Money and Currency

Currency

The currency adopted by Spain is the Euro, referred to as the EUR. As a general rule of thumb, one euro is worth around 75p but of course, this is subject to change as exchange rates change.

While the euro is performing in its current state the cost of food and drink in Spain could be more than anticipated.  However, as with any tourist destinations, there are bargains to be had if you shop around and bars and restaurants will always compete for your money so make sure you barter.

Money Exchange

You can exchange most currencies into euros at most Spanish banks, at bureax de change or at many bigger hotels.  Be careful about rates and fees which can vary widely. it is worth shopping around the various places to get the best deal.

It is also worth noting that if you exchange your currency within the UK before you leave, many  places will exchange back any of your unused money for free.

Banking

Generally, Banks in Spain open between 9am and 2pm Monday to Friday, and some open between 9am and 1pm Saturday. If you need to visit a Spanish bank then be aware that banks are generally non-English speaking, although some of the bigger banks within tourist areas may have a member of staff who does speak English. Banks within rural areas or villages may not have any english speaking staff so generally the advice is to try to deal with your bank in the UK and use cash machines wherever possible.

Cash Machines

There is usually no problem finding a cash machine within tourist areas and cities of Spain. However, some smaller villages or rural towns may not have them.  You should be able to use most cash machines in Spain to take out Euros but some may not give you other services such as checking your balance or changing your pin.  You may also be charged for withdrawing money as is the case with some cash machines in the UK.

Credit/Debit Cards

As with the UK, credit cards are accepted by most retail outlets.  Just look out for the usual Visa, MasterCard symbols. You should be able to use your Visa Debit card wherever your see the standard VISA sign too.  People with Maestro, Switch or Cirrus cards should check with thier bank, but these days there shouldn't be much of a problem.

Bartering

As with most holiday destinations, there is an opportunity to barter with shops and traders.  In particular, any gift trader, whether being a shop or a market trader should be willing to barter so the advice is to be a cheeky as possible and lower the price as much as you can.