Money
- Cash vs. Credit Card: While credit cards are widely accepted in Vienna, it's always a good idea to carry some euros in cash for smaller purchases or emergencies. At restaurants make sure to know if they accept Credit Cards or not before ordering your meal.
- Using your Credit Card: When paying by credit card, the machine may ask if you would like to pay in local currency. The answer is Yes. The next question will be whether you Accept or Reject the conversion rate. Always select “Reject”. This will prevent you from being charged any hidden fees. You will also be asked these questions at most ATMs.
- ATMs are called Bankomat: ATMs in Vienna are called Bankomat. They are widely available throughout Vienna, especially near tourist areas and banks, marked with a green and blue stripe somewhere at the buiding or on the machine.
- Look for Major Banks: Opt for ATMs affiliated with major Austrian banks like Erste Bank, Raiffeisen Bank, UniCredit Bank and Bawag. These might offer better exchange rates and lower fees compared to independent ATM providers.
- Avoid Euronet ATMs: While convenient, Euronet ATMs are known for higher fees and potentially less favorable exchange rates. Try to avoid them if possible.
- Check Fees Before Withdrawing: Always check the ATM screen for any withdrawal fees before you confirm the transaction it is advised to Reject the conversion rate. Your home bank may also charge additional foreign transaction fees.
- Inform Your Bank: Let your bank know you'll be traveling to avoid any issues with using your card abroad, which is important!
- Carry Some Euros: It's always a good idea to carry some euros in cash before you arrive. This will help you cover any immediate expenses in case you have trouble finding an ATM or your card doesn't work.