
Traveler's Cheques and Credit Cards
It is always advisable to carry a mixture of cash and traveler's cheques to protect ones self against any situation. It is extremely easy to exchange money in any urban center in Italy, although it is somewhat more difficult in rural areas. Interest rates and commissions vary somewhat drastically from financial institution to financial institution, with banks normally having the best rates.
Tourists can get a relatively better exchange rate for traveler's cheques and they are safer to carry though not as liquid as cash. American Express, Visa or Thomas Cook Traveler's Cheques are readily accepted. Many hotels do not accept Traveler's checks without a high commission.
Many hotels, restaurants and shops in urban areas accept credit cards, the well-known and more accepted ones being American Express, MasterCard, and Visa.
The Euro (€) is made up of 100 cents. Please check with your bank for rates of exchange. Euros can be purchased at foreign exchange departments at your local bank or at any bank in Italian (including those located at airports which are open for all flight arrivals). ATMs (Automatic Teller Machines) are located at most banks and most accept major credit cards, particularly Visa and MasterCard, as well as Plus and Cirrus debit cards.
Main Addresses For Traveler's Cheques and Credit Cards
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Thomas Cook
Rome Via del Corso 23 Roma 00186 Tel: (+ 39) 06 323 0067
Venice Piazza San Marco, 142 Venezia 30124 Tel: (+ 39) 041 522 4751
Florence Ponte Vecchio, Lungarno Acciaiuoli 6R Firenze 50123 Tel: (+ 39) 55 289781
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American Express
Rome Largo Caduti Di El Alamein 9 Roma 00173 Tel: (39)(06) 72280308 Mon-Fri 9:00am-5:00pm
Venice 1471 San Marco Venezia 30124 Tel: (39)(041) 5200844 Mon-Fri 9am-5:30pm Sat 9am-12:30pm
Florence Via Dante Alighieri 22/R Firenze 50123 Tel: (39)(055) 50981 Mon-Fri 9:00am-5:30pm Sat 9:00am-12:30pm
Milan Via Brera 3 Milano 20121 Tel: (39)(02) 72003693/72003696 Mon-Thu 9:00am-5:30pm Fri 9:00am-5:00pm
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ATM machines are available in almost every major city, although they are not always extremely easy to find. Exchange rates are currently posted in every bank.
Conducting business in Italian banks is a time consuming affair involving extraordinary amounts of paperwork, form filling, and lines (one of the few places one finds a line in Italy).
Normally currency exchange desks and lines are clearly labeled with a sign reading "Cambio".
Security is very visible in Italian banks, often featuring electronic double doors and highly armed guards.