Getting Money

Getting Money in Florence

Banks in Italy will only exchange cash for clients who have an account with them. Commercial exchange booths and centers, on the other hand, are happy to exchange your currency for euros, but will charge very high (hidden) fees to do so.

Therefore, the best way to get local currency in Italy and throughout Europe is at a Bancomat (ATM) machine with your personal credit or debit card.

Credit cards such as Visa or MasterCard provide an international PIN (personal identification number). Prior to coming to Italy, contact your credit card provider to make sure your card can be used in foreign countries and that you have a 4-digit PIN. If your card is actually a checking account debit card linked to an international Visa or MasterCard network, you will get the best exchange rate and will not be charged interest. (You will be debited a service charge for each transaction, the amount of this charge is determined by your US bank).

Convert Euro to dollars. Please be aware that exchange rates fluctuate daily

Emergency Money

In emergency situations students can borrow up to €300 from the school. You must sign a promissory note stating that you agree to pay the loan back before you leave the program. Emergency money can be picked up Mon-Thurs. 8:30 a.m. – 1 p.m.

You also have the option of getting money wired to Italy in about 1-2 business days through Western Union. Find Western Union locations.


Pick-pocketing is much more prevalent in Italy than in the United States and causes much unwanted stress. It is very important to pay close attention to your valuable belongings and documents.

If you are a victim of pick-pocketing in Italy, you will need to file a denuncia (police report) at the Polizia di Stato on via zara, 2. The report is translated into English. In the event you need to cancel your credit card and are low on cash, follow the emergency procedures above.

Procedures for lost items:


Contact the nearest consulate or embassy. You need to bring your denuncia (police report) with you. Copies of your passport were made during orientation, make sure you always have a copy.


International Student ID Card

If your card was lost or stolen, the travel insurance attached to your card is still valid for the initial validity period of the card (We recommend that you keep a copy of the front and back of your card, and/or the card number and validity date in a safe place).

If you need the card for identification, discount or payment purposes, you will need to purchase a replacement. ISIC cards are non-refundable and non-transferable, so you’ll have to pay the full cost of a new one.