Payment and Currency in Albania in 2025

For those not yet familiar with the financial landscape and payment habits in Albania, the following information will be quite useful. Navigating the payment system in a foreign country can be challenging, but with a little preparation, you can manage your finances smoothly while visiting Albania.

Official Currency

The official currency of Albania is the  Lek (ALL) lek (plural: lekë). Banknotes are circulating in values of 200, 500, 1000, 2000 and 5000 lekë and there are coins of 5, 10, 20, 50 and 100 lekë. As of the current exchange rate, 1 Euro is approximately 95 Lek. While prices have remained relatively stable in recent years, the Lek has appreciated. It’s important to be aware of these changes as they can impact your purchasing power.

Cash Usage

Cash is the King. Carrying sufficient cash is advisable, as many places in Albania still do not accept bank cards many places. Cash remains a dominant form of payment, especially in smaller towns and villages. You’ll find money changers almost everywhere, offering similar exchange rates. Always ensure you check the amount received before completing any exchange to avoid discrepancies.

Banking and ATM Information in Saranda

Saranda offers several banking facilities primarily located around the town center. Most banks can be found near  Nënë Teresa Square  along Rruga Skënderbeu and  Rruga Flamurit. This central location makes it convenient for visitors and locals alike to access banking services.

ATM Availability

Plenty of ATMs are scattered throughout Saranda, ensuring easy access to cash whenever needed. For those arriving by ferry, ATMs are conveniently located to the right when exiting the terminal building, allowing you to withdraw money shortly after your arrival.

Fees and Recommendations

When using ATMs in Saranda or anywhere else in Albania, it’s important to be aware that there is a fee for withdrawing money with foreign bank cards. To minimize these costs, consider the following tips:

Withdraw Larger Amounts

It is advisable to take out a larger amount of cash in one transaction rather than making multiple smaller withdrawals. This approach helps you avoid paying the ATM fee multiple times.

Check with Your Bank

Before traveling, check with your own bank for any additional fees that may apply when withdrawing foreign currency abroad. Understanding these charges can help you plan your finances more effectively while traveling.

By keeping these considerations in mind, you can manage your finances efficiently during your stay in Saranda, ensuring a pleasant and hassle-free experience.

Using a Bank Card

Bank cards are accepted in larger establishments such as restaurants, hotels, gas stations, and shops. However, it’s common that they are not accepted for amounts under 1000 Lek (approximately 10€). Smaller restaurants, family accommodations, and some smaller gas stations may not have functioning card terminals. Therefore, it’s wise to check in advance if card payment is possible.

Using Revolut

While Revolut is a popular service for handling money abroad, it does not directly support the Lek. You will need to choose a different currency when exchanging money. Moreover, note that Revolut might not be the most cost-effective option for withdrawing cash, so consider alternative means if possible.

Paying the Bill

In Albania, the approach to customer service in restaurants and bars may differ from what you are used to in countries where staff are highly service-oriented. Generally, after taking your order and serving your food, waiters in Albania tend to leave you alone. This might seem unusual, but it’s important to know that it’s a cultural norm rather than a lack of attentiveness. The staff aim to give you space to enjoy your meal and time with your companions without unnecessary interruptions.

If you’re ready to pay the bill, you will need to get the attention of the wait staff. They will be happy to assist you once you signal them. Alternatively, it’s common to walk up to the cash register and settle your bill there.

Tipping

Tipping in Albania follows the general European custom where it is not mandatory but is appreciated. Here are a few guidelines:

Restaurants and Bars

Rounding up the bill is a common practice. If you had an exceptional experience, a tip of around 5-10% is appreciated.

Tour Guides

A typical tip for tour guides is around 10%.

Taxi Drivers

Taxi drivers do not usually expect tips, but rounding up the fare is customary.

Bargaining

Haggling is an acceptable practice in certain situations, providing a chance to engage in a bit of negotiation. Here’s where you can and cannot bargain:

Markets and Souvenir Shops: Feel free to negotiate prices in these settings.
Long Taxi Rides: Bargaining is also acceptable for longer journeys with taxi drivers.
Other Places: In general, bargaining is not a common practice outside of these specific scenarios.

Understanding these cultural nuances will not only enhance your experience in Albania but also show respect for the local customs. Enjoy your time exploring the vibrant culture and hospitality of this beautiful country!