The Baltic States use the Euro (โฌ) as their official currency. While they are generally modern and card-friendly, cash still plays an important role in everyday transactions, especially in rural areas, smaller towns, and local markets. Having smaller denominations of euros is helpful, as some vendors, taxi drivers, and smaller cafes may not accept large bills or credit cards. Carrying cash is particularly important if you plan to shop at local markets or visit more remote locations. In urban areas and tourist hotspots, cash is less critical as most hotels, restaurants, and shops accept cards. However, itโs always a good idea to have some cash on hand for emergencies or small purchases.
ATMs, locally known as "bankomatai" in Lithuania, "bankomฤti" in Latvia, and "pangaautomaadid" in Estonia, are widely available in cities, towns, and even many smaller villages. Withdrawing cash from ATMs is one of the easiest and most cost-effective ways to access euros, as they typically offer better exchange rates than currency exchange offices. When using ATMs, be aware that your home bank may charge international withdrawal fees or foreign transaction fees. Itโs a good idea to check with your bank before your trip to understand any potential costs and see if they have partnerships with local banks to reduce fees. Additionally, choose the option to withdraw in euros, not your home currency, to avoid unfavorable exchange rates.
Credit and debit cards are widely accepted across the Baltic States, especially in urban areas. Visa and MasterCard are the most commonly accepted, while American Express may not be as widely used, particularly in smaller businesses. Contactless payments are increasingly popular and convenient for quick transactions. Some establishments, especially smaller shops or cafes, may impose a minimum spending requirement for card payments, so having some cash for smaller purchases is always a smart backup. Be prepared to show identification, such as a passport or national ID card, when making larger transactions with a credit or debit card, as some vendors require it.
While ATMs are generally the best option for obtaining euros, currency exchange offices are also available in cities and airports. However, their rates may not be as favorable, and they often charge additional fees. If you need to use an exchange office, compare rates and fees at different locations to ensure youโre getting the best deal. Avoid exchanging money at hotels, as their rates are usually less competitive.
Before traveling, notify your bank of your plans to prevent your card from being flagged for suspicious activity. Itโs also advisable to bring a backup credit or debit card in case your primary one is lost, stolen, or compromised. Keep your bankโs contact information handy and consider monitoring your account for unauthorized transactions while traveling.
Travelerโs checks are not commonly accepted in the Baltic States, and cashing them can be both inconvenient and expensive. Instead, rely on ATMs for cash and use credit or debit cards for larger transactions.
A card is the most convenient form of currency exchange and is accepted as a payment option in most urban areas.