France Money and Shopping: Money

Full France Travel Guide »    France Interactive Map »    Print This Article »

France is part of the Eurozone, so as in many other European Union countries the currency used is the euro (symbol: €). Some foreign currencies such as the US dollar and the British Pound are occasionally accepted, especially in touristic areas and in higher-end places, but one should not count on it; furthermore, the merchant may apply some unfavourable rate. In general, shops will refuse transactions in foreign currency.

It is compulsory, for the large majority of businesses, to post prices in windows. Hotels and restaurants must have their rates visible from outside (note, however, that many hotels propose lower prices than the posted ones if they feel they will have a hard time filling up their rooms; the posted price is only a maximum).

Almost all stores, restaurants and hotels take the CB French debit card, and its foreign affiliations, Visa and Mastercard. American Express tends to be accepted only in high-end shops. Check with your bank for applicable fees (typically, banks apply the wholesale inter-bank exchange rate, which is the best available, but may slap a proportional and/or a fixed fee).

French CB cards (and CB/Visa and CB/Mastercard cards) have a "smart chip" on them allowing PIN authentication of transactions. This system, initiated in France, has now evolved to an international standard and newer British cards are compatible. Some automatic retail machines (such as those vending tickets) may be compatible only with cards with the microchip. In addition, cashiers unaccustomed to foreign cards possibly do not know that foreign Visa or Mastercard cards have to be swiped and a signature obtained, while French customers systematically use PIN and don't sign the transactions.

There is (practically) no way to get a cash advance from a credit card without a PIN in France.

Automatic teller machines (ATM) are by far the best way to get money in France. They all take CB, Visa, Mastercard, Cirrus and Plus and are plentiful throughout France. They may accept other kinds of card; check for the logos on the ATM and on your card (on the back, generally) if at least one matches. It is possible that some machines do not handle 6-digit PIN codes (only 4-digit ones), or that they do not offer the choice between different accounts (defaulting on the checking account). Check with your bank about applicable fees, which may vary greatly (typically, banks apply the wholesale inter-bank exchange rate, which is the best available, but may slap a proportional and/or a fixed fee; because of the fixed fee it is generally better to withdraw money in big chunks rather than €20 at a time). Also, check about applicable maximal withdrawal limits.

Traveller's cheques are difficult to use — most merchants will not accept them, and exchanging them may involve finding a bank that accepts to exchange them and possibly paying a fee.

Note that the postal service doubles as a bank, so often post offices will have an ATM. As a result, even minor towns will have ATMs usable with foreign cards.

Exchange offices (bureaux de change) are now rarer with the advent of the Euro - they will in general only be found in towns with a significant foreign tourist presence, such as Paris. Some banks exchange money, often with high fees. The Bank of France no longer does foreign exchange.

Do's Put money into your checking account, carry an ATM card with a Cirrus or Plus logo on it and a 4-digit pin and withdraw cash from ATMs. Pay larger transactions (hotel, restaurants...) with Visa or Mastercard. Always carry some € cash for emergencies.

Don't's Carry foreign currency ($, £...) or traveller's cheques, and exchange them on the go, or expect them to be accepted by shops.