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| BANKING![]() CURRENCY EXCHANGE![]() 25 APRIL 2024
WHERE CAN CURRENCY BE CHANGED?
Any kind of transactions can processed from your local bank institutions (including savings banks and credit cooperatives).
There are different types of establishments in what foreign exchange is concerned:
- The ones authorized only to purchase foreign currency notes or traveler's checks payable in euros.
- The ones authorized to buy and sell foreign currency notes or traveler's checks.
- The ones that can also enable (send or receive) foreign transfers.
If you need to perform any other exchange operations as foreign currency loans or opening a foreign currency account you need to go to a bank.
Most banks offer currency exchange services, but have no obligation to lend money. Also, they do not normally exchange currency unless it is in note bills. When you make a credit card cash withdrawal you can also get local note bills.
A setback for tourists is the fact that hotels do not usually change currency and exchange houses are not that common in this country. However, at the airport it is where it’s most common to exchange money once landed in Spain.
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