"Money" ATMs and Money Tip by isolina_it
ATMs and Money, Amsterdam: 11 reviews and 8 photos
Favorite thing: The currency used in the Netherlands is the Euro expressed as EUR or ?. (To remember the list of countries use the phrase "Baffling pigs").
Euros are divided into 100 cents. There are coins of 1, 2, 5, 10, 20 and 50 cents, and 1 and 2 euros. There are notes of 5, 10, 20, 50, 100, 200 and 500 euros
The Dutch Guilder is no longer usable. You have to exchange old coins and notes in a bank.
There are many places to change money in town. Post offices usually give the best rates. The GWK at Central station is also good. Compare rates carefully at the exchange offices in town. Hotels are usually an expensive way to change money. Banks can be slow. There's an American Express on the Damrak, and a Thomas Cook on the Dam.
Credit cards are not as widely accepted in the Netherlands as in many other lands, but it's getting steadily better. Always enquire first if you intend to pay by credit card.
If you have an ATM card (a card for getting money out of a machine in the wall) it will most likely work in the Netherlands (indeed throughout Europe), so you don't need to take traveller's cheques. Check with your bank before leaving though. Such cards, certainly if they have a Maestro logo on them, can often also be used for direct debit payments in shops (shops that display the blue "PIN" sign, which is almost all shops).
Like in all big cities the world round, there are cheats looking for an easy target. A typical trick in less reputable establishments is, if you pay with a note, to give you change as if you tendered a note of one denomination smaller (for instance to give you change for 50 euros if you give them a 100 euro note) and then pretend it was a mistake if you notice. The best way to avoid this happening is to speak the value of the note as you hand it over ("100 euros"), so they can't claim not to have noticed.
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