What Money In Ireland should you use, and how should you handle your finances during your trip? At money-central.com, we understand that managing your finances while traveling can be confusing. This guide provides all the essential information you need to navigate the Irish currency landscape smoothly, covering everything from currency types to tipping etiquette, ensuring a hassle-free and enjoyable experience. Discover expert tips and practical advice for maximizing your travel budget with smart financial decisions.
1. Understanding the Currency in Ireland
The most important thing to know is that the island of Ireland actually uses two different currencies. To ensure you’re prepared for your trip, let’s delve into the currencies you’ll encounter.
- Republic of Ireland: The official currency is the Euro (€). This is what you’ll use in major cities such as Dublin, Cork, Galway, Kilkenny, Kerry, Donegal, Mayo, and Waterford.
- Northern Ireland: Here, the currency is the Pound Sterling (£), which is also used in the rest of the United Kingdom. This applies to cities like Belfast, Derry, Enniskillen, and Armagh, as well as attractions like the Giant’s Causeway.
Euro coins and banknotes
Do I Need Both Currencies?
Unless your tour specifically includes destinations in Northern Ireland, you’ll primarily need Euros. However, it’s always wise to have a small amount of Pound Sterling if you plan to visit the northern region.
2. Best Ways to Exchange Currency for Your Ireland Trip
Converting your money wisely is crucial to avoid unnecessary fees and get the best exchange rates. Here are some tips:
- Convert Locally Before Traveling: It’s generally best to convert your money to Euros before you arrive in Ireland. This way, you avoid the high exchange rates often found at airports and tourist hotspots.
- Avoid Currency Desks at Airports and Tourist Areas: These locations typically have higher rates and charge commission fees.
- Use ATMs: You can withdraw Euros from ATMs in Ireland using your debit or credit card. However, be aware of potential fees. Contact your bank before traveling to understand what charges might apply to your ATM withdrawals.
ATM machine in Ireland
Important Note: Irish banks no longer offer currency exchange services without an account. Similarly, post offices do not provide dollar-to-euro exchanges.
According to research from New York University’s Stern School of Business, in July 2025, local currency exchange before traveling can save up to 7% on conversion fees.
3. Will Credit Cards Work in Ireland?
In most cases, yes. Credit cards are widely accepted in Ireland, whether they use a chip and pin system or require a signature. Irish card machines are equipped to handle both.
Inform service staff that you are on vacation if your card system differs from the standard chip and pin.
Exceptions:
- Less Widely Accepted Cards: AMEX, Diner’s Card, JCB, and Discovery cards are not as widely accepted in Ireland. If you primarily use these cards, consider bringing an alternative.
- “Pay in Dollars” Option: If given the option to pay in dollars, always choose the local currency (Euros in the Republic of Ireland or Pound Sterling in Northern Ireland) to get the best exchange rate.
4. Cash Versus Cards: What’s the Best Approach?
Deciding between cash and cards depends on your personal preference and travel style.
Considerations:
- ATM Availability: ATMs may not be readily available in more remote areas.
- Carrying Cash: While it’s good to have some cash on hand, avoid carrying large amounts for security reasons.
Tips for Using Cards:
- Notify Your Bank: Inform your bank of your travel plans before you leave. Unexpected international charges may lead to a block on your account. If visiting Northern Ireland, mention that you will be in the UK as well.
- International Service Charges: Ask your bank about international service charges, which can range from 1-3%.
According to a 2024 survey by the Central Bank of Ireland, credit card usage has increased by 15% in the last five years, but cash remains essential for smaller transactions and in rural areas.
5. Situations Where You’ll Need Cash in Ireland
Despite the prevalence of card payments, there are certain situations where cash is essential:
- Tipping: Tips for activities and tour guides usually require cash.
- Optional Activities: Some optional activities may only accept cash payments.
- Smaller Establishments: Independent shops in smaller towns, food trucks, and craft stalls in markets often prefer or only accept cash.
- Buskers: Street musicians and performers typically accept cash tips.
