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World Travel Guide > Guides > Europe > Italy

Money and duty free for Italy

Currency and Money

Currency information

Euro (EUR; symbol €) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.

Credit cards

MasterCard, American Express, Cirrus, Maestro and Visa are widely accepted. Some restaurants charge an extra ‘service fee’ if you pay the bill by credit or debit card – ask the establishment whether this is the case before using your card. 

ATM

ATMs are widely available throughout Italy. Look for the ‘Bancomat’ sign for machines with multilingual interfaces. Pickpocketing and petty thievery can be problematic in tourist areas, so take care to keep belongings secure and be vigilant when making cash withdrawals. 

Travellers cheques

Traveller's cheques are rarely accepted even at banks. Expect high exchange rates at banks and at exchange offices. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros, Pounds Sterling or US Dollars.

Banking hours

These vary from city to city but, in general, Mon-Fri 0830-1330 and 1500-1600.

Currency restrictions

There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared if travelling from or to a country outside the European Union.

Currency exchange

Foreign money can be changed at banks, railway stations and airports and very often at major hotels (albeit usually at a less advantageous exchange rate).

Italy duty free

Overview

Italy is within the European Union. If you are travelling from outside of the EU, you are entitled to buy fragrance, skincare, cosmetics, Champagne, wine, selected spirits, fashion accessories, gifts and souvenirs - all at tax-free equivalent prices.

Italy's duty-free allowance for travellers from EU countries:

Goods obtained duty and tax paid in the EU are unlimited, as long as they are for your own use. However, if you bring in more than the following, customs officials are more likely to ask the reason for holding the goods:

• 800 cigarettes or 400 cigarillos or 200 cigars or 1kg of tobacco.
• 90L of still wine.
• 110L of beer.
• 10L of alcoholic beverages stronger than 22% or 20L of fortified or sparkling wine or other liqueurs up to 22%.

Italy's duty-free allowance for travellers from non-EU countries:

If you are arriving from a non-EU country, the following goods may be imported into Germany by travellers with a minimum age of 17 years without incurring customs duty:

• 200 cigarettes or 100 cigarillos (max. 3 grams each) or 50 cigars or 250g of tobacco.
• 4L of wine and 16L of beer and 1L of spirits over 22% volume or 2L of alcoholic beverages less than 22% volume.
• Other goods up to the value of €430 for air and sea travellers and €300 for other travellers (reduced to €175 for children under 15).

Banned Imports

Meat and milk and any derivative products from most non-EU countries, protected animal and plant species, unlicensed firearms and weapons, and counterfeit goods.

Banned Exports

Cultural artefacts which are more than 50 years old must be accompanied by an export licence.

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