What is the local currency?
The local currency is the euro. The Italian lira is no longer accepted.
What denominations does it come in?
Coins:1, 2, 5, 10, 20, and 50 cents; 1 and 2 euros
Notes: 5, 10, 20, 50, 100, 200 and 500 euros
What is the best way to exchange currency?
Currency can be exchanged at post offices, banks and exchange offices. The Post Office offers the best (i.e. lowest) exchange fees.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Commonly-used forms of payment are cash, debit cards and major credit cards.
Will I be able to use my credit card around town? If not, list when I’ll need cash.
You will need cash when shopping in small shops, grocery stores and cafés.
By what method are bills (such as rent and utilities) paid?
Bills are normally paid with cash, checks or automatic bank transfers.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
Once you have a Codice Fiscale and Permit of Stay you are allowed to open a bank account.
Will foreign residents be able to find banking services in their native languages?
This is fairly difficult. All bank documents and contracts are in Italian.
Are there any restrictions on services for those who are new to your country?
With most banks you will need to wait for one or two months before you are given an ATM or credit card. This is the case whether you are a foreigner or an Italian, but the waiting time varies depending upon the bank.
What are typical banking hours?
Typical banking hours are from 8:30 am to 12:30 pm and 2:30 pm to 3:30 pm.
Are automatic teller machines (ATMs) available around the clock?
Yes, they are.
Is there any other money information that might help me?
ATM machines sometimes run out of cash over the weekends, so it is a good idea to withdraw sufficient cash in advance.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.