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Monetary Matters

Austria is a member of the Economic and Currency Union - the common currency is the Euro. Also: find out about ATM, use of credit cards and traveling with large amounts of money.

Euro Banknote © Knipseline/www.pixelio.de

Our currency: The Euro
As a member of the European Union, Austria is also part of the Economic and Monetary Union – which introduced the EURO as the common currency.

The following Euro-banknotes and coins are in circulation since January 2002:
Banknotes with facevalues of 5, 10, 20, 50, 100, 200 and 500 Euro 
Coins of 1 and 2 Euro denominations as well as 1, 2, 5, 10, 20 and 50 cents

Banking Hours (General)
Monday, Tuesday, Wednesday, Friday: 8am to 12:30pm & 1:30pm to 3pm
Thursday:  8am to 12:30pm & 1:30pm to 5:30pm

ATM's
ATM's are widely used in Austria and are called "Bankomat". You will find outdoor venues at most branches of Austrian banks. Please check with your local bank if your bank card is equipped with the necessary codes. A four-digit PIN is also required to access an ATM.

Credit cards
Credit cards, although accepted in hotels, major restaurants and stores, are less used for purchases in small shops, cafes, or grocery stores. We recommend to check with the venue before.

Foreign Currencies
The respective exchange rate (purchase or sales rate) is valid for all other foreign currencies. National and foreign currencies can be imported and exported in unlimited amounts.

*Important Note*
Travellers entering or leaving any EU member state carrying any sum equal to or exceeding €10,000 (or its equivalent in other currencies or easily convertible assets such as cheques drawn on a third party) must make a declaration to the customs authorities. Customs authorities are empowered under this regulation (signed by the European Parliament and Council on 26 October 2005 and entered into force on 15 December 2005) to undertake controls on natural persons, their baggage and their means of transport and detain cash that has not been declared.

More information on traveling with more than E 10,000