Banking and money

There are a number of banks in Florence, most of which having their own ATM machine located outside. Withdrawing money via ATMs – bancomat is probably the easiest and cheapest way to do it. However, many of the banks offer transfer and exchange services too.

Bank Transfers

Bank transfers are probably the safest way to transfer money, although, many banks will ask you to pay a small charge for the transaction. When transferring money from outside Italy, into an Italian bank account, you will need to give the IBAN number and SWIFT code of your Italian bank to your original bank. There are two major banks in Florence. These are the Bank of Toscana and Casa di Risparmio di Firenze. The central bank of Italy is called Banca d’Italia and you can find out more information about it on this website.

Banca d’Italia

Methods of Payment

Throughout Italy many places do not accept Cheques or Credit Cards. It is for this reason that it is always a good idea to carry around a reasonable amount of cash with you. However, make sure it is safe by keeping it close to you at all times.


The officical currency in Italy is the Euro (€) which is divided into 100 cents. The Knightsbridge Foreign exchange says you can obtain Euros through any bank, ATM or bureaux de change. Travellers cheques can be exchanged with ease in the large cities, but not so easily in the smaller towns.

Opening Hours

Banks in Italy are open Monday through Friday from 8:30 a.m. to 1:30 p.m. and from 3:00 – 4:00 p.m. However, most banks are closed all day on Saturday and Sunday as well as on national holidays.

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