CurrencyGermany uses the European monetary unit, the euro (€). Euro bills come in denominations of 5, 10, 20, 50, 100, 200, and 500; coins are worth 1 cent of a euro, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1 euro, and 2 euros. Local merchants may refuse to accept €200 and €500 bills due to the prevalence of counterfeit bills.There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared if travelling from or to a country outside the European Union.Foreign currencies and traveller’s cheques can be exchanged at banks, bureaux de change, post offices, airports, railway stations, ports and major hotels at the official exchange rates.BankingBanking hours are generally Mon-Fri 08h30-13h00 and 14h00-16h00, Thurs 08h30-13h00 and 14h30-17h30 in main cities. Main branches do not close for lunch. Bureaux de change in airports and main railway stations are open 06h00-22h00.Shopping in Germany is still very cash-based and you’ll need to have a supply of Euro notes and coins on you all the time. The banking system in Germany is a little different to the ones in English-speaking countries. Most purchases are made with cash. Checks (cheques) are virtually unknown and credit cards are mainly used for special transactions such as car hire.Travelers should bear this in mind and plan to carry some cash with them. Your hotel will very likely accept credit cards, but most shops and restaurants which don’t specifically cater to tourists won’t. Fortunately ATMs are ubiquitous in Germany but most are contained inside the bank itself, and outside of opening hours you’ll have to insert your card into a slot in the door to gain access. It’s very rare to find a “hole-in-the-wall” type of ATM directly on the street. Most ATMs accept credit cards such as Mastercard, American Express, Visa, Diners’ Club International as well as normal debit cards with Plus and Cirrus marks.Virtually all ATMs will allow you to withdraw cash from a foreign bank or financial institution, either by credit card or using a bank card which is compatible with the Plus, Maestro and / or Cirrus networks. Fees may be applied; ask your bank or credit card issuer for details.
Banking
CurrencyGermany uses the European monetary unit, the euro (€). Euro bills come in denominations of 5, 10, 20, 50, 100, 200, and 500; coins are worth…
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