Since 1 January 2002, payment has been made in Austria with euros (= 100 euro-cents).
Austria is one of those member states of the European Union that took part in the European Currency Reform, and replaced its old currency (the Schilling) with the euro. There are banknotes with the values of 5, 10, 20, 50, 100, 200 and 500 euros, coins with the vales of 1 and 2 euros, and 1, 2, 5, 10, and 50 cents.
Austrian banks are open Monday to Friday between 8 a.m. and 3 p.m. On Thursday most banks are open until 5.30 p.m., but close between 12.30 p.m. and 1.30 p.m.
Around the clock you can withdraw cash at Bankomaten (Automated Teller Machines). The fees charged for withdrawing cash with your credit card are variable and sometimes quite high. Information about them is contained in your credit card contract.
Foreign currencies and travellers’ cheques are exchanged at all banks, bureaux de change and post offices. Commissions vary. It is worthwhile comparing prices!
You can check whether you may pay by credit card in the entry or counter area of businesses, restaurants and hotels. Symbols corresponding to Visa, MasterCard, American Express etc. give information about them. In such places it is mostly also possible to pay by Bankomat-Card.