Global Major Cities Guide

General information about places where cash is still used or preferred in Vancouver and how its role is diminishing.

Sections

1. Overview of Cash Usage in Vancouver

Vancouver, like most major cities in Canada, has seen a significant shift toward digital and contactless payment methods in recent years. While cash is still accepted in most places, its usage is declining, and many locals prefer using credit cards, debit cards, or mobile payment apps. However, there are still situations where cash may be necessary or more convenient.

2. Where Cash is Commonly Required

While digital payments dominate, there are specific scenarios where cash is still commonly used or required in Vancouver:

Small Businesses and Local Vendors:
- Some small, independent businesses, food trucks, farmers' markets, and street vendors may prefer or only accept cash, though many are adopting mobile payment systems like Square or tap-enabled card readers.
- Tipping street performers or buskers is typically done in cash.
Public Transit (Limited):
- Vancouver’s public transit system, operated by TransLink, primarily uses the Compass Card system for buses, SkyTrain, and SeaBus. However, if you’re paying for a single bus ride without a Compass Card, you’ll need exact cash (coins only, no bills) as bus drivers do not provide change.
- SkyTrain and SeaBus stations have ticket machines that accept cash, but they also accept credit/debit cards.
Tipping in Cash:
- While tipping on a card is common in restaurants, cash tips are often preferred by service workers (e.g., servers, bartenders, hairdressers, taxi drivers). It’s a good idea to carry small denominations for this purpose.
Older Establishments:
- Some older or more traditional establishments, such as small diners or mom-and-pop shops, may still operate on a cash-only basis.
Charity Donations:
- If you encounter charity fundraisers or donation boxes in public spaces, these typically require cash.

3. Costs and Fees Associated with Cash Transactions

When using cash in Vancouver, there are a few costs and fees to be aware of:

ATM Fees:
- If you withdraw cash from an ATM that is not affiliated with your bank, you may incur fees. These fees typically range from CAD 2 to CAD 5 per transaction, depending on the ATM operator and your bank.
- International visitors using foreign cards may face additional currency conversion fees. Check with your home bank for details.
Currency Exchange:
- If you’re exchanging foreign currency for Canadian dollars (CAD), you’ll find currency exchange services at banks, airports, and specialized exchange offices. Airport exchange rates tend to be less favorable, so it’s better to exchange money in the city.
- Some exchange offices in downtown Vancouver, such as those in the Pacific Centre Mall or near Gastown, offer competitive rates.
Bank Withdrawal Limits:
- If you’re withdrawing cash from a foreign account, be mindful of daily withdrawal limits imposed by your home bank or the ATM operator.

4. Digital Payment vs. Cash Usage

Vancouver is highly digital-friendly, and most residents rely on cashless payment methods for day-to-day transactions. Here’s a breakdown of the payment landscape:

Credit and Debit Cards:
- Widely accepted everywhere, including restaurants, cafes, retail stores, and even taxis.
- Visa, Mastercard, and American Express are the most commonly accepted credit cards. Debit cards on the Interac network are also widely used.
- Many businesses offer contactless payment options (tap-to-pay) for transactions under CAD 250.
Mobile Payment Apps:
- Apple Pay, Google Pay, and Samsung Pay are widely accepted in Vancouver.
- Some businesses also accept PayPal or other app-based payment systems.
E-Transfers:
- Canadians frequently use Interac e-Transfers for peer-to-peer payments (e.g., splitting bills or paying rent). However, this requires a Canadian bank account.
Cashless Businesses:
- A growing number of businesses in Vancouver are going cashless, especially in the downtown core. These establishments only accept card or mobile payments, so it’s wise to carry a card even if you prefer using cash.

5. Cultural Considerations and Tips for Using Cash

When using cash in Vancouver, keep the following cultural norms and tips in mind:

Tipping Etiquette:
- Tipping is customary in Canada, and cash tips are often appreciated. Standard tipping rates are:
  - Restaurants: 15-20% of the bill (before tax).
  - Bars: CAD 1-2 per drink or 15-20% of the total bill.
  - Taxis: 10-15% of the fare.
  - Hotel staff: CAD 2-5 per service (e.g., housekeeping, bellhop).
- If you’re paying by card, you can add the tip to the total, but cash tips are often preferred by service workers.
Carrying Small Denominations:
- It’s a good idea to carry small bills (CAD 5, CAD 10) and coins (CAD 1 “loonies” and CAD 2 “toonies”) for situations like tipping, public transit, or small purchases.
Respect for Cashless Preferences:
- Many locals prefer cashless transactions for convenience and hygiene reasons. If a business or individual requests cashless payment, respect their preference.
Counterfeit Awareness:
- Canadian banknotes are made of polymer and have advanced security features, such as transparent windows and raised ink. Counterfeiting is rare, but always ensure you receive authentic bills when exchanging money.
Cash Storage:
- Vancouver is a relatively safe city, but like any urban area, it’s wise to avoid carrying large amounts of cash. Use a secure wallet or money pouch, especially in crowded areas.

6. Practical Tips for Visitors

Plan for Emergencies:
- Always carry a small amount of cash (around CAD 20-50) for emergencies, as not all places accept cards or digital payments.
Use Bank ATMs:
- To minimize fees, use ATMs operated by major Canadian banks (e.g., RBC, TD, Scotiabank, CIBC, or BMO). These are widely available throughout Vancouver.
Check for Cash Discounts:
- Some small businesses may offer discounts for cash payments to avoid card processing fees. It doesn’t hurt to ask!
Currency Exchange Apps:
- Use apps like XE or OANDA to monitor exchange rates and ensure you’re getting a fair deal when exchanging money.

7. Summary

While Vancouver is highly cashless and digital payment methods dominate, cash is still useful in specific situations, such as tipping, small businesses, and public transit. Carrying a small amount of cash in Canadian dollars, particularly in smaller denominations, is recommended for convenience. Be mindful of ATM fees and currency exchange rates, and always have a backup payment method, such as a credit or debit card, for cashless transactions.

By understanding these nuances, you’ll be well-prepared to navigate Vancouver’s payment landscape with confidence!