Visitors of Milan, this is the best Yelp business listing I have created to gift you…read more
When you're in Naples, you can find a cash exchange business anywhere, and they offer really good rates. But not in Milano. The exchange rate on my recent trip was $1 = €0.88. And the exchange places near Duomo were quoting me €0.75-0.78. Screw that. The current POTUS is already screwing the country and (subsequently) the rates enough; I don't need the Italians to do that, too.
My own Bank of America ATM card that doesn't charge additional fees when withdrawn through BNP Paribas (and there's a location near the Vencchi behind Vittorio Emanuele II) was still only giving me €0.84. Not bad, and certainly better than exchanging money back home in the States through Chase (€0.80) or BoA (possibly better rates but have to order 3 business days in advance at, I believe, €1,000 minimum). But €500 per day max.
So let's look at Italian banks. Even the Bank of Siena doesn't exchange money. But this bank! This Banca Cesare Ponti (and my bad, it should be Banca but I accidentally created the listing as Banco) will exchange any sum for a flat fee of €10 - at €0.8475. Yahtzee.
So there you have it. The people are nice too - just avoid the lunch hour. Prego.
