What’s with that "Euro?"
You have probably heard about the Euro, Europe’s new common currency unit. The Euro was introduced in January 2002 in twelve European countries. You can pay with the Euro in the following countries: Austria, Belgium, the Netherlands, Luxembourg, Germany, Italy, Greece, Spain, France, Portugal, Ireland, and Finland.

Exchanging Money
In Europe it is still a little less customary to pay by credit card than it is in the United States. Therefore, always make sure to have enough cash at hand. You can exchange money at most of the banks, however you should look around for the best rates at the time. We definitely advise you NOT to have cash dollars sent by mail, Federal express, or any other form of fast or slow mail. Checks sent to you may take at least four weeks to process. Traveler's Checks are widely accepted but because of the convenience of ATM machines, they are becoming less common. An ATM card is really the best way to get cash.

ATM/Debit Cards
ATM/Debit cards can easily be used in ATM machines throughout Europe. Check with your bank about using you card here (you will need an international PIN number). Often you get the best exchange rate this way.

Credit/Charge Cards
VISA and MASTERCARD are the most common credit cards and they are accepted in about 60% of shops and restaurants. American Express cards are the best when you need cash in advance because it offers the possibility to cash personal checks drawn from your bank account in the States, at any American Express office in Germany and Europe. In addition, American Express allows you to purchase Traveler's Checks from your American bank for a minimal fee. The only disadvantage of this card is that it is not as widely accepted in stores. VISA and MasterCard are the best options in Europe.

Note: When you make a transaction via your Bank Card, at a bank other than your own (e.g. Deutsche Bank), you will not receive a balance statement, and you will be charged a service fee of about 2 Euro. Generally, you can withdraw money without a service charge and receive your balance if your bank has a branch in Europe, which most U.S. Banks, however, do not have.

Tip: Citibank has branches in Europe as well as in the States. It is NOT necessary to open an account here to access your money.