Money

Regulations | Health | Money | Phone & Mail | Church Services | Miscellaneous


Tax refund for purchases made in Italy by non-resident visitors

According to the Italian law, based on the European Community provisions, as a non-resident visitor, you can claim a refund for goods and services tax paid for goods intended for personal or familiar use purchased in Italy. For more information see:

Agenzia delle Dogane [Italian Customs Agency] official web site
www.agenziadogane.gov.it/  

Companies specializing in refunding sales tax

Premier Tax Free
www.premiertaxfree.com

Global Refund
www.globalrefund.com

Travelers Checks
Will shops in Italy accept traveler's checks?
In major Italian cities and tourist areas traveler checks are accepted. The rate of exchange is calculated on the daily rate of exchange shown on the newspapers.

ATMs and Debit Cards
Can I use my Credit Card/Debit Card in Italy?
Yes. Most reputable establishments will accept major credit cards. Those establishments accepting credit cards will post the logos in their front windows, just as they do in the USA and Canada.

Are there ATMs in Italy? Will I need to know Italian to use the ATMs?

Yes. The ATM (Automatic Teller Machines) in Italy are known as Bancomat. There are many to be found in the large cities and even in small towns. The machines operate just as they do here; at the beginning of the transaction, it prompts the user for the preferred language.
Using a credit card, or even better, a debit card or your local bank ATM card is very easy. One must first locate either the Cirrus or BankMate symbol (on the Bancomat and on your card) to insure the card is usable on that particular unit. Cirrus and BankMate are the two most popular and widespread banking systems in the world so they are the best to have. If you are unsure about the compatibility or the banking systems, contact your credit card company or local bank.

After discovering the system is compatible, simply withdrawal money as you would at home. Of course, in Italy the money will be dispensed as Euros, but when you return home, your bank will have converted the Euros into dollars using the most beneficial exchange rate possible. Be careful though when using credit cards, as many banks are now charging large fees of 2.5% to 4% for cash advances which negate any advantage of using the Bancomat in the first place. One's best bet is to use your regular ATM card and simply withdraw money from your account just as you would do at your local bank.

Banking Hours
Banks in Italy are open Monday through Friday from 8:35 a.m. to 1:35 p.m. and from 3:00 - 4:00 p.m.; in many tourist areas they are open no-stop from 8.30 a.m. to 4p.m. and closed all day on Saturday and Sunday and on national holidays. The afternoon one hour opening may vary from city to city. Travelers checks can be exchanged for Italian currency at most hotels and shops and at the foreign exchange offices in main railway stations and at the airports.


Image: European Union

EURO
The new monetary currency is the Euro which is divided as follows: bills of 5, 10, 20, 50, 100, 200, 500; coins of 1, 2, 5, 10 Euros, 20 and 50 cents.
Welcome to the Euro Official Site of of the European Union (EU)
 

Currency Conversions
What is the exchange rate?
To find the current exchange rate between US Dollars, Canadian Dollars and Euros, please visit
The Universal Currency Converter


How to Get Euro
Once in Italy, how do I convert my dollars in euros?
Tourists reaching Italy without foreign currency can obtain Euros through any bank, ATM machines, or exchange office (Ufficio di Cambio) at airports, seaports and railway stations in the main cities.
 

Tipping Advice >>>>

 

 


 Regulations | Health | Money | Phone & Mail | Church Services | Miscellaneous