If you’re planning a trip to Madrid, one of the things you might be wondering is whether or not cash is commonly used. The truth is, while credit and debit cards are widely accepted in most places, cash is still king in many situations.
ATMs
As with any city, Madrid has plenty of ATMs that dispense euros. These can be found in banks, on the street, in shopping centers, and just about everywhere else. It’s always a good idea to withdraw some cash when you arrive so that you have it on hand for small purchases or for places that don’t accept cards.
Restaurants and Bars
While many restaurants and bars do accept credit and debit cards, it’s not uncommon for smaller establishments to only take cash. If you’re planning on dining out or having a few drinks at a local bar, it’s a good idea to have some euros on hand just in case.
Tipping
In Spain, tipping is not expected in the same way it is in other countries like the United States. However, if you receive good service at a restaurant or bar, it’s common to leave a small tip (around 5-10% of the total bill). Tipping in cash is preferred as it goes directly to the server.
Public Transportation
If you’re planning on using public transportation during your stay in Madrid (which we highly recommend), cash will come in handy. While there are electronic payment options available like the Madrid MetroCard or contactless payment systems like Apple Pay and Google Wallet, having some coins and bills on hand for buses and vending machines is always a good idea.
Markets and Street Vendors
If you plan on visiting one of Madrid’s many markets or street vendors, cash is essential. These vendors often don’t accept cards, so having some euros on hand will allow you to purchase local goods and souvenirs to take home with you.
Final Thoughts
In conclusion, while credit and debit cards are widely accepted in Madrid, having some cash on hand is always a good idea. From small restaurants and bars to public transportation and markets, there are plenty of situations where cash is still the preferred payment method. So before you head out on your next adventure in Madrid, make sure to stop by an ATM and grab some euros!
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