Travel Rights - Money

The euro is the legal tender for the 300 million people in Austria, Belgium, Finland, France, Germany, Greece, Italy, Ireland, Luxembourg, the Netherlands, Portugal and Spain. The symbol for the euro is €.

You may take with you all the money you need for your travel. Although restrictions on capital movements have been abolished within the European Union, certain Member States may, for administrative and statistical reasons, require you to declare how much money you are bringing into or taking out of their territory.

The Member States concerned have set thresholds above which transfers must be declared. In addition, the national authorities have the right to carry out checks if they suspect that transfers of funds are connected with criminal activities.

Thanks to new EU rules, the cost of using money abroad is coming down. Withdrawing euro from a cash machine or making card payments in euro (up to euro 12 500) now costs the same wherever you are in the EU, and from 1 July 2003 the same will apply to euro transfers (up to euro 12 500) between bank accounts.

More information about money on travels here.

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