Do You Need Cash in Prague?
If you are planning a trip to Prague, the capital city of the Czech Republic, you might be wondering whether you need to carry cash or if card payments are widely accepted. Here’s everything you need to know about using cash in Prague.
Card Payments and Acceptance
Prague is a modern city with a well-developed infrastructure, including a widespread acceptance of card payments. Most restaurants, hotels, shops, and tourist attractions in the city accept major credit and debit cards such as Visa and Mastercard. However, it’s always advisable to carry some cash as a backup, especially when visiting smaller establishments or local markets where card acceptance may be limited.
ATMs
Accessing cash is easy in Prague as ATMs (Automated Teller Machines) are widely available throughout the city.
You can withdraw Czech korunas (CZK) from ATMs using your international debit or credit card. It’s important to note that some ATMs may charge a transaction fee or have lower withdrawal limits, so it’s recommended to check with your bank regarding any applicable fees beforehand.
Exchange Rates
When withdrawing cash from ATMs in Prague, you’ll typically get a competitive exchange rate. However, it’s important to be aware of any additional fees your bank might charge for foreign currency transactions. It’s advisable to compare rates offered by different banks and use ATMs located in reputable places such as banks or shopping centers for more secure transactions.
Tipping Culture
Tipping is customary in Prague, and it’s generally appreciated to leave a gratuity for good service. When paying by card, you usually have the option to add a tip directly on the payment terminal. However, when using cash, it’s common practice to round up the bill or leave around 10% of the total as a tip.
Cash for Local Markets
If you plan to visit local markets, street food stalls, or smaller establishments outside popular tourist areas, carrying cash is advisable. While some vendors may accept cards, many prefer cash payments. Additionally, having small denominations of CZK can be helpful when bargaining or making small purchases.
Final Thoughts
While card payments are widely accepted in Prague, it’s always wise to carry some cash for backup and convenience. ATMs are easily accessible throughout the city, ensuring you can withdraw Czech korunas whenever needed. Remember to compare exchange rates and check for any applicable fees before making ATM withdrawals. With proper planning and a combination of cash and card payments, you’ll be well-prepared to enjoy your time exploring Prague hassle-free!