Managing money and payments in Spain can be confusing. Let’s not let it dampen your trip! We share our expert travel tips on how to pay in Spain, including local currency, where to exchange your money, and different payment methods, from cash, credit, and debit cards to modern mobile payments. Read this complete guide to make sure you don’t overpay extra fees and keep your travel money safe. It’s smart to know before you go!
How to pay in Spain
All about money in Spain
The national Spanish currency is the euro (€). The paper bills come in denominations of €5, €10, €20, €50, €100, €200, and €500. The coins are 1 cent (€0.01), 2 cents (€0.02), 5 cents (€0.05), 10 cents (€0.10), 20 cents (€0.20), 50 cents (€0.50), €1, and €2. They are the only form of currency accepted in Spain.
The euro is used within the eurozone, or the 20 European countries that use this currency, including surrounding countries like Portugal, Italy, and France. So, if you plan on traveling around Europe, you don’t have to exchange your money more than once.
Where to exchange your money in Spain
When you’re in Spain, it’s recommended to change your money at exchange offices (casa de cambios). They are specifically for currency exchange and can be found in major tourist areas, airports, train stations, and city centers. They usually offer convenient opening hours and competitive rates.
Pro tip: Do the research now. Head to Cambiator, a Spanish website that compares exchange rates for different casas de cambios. Then you can find offices in the Spanish cities you’ll be visiting and exchange your money here.
You can also exchange currency in some Spanish banks. Top major banks, such as Banco Santander or BBVA, may offer currency exchange services, mainly around tourist hotspots. However, you can’t simply walk into any bank to change your money – just a few banks offer this service. If they do offer currency exchange, note that banks are usually open only in the mornings, so make sure to check their business hours.
Remember, if you’re bringing cash, check the currency exchange rates and fees in your home country first before you come. Then compare it on the Cambiator website. You want to get the best deal!
Taking out cash from ATMs
ATMs in Spain (known as cajeros automáticos) are easily available in cities and towns. Using your debit card, you can withdraw euros directly from ATMs. Check with your bank or card issuer to ensure your bank card will work at all Spanish ATMs.
The ATMs may have cash withdrawal limits, depending on the specific ATM, the issuing bank, and your home bank’s policies. The common withdrawal limit is typically around €300–€600 per day, but check with your home bank beforehand to determine your specific limit.
Also, check your home bank’s transaction fees for international withdrawals and currency exchange rates. You don’t want to get overcharged!
Using your credit or debit card in Spain
Major card networks are available in Spain, namely Visa and Mastercard. Very few establishments accept American Express.
Spanish consumers often use a debit or credit card to pay in person and with online payments. They’re an excellent way for tourists to make purchases because it’s convenient, and the currency conversion is usually good. Again, check with your credit card for conversion rates or fees.
Mobile Payment Options in Spain
You can also pay via popular mobile payment services, digital wallets, or e-wallets, such as PayPal, Apple Pay, Google Pay, Samsung Pay, or any other. These contactless payment services are widely accepted by many retailers, such as supermarkets and retail shops.
To make payments between friends, Spanish locals often use Revolut or Bizum, which allow bank transfers. Businesses in Spain, however, usually do not accept payments using these apps.
Safety and Security Tips When Paying in Spain
- While Spain is not considered a dangerous country, petty theft, especially in large cities like Madrid and Barcelona, is common. Be vigilant with your wallet and purse while in Spain. Be discreet when you bring out your wallet in public spaces. Only take it out when you must pay for something. Pickpockets like to target tourists!
- Before your trip, notify your bank and credit card companies that you’ll be traveling to Spain. This will help avoid suspicious activity flags or card deactivation. They’ll also be able to assist you better if your card is lost or stolen.
- Avoid carrying large amounts of cash. Only carry the amount you’ll need for daily expenses to minimize the risk of loss or theft. Use secure methods to hide your cash and cards, such as a money belt or neck wallet.
FAQs
Is it better to pay by card in Spain?
If your card gets stolen, credit cards offer a layer of security. You can quickly report it to your credit card company, and they can help you resolve any fraudulent charges. It’s also a good idea to have a backup way of paying, such as with cash or mobile payment.
Should I use cash or a debit card in Spain?
You can use both. Cash is convenient for small purchases. Your debit card is also a convenient way to pay, but check the currency exchange and other transaction fees.
Do you get charged for using your debit or credit card in Spain?
It’s possible. If you use the card in your home currency, check with your home bank first to see if they charge any extra fees on top of the exchange rate. If you charge the card in the local currency, you avoid conversion fees. However, make sure that your card doesn’t charge foreign transaction fees for international purchases.
Have any questions about money in Spain? Need more Spain travel tips? Let us know in the comments! Send us a message if you need help planning your trip!
