Is MONEY a Data Type in SQL?


Heather Bennett

In SQL, a data type is a classification of the type of data that a column can hold. It defines the kind of values that can be stored in a particular column. SQL provides various data types such as string, numeric, date/time, and boolean to represent different types of data.

Is MONEY a Data Type in SQL?

Introduction to Data Types in SQL

Before we delve into the specifics of whether MONEY is a data type in SQL or not, let’s first understand the concept of data types in SQL. Data types play a crucial role in database design and management, as they ensure that the right kind of data is stored in each column.

SQL offers a wide range of built-in data types to cater to different requirements. These data types define the characteristics and storage format for each column in a table.

MONEY Data Type

Now coming back to our main question – Is MONEY a data type in SQL? The answer may vary depending on which specific database management system (DBMS) you are using.

The MONEY data type is not part of the ANSI SQL standard, which means it is not universally supported by all DBMSs. However, several popular DBMSs provide their own implementation of the MONEY data type.

This data type is primarily used for storing monetary values with precision and scale. It allows you to store currency values with fixed decimal places.


  • $1000
  • $19.99
  • $0.50

The exact syntax and precision may vary between different DBMSs that support the MONEY data type. For example, some may allow up to four decimal places while others may only allow two.

Alternative Data Types

If your DBMS does not support the MONEY data type, you can still store monetary values using alternative data types like DECIMAL or NUMERIC. These data types offer similar functionality and precision.

DECIMAL and NUMERIC data types allow you to specify the precision and scale explicitly. The precision represents the total number of digits, while the scale represents the number of decimal places.


  • DECIMAL(10, 2) – Represents a monetary value with a total of 10 digits, including 2 decimal places.

Using DECIMAL or NUMERIC data types ensures consistent storage and accurate calculations for monetary values, even if your DBMS does not provide the MONEY data type.


In conclusion, while MONEY is not a standard ANSI SQL data type, it is supported by certain DBMSs as a specialized data type for storing monetary values. However, if your specific DBMS does not support the MONEY data type, you can always use alternative data types like DECIMAL or NUMERIC to achieve similar functionality.

Understanding the available data types in SQL is essential for designing efficient and accurate database schemas. It allows you to choose the right data type for each column based on its intended purpose and ensures proper storage and manipulation of your data.

Note: Always refer to your specific DBMS documentation to determine which data types are supported and their precise syntax and usage.

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