Travel money Germany 2021: How to pay & how much to bring

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Travel money guide: Germany

Packing your bags for a vacation to Germany? Get your travel money in order before you leave.

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From the coast of the Baltic Sea to the hills of Western German wine country, Germany is the largest country in central Europe with culture and old-world charm to match.

The euro has been the standard currency of Germany, and you’ll find you need both cash and credit cards for purchases. To get the most out of your German getaway, familiarize yourself with their currency customs and start comparing your travel money options.

Our picks for traveling to Germany

American Express® Gold Card logo

Our pick for travel credit card

American Express® Gold Card

★★★★★
Finder rating: 4.6/5
Transferwise Multi-currency logo

Our pick for multi-currency debit card

Transferwise Multi-currency

★★★★★
Finder rating: 4.5/5
SoFi Money logo

Our pick for 0% transaction fee debit card

SoFi Money

★★★★★
Finder rating: 4.6/5

Travel card, debit card or credit card?

Visa and Mastercard are widely accepted in Germany. You can also use American Express and Diners Club credit cards; however, they’re accepted in fewer locations.

Some businesses may not accept cards for purchases below a certain amount and some supermarkets won’t take credit cards at all. While it’s important to find a card that’ll let you make over the counter purchases without too many fees, a card which lets you use ATMs without the ridiculous charges is more relevant for a trip to Germany.

If you can find a card that has no foreign transaction, international ATM or annual fee, then you’ll save lots on your German vacation. Even if you can get by using just one card for all your transactions, never put all your eggs in one basket.

A combination of debit, credit and travel prepaid cards will ensure that you can make transactions in euros all while giving you access to an emergency line of credit and travel perks. A little homework before you leave can mean the difference between smooth sailing and rough seas.

These are your options for spending money in Germany

Using a credit card

Credit cards are accepted in large German retailers and mid to upmarket restaurants, for example. While Germans are typically considered innovative, they’re hanging on to cash. In places that do take cards, you’ll find that the EuroCard is the preferred plastic.

Find yourself a credit card that waives foreign transaction fees. Carrying a credit card gives you the added benefit of travel insurance and discounts, depending on your provider. For added savings, take advantage of the interest-free period by paying your balance in full each month.

Visa and Mastercard is widely accepted across Croatia, as is Diners Club and American Express at fewer stores and hotels.

Cards that offer travel perks and waive fees often charge an annual fee, so make sure the fee is worth it before you bring it along on your travels. If you’re ever in a jam, credit cards also offer cash advances, though we don’t recommend it. You’ll pay high fees and interest rates apply the moment you get your money.

  • Tip: Avoid using your credit card to withdraw cash. Cash advance charges will eat up your available credit quickly.
Pros
  • Access to a line of credit
  • Accepted at most retailers
  • May come with benefits like travel insurance
  • Interest-free days when you pay your account in full
  • Emergency card replacement
Cons
  • Cash advances are expensive

Using a debit card

A debit card is a good travel money choice to take to Germany. You’ll have access to cash each time you come across an ATM, without carrying lots of cash on you all at once. Because you’re spending your own money, you avoid interest charges. Find a bank that waives the fee for international ATM withdrawals and doesn’t charge a monthly account keeping fee.

  • Tip: Bank of America and Barclays cardholders can avoid the international ATM withdrawal fee as well as the local ATM fee by using Deutsche Bank ATMs in Germany.
Pros
  • No currency conversion or international ATM fees
  • Convenience
Cons
  • If your card is stolen, or you become a victim of fraud, the thief could gain access to your entire bank balance.

Using a prepaid travel card

Travel cards can lock in conversion rates once you load USD. Use it for purchases without worrying about rates each time you spend — debit and credit cards often charge 3% for each transaction. All prepaid travel cards carry euros, and many let you carry more than one currency at once.

Where you save in the conversion rates you may pay in fees. You’ll pay fees each time you load the card, ATM withdrawals and sometimes even an inactivity fee.

  • Tip: Most travel cards send you two cards so you have a backup if your card is stolen or lost.
Pros
  • Comes with a back-up card
  • Load USD and spend in a variety of currencies
  • Easier to manage expenses
  • All travel cards support euro
Cons
  • Some cards take time to load money
  • Lots of fees

Paying with cash in Germany

More than 80% of payments in Germany are made using cash, meaning you’ll often need cash to pay for your transactions on your trip. The best way to get euros is to make an ATM withdrawal when you arrive in Germany using a card that doesn’t charge an international ATM fee.

Banks and exchange offices can change cash in Germany. Some exchange offices (Wechselstuben) offer good rates, but always compare the rate against the market rate before you agree to a deal. Sometimes it might be better to withdraw money from an ATM.

Pros
  • Greater payment flexibility
  • Convenience
Cons
  • More difficult to manage expenses
  • Higher risk of theft

Using traveler’s checks

Move over traveler’s checks, you’re slowly being replaced by ATMs, which make it cheap and easy to get currency. Security is the main advantage of using traveler’s checks. Each check has a unique serial number and can only be cashed with photo identification. Fees are the main disadvantage. Banks charge you to get check and to cash them. You’re better off using a debit or travel card which lets you make cheap or free ATM withdrawals to get Vietnam dong.

