Where to exchange money in Palma de Mallorca
Before you set out exploring in Palma de Mallorca, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Palma de Mallorca that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Palma de Mallorca
Before you set out exploring in Palma de Mallorca, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Palma de Mallorca that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Palma de Mallorca
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Palma de Mallorca.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| Multi Expert Currency Exchange & Money Transfer | Carrer de Francesc Manuel de los Herreros, 35, Llevant, 07005 Palma, Illes Balears, Spain | +34 871 90 25 90 |
| Ria Money Transfer & Currency Exchange | Calle de, Carrer Torcuato Luca Tena, 15, Llevant, 07005 Palma, Illes Balears, Spain | +34 971 27 73 99 |
| Quickgold Palma (Sindicat) - Compro Oro | Money Exchange | C. del Sindicat, 44, Centre, 07002 Palma, Illes Balears, Spain | +34 971 59 27 89 |
| Quickgold Palma (Antoni Marquès) | Carrer d'Antoni Marquès, 17, Nord, 07003 Palma, Illes Balears, Spain | +34 971 10 55 98 |
| Venta Finex | Currency Exchange & Money Transfer | Carrer de Francesc Fiol i Juan, 02, Nord, 07010 Palma, Illes Balears, Spain | +34 971 22 86 15 |
| Eurochange | Junto al Ayto de Palma, Plaça de Santa Eulàlia, 4B, Centre, 07001 Palma, Illes Balears, Spain | +34 615 40 38 77 |
| Europound | Av. de Gabriel Roca, 16, LOCAL, Poniente, 07014 Palma, Illes Balears, Spain | +34 697 21 00 41 |
| Global Exchange | Plaça del Marquès del Palmer, Centre, 07001 Palma, Illes Balears, Spain | +34 900 855 550 |
| Europound Palma de Mallorca II | compro oro, Avinguda de Gabriel Alomar, 9, Llevant, 07006 Palma, Illes Balears, Spain | +34 697 21 00 41 |
| LOCUTORIO MUNDO LATINO PALMA MONEY TRANSFER currency exchange | C. les Rafeletes, 1, LOCAL 4, Poniente, 07015 Palma, Illes Balears, Spain | +34 631 88 84 03 |
| Chocolat exchange bank. | Palma de Mallorca Airport, Diseminado, Concourse A, Levante, 07611 Palma, Illes Balears, Spain | |
| Ria Money Transfer Agent & Payout | Shaheen PK SL, Carrer del Capità Vila, 8, Llevant, 07007 Palma, Illes Balears, Spain | +34 871 17 75 76 |
| Ria Money Transfer Agent & Payout | Supermarket Geranio, Passatge de Joan XXIII, 6, Distrito Centro, 07002 Palma, Illes Balears, Spain | +34 871 23 40 27 |
| Ria Money Transfer Agent & Payout | Carrer Torcuato Luca Tena, 7, Llevant, 07005 Palma, Illes Balears, Spain | +34 871 17 81 94 |
| Ria Money Transfer Agent & Payout | Sheikh Multiservicios SL, Carrer d'Indalecio Prieto, 24, Llevant, 07008 Palma, Illes Balears, Spain | +34 971 25 20 12 |
| Ria Money Transfer Agent & Payout | Jagat Locutorio, Carrer de la Volta de la Mercè, 3, Centre, 07002 Palma, Illes Balears, Spain | +34 971 57 70 09 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Euro rate today
When you're in Palma de Mallorca, and also the rest of Spain, the official currency is the Euro.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Euro is EUR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Palma de Mallorca
When exchanging money in Palma de Mallorca or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Spain long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Euros for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Spain banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Palma de Mallorca. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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.