Best places to exchange currency in Amsterdam (2024)

There are many faces to Amsterdam which will entice visitors of various tastes. There’s plenty to keep you entertained; from strolling the enchanting canals and admiring the creativity of the house boats, to sampling the local Dutch cuisine and hiring a bicycle, to venturing into the red-light district. Regardless of your reason for visiting, you’ll be needing some euros to get by. Here’s our guide to the best places to exchange money in Amsterdam.

Things to know before exchanging your money

Know the actual exchange rate

There’s a lot to organise and remember when you’re going on holiday, even if it's only a weekend break. But it pays to be well prepared. Don’t just explore the guidebook; remember to research how exchange rate works. The important rate to know is the mid-market exchange rate, which falls between the buy and sell rate of any currency. This rate is the real currency value and knowing it helps you to understand which currency exchange offers you the best deal. Our currency converter can be used as a benchmark to compare against other tourist rates on offer.

Remember - exchange rates always change

Many factors can affect exchange rates, such as political, economic and other external influences. Be sure to keep updated on both global and local news before and during your trip to Amsterdam, as this can affect the value of your currency. If you wish to be sent rate alerts according to your currency preferences, you can sign up for our rate tracker tool.

Research your home bank’s partnerships before you leave

If your bank has an international partner you should be able to withdraw money for a reduced fee, or even no fee, when using their ATMs. Check before leaving for your trip, whether your bank operates in partnership with any local banks in Amsterdam. Also be sure to notify them if you plan to use your card overseas, to avoid your card being blocked due to suspicious activity.

Always choose to be charged in the local currency

When withdrawing cash from an ATM, choose to be charged in the local currency. The other option, being charged in your home currency, means the ATM will convert your money at its own rate. This rate is usually lower and they’ll charge an extra fee for the service. To save on fees, choose instead to be charged in EUR, without any conversion by the ATM.

Avoid airport and hotel currency exchanges

Buying anything at the airport can be more expensive than buying it elsewhere. This is because airports, and to some degrees hotels, cater to a captive audience. So avoid exchanging currency at either. The fees are usually higher and rates poorer at both the currency exchange booths, even if no commission is quoted upfront.

Spend your money before leaving

Re-exchanging currency costs money too, so changing back to your home currency means you're charged twice. If you budget well then you should be able to calculate exactly how much you'll need for your stay. Spend leftover cash, especially coins, or set them aside for your next trip into the EUR zone.

Where to exchange money in Amsterdam

We’ve compiled a list of currency exchange bureaus you could consider for changing your cash. It’s important to remember that all the services mentioned will charge you fees, regardless of whether commission is advertised upfront. Extra fees are usually hidden in their offered exchange rate, so be aware of this.

Currency BureauAddressContact Information
Sunro Change BVDamrak 17 II, 1012 LH Amsterdam, Netherlands+31 20 626 5156
Pott ChangeDamrak 95, 1012 LP Amsterdam, Netherlands+31 20 626 3658
Lorentz CompanyDamrak 31, 1012 LJ Amsterdam, Netherlands+31 20 420 6002
GWK TravelexKalverstraat 150, 1012 XD Amsterdam, Netherlands+31 20 627 8087

The bottom line

Be sure to refine your understanding of exchange rates. Compare any offered tourist rates with the live mid-market rate to determine the fairest service for converting money. For a better exchange rate, withdraw EUR directly from an ATM. It’s important that you choose to be charged in the local currency, and avoid having the ATM decide the exchange rate for you. As you’ll be charged a transaction fee each time you use an ATM, make one or two larger withdrawals instead of multiple smaller ones.

Better yet, if either you or a friend have access to a EUR bank account in Amsterdam, use Wise and make the transfer ahead of time to send money to the Netherlands. Not only does Wise use the real mid-market exchange rate to convert your money (which almost always beat the banks), but since your currency is received and sent via local banking systems in both your home country and in Europe, all those nasty international bank fees magically disappear.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Best places to exchange currency in Amsterdam (2024)


Where is the best place to exchange currency in Amsterdam? ›

You can either visit your bank or head to a foreign currency exchange office, known as a "geldwisselkantoor" or "GWK" in Dutch. These exchange offices, like GWK Travelex, are found at Amsterdam Central Station, Amsterdam Schiphol Airport and various other locations for your convenience.

