Money

Debit cards, credit cards and cash are widely used in Vancouver. Most people use cash for smaller purchases, such as coffee and lunch, and debit and credit cards for larger amounts. US dollars are accepted in some locations (mainly tourist places), but usually at a worse exchange rate than that offered by banks.

Local Currency

The Canadian dollar is a lot like the US dollar, but more colourful. The denominations are identical – 1 cent penny, 5 cent nickel, 10 cent dime, 25 cent quarter – but Canada has a $1 coin, called the ‘loonie’ after the loon, a water bird on the coin’s face, rather than a note, and…

Banks

Banks are located all over the city and are easy to find in main shopping areas. They offer the best foreign exchange rates, in addition to all the regular banking, lending and insurance services. Local credit unions include VanCity and Coast Capital Savings, and national banks include Royal Bank, TD Canada Trust, CIBC, Bank of…

ATMs

ATMs are easily found throughout Vancouver. They are attached to banks and credit union branches, in convenience stores, supermarkets, malls and gas stations. The Cirrus (MasterCard) and Plus (Visa) networks are common. HSBC and BC credit unions are part of the Exchange and Acculink network and do not charge ATM access fees to members. Similarly,…

Money Exchanges

Independent money exchanges are dotted around Vancouver, with several in Gastown and Downtown on Granville Street. It is worth shopping around for the best rate, but with several in close proximity you won’t have to go far. Generally these businesses do not charge commission, but some have a $1 transaction charge. They have roughly the…

Credit Cards

Visa and MasterCard are accepted almost everywhere in Vancouver. American Express is slightly less popular. Some smaller shops and cafes have a minimum charge for debit and credit card transactions or charge a small percentage to use the system. Credit and debit cards are so pervasive now that you will very rarely find a business…

Tipping

Tipping is the norm in Vancouver. A standard tip for good service is 15% of the total amount. You will be expected to tip your taxi driver, bartender, waiter, hairdresser, hotel attendants and maid. If a service charge has automatically been added to a bill in a restaurant you need not tip extra. Tips are…