MONEY, EXCHANGE & CURRENCY IN ROME

Currency:

The official currency in Rome, as in the rest of Italy, is the Euro (EUR). Euros are available in coins and banknotes, with the latter ranging from 5 to 500 Euros.

Banking and ATMs:

Banks:

  • Major Italian banks, such as UniCredit, Intesa Sanpaolo, and Banca Nazionale del Lavoro, are prevalent in Rome.
  • Banking hours typically run from 8:30 AM to 1:30 PM, Monday to Friday.

ATMs (Bancomat):

  • ATMs are widely available throughout the city, allowing you to withdraw Euros.
  • International debit and credit cards are widely accepted.

Exchange Bureaus:

  • Currency exchange services are offered at airports, train stations, and major tourist areas.
  • Be cautious of fees and exchange rates, which may vary.

Payment Methods:

Credit Cards:

  • Credit cards (Visa, MasterCard, and to a lesser extent, American Express) are widely accepted in hotels, restaurants, and shops.
  • Always inform your bank of your travel dates to avoid card issues.

Cash:

  • While cards are common, having some cash is advisable, especially in smaller establishments and markets.
  • Many places accept contactless payments.

Mobile Payments:

  • Mobile payment options, such as Apple Pay and Google Pay, are becoming more prevalent.

Tips for Handling Money:

Check Exchange Rates:

Stay informed about current exchange rates to ensure fair transactions.

ATM Withdrawals:

Use ATMs affiliated with banks to minimize fees.

Card Safety:

Keep an eye on your cards and consider using anti-theft accessories, like money belts.

Small Denominations:

Keep small denominations for convenience, especially in markets and for tipping.

Inform Your Bank:

Notify your bank of your travel dates to prevent card disruptions.

Tipping:

Tipping is not obligatory but is appreciated. Round up bills or leave a small percentage for good service.

Currency Conversion:

Be cautious when offered the choice to be charged in your home currency. Opt for Euros to avoid unfavorable exchange rates.

Emergency Cash:

Familiarize yourself with the location of your country’s embassy or consulate for emergency assistance, including lost or stolen cards.