Ruth Haines
Milan is one of the most visited cities in Italy, known for its fashion, design, and innovation. If you're travelling there, you'll need to know that the currency of Italy is the Euro, which has been in use since 2002. So, if you're landing at Milan Malpensa Airport, you might be wondering if you can exchange your dollars for euros. The answer is yes – there are several currency exchange services available at the airport, including Forexchange, which is located in Terminal 1, and various ATMs and banks where you can exchange your money.
| Characteristics | Values |
|---|---|
| Currency used in Milan | Euro |
| Currency exchange service providers at Milan Malpensa Airport | Forexchange, BANCA POPOLARE DI SONDRIO, Euronet, Maccorp, Poste Italiane |
| Location of Forexchange | Terminal 1, City Side B2, Ground floor, International Arrivals B area, next to door No. 9 |
| Location of BANCA POPOLARE DI SONDRIO | Second Floor, Check-In island 17 |
| Location of Euronet | Ground floor, Arrivals Exit 4-7-8-9, Baggage Reclaim A, Baggage Reclaim B, Baggage Reclaim Passport Control, Car Rentals Atrium |
| Location of Maccorp | Ground floor, Arrivals exit 3-6-9, Baggage claim B, First floor, Boarding B, Satellite B, Second floor check-in, entrance 15 |
| Location of Poste Italiane | Ground floor, Arrivals |
| Forexchange opening hours | 5:00 am to 8:00 pm, 7 days a week |
| BANCA POPOLARE DI SONDRIO opening hours | Monday to Friday: 8:20 a.m. to 1:20 p.m. and 2:35 p.m. to 3:35 p.m., Saturday: 9:05 a.m. to 12:00 p.m. |
| Euronet opening hours | Not mentioned |
| Maccorp opening hours | Monday to Friday: 8:00 a.m. to 7:00 p.m. |
| Poste Italiane opening hours | Monday to Friday: 8:20 a.m. |
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What You'll Learn
Currency exchange services at Milan Malpensa Airport
Milan Malpensa Airport offers currency exchange services at several locations within the airport. Here is some information about these services to help you exchange your dollars for euros smoothly and efficiently.
Forexchange
Forexchange is a currency exchange provider with a presence at Milan Malpensa Airport. They have two branches within the airport:
- Terminal 1, City Side B2, Ground Floor, International Arrivals B area, next to door No. 9.
- Terminal 1, Second Floor Embarkations, to the right of the access stairs. Please note that this branch is only accessible to ticketed passengers.
Forexchange offers competitive exchange rates and secure transactions. You can even book your currency exchange online in advance to ensure the availability of the desired currency and amount. Their operating hours are from 5:00 am to 8:00 pm, seven days a week.
Banca Popolare di Sondrio
Banca Popolare di Sondrio is a bank located within the airport that provides currency exchange services. You can find it at the Second Floor - Check-In Island 17. Their opening hours are Monday through Friday from 8:20 a.m. to 1:20 p.m. and 2:35 p.m. to 3:35 p.m., and Saturday from 9:05 a.m. to 12:00 p.m.
ATMs
If you prefer to withdraw euros directly from an ATM, there are several ATM machines from different providers available at the airport, including Euronet and Maccorp. These can be found at various locations within the airport, such as the ground floor arrivals area and the baggage claim level.
Tips
When exchanging currency at the airport, please be aware of the exchange rates and any associated fees or commissions. In some cases, using an ATM may offer more favourable rates and lower fees. It is generally recommended to have some local currency (euros) in cash when visiting Milan, as it can be useful for small expenses and unexpected situations. However, the city's commercial establishments widely accept international credit cards.
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ATM machines: the best way to get foreign currency?
If you're travelling abroad, you may be wondering whether ATM machines are the best way to get foreign currency. While there are various options for exchanging money, using an ATM abroad with a debit card is considered the cheapest way to get local currency.
ATMs offer some of the best currency exchange rates, and your card is likely linked to millions of ATMs globally through an interbank network. However, it's important to be aware of potential fees. Banks often charge a flat fee for using a foreign ATM, plus a percentage of the value of the withdrawn cash. These fees can add up, especially if you make multiple withdrawals.
To minimise fees, it's recommended to use an ATM that belongs to a local bank rather than a generic cash machine. This way, you're more likely to get the bank's exchange rate, which is tied to the interbank currency rate. Using an ATM for a local bank will also ensure you get local currency, as 95% of ATMs dispense cash in the local currency.
Additionally, avoid dynamic currency conversion, where the ATM offers to convert the transaction into your home currency. This option often includes significant hidden fees. Instead, always choose to be charged in the local currency, as this will give you a better exchange rate.
