MONEY, EXCHANGE AND CURRENCY IN TURIN

Currency

  • Official Currency: The official currency in Turin, as in the rest of Italy, is the Euro (€).
  • Banknotes and Coins: Euro banknotes come in denominations of €5, €10, €20, €50, €100, €200, and €500. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as €1 and €2.

Currency Exchange

  • Exchange Offices: Currency exchange services are available at various locations around Turin, including:
    • Airport: Exchange offices at Turin Airport (Aeroporto di Torino-Caselle) offer currency exchange services. The airport is accessible via bus and taxi.
    • Train Stations: Major train stations like Torino Porta Nuova and Torino Porta Susa have exchange services.
    • Tourist Areas: Central tourist areas, such as Piazza Castello and Via Roma, have multiple exchange offices.
    • Banks: Banks across Turin offer currency exchange services. Some of the major banks include Intesa Sanpaolo, UniCredit, and Banco BPM.
  • Rates and Fees: Exchange rates at airport and train station kiosks may not be as favorable as those offered by banks or dedicated exchange offices. Always check the rates and any service fees before exchanging large sums.

ATMs

  • Availability: ATMs (Automated Teller Machines) are widely available throughout Turin. You can find them at major banks, shopping centers, and busy streets.
  • International Cards: Most ATMs accept international debit and credit cards. Look for ATMs with the Visa, MasterCard, or Maestro logos.
  • Fees: Be aware of potential fees for withdrawing cash from international ATMs. Check with your home bank about any applicable fees or exchange rates before you travel.

Credit and Debit Cards

  • Acceptance: Major credit and debit cards (Visa, MasterCard, American Express) are widely accepted in shops, restaurants, hotels, and other businesses.
  • Contactless Payments: Contactless payment options are commonly used and accepted in many establishments, offering a convenient way to pay without entering a PIN for small transactions.
  • Inform Your Bank: Notify your bank of your travel plans to avoid any issues with card usage while abroad.

Cash Usage

  • Cash Requirements: While most places in Turin accept cards, carrying some cash is advisable for small purchases, local markets, and certain smaller establishments that may not accept cards.
  • Safety: Use hotel safes or secure locations to store large amounts of cash. Carry only what you need for daily expenses to minimize the risk of theft.

Budgeting and Costs

  • Typical Expenses: Understanding the cost of living in Turin can help you manage your budget:
    • Meals: Average meal prices range from €10-€15 for a mid-range restaurant. Street food and budget eateries may cost around €5-€10.
    • Public Transportation: A single ticket for public transport costs around €1.70.
    • Attractions: Entrance fees to attractions can vary; some museums and sites may charge around €10-€15.

Useful Tips

  1. Exchange in Advance: If you prefer to avoid higher exchange rates at airports or tourist areas, consider exchanging money in advance before your trip.
  2. Check Fees: Be aware of any fees associated with using your card abroad or withdrawing cash from ATMs.
  3. Keep Receipts: Retain receipts for any currency exchange transactions for reference or in case of discrepancies.

Emergency Numbers

  • Lost or Stolen Cards: Contact your card issuer immediately. For Visa and MasterCard, call the international hotline listed on their websites.
  • Bank Contacts: Contact local banks for support with ATM issues or other financial inquiries.