Should I exchange money before I travel to Amsterdam? ›

Avoid (or at least minimize) cash exchange.

Exchanging money is expensive: You'll lose about 5 to 10 percent when converting dollars to euros or another foreign currency. In a pinch, you can find exchange desks at major train stations or airports (convenient, but the hit can be as much as 15 percent).

Is it better to use cash or card in Amsterdam? ›

Be sure to carry cash

In daily life, the Dutch hardly use them. Instead, payments are often made with debit cards. Please make sure to bring cash and ask personnel in advance whether you can pay by credit card.

Can I get euros at Amsterdam airport? ›

Travelex GWK stores at Schiphol Airport

We have stores across the country, as well as at airports where you'll be able to exchange your foreign currency into euros with ease. Check out our store locator to find the most convenient GWK Travelex store for your trip.

Can you tip in US dollars in Amsterdam? ›

Tip in the local currency

Whenever you tip during your trip to Amsterdam it is important to use the local currency, that is - Euros. Otherwise you'll leave your service providers with cash they can't use without paying high fees on currency exchange.

What is the cheapest way to convert USD to EUR? ›

Exchange at your bank before your trip: Exchanging currency at your local bank is likely the most cost-effective way to convert currency.

Is it cheaper to get euros in the US or in Europe? ›

With time at your disposal, you'll be able to see exactly what the fee and rate is, and how many euros you'll get for your dollars. It's possible of course that you might get a better deal when you land in Europe. It may well be the case that fees are lower and exchange rates better.

Is it better to get euros from ATM or exchange? ›

Where to Get Good Rates: ATMs and Local Banks. The best place to exchange money is a local ATM or a bank. Many foreign banks are happy to exchange your dollars for local currency for a better rate than you find elsewhere, or you can go to an ATM to skip the line.

What is the cheapest way to get euros? ›

Best place to exchange currency: Your bank or credit union

Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.

Do you tip in Amsterdam? ›

This one is pretty simple to answer – the Dutch do not have a tipping culture as strongly-ingrained as much of the English-speaking world. In a bar, restaurant, or private boat tour in Amsterdam, provided the service was good, a tip of around 10% is appreciated but not automatically expected.

How do tourists pay in the Netherlands? ›

The Netherlands is a very modern country. You can pay with cash or a debit card, and often with your phone via NFC, Apple Pay, or Google Wallet.

What is the best way to pay in Amsterdam? ›

Debit cards are the top payment method across the entire retail sector in the Netherlands, despite the high number of iDEAL transactions online. Around 60% of all retail transactions in the country (averaged across online and offline) are paid with debit cards. The most common cards in the country are Maestro and Vpay.

Can I use US dollars in Amsterdam? ›

In Amsterdam, as well as in all the Netherlands and many other countries of European Community the accepted currency is Euro (EUR, €), no other currencies are commonly accepted, so you will have to change your dollars, sterling, yens, etc to Euros.

Can you walk into a bank and get Euros? ›

Can you get Euros from US banks? Yes, you can buy Euros from many US banks, and some will even deliver to your home address (usually for a fee).

Where is the best place to exchange dollars for Euros? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Where is the best place to exchange currency before going to Europe? ›

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

Where to get best currency exchange rates? ›

Banks, credit unions, online bureaus, and currency converters provide convenient and often inexpensive currency exchange services. Once on foreign soil, the best means to convert currency is to use a foreign automated teller machine (ATM) or identify whether your bank has ATMs or banking affiliates nearby.

Can I use my US debit card in Amsterdam? ›

Know your cards.

US debit cards with a Visa or MasterCard logo will work in any European ATM.

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