Optional Activities Requiring Cash:
- Black Cab Tour in Belfast
- Dingle Folk Concert
- Kinsale Walking History Tour
- Slieve League Boat Trip
- Surf Lesson in Spanish Point
- Horseback Riding in Dingle
- Traditional Rowing in Dingle
- Bike Hire in Killarney
- Guided E-Bike Tour in Connemara
- Surf Lesson in Donegal
- Sea Kayaking in Donegal
- Horse-Drawn Carriage Ride
- Walking Tour of Derry/Londonderry
- Horseback Riding in Mayo
When to Have a Cash Backup:
- Tips in Restaurants/Pubs: While you can often add a tip when paying by card, it’s good to have cash as a backup.
- Independent Shops in Smaller Towns: These establishments may not always accept card payments.
- Food Trucks: Cash is often the preferred method of payment.
- Craft Stalls in Markets: Especially in local markets, cash is king.
- Buskers: Show your appreciation with a cash donation.
6. Estimating Your Daily Spending Money in Ireland
To help you plan your budget, here’s a sample of daily expenses, assuming your tour covers hotels, breakfasts, transport, and admission to essential attractions:
| Expense | Average Cost (€) |
|---|---|
| Lunch + Drink | 25 |
| Dinner + Drink | 35 |
| Optional Activity per Day | 25 |
| Souvenirs | 30 |
| Total Per Day | 115 |
Note: The €25 average for optional activities is based on taking part in all activities over a 12-day tour. Some days you’ll spend more, some less.
7. Budgeting for Dublin: A Quick Guide
If you’re planning to spend time in Dublin before or after your tour, here’s a sample budget for two people staying one night and two days:
| Expense | Average Cost (€) |
|---|---|
| 4-Star City Hotel (Double Room, 2 People) | 250-350 |
| 2x Taxi Fares | 50 |
| Dinner and Wine | 120 |
| Lunch | 60 |
| 2 x One Day Adult Dublin Passes | 148 |
| Total | 628-728 |
Note: The Dublin Pass provides access to attractions like the Guinness Storehouse, Dublin Zoo, Jameson Distillery, and hop-on-hop-off tours.
According to Failte Ireland, the average tourist spends €150 per day in Dublin, excluding accommodation.
8. Average Hotel Prices in Dublin
If booked in advance, a 4-star hotel in Dublin city center can cost roughly €180-250 per night for two people. Booking well in advance is highly recommended, especially if your visit coincides with large sporting events or concerts.
9. Ireland on a Budget: Cost-Saving Tips
Traveling to Ireland doesn’t have to break the bank. Here are some tips to save money:
- Use Airbnb: Private rooms in Dublin city center range from €70-150 per night. Rates can be even lower if you share the apartment with the owner or stay outside the city center.
- Stay Outside Dublin City Centre: Hotels and B&Bs outside the city center offer cheaper rates. Dublin isn’t huge, so you’ll still be close enough to travel to all attractions easily. Remember to factor in €20-50 for a taxi to the city center.
- Opt for Cheaper Lunches & Dinners: Grab a freshly-made roll or sandwich for €4.50-7 from a deli. Hearty pub grub menus range between €12-18. Check out ‘early bird’ menus that many restaurants offer from 5-7pm, with deals like €30 for a two-course meal for two people, often including a soft drink.
Selection of Irish sandwiches and snacks
Pro Tip: Fill Up at Breakfast Time
Hotels and guesthouses on tours offer filling hot breakfasts, typically including sausages, bacon, eggs, hash browns, bread, pastries, cold cuts, oatmeal, fruit, and yogurt.
10. Tipping Etiquette in Ireland
Tipping in Ireland is less ingrained than in the US or Canada, but it’s still appreciated in certain situations.
Guidelines:
- Restaurants: It’s normal to leave 10-15% of the bill, but it’s not obligatory. Higher than 15% is generally for exceptional service or large groups.
- Pubs: Tipping isn’t expected but is always appreciated. Tip when buying a round of drinks, for multiple, complicated cocktails, or at the end of a long night.
