transactions. Bank checks are better than travelerís check so it is recommended that you carry them, although, you have to go to the bank to exchange them too.

If you want to open a bank account, you will need to be Italian or be a resident in Italy. The best idea is to carry enough cash to get around Italy. On the other hand, if you bring cash with you, beware of thieves and pickpockets. Last but not least, you can always use your credit card, there are many ATMís and most places such as restaurants, coffee shops and shopping centers accept credit cards.

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