Currency, Banks and Exchange Money

Currency
Malta's Currency is the euro. One euro is divided into 100 euro cents. Notes in circulation come in €5, €10, €20, €50, €100, €200 and €500 denominations and there are €0.01, €0.02, €0.05, €0.10, €0.20, €0.50, €1 and €2 coins.

Banks and Exchange Money
There are four banks in Gozo - Bank of Valletta, HSBC, Lombard and APS.

Banks in Gozo open from Monday to Saturday between 8.30 and 13.30. Around the island there are several bank branches and ATM's from which one can withdraw Maltese currency at any time. One can find an ATM, in Victoria, Xlendi, Marsalforn, Nadur and Mgarr.

It is fairly easy to find parking near all bank locations, and you will never be more than a 10 minute away from the nearest bank.

It is possible to exchange foreign currency notes in banks, exchange bureaux and also 24-hour exchange machines. (There is one in Xlendi and another one in Marsalforn.) All major financial institutions will also cash travellers' cheques, though you will need to present your passport. Generally Banks offer the best rates for all currency transaction.

The major credit cards - Visa, Master Card, American Express are widely accepted to pay for accommodation, car rental, meals, and other purchases.