How much money to take to Italy

How much money should I take to Italy?

The Euro is one of the strongest currencies in the world! It was created in 1998 and adopted by 19 European countries. Today, the currency stands as one of the most valuable in the world, firmly establishing its position in the international market. It is essential to note that while there is a set limit for carrying money into Europe, there is also a minimum threshold that must be met. Confused? I’ll make it clear to you! We’re happy to present you with our special post: How much money should I take to Italy? In this post, we will clear your mind about this. Here at Your Travel to Italy with Ana Patricia, you make the trip of your dreams!!! ALSO: see our “Accommodation in Italy – Tips for your holidays!”

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1) How much money should I take to Italy? READ ABOUT SCHENGEN’S AGREEMENT

Is there a minimum amount? Yes! There is a minimum amount, which is a requirement of the countries that are part of the so-called Schengen Area. But, after all, what is the Schengen Area? The Schengen Agreement is the union of 30 countries that have adopted a policy of opening borders and free movement of people between the signatory countries.

Countries that are in the Agreement

This agreement includes all the countries of the European Union and three countries that are not part of the EU: Iceland, Norway, and Switzerland. In time, Liechtenstein, Bulgaria, Romania, and Cyprus will be in the process of implementing the agreement. Be sure to read our special post, “What documents do I need to enter Italy?”

The agreement says that the traveler needs to have monetary resources to stay in the country during the stay; that is, there is a minimum amount of money required per day of travel. Below, we can see the table defined by the Itamaraty in the agreement with the Ministry of Foreign Affairs.

Travel duration	1 person	2 or more people
From 1 to 5 days: total fixed quota	EUR 269,60	EUR 212,81
From 6 to 10 days: daily quota per person	EUR 44,93	EUR 26,33
From 11 to 20 days Fixed quota Daily quota per person	EUR 51,64 EUR 36,67	EUR 25,82 EUR 22,21
Above 20 days Fixed quota Daily quota per person	EUR 206,58 EUR 27,89	EUR 118,79 EUR 17,04

2)How much money should I take to Italy? SEE THE VALUE VERIFICATION

While tourists may not always undergo stringent verification procedures, it is advisable to err on the side of caution. It is crucial to be aware that if customs officials approach you and request specific information, you must be prepared to “prove” your ability to sustain yourself during your stay. This entails having readily available documents such as international credit cards, cash, hotel reservations, and invitation letters. Customs authorities are known to be very specific in their requests, so it is imperative to keep these documents easily accessible at all times to avoid any complications.

3) How much money should I take to Italy? VALUE OVER THE LIMIT

What if I take more money than the specified amount? You have to declare it to the customs authorities.

IMPORTANT: From June 2021, the European Union will authorize the entry and exit of citizens and tourists in any UE country up to USD 10K, with the need to declare the amount to the authorities. For more information, click here.

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4) How much money should I take to Italy? AVOID A PUNISHMENT

What if I don’t declare? What can happen? It depends on the case. There may be apprehension of exceeding money, punishment according to the law in force in the country of destination, and, in the “worse” scenario, even banishment. So ALWAYS TRAVEL WITH EVERYTHING to AVOID any PROBLEM!

5) How much money should I take to Italy? SEE THE WAYS TO TAKE MONEY

How do I take money to Italy? Take part in cash and part in credit cards, traveler’s checks, or prepaid cards. For daily spending, use cash and BECOME FRIENDS with the coins! Italians LOVE coins, and the changes in Italy are always VERY PRECISE! That is, if you pay something like EUR 1.99, you can be sure that you will receive a penny back! Use coins to pay for public transport tickets, and remember that exchange offices DO NOT EXCHANGE COINS! And coins are also helpful to pay for parking, gelato (!!!), and much more, so always carry coins!

AIRPORTS IN ITALY

How to get from the main airports to the downtown areas of the most important cities? Your Travel to Italy brings quick and easy guides to help you get around safely and economically throughout Italy.

How to get from Milan airport to downtown? How to get from Rome airport to downtown? Find out the best routes!

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Tips:

Use your credit card as little as possible! The foreign transaction fee (or international transaction fee) costs 3% of the value of what you’re paying, and you pay it for EACH TIME YOU USE your credit card. In the end, it is very expensive to use a credit card, so avoid it! Reserve it only for more expensive things such as hotel payments, plane tickets (if necessary), or unforeseen circumstances! NOTE: check the rates with your bank and ask them for the fees; some of them can offer you a different card so you can pay fewer fees when you’re abroad.
So, let’s be honest: Italy is not a cheap country! So I suggest you calculate EUR 100.00 per day. Better left than missed!
See the post: How much will I spend on a trip to Italy?
Also, check with your bank to see if they have an international branch in the city where you are going or near it! Usually, international banks have branches in Rome and Milan, so, if possible, you can exchange dollars for euros there, for example! Before your trip, ask your bank about the fees and exchange rates they will charge you to avoid any unpleasant surprises! And make sure that your credit cards will work outside of your home country!

Watch this video and learn: What is the average cost of a day in Italy?

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Conclusion

How much money should I take to Italy? Do all the calculations, get organized, and have a nice trip! Make a detailed plan. In our blog, you will find more than 700 posts that will make all the difference in this phase.

And if you need help organizing your trip, don’t hesitate to contact me! I would love to assist you in making your dream trip to Italy come true.

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