Greek Money: Currency, Payments & Budget Tips for Travelers
Understanding money in Greece is essential for a smooth trip — from knowing how to pay at local tavernas to finding the best way to withdraw cash. Greece uses the Euro (€) and offers a convenient mix of cash and card options for travelers. This Greek Money Guide will help you manage your finances confidently during your visit to this beautiful Mediterranean destination.
Currency in Greece
The official currency of Greece is the Euro (EUR). Coins come in denominations of 1, 2, 5, 10, 20, and 50 cents, while banknotes are available in €5, €10, €20, €50, €100, and €200. The Euro is accepted everywhere — from big cities like Athens and Thessaloniki to small island villages.
Greece joined the Eurozone in 2001, replacing the drachma. Prices are generally lower than in Western Europe, making Greece an affordable yet high-quality destination for travelers.
Using Cash in Greece
Cash is still widely used, especially in rural areas and on smaller islands. While major establishments accept cards, many local shops, traditional tavernas, and taxi drivers prefer cash. It’s always smart to carry some Euros with you for small purchases or emergencies.
When visiting islands like Paros, Naxos, or Kefalonia, you might find only a few ATMs located in main towns. Plan ahead and withdraw cash before heading to remote beaches or mountain villages.
Digital Banking & Revolut in Greece
Digital banking services such as Revolut, N26, and other app-based cards are widely accepted in Greece, particularly in cities and popular tourist destinations. Many travelers use these services to benefit from competitive exchange rates and low foreign transaction fees.
- Revolut and similar cards work reliably in hotels, restaurants, and shops.
- Contactless payments and mobile wallets (Apple Pay, Google Pay) are common in urban areas.
- ATM withdrawals may be free up to a monthly limit depending on your plan.
Tip: Load Euros into your digital banking app before arriving to avoid unfavorable exchange rates and unexpected fees.
Credit & Debit Card Payments
Most hotels, restaurants, and stores in Greece accept major cards like Visa and MasterCard. American Express is accepted less frequently, especially outside tourist hubs. Contactless payments are increasingly common, particularly in Athens and major islands.
On larger islands such as Mykonos, Santorini, and Corfu, card usage is widespread. However, on smaller or less touristy islands, card acceptance may be limited to hotels and a few restaurants. Always carry some cash when traveling outside main resort areas.
Tip: When paying by card, always choose to be charged in Euros rather than your home currency to avoid poor conversion rates.
ATMs and Money Exchange
ATMs are easy to find in cities, airports, and ferry ports. Some machines charge withdrawal fees (usually €2–€3), and your bank may apply additional foreign transaction fees.
- Use ATMs from trusted banks such as National Bank of Greece, Alpha Bank, or Piraeus Bank.
- Avoid standalone “Euronet” ATMs, which often have higher fees and poor exchange rates.
- Currency exchange offices are available in tourist areas, but ATMs usually offer better rates.
On popular islands during peak season, ATMs can occasionally run out of cash — withdrawing money in advance is recommended.
Tipping Etiquette in Greece
Tipping in Greece is appreciated but not mandatory. It is seen as a gesture of thanks rather than an obligation.
- Restaurants: 5–10% of the bill or rounding up is sufficient.
- Cafés & Bars: €1–€2 or rounding up the total.
- Taxis: Rounding up the fare is common.
- Hotels: Porters €1–€2 per bag; housekeeping €2–€3 per night.
- Guides: €10–€20 per person for private tours.
In nightlife areas or beach clubs, small tips are welcomed for good service, but service staff do not rely on tips as a primary income source.
Cost of Living & Daily Expenses in Greece
Greece generally offers good value for money compared to many Western European countries. However, costs vary significantly by location, season, and travel style.
Major cities like Athens and popular islands such as Santorini and Mykonos are more expensive, particularly in summer. Mainland towns and lesser-known islands are often much more affordable.
Average Daily Costs for Travelers
- Budget travelers: €40–€70 per day
- Mid-range travelers: €80–€150 per day
- Luxury travelers: €200+ per day
Travel Budget Tips
Greece suits a wide range of budgets. Booking accommodation early, traveling outside July–August, and using public transport can significantly reduce costs.
FAQs About Greek Money
Does Revolut work in Greece?
Yes. Revolut and other digital cards are widely accepted, especially in cities and tourist areas.
Is Greece expensive for travelers?
Greece can be very affordable, particularly outside peak season and on less touristy islands.
Do I need cash on Greek islands?
Yes. While cards are common on major islands, smaller islands and local businesses may require cash.
What is the tipping culture in Greece?
Tipping is optional and modest — rounding up or leaving 5–10% is considered polite.
Can I pay in US dollars or pounds?
No. Greece accepts only Euros (€).
