For traveling, it's a clear advantage. Herbst was unable to think of many ways the euro conversion will change her life or her business before euro bank notes and coins are introduced. Her store does not take credit cards or foreign checks, and she does not plan to convert her bank account into euros. There is no reason to yet. For individuals and households, the coming of the euro will mean little change to everyday activities.
Individuals can write euro checks on their bank accounts if they choose.
Their credit cards already work in other countries, but consumers will be able to compare prices more easily. They will be able to see prices in both national currencies and euros in many stores and on their bank statements. For businesses, however, the transition will be immense. Nonfinancial companies do not have to begin pricing in euros and alter accounting practices immediately, though some will. Many have had teams working on the transition for more than a year.