When travelling, it's a good idea to do your research beforehand. Find out about the various fees charged by different ATMs and banks in your destination country. Using a debit card from a digital bank that doesn't charge foreign transaction fees, such as N26 in Europe or Starling Bank in the UK, can also help you avoid unnecessary costs.
In summary, while ATM machines can be a great way to get foreign currency, it's important to be mindful of potential fees and take steps to minimise them. With a bit of planning and the right debit card, you can make the most of the competitive exchange rates offered by ATMs and access your money conveniently while abroad.
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Forexchange office locations and opening times
Forexchange provides currency exchange services at Milan Malpensa Airport, Terminal 1, City Side B2. The office is located on the ground floor, in the International Arrivals B area, next to door number 9. The Forexchange office is open Monday to Friday, from 8 am to 7 pm.
In addition to the airport location, there are several Forexchange branches in Milan. One is located in Milan Central Station, inside the station near the station side entrance Piazza IV Novembre, in front of the escalators. This branch is open daily from 7:45 am to 9 pm. Another Forexchange office is located inside the F.S. Centrale railway station, on the mezzanine floor, between "A Bar" and the "Tally Weijl" store. It is open daily from 8 am to 8:45 pm.
A third Forexchange branch can be found near the railway station, in front of the cab stand, between the restaurant "Giglio" and Piazza Luigi di Savoia 2. This location is open daily from 8:15 am to 7:45 pm.
Forexchange also has a branch at Piazza dei Mercanti #3, located at the corner of Via Mercanti and Piazza del Duomo, next to the "Duomo" bar. The opening hours are 10 am to 7 pm, 7 days a week.
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Banks at Milan Malpensa Airport
Milan Malpensa Airport has a range of banking and currency exchange services. Banking facilities can be found on Terminal 1's first floor in Boarding Area A and in FS Station Square. Both areas have ATMs. On the Ground Floor of Malpensa Airport, there are ATMs in the International Arrivals B area, Exit 8, and on the second floor in check-in areas 11 and 17.
Branches of Banca Popolare di Sondrio are open from Mondays to Fridays from 8:20/8:30 am to 1:20/1:30 pm and from 2:35/3:35 pm to 3:35/4:35 pm. On Saturdays, banking counters are open from 9:05 am to 12:00/12:45 pm. An ATM is available at all times on this floor. Deutsche Bank's ATM is also on the second floor, in check-in area 4. Euronet ATMs can be found on the Ground Floor in Arrivals, at exits 3, 4, 5, 8 and 9.
A Poste Italiane branch is open on the ground floor from Monday to Friday from 8:20 am to 1:45 pm and on Saturdays from 8:20 am to 12:45 pm. The bank also offers an ATM on the same floor in the Arrivals area.
Forexchange provides currency exchange services at Milan Malpensa Airport, Terminal 1, City Side B2. They offer competitive exchange rates and secure transactions. For added convenience, you can book your currency exchange online in advance to ensure the availability of the currency and amount you require.
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Booking currency exchange in advance
Currency exchange services are available at Milan Malpensa Airport. Forexchange, located in Terminal 1, City Side B2, on the ground floor, in the International Arrivals B area, next to door number 9, provides currency exchange services with competitive exchange rates and secure transactions. They also offer the option to book your currency exchange online in advance to ensure the availability of the currency and amount you require.
Additionally, there are several other options for currency exchange within the airport, including banks and ATMs. BANCA POPOLARE DI SONDRIO, located on the second floor of Terminal 1, is open Monday through Saturday and offers currency exchange services. EURONET and MACCORP also have ATMs located in various areas of the airport, including the ground floor arrivals, baggage claim, and boarding areas.
By booking your currency exchange in advance, you can ensure that you have the required amount of currency available upon your arrival. This can save you time and provide convenience, especially if you are arriving without an ATM card, as one traveller to Milan Malpensa Airport previously experienced.
When booking your currency exchange in advance, be sure to compare the exchange rates and fees offered by different providers to ensure you are getting a competitive rate. Additionally, consider the location of the currency exchange within the airport and choose a provider that is easily accessible, especially if you have specific arrival and departure terminals.
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Frequently asked questions
Yes, you can exchange currency at Milan Malpensa Airport.
Forexchange provides currency exchange services at Terminal 1, City Side B2, on the ground floor, in the International Arrivals B area, next to door number 9.
Yes, you can also exchange currency at the BANCA POPOLARE DI SONDRIO on the second floor, or use the Euronet or Maccorp ATMs located in the airport.
The Forexchange office at Milan Malpensa Airport is open 7 days a week, from 5:00 am to 8:00 pm.
It is generally recommended to book your currency exchange before departure so that you arrive in Italy with some euros in cash already on hand. However, ATMs are also a common way to obtain local currency upon arrival.
