Question 1

What is the "Counterfeit Euro Currency" scam in Frankfurt?

Accepted Answer

Frankfurt, as Europe's financial capital, occasionally sees counterfeit €50 and €100 notes in circulation, most commonly passed in cash transactions at busy markets like the Kleinmarkthalle or from unlicensed street vendors. Germany has strict cash usage norms making larger notes common in transactions. Check notes against the security features (hologram strip, color-shifting ink, raised print on ECB letters). If a note feels unusually smooth or flat, decline it. Businesses are required to check notes and can confiscate suspected fakes.

Question 2

What is the "Airport ATM and Currency Exchange Overcharge" scam in Frankfurt?

Accepted Answer

Frankfurt Airport's Terminal 1 and 2 have currency exchange counters offering rates 8–15% worse than interbank rates, with some counters advertising "0% commission" while embedding the entire profit in a highly unfavorable exchange rate. Standalone ATMs in the terminal also apply dynamic currency conversion, presenting the transaction in the traveler's home currency at an inflated rate. Withdraw euros from your home bank account using a debit card at an official bank ATM in the city center rather than at the airport. If using an airport ATM, always decline dynamic currency conversion (choose to be charged in euros, not your home currency). Avoid Travelex and similar exchange counters at the terminal.

Money & ATM Scams in Frankfurt

Counterfeit Euro Currency

Airport ATM and Currency Exchange Overcharge

Experienced a scam here?