Planning a trip to Palma de Mallorca and wondering how much cash you’ll need ? You’re not alone. While most places in Palma accept cards, having some euros on hand makes your trip much easier, especially for taxis, markets, or small cafes. This guide explains how much cash to bring, how to get the best exchange rates , and where to find reliable currency exchange offices like Multi-Expert . Whether you’re coming from the UK, the US, or anywhere else, you’ll learn how to manage your money safely, conveniently, and affordably during your visit.
The short answer: yes, but not too much.
Palma is a modern tourist city where most places accept credit and debit cards, even beach bars and restaurants. However, some local shops, taxis, and traditional markets still prefer cash payments.
Having some euros in cash is especially useful when:
You pay for small purchases (less than €10)
Shopping at local markets or street stalls
You take taxis or local buses
Visits to rural areas outside the city
In short, the ideal solution is a mix of card and cash . The card is useful for hotels and restaurants, while cash gives you flexibility for smaller expenses.
The amount of cash you need in Palma depends on your travel style. Here’s a general idea for a 3- to 5-day stay:
Budget travelers: between €100 and €150 in cash
Standard travelers: between €200 and €300 in cash
Luxury travelers: €400 or more
You don’t need to bring all your money from home. You can exchange some when you arrive and exchange more later if needed. This way you stay safe and take advantage of better local exchange rates .
Avoid exchanging your pounds for euros or dollars for euros at the airport: the rates are terrible. Airport exchange offices often charge hidden fees or apply very low exchange rates that can make you lose up to 10% of the value.
Instead, go to a trusted currency exchange in Palma like Multi-Expert , where you’ll find:
Fair and transparent exchange rates
No hidden fees
Fast and secure service
Real-time type updates
Located in the heart of Palma, Multi-Expert is the preferred spot for tourists and residents alike to get the best value when exchanging currency . Whether it’s a small amount or a large exchange, you’ll always get a fair deal.
You can withdraw euros directly from ATMs, but be careful. Many ATMs in tourist areas charge high fees or offer unfavorable exchange rates. Follow these tips:
Avoid ATMs with the “Dynamic Currency Conversion (DCC)” option — always select to pay in euros.
Use ATMs from recognized banks, not private ones located in shops or tourist areas.
Inform your bank before traveling to avoid any blocks.
If you’re staying longer, combine ATM withdrawals with branch exchanges to get the best balance between convenience and rate.
Don’t carry too much money on you – keep what you need for the day and leave the rest in a safe place.
Use small bills – Local businesses prefer €5, €10 and €20 bills.
Check the change receipt – Always check the amount and type before leaving.
Exchange your leftover euros before returning – At Multi-Expert you can exchange them back to your currency at the best rate.
When it comes to currency exchange in Palma , Multi-Expert stands out for its trustworthiness, transparency, and unbeatable rates . Whether you need to exchange pounds for euros , dollars for euros , or another currency, you’ll always get the real market rate here, commission-free .
Their friendly and professional staff speaks several languages and will help you make the best exchange according to your needs. If you want to save money and avoid scams , Multi-Expert is your best option in Palma.
Palma is one of Spain’s most charming destinations, and managing your money wisely will make your trip even better. Carry some cash in euros for small expenses, use your card for larger payments, and exchange your money at safe and reputable exchange bureaus like Multi-Expert .
With a little planning, you’ll enjoy Palma worry-free — just sun, good food and unforgettable memories.
