The currency used in Corfu is the Euro. You can pay by card in most places, but it is a good idea to have some cash in Euros.
Corfu Local Currency
As with the rest of Greece, the currency in Corfu is the Euro (EUR). The Euro is available in note denominations of €500, €100, €50, €20, €10, and €5. Euro coin denominations are €2, €1, 50 cents, 20 cents, 10 cents, 5 cents, 2 cents, and 1 cents.
Visitors to Corfu should know that notes above 50 Euro are hard to change and spend, so they are best avoided if you decide to exchange foreign currency before traveling to Greece.
Paying by card in Corfu
Most businesses in Corfu, Greece now accept contactless payments by credit or debit cards. The most widely accepted are Visa and Mastercard. American Express can be a problem to use in Corfu.
Using credit and debit cards when paying for goods and services in Corfu can be a convenient way of organizing your travel finances when spending money.
Every taverna should nowadays have the facility (by law!) to pay by card. So you can even pay for lovely meals like the one shown below with your bank cards.
Just make sure your bank or credit card company has good exchange rates, and of course, always pay off the credit card bill as soon as possible!
Related: Ionian Islands Greece
ATMs in Corfu
Similarly to the rest of Greece, ATMs can be found in all major towns and beach resorts. They are often to be found on high streets, outside popular buildings, and at public buildings such as the Corfu ferry port shown below in the photo.
Where to Exchange Money in Corfu
- ATMs: You’ll find ATMs scattered across Corfu, offering the ease of withdrawing Euros using your debit or credit card. It’s a flexible option, but keep in mind that your bank might charge foreign transaction fees. Always notify your bank about your travel plans to prevent unexpected issues. Helpful Tip: Never accept the ATM exchange rate, always choose your own bank rate option.
- Currency Exchange Offices: Currency exchange offices are common in tourist areas, making it convenient to exchange money if you’ve brought cash like GBP or USD from your own country. However, it’s essential to compare rates and be cautious of potential fees, as these establishments can sometimes offer slightly less favorable rates..
- Banks: Major banks like the National Bank of Greece and Alpha Bank have branches across Corfu, particularly in Corfu Town, which is the island’s capital and a bustling hub for travelers. The problem with using currency exchange services at a bank, is that the bank queues are normally very long, so it eats into your vacation time!
Managing Your Finances
Before jetting off to Corfu, consider a few financial tips:
- Notify Your Bank: Inform your bank or credit card company about your travel dates to avoid any unexpected card blocks due to unusual international activity.
- Choose Local Currency: When using your card for payments or cash withdrawals, select to be charged in Euros rather than your home currency to get a better exchange rate. Opting for your home currency can lead to less favorable rates and extra charges.
- Carry a Backup Card and Cash: It’s wise to carry a spare credit or debit card and a small amount of cash as a safety net in case of lost or stolen cards or situations where card payments are not accepted.
- Credit Cards: Major credit cards like Visa and Mastercard are widely accepted. American Express is also recognized, albeit less frequently. Debit cards linked to your bank account are highly functional as well.
Frequently Asked Questions
Readers who want to know more about Corfu and Greek currency before they travel often ask questions such as:
Can I use my credit/debit card everywhere in Corfu?
Yes, most businesses in Corfu accept credit and debit cards. However, it is always a good idea to carry a few Euros for smaller establishments or local markets that may not accept card payments.
What if my credit card is lost or stolen while I’m in Corfu?
If your card is lost or stolen, immediately notify your bank. It’s wise to carry cash and a spare card as a safety net for such situations.
Are ATMs easily accessible in Corfu?
Yes, you’ll find ATMs scattered across Corfu. Keep in mind that your bank might charge foreign transaction fees or have other hidden fees. It is advisable to notify your bank about your travel plans to a foreign country so they don’t freeze your card.
Can I exchange currency at banks in Corfu?
Yes, major banks like the National Bank of Greece and Alpha Bank have branches across Corfu where foreign currency can be exchanged. However, bank queues can be long.
Should I pay in Euros or my home currency while using my card in Corfu?
Always select to be charged in Euros when using your card for payments or cash withdrawals in Corfu. Opting for your home currency can lead to less favorable rates and extra charges.
How much cash do I need for tipping in Corfu?
Tipping in Corfu is not mandatory, but it is customary to leave a small amount of change (Euro coins) or round up the bill for good service at restaurants, cafes, and bars. It’s also appreciated to tip hotel staff and tour guides if you feel they have provided exceptional service.
What is the official currency of Greece?
The official currency of Greece is the Euro (EUR).