What you need to know about money in Faro

What Currency Does Faro Use Now

Using ATM machine
A person is captured in the process of withdrawing money from an automatic teller machine (ATM).

Well my friend, if you're preparing to soak up the sun in Faro, the southernmost city of Portugal, do remember to carry along euros. Yes, indeed! Portugal is a part of the Eurozone and the euro is the currency you'll need to carry when indulging in Faro's delights.

Credit and Debit Cards in Faro

Worry not about the plastic magic in your wallet, Faro embraces your credit and debit cards with open arms! Visa and MasterCard are widely accepted across this warm city, and even American Express has a fair share of acceptance. Still, it's always a good idea to carry a bit of trusty paper money, just in case you fancy a stroll through some of Faro’s quaint local markets or traditional taverns.

Using Cash in Faro

Person using ATM
A close-up view of an individual withdrawing money from an automated teller machine (ATM), emphasizing the convenience of banking technology.

Faro has a charming old-world feel to it, with a mix of modern amenities. While cards reign supreme in swanky boutiques and upmarket eateries, cash, my friends, is your steadfast companion in local joints and markets. Small businesses and vendors usually prefer euros, as do local transport services. So, let's not forget the crisp touch of paper money while you wander through the narrow cobbled streets of Faro.

ATMs in Faro

The 'magic money machines', as I fondly like to call ATMs, can be spotted with ease around Faro. These are typically available 24/7, giving you access to your funds at the drop of a hat. However, remember every spell comes with a price; so does withdrawing cash at ATMs. Depending on your home bank's policies, you might face some foreign transaction or conversion fees. Friendly advice - get to know these fees beforehand to avoid a holiday surprise!

Bank Hours

In Faro, where the sun shines brilliantly, banks usually open doors to the public from Monday to Friday, 8:30 am to 3 pm. Sounds like a relaxed workday, doesn't it? Well, they do take a siesta in between, mainly because heat and money-related calculations do not mix!

So that's everything about money matters in sunny Faro. Now, whether you are planning to chase the sun on golden beaches or sit back with a glass of local Algarve wine, you are well-equipped with the necessary financial knowledge. Go ahead, the city of Faro awaits to share its stories with you!