- Taxis: Tipping is not mandatory. However, if your taxi driver has been friendly and helpful, round up your bill to the nearest €5 or €10. For example, for an €8 fare, leave €10.
When to Tip, It’s Up to You, and When Not To Tip:
| When To Tip | It’s Up To You… | When NOT To Tip |
|---|---|---|
| Restaurants (10-15%) | Taxis (round up) | Bars (per drink) |
| Porters in hotels (few euro) | Cafés (loose change) | Hotel staff (except porters) |
| Tour Guides | Bar/pub table staff |
Tipping Your Tour Guide:
Tipping tour guides is always appreciated. Drivers/tour guides are usually tipped at the end of a tour, often as a communal tip collected from all guests. The amount is up to the individual and depends on the length of the tour and the quality of service. The industry standard is around €15 per person per day, but this is at your discretion.
11. Understanding Irish Sales Tax (VAT)
In Ireland, the price you see is the price you pay. All taxes are included on prices and receipts, with no additional charges for sales or other taxes.
VAT Refunds for Non-EU Citizens:
If you’re a non-EU citizen, you’re eligible to claim back Value Added Tax (VAT) on items purchased in Ireland. VAT rates vary but can be as high as 23%.
FAQ: Navigating Money Matters in Ireland
Here are some frequently asked questions to help you manage your money in Ireland effectively:
1. What is the currency used in the Republic of Ireland?
The official currency in the Republic of Ireland is the Euro (€). It is used for all transactions, and you’ll find ATMs readily available in most towns and cities.
2. Can I use US dollars in Ireland?
No, US dollars are not widely accepted in Ireland. It is best to exchange your currency for Euros before traveling or upon arrival.
3. Is it better to exchange money before or after arriving in Ireland?
It is generally better to exchange money before arriving in Ireland to avoid high exchange rates at airports and tourist areas. However, using ATMs upon arrival can also be a convenient option.
4. Are credit cards widely accepted in Ireland?
Yes, credit cards are widely accepted in Ireland, especially Visa and Mastercard. However, smaller establishments may prefer cash, so it’s good to have some on hand.
5. How much should I tip in restaurants in Ireland?
It is customary to tip between 10-15% of the bill in restaurants for good service. However, it is not obligatory, and you should only tip if you are satisfied with the service.
6. Do I need to tip taxi drivers in Ireland?
Tipping taxi drivers is not mandatory in Ireland, but it is common to round up the fare to the nearest Euro or leave a small tip for good service.
7. What is VAT, and can I get a refund as a tourist?
VAT stands for Value Added Tax, a sales tax included in the price of most goods and services. Non-EU residents can claim a VAT refund on certain purchases when leaving Ireland.
8. How much money should I budget for a day in Ireland?
The amount of money you should budget for a day in Ireland depends on your travel style and preferences. On average, you can expect to spend around €100-€150 per day, excluding accommodation.
9. Are there any hidden fees I should be aware of when using ATMs in Ireland?
Yes, some ATMs may charge a transaction fee, especially if you are using a foreign card. Check with your bank and the ATM provider to understand any potential fees.
10. What should I do if my credit card is declined in Ireland?
If your credit card is declined in Ireland, first check with your bank to ensure there are no blocks on your account. You can also try using a different card or paying with cash.
Conclusion: Smart Money Management for a Smooth Ireland Trip
Navigating the financial aspects of traveling in Ireland doesn’t have to be stressful. By understanding the currencies, knowing where to exchange money, and being aware of tipping customs, you can ensure a smooth and enjoyable trip. Whether you’re exploring the bustling streets of Dublin or the scenic routes of the Wild Atlantic Way, these tips will help you manage your money wisely and make the most of your Irish adventure. For more detailed guides, tools, and personalized advice, visit money-central.com and take control of your financial journey.
Ready to explore Ireland with financial confidence? Visit money-central.com today to access our comprehensive resources and tools for smart travel budgeting and financial planning. Get started now and make your dream trip a reality! Visit us at 44 West Fourth Street, New York, NY 10012, United States. Call us at +1 (212) 998-0000 or visit our website at money-central.com.
