Money & Payments in Miami (2026)

Good to know

Good to Know

Tipping is considered part of the social contract in Miami; not tipping will earn disapproval.
In Miami Beach, many restaurants automatically add 18-20% service charge. Always check your bill before adding a tip to avoid paying twice.
Notify your credit card company before traveling to avoid fraud holds.
Dynamic Currency Conversion (DCC) at ATMs offers poor exchange rates; decline it and use standard withdrawal instead.
Most places accept credit cards, but small cash reserves are essential for toll roads, parking, public transportation, and tips.
Payment cards at retail counters now typically feature point-of-sale prompts asking for a 15%, 20%, or custom tip—this is standard practice in Miami.

ATM Fees

Additional Bank Fee: $1.64
Non Network ATM Average Cost: $4.86
Note: Fees vary by bank and ATM operator. Using your bank's ATM network is fee-free. Allpoint network and MoneyPass partnerships offer fee-free ATMs at major retailers nationwide.

Tipping Norms

Bars

Per Drink: $1-2 per drink
Running Tab: 20% of tab

Hotel Staff

Range: 10-20% depending on service

Restaurants

Standard Percentage: 15-20% of bill before tax
Exceptional Service: 22-25%
Note: Many Miami Beach restaurants automatically include 18-20% service charge; check bill to avoid double tipping

Spas And Salons

Percentage: 18-20%

Point Of Sale Cards

Note: Payment tablets now often prompt for tip (15%, 20%, or custom); expected in Miami

Taxis And Rideshare

Percentage: 15-20% of fare
Note: Round up for short trips

Casual Food Counters

Note: Tip jar present; $1 appreciated

Tour Guides And Drivers

Percentage: 10-20% of tour cost

Card Acceptance

Credit Cards Widely Accepted: Yes
Description: Credit cards from any country work throughout Miami at hotels, shops, restaurants, car-rental agencies, and tour companies.

Primary Networks

Visa
MasterCard
American Express

Banking

Overview: Florida-based banking system accessible to foreign residents and visitors.
Considerations: Bring multiple forms of identification; ITIN (Individual Taxpayer Identification Number) may be requested but is not always required for account opening. Consider visiting a branch in person for non-resident status.
Setup For Foreigners: Most major U.S. banks and many local/regional banks in Miami allow account opening by non-residents. Common requirements typically include: valid passport, proof of current address (can be a hotel or short-term rental), and an initial deposit. Some banks may accept a U.S. address on file or accept international addresses. Requirements vary by institution.

Major Banks Available

Chase Bank
Bank of America
Wells Fargo
Truist Bank
Local Miami-area banks and credit unions

AI-generated estimateData refreshed July 2026

Sources cited for this category

These are the sources cited in this money & payments research for this city. Individual figures may not each trace to one of them.

More About Miami

Data last updated July 2026 · Verify anything important.

Money & Payments in Miami