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Money

Residents of countries that don’t use the Euro as their national currency need to exchange their money for the Euro. Exchanging currency has by now become very quick and easy to do.  Almost every branch of every bank offers a bureau of change service and they don't ask for any ID if you want to change money.  Other services include Western Union and the many Bureau of Change offices in the city centre and around the main tourist attractions.  Make sure you know what commission they charge. Although the exchange rate small exchange offices are usually correct, these smaller change bureaus can sting you with an inappropriate handling charge.

Banks have the best rates, but it takes longer, usually 3-4 working days, and you need to have an account with them. Otherwise you can go to any of the Western Union or Money-Gram places and they do the transfer in 10 minutes. If you want to receive money, ask the sender to do it by Western Union as they have lots of offices all over the world, and it usually takes just about 10 minutes!!!

Banks in Valencia, as with the rest of Spain, are usually only open Monday to Friday from 8.30am until 2pm or 2.30pm. Nearly all the banks have a 24hr cash point. If you have traveller cheques with you, it’s nice to know that they can be cashed at any bank, with official ID such as a passport. The local bank, Banco de Valencia, has 46 branches in and around Valencia. To open a bank account is very easy, all you need is a NIE number and passport ID. 

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