Here you can find everything you need to know about money and paying on the island of Corfu, including the accepted currencies and payment methods, where to get money, and advice on tipping, bargaining and saving money.

Currency

Greece is part of the EU and eurozone, so the official currency on the island of Corfu is the euro and this is the only accepted currency. Exceptions might occur where other currencies, like US dollars might be accepted, but it’s rather advisable to ensure you have euros to pay with. The euro comes in coins of 1, 2, 5, 10, 20, and 50 cents, and 1 and 2 euros, and banknotes of 10, 20, 50, 100, 200, and 500 euros.

Banks & ATMs

ATMs for cash withdrawals are available right upon arrival in the arrivals hall of Corfu Airport and in both the domestic and international terminals of Corfu Port if you arrive by ferry. Many ATMs can also be found around the island and in Corfu Town, where you can also find several physical bank branches. It’s good to know that all ATMs in Greece charge a fee for withdrawing money, so it’s best to take out larger amounts at once. Most banks charge around €2.50 to €3.50 per transaction, but this varies per bank and ATM. Currency exchanges can also be found in Corfu Town, at the airport and ferry port, and in some larger hotels around the island.

Accepted Payment Methods

Card payment by credit or debit card is widely accepted in most hotels, restaurants and shops around Corfu. However, smaller independent businesses sometimes prefer or only accept cash, so it is advisable to always carry some cash with you. A mix of using cash and card gives you a bit more security and convenience at the same time.

Tipping

Greece doesn’t traditionally have much of a tipping culture like some other countries, and in most places tipping is not mandatory, but in some situations it’s more or less expected. It’s good to understand that many people in the tourist business have to work very hard and make long days during the busy summer months, but wages are relatively low and many of those jobs are also only seasonal. So it’s good to be aware that many people in service jobs rely on getting tips.

So what is customary in regards to tipping? Tipping in a restaurant is never mandatory and you won’t be asked for it, but in some cases a service charge is automatically included on the bill. If not, it is customary to round up the bill, or leave a couple of coins as a thank you to the waiter. Anything from 50 cents to a few euros is common, while the actual percentage is less important. Of course you can decide if and how much you want to tip based on how happy you were with the service. In bars and clubs tipping is uncommon, unless you receive table service.

Tipping in hotels is not mandatory and less common, however giving a euro or two for carrying your luggage, or leaving some coins for the cleaning staff is usually appreciated.

Taxi drivers usually don’t expect any tip, but rounding up the fair to the nearest euro is very common. If no meter is used, make sure to agree the amount upfront, and no additional tip is required.

Tour guides are not expecting a tip either, so you’re not obliged give anything. However, if you had a really good time you can always consider thanking them with a tip of around 5% to 10%.

Other occations where you could consider a tip are services like hairdressers or nail studios, but this is not mandatory. In all other cases, like in shops, tipping is never needed.

Bargaining

Bargaining for a lower prices is only acceptable in certain cases, like at markets or in some souvenir shops, and with taxi drivers. In all other cases, prices are fixed and you’re not supposed to try and haggle the price down.

Tips To Save Money

The best way to actually save money is by starting to plan your holiday early. By comparing prices for flights, hotels, and car rental online, and by booking them early you can save tons of money. Many hotels also have a flexible cancellation policy, which means you can lock in a great deal early, while still being able to change or cancel your plans up to a certain date.