Money, banks and ATMs in Vienna (and Austria) | All About Vienna (2024)

Knowing details about money, banks, and ATMs in Vienna is essential to make your trip pleasant and stress-free. This is especially important if you are coming from the non-Euro zone and will have to take into account exchange rates. Fortunately, the exchange rate between Euro and other major currencies is quite steady and you won’t need to recalculate your expenses all the time. Here is some basic info about this topic.

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Money in Vienna

Vienna, as you know, is in Austria, which is part of the European Union and Eurozone, so the official currency is Euro (€). You should always pay attention when paying bills if you are coming from non-Euro countries and mind the exchange rate. (you can check it here: www.xe.com). Euro is slightly more valued than the US dollar and currently fares at 1 € = 1.19 $US. The difference between Euro and US Dollar is mostly between 10 and 20% in favor of the Euro, so 1 Euro is equal to 1.10-1.20 US Dollar. It makes it easy to calculate prices in shops or restaurants quickly as well.

Euro is the only currency accepted if you are paying cash and there is usually no exception to this rule. If you are planning to bring large amounts of cash of your own currency with you (which we never recommend for any destination), you might lose a lot during the exchange, as exchange offices at the airport or in hotels will rip you off with unfavorable rates. If you cannot escape bringing cash, exchange it in any bank downtown that offers favorable rates.

Cards, banks, and ATMs

We highly recommend using credit cards to pay any expense during your stay in Vienna. You will certainly need some cash in Euros during your visit for some minor expenses, such as buying an ice cream while walking or purchasing some small souvenirs on the street. For this purpose, you should withdraw a small amount as needed from local ATM machines.

There are ATMs and banks on every corner and cash withdrawals are in Euros with a fee. Major banks don’t charge ATM fees to foreigners, but privately-operated ATMs may sometimes charge high fees (Example: Euronet ATMs). However, the machine should warn you about the charge, so you have a choice to cancel the transaction before committing to it.

There are a few websites that provide maps of ATMs in Vienna, but they are not that practical. It is best to use Google Maps and search for ‘ATM near me’. This will show you the nearest ATM machine and how to get there.

Money, banks and ATMs in Vienna (and Austria) | All About Vienna (1)

Major credit cards are accepted almost everywhere, but please do check card charges from your bank in foreign countries before the trip. Most card machines will offer you to pay in Euros or in your card currency. We recommend choosing the Euro option since the card operator might have very unfavorable rates for your card. Usually, your bank will give you the best exchange rate with Euro.

Most of the card terminals in shops and restaurants also have the possibility for Google Pay or Apple Pay with a phone or other SMART device. You might not find this feature in souvenir shops as they might have outdated card terminals. So, bring your cards, just in case.

The top banks in Vienna (and Austria) are Erste Group Bank, Raiffeisen, and UniCredit, based on size, capital, number of branches, and ATMs. Other than these three, there are hundreds of banks in Vienna (and Austria) to choose from.

ATM withdrawal limits

Withdrawal limits for ATMs in Vienna (and Austria) are usually set to 400 Euros. This will also be limited by your bank, which can set daily withdrawal limits. So, if you have a daily cash withdrawal limit of $1,000, you will be able to withdraw a maximum of 800 Euros (two withdrawals).

Money, banks and ATMs in Vienna (and Austria) | All About Vienna (2)

Bitcoin ATMs

There are several Bitcoin-compatible ATMs in Vienna, you can utilize to perform Bitcoin-related transactions. You can find them from one of the Bitcoin search engines, such as Coin ATM Radar. The search will show you the location, services, and possible fees of these ATMs.

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Money exchange in Vienna

In-person money exchange is not that popular anymore, but there are still people who prefer to convert their actual money to local currency. For this case, we recommend the following exchange offices:

The Change Group, address: Neuer Markt 2, 1010 Wien, telephone: +43 1 9610666

Interchange Austria, address: Stephansplatz 9, 1010 Wien, telephone: +43 1 5339622

Interchange Austria, address: Vienna Airport Terminal 1, Vienna-Schwechat 1300, telephone: +43 1 7007 39535

Note: rates are changed regularly. Please check what is exchange rate and any additional fees before committing to change cash in these offices; maybe you will get better rate by just withdrawing money from the ATM.

Money transfers in Vienna

In case of emergency and other reasons, you can use money transfer services in Vienna, such as Western Union and MoneyGram. These are traditional money transfer services that are available almost everywhere in the world. We also recommend trying and using new services, such as Transferwise, which makes the transfer faster, cheaper, and more secure.

Read more: Info about banks, ATMs, and charges in Vienna.

Conclusion

As a European country, Austria has a stable and reliable banking system and visitors have many opportunities to take cash, pay with their cards or use a money transfer to and from Austria and Vienna. The only problem would be exchange rates and card and bank fees, which visitors have to pay attention to and avoid unnecessary expenses. Safe travels and see you soon!

