MONEY AND CURRENCY IN ASSISI

💶Currency in Assisi: The Euro (€)

Assisi, being located in Italy, uses the Euro (€) as its official currency. Italy has been part of the European Union since 2002, and the Euro replaced the Italian lira as the official currency. When you’re in Assisi, you’ll find that all transactions, from coffee at a café to shopping for souvenirs, will be priced in Euros.

  • Coins: The Euro coins come in denominations of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, and €1 and €2 coins.
  • Banknotes: The Euro banknotes come in €5, €10, €20, €50, €100, €200, and €500. However, the €500 note is rarely used, and you’ll more often see smaller denominations.

💱 Currency Exchange: Where and How to Exchange Your Money

If you’re coming from outside the Eurozone, you may need to exchange your foreign currency for Euros. Luckily, there are plenty of options to exchange money in Assisi:

  • Currency Exchange Offices:
    While Assisi is a small town, there are a few currency exchange offices and kiosks where you can exchange your money for Euros. These are usually located near the train station or in the more touristy areas like the Piazza del Comune.
    • Tip: Always check the exchange rates before converting, as they can vary, and some offices charge a commission fee.
  • Banks:
    Assisi has several banks, and you can exchange your currency there as well. Most banks are open during regular business hours (Monday to Friday) from around 9:00 AM to 1:00 PM and 3:00 PM to 4:30 PM. Some banks also offer foreign exchange services. Popular bank branches in Assisi include:
    • UniCredit Assisi (Piazza del Comune, 4)
    • Banca Nazionale del Lavoro (BNL) (Piazza Santa Chiara, 8)
  • ATMs:
    There are several ATMs in Assisi where you can withdraw Euros using your international debit or credit card. These ATMs are located near major spots, such as:
    • Piazza del Comune
    • Assisi Railway Station
    • Piazza Giacomo Matteotti
    • Tip: Always check with your bank about international withdrawal fees, as some ATMs may charge additional fees for foreign cards.

💵Payment Methods: Credit Cards, Debit Cards, and Cash

  • Credit and Debit Cards:
    Most restaurants, hotels, and shops in Assisi accept major credit cards (like Visa, MasterCard, and American Express) and debit cards. However, small shops, local markets, and cafés may only accept cash, especially in the more rural areas or during the low season when fewer tourists are around.
    • Tip: If you plan to pay by card, it’s always a good idea to notify your bank in advance, especially if you’re traveling internationally, to avoid having your card blocked due to suspected fraud.
  • Cash:
    While you can use your card almost everywhere in Assisi, having some cash on hand is always a good idea. You may need cash for small transactions, tips, or for places that don’t accept cards (like some local markets, vendors, or smaller restaurants).
    • Tip: It’s also a good idea to carry small denominations (€5 and €10 notes) for tips and smaller purchases.

💸Tipping in Assisi: What’s Expected?

Tipping in Italy, including Assisi, is not mandatory but is always appreciated for good service. Here’s a breakdown of tipping customs in Assisi:

  • Restaurants and Cafés:
    • Service charge: Many restaurants will include a service charge (coperto) in the bill, which can range from €1 to €3 per person. This charge covers the bread, water, and the table setting, and it’s not technically a tip.
    • If the service was exceptional, leaving a tip of 5-10% of the total bill is appreciated.
    • In cafés, if you’re sitting at a table, it’s customary to leave €1-€2 as a tip.
  • Taxis:
    Tipping taxi drivers is not mandatory, but rounding up the fare to the nearest Euro or adding €1-€2 for good service is common.
  • Hotel Staff:
    If you receive exceptional service at your hotel, consider leaving €1-€2 per night for housekeeping and about €5-€10 for concierge or bellhop services.

🏷️Taxes: VAT and Tax Refunds

Italy, including Assisi, has a Value Added Tax (VAT) system, which is typically included in the price of goods and services. The standard VAT rate is 22%, though some goods and services may have a reduced rate.

  • Tax Refunds for Non-EU Tourists:
    If you’re visiting Assisi as a non-EU resident, you may be eligible for a tax refund for purchases over a certain amount (usually around €155). When shopping, ask the store if they offer the Tax Free program, and remember to keep your receipts.
  • How to Claim Your Refund:
    To get your VAT refund, you must:
    • Request a tax refund form from the store at the time of purchase.
    • Have your form stamped at the customs office at the airport when leaving Italy.
    • Submit your completed form to receive the refund, which can either be credited back to your credit card or issued as cash.

6. ATMs and Bank Hours ⏰

  • Bank Hours:
    Most banks in Assisi are open Monday to Friday from 9:00 AM to 1:00 PM and 3:00 PM to 4:30 PM. They are typically closed on weekends.
  • ATMs:
    ATMs in Assisi are available 24/7, so you can withdraw cash at any time.
  • Currency Exchange:
    If you need to exchange foreign currency, there are currency exchange offices open during regular working hours, but keep in mind they may not be available on Sundays.