MONEY AND CURRENCY IN CINQUE TERRE

Currency in Cinque Terre

Italy uses the Euro (€), which is the official currency throughout the country, including Cinque Terre. One euro is divided into 100 cents, and coins range from €0.01 to €2, while banknotes come in denominations of €5, €10, €20, €50, €100, €200, and €500.

Where to Exchange Currency

Although it’s best to exchange some euros before your trip, you can easily access local currency once you arrive in Cinque Terre. Here are some options:

  1. ATMs (Bancomat): The most convenient and cost-effective way to get euros is by withdrawing from ATMs. Every village in Cinque Terre has at least one ATM, typically located near train stations or main squares. Look for machines labeled “Bancomat.” Remember to check with your bank for any foreign withdrawal fees.
  2. Currency Exchange Offices: While you might find currency exchange services in nearby cities like La Spezia, these are less common in Cinque Terre. If you plan to exchange money, it’s best to do so before arriving in the villages. Rates at airports and hotels may be less favorable than at banks or exchange bureaus.
  3. Banks: Banks in Cinque Terre are scarce, but a few can be found in Monterosso al Mare and Riomaggiore. Some banks offer currency exchange, though they may have limited operating hours (typically closed in the afternoons and on weekends).

Using Credit and Debit Cards

Credit and debit cards are widely accepted in Italy, especially in larger towns and tourist hotspots. However, Cinque Terre, with its more rural and small-town feel, can sometimes be an exception. Here’s what to expect:

  • Cards Accepted: Most hotels, restaurants, and larger shops accept major credit cards like Visa, Mastercard, and American Express. However, small family-run businesses, local markets, and some cafes may only accept cash, so it’s always a good idea to carry some euros.
  • Chip-and-PIN: Italy uses the chip-and-PIN system, so ensure your credit card has a chip for easier transactions. Some places may require you to enter your PIN instead of signing a receipt.
  • Contactless Payments: Apple Pay, Google Pay, and other contactless payment methods are becoming more common in Cinque Terre, particularly in larger restaurants and shops.

ATMs and Cash Withdrawal Tips

  • Check Fees: Before using your debit card abroad, check with your bank for any international ATM withdrawal fees. Some banks partner with Italian institutions to minimize fees.
  • Daily Limits: Most ATMs in Italy allow withdrawals up to €250-500 per transaction, depending on your bank’s limits. Ensure you are aware of your daily withdrawal limit and your bank’s policies.
  • Safety: Using ATMs during daylight hours and in well-populated areas, like near train stations, is advisable for safety. Always cover your PIN and be aware of your surroundings when withdrawing cash.

Tipping Culture

Tipping in Italy is not as common or expected as it might be in some other countries. Here’s a breakdown of typical tipping practices:

  • Restaurants: A “coperto” (cover charge) of around €1-3 per person is often added to your bill, especially in tourist areas. This covers bread and table service. While tipping isn’t obligatory, rounding up the bill or leaving a small amount (about 5-10%) for exceptional service is appreciated.
  • Cafes and Bars: Tipping isn’t expected in cafes, especially if you’re ordering at the counter. However, if you have table service, it’s customary to leave small change or round up the bill.
  • Hotels: Tipping in hotels is also not mandatory, but you can leave a small amount (€1-2 per bag) for bellhops or a similar amount for housekeeping.
  • Taxis: It’s common to round up the fare to the nearest euro when paying for taxis, but no need to add a large tip.

Budgeting Tips

  • Cinque Terre Card: If you plan to visit multiple villages and use the hiking trails, consider purchasing the Cinque Terre Card, which includes unlimited access to the park trails, local trains, and some buses. It’s a great way to save money on transportation and park fees.
  • Affordable Eating: Eating out in Cinque Terre can range from budget-friendly trattorias to more expensive restaurants. For an authentic experience at a lower cost, try local markets, cafes, or takeaway spots for fresh focaccia, seafood, and other Ligurian specialties.
  • Tap Water: Tap water is safe to drink in Cinque Terre, so you can save money by refilling a water bottle instead of buying bottled water.

Money Safety

  • Use a Money Belt: Since Cinque Terre is a popular tourist destination, petty theft and pickpocketing can happen in crowded areas, especially in train stations and markets. Consider using a money belt or neck pouch to keep your cash and cards secure.
  • Notify Your Bank: Before traveling, notify your bank of your trip to Italy to avoid your card being blocked for suspicious activity.
  • Have a Backup: Bring more than one form of payment, such as a backup credit card, in case your primary card is lost, stolen, or declined.