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Money Matters

Currency

Spain officially uses the euro. You'll find euro bills in denominations of €5, €10, €20, €50, €100, €200, and €500. A euro is broken down into 100 cents, and there are coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.

Banks

Banks in Madird usually work from 8:30 a.m. untill 2:00 p.m., Monday through Friday. Some branches open on Thursday evening (e.g. Caja Madrid) or Saturday morning.

Currency Exchange

The best places for changing currency are at the airports and in banks.

Tipping

Tipping is not obligatory in Madrid. Restaurant bills, as a rule, already include service. However, you can always tip a water if you like the service. A small tip (no more than 5-7%) will be appriciated. It's a good rule to tip a hotel porter for his services, one euro can be quite enough. Use the rule: tip if the service is good and you want to say not only thank you.
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