Currency and Payment Tips in Montenegro

Although Montenegro's official currency is the Euro (EUR), the country does not have its own national currency. This makes Montenegro different from many other countries in the region, as it operates with an economy that accepts the Euro. When shopping in Montenegro, paying with Euro is widely accepted. However, it is important to note that card payment options are also common, and most stores, restaurants, and hotels accept major credit cards.

Currency exchange points are quite common in Montenegro, with exchange offices easily found at airports, hotels, and tourist areas. However, one of the most important things to keep in mind when exchanging currency is the fluctuation in exchange rates. Therefore, it is a good idea to check the current rates before exchanging money. Additionally, exchange offices may charge a service fee, so it is worth comparing different bureaus before making a transaction.

Banks also offer currency exchange services, but because of long queues and processing times, exchange offices are often preferred for faster transactions. ATMs are widely available in major cities in Montenegro, where you can withdraw Euros. The amount you can withdraw is generally subject to daily withdrawal limits set by the banks, so it's advisable to check these limits before withdrawing.

When making payments with a card, Visa and MasterCard are the most widely accepted card brands. You can use these cards at many restaurants and stores, but in smaller shops and rural areas, cash payments may be more common. Therefore, it’s a good idea to always have some cash on hand, just in case.

Installment payment options are not common in Montenegro, so if you plan to make large purchases, you may need to pay upfront. Additionally, some places have fixed prices that include tax, while others may allow prices to be negotiated. Bargaining can be a part of your shopping experience, especially in tourist areas.

Finally, tipping is a common practice in Montenegro. If you are satisfied with the service at a restaurant, hotel, or taxi, leaving a tip is expected. This is usually a small amount, typically ranging from 5% to 10% of the total bill, depending on the quality of service.