What kind of money do you have to pay with in Europe?
If you prefer dealing in cash, then by all means get some euros out before your trip. But actually, you'll find that debit and credit cards are widely accepted in most European cities. Paying by card can be easier and more convenient, without the potential security risk of carrying cash around you.
The euro is the official currency of 20 European Union countries which collectively make up the euro area, also known as the eurozone. Some EU countries have yet to meet the criteria required to join the euro area while Denmark has opted not to participate. Within the euro area, the euro is the only legal tender.
You will need to have euros on hand if you are travelling to one of the many countries in Europe which use the euro as legal tender. In total, there are 19 EU member countries who have adopted the Euro as their official currency.
A poster advised that a good general rule of thumb for estimating the cost of a European vacation for a family of 4 staying at 4 star places in early June is $100 per day per person plus airfare.
For credit cards, Visa and MasterCard are universal, while American Express and Discover are less common. US debit cards with a Visa or MasterCard logo will work in any European ATM.
American credit cards work throughout Europe (at hotels, larger shops and restaurants, travel agencies, car-rental agencies, and so on); Visa and MasterCard are the most widely accepted. American Express is less common, and the Discover card is unknown in Europe.
Generally no. But if some places accept dollars, their rate of exchange will be high. You can use a US debit card and pay in Euros.
You cannot use US dollars to pay in Europe, but you can use a debit card connected to an American bank account. The payment will then automatically be converted as they're deducted from your account. That's the most convenient option.
Euro notes are the legal tender in the form of paper banknotes that can be used in exchange for goods and services in the eurozone.
Expense | Estimated cost |
---|---|
Local transportation | $0 to $30 per day, depending on whether you walk, drive, or use public transportation |
Food & drink | $25 to $100 per day, depending on whether you are cooking or eating out |
Attractions | $0 to $100 per day |
Spending money | $0 to $100 per day |
How much cash should I bring on a 2 week trip to Europe?
A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling. As with all things, research is your friend here. Understand where you're travelling and what the local customs regarding cash are.
I've visited Europe several times, and here are my personal #travel tips. For a 7-11 day Europe trip, I bring $200-$300 Euros in cash. I find it less stressful to order Euros from my bank a few weeks before my trip, so I have local cash upon arrival. The exchange rate is usually better this way.
A well-planned budget for a three-week trip to Europe should range between $2,500 and $6,000. This is a ballpark figure and having a buffer is wise. Factors such as personal travel style, destinations chosen, and current exchange rates will greatly affect the final total.
As a general estimate, you might consider the following ranges: Budget Travelers: For those on a tight budget, eating at local markets, street food stalls, and more affordable restaurants, the average cost may range from €30 to €60 per day for two people.
A good budget would be between 40 – 70 Euros for food in a day if eating all your meals out (and how much you eat). You should also have some leftover for gelato. Drinking is a favourite past time for many of us, and for those coming from Australia, the good news is that alcohol is MUCH cheaper in Europe.
Keep in mind that this step is up to you and doesn't always get you the best exchange rate—it's not necessary to obtain euros before traveling to most European countries. Once you're in Europe, you can use your debit card at an international ATM machine.
Avoid "independent" ATMs, such as Travelex, Euronet, Your Cash, Cardpoint, and Cashzone.
- Wise - debit card.
- Revolut - debit card.
- Travelex - prepaid card.
- 28 Degrees Platinum - credit card.
- Bankwest Zero Platinum Mastercard - credit card.
Most European countries use chip-and-PIN for payments, while contactless payments with debit cards are increasingly becoming the norm. What does this mean for those trying to use foreign credit cards in Europe? If you're bound for Europe, be warned: your foreign credit card won't always work.
When Europeans buy something with plastic, they insert their card, then type in their PIN. Despite some differences between European and US cards, there's little to worry about. US-issued Visa and Mastercard credit cards, along with familiar payment apps, typically work fine in Europe.
Is it cheaper to buy euros in the US or in Europe?
It's often more cost-effective to exchange a small amount of euros in America for initial expenses and then withdraw euros from ATMs in Europe for a better exchange rate and lower fees.
USD | EUR |
---|---|
100 USD | 91.23 EUR |
500 USD | 456.17 EUR |
1,000 USD | 912.35 EUR |
5,000 USD | 4,561.77 EUR |
Ordering currency from your bank before you travel is almost always better than using the airport currency exchange. Sally French is a travel rewards expert who joined NerdWallet in 2020.
How Much Cash Can You Fly With? If you are traveling on an international flight and have more than $10,000 in your possession, you must disclose the amount of U.S. Currency in your possession on a FinCEN 105 form. On a domestic flight, no rule requires you to disclose carrying $10,000 or more on the flight.
It's not a problem to pay with credit cards in Europe but there are still many places that only take cash. You can need cash to pay for a taxi or when you need to use a restroom.
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