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Banks And Exchange in Italy
People get the best rate of exchange (cambio) at a bank in Italy . There are a few banking chains in this country, the Banca Nazionale del Lavoro, Crédito Italiano and Cassa di Risparmio, among others, as well as regional chains like the Banca di Roma, Banco di Napoli or Banco di Sicilia. 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.
Banks and post offices are the most reliable places to change traveller's cheques and generally they provide the best rates; shop around for the lowest commission deals and the shortest queues. Credit cards are widely accepted in Italy and the exchange rate is usually better than for cash or travellers cheques. Many Italy banks have ATM'S (automatic teller machine), enabling you to draw foreign currency while you stay in Italy. If you open a bank account in one of Italy's banks, you are advised to compare commission rates for money transfer to and from Italy. In most of the banks in Italy you will find a few English speaking employees, the best chance is in the foreign exchange section of the bank.
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« Costs, Money And Banks in Italy
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