Money, banks and ATMs in Vienna (and Austria) | All About Vienna (2024)

FAQs

Should I get euros before going to Austria? ›

You may want to exchange money to EUR before you leave, but it's also usually convenient to make ATM withdrawals locally once you arrive in Austria. You'll usually find you can use a card to make payments in Austria, but carrying some cash in EUR is also reassuring.

Where to withdraw money in Vienna? ›

You can withdraw cash with Maestro and credit cards at cash dispensers, which can be found everywhere in the city. If you need to exchange money, you are best doing this at a bank. Foreign exchange booths sometimes charge high fees, so please check, before you change your money.

Do ATMs in Vienna charge? ›

The only operator who always charges fees in Austria is Euronet. I have read that some Raiffeisenbank ATMs also charges fees but in any case it has to be clearly stated that they will charge your before you withdraw money... 99.9% of the ATMs in Austria do not charge on-site fees.

Can I use my US debit card in Austria? ›

US debit cards with a Visa or MasterCard logo will work in any European ATM. Go "contactless." Get comfortable using contactless pay options.

Is it better to get euros in the US Bank or in Europe? ›

If you do want to wait until you arrive in Europe to get your euros, a word of caution. It's not usually a good idea to exchange currency at the airport, or even at your hotel. These places are definitely convenient, but you're likely to pay a premium for it. Commission fees can be high and exchange rates unfavorable.

What is the best way to pay in Vienna? ›

5 Top Payment Methods in Austria
  1. Card Payments. Card Payments – both credit and debit – are the most popular payment method for online shopping in Austria. ...
  2. Bank Transfers. Bank transfers are another popular payment method in Austria. ...
  3. Digital Wallets. ...
  4. Cash. ...
  5. Buy Now, Pay Later.

What are ATMs called in Austria? ›

ATM's are widely used in Austria and are called "Bankomat".

Does Austria prefer cash or card? ›

While the survey suggests cashless payment methods have gained popularity over the past few years, it also underscores the continued importance of cash and payment choice to many people, with Austria and Germany traditionally being strongholds for cash preference.

How much is cash withdrawal fee in Austria? ›

Countries with the highest ATM fees in Europe
Countries% in ATM Fees
Iceland4.60%
Turkey3.59%
Albania1.31%
Austria1.23%
11 more rows

Which bank does not charge international ATM? ›

HSBC doesn't charge foreign transaction fees or foreign ATM fees, plus it has international ATMs. USAA international ATM fees don't exist, either (though a 1% foreign transaction fee still applies). Chase international ATM fees vary depending on what type of checking account you have.

How do I avoid international ATM fees? ›

How to Avoid ATM Fees When Traveling Abroad
  1. Use an ATM in Your Bank's International Network. ...
  2. Use Your Debit Card to Get Cash Back at a Store. ...
  3. Don't Use the ATM's Conversion Offer. ...
  4. Use a Bank That Doesn't Charge International ATM Fees. ...
  5. Use a Bank That Refunds ATM Fees. ...
  6. Use a Credit Card Without a Foreign Transaction Fee.
Nov 3, 2022

Where are the cheapest ATM fees? ›

Best Banks for Avoiding ATM Fees of 2024
  • Axos Bank: Best online bank for avoiding domestic ATM fees.
  • Connexus Credit Union: Best credit union for avoiding domestic ATM fees.
  • Chase Bank: Best national bank for avoiding domestic ATM fees.
  • Charles Schwab: Best institution for avoiding international ATM fees.
May 29, 2024

Where can I use my U.S. Bank ATM card without fees? ›

You can transact at ATMs in participating 7-Eleven stores without ATM Transaction or surcharge fees. At participating Moneypass Network ATMs, you'll avoid surcharge fees when you use your U.S. Bank card. However, transactions may be subject to U.S. Bank ATM Transaction fees.

Which debit card has no foreign transaction fee? ›

Discover® Bank

Discover doesn't charge foreign ATM network or foreign transaction fees. But Discover card acceptance can be limited outside of the U.S., Canada, Mexico and some Caribbean nations. With an HSBC Premier Checking account, customers pay no foreign transaction fees. HSBC also has a worldwide network of ATMs.

How to get cash in Europe without fees? ›

Use your own bank's foreign ATM if terms offer free withdrawals. Global banks tend to offer their customers fee-free ATM withdrawals abroad if their customers use the same bank's ATM. E.g. like Citibank, HSBC, Deutsche Bank, etc.

What is the best currency to take to Austria? ›

Being offered to pay in your own currency at an ATM is a sneaky trick and causes many travellers to pay more than they need to. Always choose to pay in the local currency - in this case, euro - to cut your costs and get the best rates available.

Is it worth getting euros before going to Europe? ›

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Should I use cash or card in Austria? ›

Using cash in Austria

When travelling, our experts would recommend always bringing a small amount of cash with you on every trip, for initial taxi transfers or hotel deposits etc. The rest of your travel money should be put onto a Caxton multi-currency card, for safe and secure spending.

Where should I get euros before my trip? ›

Before your trip, it's best to do a currency exchange at your bank or credit union, which likely offers better rates and fewer and/or lower fees. Your bank or credit union may buy back leftover foreign currency in exchange for dollars when you return.

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