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Currency and banks

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Spain uses the Euro, introduced throughout Europe in 2002. Coins are available in 1, 2, 5, 10 and 50 cents and 1 and 2 Euros. Notes come in denominations of 5, 10, 20, 50, 100 and 500 euros. More information including pictures of coins and notes and exchange rates is available at: http://www.euro.ecb.int

Exchange

We recommend using banks and other official exchange houses, to avoid possible frauds. Almost all the banks have dedicate booths for exchange. The main train and bus stations usually have exchange offices with are open extended hours.

There should be no problem finding a place to change money in Madrid, in almost all banks, 'cajas' or in the many exchange houses in the tourist areas. While the latter have the advantage of longer opening hours (some are open 24 hours a day), where posssible we would recommend using banks, cajas or the American Express office which generally offer better exchange rates than the exchange houses.
A list of addresses for the main national and foreign banks, the 'cajas' and the exchange houses can be found on our bank address (bellow).

Credit cards

Credit cards are widely accepted in Madrid, except in tapas bars, cheap restaurants and low-budget hotels. VISA is the most widely accepted card, but AMEX and Master Card (Access) are also quite widely recognised. Where appropriate we have provided a list of accepted credit cards.

In the event that your credit card is lost or stolen:

American Express: 91 572 03 03
Cajamadrid: 91 519 38 00
4B: 91 726 00 00 / 91 532 62 00
Eurocard-Mastercard: 91 519 21 00
Dinner's: 91 547 40 00
Sistema 6000: 91 355 30 00 / 91 596 53 35
Visa: 519 21 00

Typical costs

Below we give a list of some typical prices for goods and services. Obviously these are only intended as a very rough guide, and prices can vary tremendously from those presented.

    A basic three-course lunch, including wine and coffee: 9 euro
    Cheap accommodation (with no bath in room): 15 euro
    A small glass (250 ml) of beer in a bar: 1 euro - 1.20 euro
    A single subway or bus ride: 0.95 euro
    Average price for a lift in a taxi within the center: 5 euro
    Ticket to the movies: 6 euro
    Stamp for a letter within the European Union: 0.51 euro

Banks

    Banco Bilbao Vizcaya Argentaria (BBVA) www
    Banco Santander Central Hipano www
    Banesto www

Foreign banks

Citibank www
Deutsche Bank www

Trusts

    Caja Madrid www
    La Caixa www

Exchange houses

    American Express office
    Chequepoint
    Western Union Money Transfer