How exchange offices make money
A bureau de change buys your dollars or pounds at one rate and sells euros at another. The gap between those rates and the real mid-market rate is its margin. In tourist areas that margin is commonly 5% to 15%, and the board in the window may show the rate for buying, not selling. “0% commission” only means there is no separate fee on top.
Before you change money, ask: “Quanti euro ricevo?” (how many euros will I receive?) for your exact amount, and compare it with the mid-market rate on your phone.
Your options in Italy
| Where | Rate | Notes |
|---|---|---|
| Bank ATM with a low-fee card | Best | Choose to be charged in euros |
| Bureau de change in town | Poor to fair | Ask for a written quote; avoid those next to monuments |
| Airport and station exchange desks | Worst | Change only what you need for a taxi, or use an ATM |
| Italian bank branch | Customers only, usually | Not a realistic option for most visitors |
| Hotel reception | Poor | Small amounts in an emergency |
Exchanging large amounts
If you are bringing money for a long stay or a property purchase, do not carry cash. Open an account and transfer the money with a transfer service or currency broker. See sending money to Italy. Entering the EU with €10,000 or more in cash requires a customs declaration.
Old lira and damaged notes
Italian lira notes and coins can no longer be exchanged. Damaged euro banknotes can be exchanged free of charge at Banca d’Italia branches if more than half of the note remains.
Frequently asked questions
Can I exchange money at an Italian bank?
Most Italian banks only exchange foreign currency for their own account holders, and some branches do not handle foreign cash at all. Bureaux de change and some post offices are the main options for visitors.
What does zero commission mean at an exchange office?
Zero commission means there is no separate fee, but the exchange rate itself includes the office’s margin. Compare the number of euros you will receive for your amount with the mid-market rate published by the ECB or shown on a currency app.
Where can I exchange money in Rome?
Bureaux de change cluster around Termini station, the Spanish Steps and the Vatican. Rates vary a lot between offices on the same street, so ask for a written quote before handing over your money, or use a bank ATM instead.
Can I change leftover euros back at the end of my trip?
Yes, but you will lose again on the rate. Spend coins before you leave, and keep a small amount of notes for your next trip to the euro area.
Sources and fact-checking
Checked on 2 November 2026 by Ionut Popea following our editorial policy. Fees, codes and rules change; confirm anything important with the bank or authority before acting.