Malta Currency & ATM Guide: Money Tips for Travelers

# Malta Currency & ATM Guide: Money Tips for Travelers

Planning your Malta holiday requires understanding the local currency and banking system. This comprehensive guide covers everything you need to know about money, ATMs, and payments throughout Malta, Gozo, and Comino.

Malta's Currency: The Euro

Malta uses the euro (€) as its official currency. The euro is divided into 100 cents. When you travel to Malta, you'll see prices displayed with the € symbol. Most restaurants in Malta like Noni, Rubino, and Nenu the Artisan Baker display prices in euros, and all transactions in Valletta shops and attractions use this currency.

Euro banknotes in Malta come in denominations of €5, €10, €20, €50, €100, €200, and €500. Coins are €1, €2, and then 1¢, 2¢, 5¢, 10¢, 20¢, and 50¢. When visiting Malta restaurants or bars like Cafe Cordina in Valletta or 67 Kapitali, you'll notice many transactions use both notes and coins.

ATM Locations Throughout Malta

Finding an ATM in Malta is straightforward, as they're widely available across the islands.

ATMs in Valletta

Valletta has numerous ATMs located in the city center, particularly around Republic Street and near major hotels like The Phoenicia and The George Hotel. Most banks have ATMs available 24/7, including those near the Valletta waterfront and bus station.

ATMs in Central Malta

In Sliema and St Julian's, ATMs are abundant along the seafront and shopping districts. Northern Malta towns like Mellieha have ATMs near Mellieha Bay and the town center. Golden Bay also has ATM access nearby.

ATMs in Gozo

Gozo has ATMs in Victoria (the main town) and at Kempinski San Lawrenz. The larger villages maintain ATM access for visitors exploring Gozo's attractions and staying at Xara Palace or other Gozo accommodations.

ATMs in Comino

Comino has limited banking services, so withdraw cash before arriving on this small island. Plan ahead when visiting Comino for day trips.

Exchange Rates and Banking

As Malta uses the euro, there's no exchange rate consideration if you're traveling from another eurozone country. However, if you're coming from outside the eurozone, check current exchange rates before your Malta trip.

Malta banks include Bank of Valletta, BMIT, and Lombard Bank. Many international banks have agreements with Maltese banks, so you may access funds without fees. Always check with your home bank about Malta travel notifications and fees for international withdrawals.

Using ATMs in Malta Safely

When using ATMs in Malta:

• Location matters: Use ATMs located in banks or well-lit public areas like Valletta shopping districts or near major hotels like Corinthia Hotel
• Check your bank fees: International ATM withdrawals may incur charges
• Withdraw enough cash: While Malta accepts cards everywhere, having euros is convenient for small purchases
• Avoid isolated ATMs: Use machines in busy areas, especially at night
• Protect your PIN: Cover the keypad when entering your code, even in safe Malta locations

Credit and Debit Cards in Malta

Credit and debit cards are accepted almost everywhere in Malta. Hotels like Hotel Juliani, Rosselli, and Radisson Blu Golden Sands accept all major cards. Restaurants including Ta Frenc in Gozo, Bahia, and StrEat Whisky Bar in Valletta take card payments.

Where Cards Are Accepted

• All major hotels and resorts in Malta
• Most restaurants and cafes in Valletta and across Malta
• Shopping centers and retail stores
• Tourist attractions throughout Malta, Gozo, and Comino
• Pharmacies and supermarkets

Where Cash Is Preferred

• Small family-run restaurants in Malta villages
• Market stalls at Is-Suq tal-Belt in Valletta
• Some bars like Yard 32 and Lolita Bar prefer cash
• Bus fares in Malta cost €1.50 and cash is often required
• Beach vendors and small shops

Payment Methods for Malta Transportation

Malta's public transport system requires payment when boarding buses. The standard fare is €1.50 anywhere in Malta. You can pay the driver in cash with euros. Some buses accept contactless payments, but cash remains the most reliable option. When traveling between Malta and Gozo via ferry, cash payments are standard.

Tips for Managing Money in Malta

Budget Considerations

Daily expenses in Malta vary by lifestyle. A budget traveler might spend €40-60 daily, while mid-range visitors spend €80-150. Valletta restaurants range from €8 for quick meals to €30+ for fine dining at establishments like Noni or Rubino.

Currency Exchange

• Avoid airport exchange counters with poor rates
• Use ATMs for the best exchange rates
• Airport currency exchange in Malta is expensive compared to bank ATMs
• Don't exchange large amounts before arriving in Malta

Tipping in Malta

Tipping isn't mandatory in Malta, but 5-10% is appreciated at restaurants. Many establishments in Valletta and across Malta add a service charge automatically. Check your bill before tipping. Bars like Bridge Bar or Trabuxu appreciate small tips but don't require them.

Accommodation Payments

When booking Malta hotels like Solana Hotel or Xara Palace in Gozo, most require credit card details. Payment can often be made via card or bank transfer. Always confirm payment methods when reserving.

Banking Hours in Malta

Banks in Malta typically open Monday-Friday 8:30am-3:30pm and Saturday 8:30am-12:30pm. Sunday banking is limited. ATMs operate 24/7, making them ideal for weekend Malta travel.

Practical Money Tips for Your Malta Visit

• Arrive with some euros for immediate expenses
• Locate an ATM near your accommodation in Valletta or Gozo immediately upon arrival
• Keep small euro denominations for buses, small shops, and tips
• Use cards at larger establishments and hotels
• Notify your bank before traveling to Malta to prevent card blocks
• Keep emergency cash separate from your wallet
• Use ATMs during daylight hours when possible

Conclusion

Managing money in Malta is straightforward with excellent ATM coverage across the islands. Whether you're exploring Valletta's historic streets, relaxing at Mellieha Bay, enjoying Ta Rikardu in Gozo, or visiting Comino, you'll find convenient access to cash and card facilities. Plan ahead, use ATMs wisely, and enjoy your Malta adventure without financial stress.

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