  • Tip: Traveler’s checks are good for locking in a good exchange rate. So if you watch the forex market, get them while the getting’s good.
Pros
  • Acceptance
  • Security
Cons
  • Fees for purchase and cashing
  • Not all merchants accept traveler’s checks

Compare travel credit cards

Name Product Welcome offer Rewards Annual fee Filter values
American Express® Gold Card
60,000 points after spending $4,000 in the first 6 months
4x at restaurants including delivery and Uber Eats; 4x at US supermarkets on up to $25,000 annually (then 1x points) and 3x points on directly-booked flights
$250
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 with this upper-mid tier travel card. Terms apply, see rates & fees
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards. Plus up to $50 statement credit towards groceries.
5x points on Lyft, 2x points on up to $1,000 on groceries until April 30, 2021, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $750 plus up to $50 statement credit towards groceries with this popular travel card.
The Platinum Card® from American Express
75,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe
10x points at US gas stations and US supermarkets on up to $15,000 combined in the first 6 months, 5x points on directly-booked flights on up to $500,000 annually, then 1x points after that and on other purchases
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500, multiple travel credits and unrivaled lounge access. Terms apply, see rates & fees
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Germany currency

The euro comes in the denominations of €5, €10, €20, €50, €100, €200 and €500.

5 Euro banknote10 Euro banknote20 Euro banknote
50 Euro banknote100 Euro banknote

The main banks in Germany are:

  • Deutsche Bank
  • DZ Bank Group
  • KfW Bankgruppe
  • Commerzbank
  • HypoVereinsbank (UniCredit Bank AG)
  • Landesbank Baden-Wurttemberg
  • Bayerische Landesbank (BayernLB)
  • Norddeutsche Landesbank (Nord/LB)
  • Landesbank Hessen-Thuringen (Helaba)
  • NRW.Bank

Buying currency in the US

As euros are a major international currency, you won’t have any issues finding a place to get your money changed in the US. Your options include banks and foreign exchange providers such as Travelex. Banks tend to charge a small fee that you’ll find is often more competitive than the foreign exchange provider.

Choosing one service over the other is going to save you a couple of dollars, but it may come down to convenience. Travelex lets you order cash online and pick it up at major airports. Here are a few other options.

Exchange rate history

The global financial crisis and European debt crisis resulted in instability among global currencies. For the past couple of years, $1 gets you between 0.7 and 0.8 euros. Travel cards and traveler’s checks let you lock in a rate if you think it’s going to be more expensive to buy euros in the future.

Live Rate

= 0.8297

Refreshing in: 60s | Thu, Mar 04, 03:58AM GMT

ATMs in Germany

ATMs from German banks are free. If you put a US credit, debit or travel card into a German ATM, the screen will either automatically come up in English or prompt you to pick your language.

Find ATMs in Germany

Cash pickup services in Germany

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Within an hour USD 3.99 72.619 INR 72,329 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$10 Within an hour USD 1.99 71.524 INR 71,382 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 Within an hour USD 8.00 71.342 INR 70,771 MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Show details
$1 3 - 5 days USD 20.00 71.159 INR 69,736 Western Union sends money online to friends and family in 200+ countries around the world. Show details

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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How much should I budget to travel in Germany?

Germany is not considered a cheap travel destination — plan for at least $50 a day for budget travel, and between $120 to $300 for average to luxury travel. Compare some of the daily expenses you can expect below:

BudgetMid-rangeExpensive
AccommodationHostel
$10–$25 per night
2-star hotel
$25–$65 per night
5-star hotel
$140–$250 per night
MealsCurrywurst $2.50
(plus chips) $4
Midrange restaurant
$15–$30 per dish
4-course meal at a 5-star restaurant
$200 per person
ActivitiesWalking tour of Berlin
Free (Tip the guide)
Live music at The B-flat Jazz Club on Rosenthaler Straße
Free
Private WWII and Cold War walking tour of Berlin
$46 per person
Private Berlin Wall tour
$99 per person (up to 3 hours)
1 hour private flight over Berlin
$441 (up to 3 people)
Tour of Jewish heritage in Berlin
$275 (up to 3 people)

*Prices are approximate and based on summer seasonality and are subject to change.

Case study: Caroline's experience

Caroline profile photo
Caroline

Oktoberfest in Munich

Caroline went to Germany on her trip to Europe. She visited Berlin and then traveled south to Munich for Oktoberfest. She visited a number of other countries including France, Belgium, Netherlands and the Czech Republic.

What are your travel money tips?

If you’re at a bar, in a taxi or at a restaurant, a tip between 5% and 10% is the norm — it isn’t expected but it is polite if the service was excellent. It’s also good practice to round up to the nearest euro if the bill is under 10 euros .

She also says to remember not to leave the tip on the table. It’s considered rude in Germany and other parts of Europe. Give the tip to the person directly.

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