Money in Rome
For program costs, please visit the COSTS page.
How Much Money Do I Need To Take With Me?
Expenses vary greatly by individual, depending on personal habits, needs, tastes, variety of items acquired like clothing and souvenirs, and the addition of any travel planned at the beginning and/or end of the Rome Program. Use the following estimates of costs not covered by the program as a guideline:
- Airfare ($1200 - $1800)
- All of your lunches ($5 - $10 each) $320-$640
- Beverages (varies)
- Passport ($135 - $165)
- Any excursions taken while away from the group
It is recommended to bring small denominations of Euros with you for use immediately upon arrival. After that you'll have easy access to ATMs.
Currency and Banking
Credit cards with check-cashing privileges and debit cards are the best way to obtain money when needed. You are allowed to withdraw the equivalent of up to $250.00 per day. You might consider pre-arranging for parents or relatives to deposit money in your ATM checking account in the US as you need it so you can easily access the money while abroad.
It is not recommended that you bring large amounts of cash. It will be unnecessary to have a large amount of money when you arrive in Rome if you have a debit or credit card. If you want to bring the entire amount of money you will need for the duration of the program, bring it in the form of traveler's checks. Be sure to keep a list of your traveler's check numbers in a secure place separate from the checks in case they are lost or stolen.
We recommend that you take a small amount of US cash with you when you travel to Italy and exchange it in the airport or train station as soon as you arrive. After you arrive in Rome, we suggest you cash traveler's checks as needed weekly at the local bank or use your debit card to obtain cash from automated tellers.
Credit cards (American Express, Visa, and Mastercard) are honored in most places throughout Europe. They are not a substitute for cash, but using them gives you the advantage of the best exchange rate when you are billed by the credit card company. It is highly recommended that you bring a credit card in your name, signed on the back to be used in case of emergencies.
Exchange rates at banks are generally better than exchange rates at a cambio. Also, a cambio in a train or airport will usually have a lower rate than one in a more business-oriented district. Frequently hotels will exchange money or traveler's checks, but the rate is much less favorable than at a bank.
When cashing traveler's checks it is required to have your passport. The exchange procedure can take up to half an hour, so it is a good idea to cash enough traveler's checks to last you for about a week at a time.