diff --git a/packages/input-amount/src/parsers.js b/packages/input-amount/src/parsers.js
index 1b5af0432..c194156a8 100644
--- a/packages/input-amount/src/parsers.js
+++ b/packages/input-amount/src/parsers.js
@@ -61,7 +61,7 @@ function getParseMode(value) {
  */
 function parseWithLocale(value, options) {
   const separator = getDecimalSeparator(options);
-  const regexNumberAndLocaleSeparator = new RegExp(`[0-9${separator}]`, 'g');
+  const regexNumberAndLocaleSeparator = new RegExp(`[0-9${separator}-]`, 'g');
   let numberAndLocaleSeparator = value.match(regexNumberAndLocaleSeparator).join('');
   if (separator === ',') {
     numberAndLocaleSeparator = numberAndLocaleSeparator.replace(',', '.');
@@ -110,7 +110,7 @@ function parseHeuristic(value) {
  * @param {object} options Locale Options
  */
 export function parseAmount(value, options) {
-  const matchedInput = value.match(/[0-9,. ]/g);
+  const matchedInput = value.match(/[0-9,.\- ]/g);
   if (!matchedInput) {
     return undefined;
   }
diff --git a/packages/input-amount/stories/index.stories.js b/packages/input-amount/stories/index.stories.js
index 285d44a78..9678e8c78 100644
--- a/packages/input-amount/stories/index.stories.js
+++ b/packages/input-amount/stories/index.stories.js
@@ -10,6 +10,17 @@ storiesOf('Forms|Input Amount', module)
       </lion-input-amount>
     `,
   )
+  .add(
+    'Negative number',
+    () => html`
+      <lion-input-amount
+        .errorValidators="${['required']}"
+        label="Amount"
+        .modelValue=${-123456.78}
+      >
+      </lion-input-amount>
+    `,
+  )
   .add(
     'Set USD as currency',
     () => html`
diff --git a/packages/input-amount/test/formatters.test.js b/packages/input-amount/test/formatters.test.js
index 4bf2ef194..c7ab4adb3 100644
--- a/packages/input-amount/test/formatters.test.js
+++ b/packages/input-amount/test/formatters.test.js
@@ -1,25 +1,77 @@
 import { expect } from '@open-wc/testing';
 import { localize } from '@lion/localize';
+import { localizeTearDown } from '@lion/localize/test-helpers.js';
 
 import { formatAmount } from '../src/formatters.js';
 
 describe('formatAmount()', () => {
-  it('formats number for specific locale', async () => {
-    localize.locale = 'en-GB';
-    expect(formatAmount(12345678)).to.equal('12,345,678.00');
-    expect(formatAmount(12.345678)).to.equal('12.35');
-    // TODO: Document that maximumFractionDigits >= minimumFractionDigits else a RangeError is thrown by Intl
+  afterEach(() => {
+    localizeTearDown();
+  });
+
+  // TODO: Document that maximumFractionDigits >= minimumFractionDigits else a RangeError is thrown by Intl
+
+  it('formats number with options', async () => {
     expect(
-      formatAmount(12.345678, { minimumFractionDigits: 0, maximumFractionDigits: 1 }),
+      formatAmount(12.345678, {
+        locale: 'en-GB',
+        minimumFractionDigits: 2,
+        maximumFractionDigits: 2,
+      }),
+    ).to.equal('12.35');
+    expect(
+      formatAmount(12.345678, {
+        locale: 'nl-NL',
+        minimumFractionDigits: 2,
+        maximumFractionDigits: 2,
+      }),
+    ).to.equal('12,35');
+    expect(
+      formatAmount(12345678, {
+        locale: 'en-GB',
+        minimumFractionDigits: 2,
+        maximumFractionDigits: 2,
+      }),
+    ).to.equal('12,345,678.00');
+    expect(
+      formatAmount(12345678, {
+        locale: 'nl-NL',
+        minimumFractionDigits: 2,
+        maximumFractionDigits: 2,
+      }),
+    ).to.equal('12.345.678,00');
+    expect(
+      formatAmount(12.345678, {
+        locale: 'en-GB',
+        minimumFractionDigits: 0,
+        maximumFractionDigits: 1,
+      }),
     ).to.equal('12.3');
     expect(
-      formatAmount(12.345678, { minimumFractionDigits: 3, maximumFractionDigits: 3 }),
+      formatAmount(12.345678, {
+        locale: 'en-GB',
+        minimumFractionDigits: 3,
+        maximumFractionDigits: 3,
+      }),
     ).to.equal('12.346');
+    expect(
+      formatAmount(-12.345678, {
+        locale: 'en-GB',
+        minimumFractionDigits: 2,
+        maximumFractionDigits: 2,
+      }),
+    ).to.equal('-12.35');
+  });
 
+  it('formats the right amount of fraction digits for a certain currency', async () => {
+    expect(formatAmount(123456.78, { locale: 'en-GB', currency: 'EUR' })).to.equal('123,456.78');
+    expect(formatAmount(123456.78, { locale: 'en-GB', currency: 'JOD' })).to.equal('123,456.780');
+  });
+
+  it('fallbacks to global locale and EUR by default', async () => {
+    localize.locale = 'en-GB';
+    expect(formatAmount(12345678)).to.equal('12,345,678.00');
     localize.locale = 'nl-NL';
     expect(formatAmount(12345678)).to.equal('12.345.678,00');
-    expect(formatAmount(12345678, { locale: 'nl-NL' })).to.equal('12.345.678,00');
-    expect(formatAmount(123456.78, { locale: 'nl-NL' })).to.equal('123.456,78');
-    expect(formatAmount(123456.78, { locale: 'nl-NL', currency: 'JOD' })).to.equal('123.456,780');
   });
 });
diff --git a/packages/input-amount/test/parsers.test.js b/packages/input-amount/test/parsers.test.js
index 015dd8523..d5280b585 100644
--- a/packages/input-amount/test/parsers.test.js
+++ b/packages/input-amount/test/parsers.test.js
@@ -112,9 +112,27 @@ describe('parseAmount()', () => {
     expect(parseAmount('1 23.4')).to.equal(123.4);
   });
 
+  it('parses negative numbers', () => {
+    expect(parseAmount('-0')).to.equal(0);
+    expect(parseAmount('-1')).to.equal(-1);
+    expect(parseAmount('-1234')).to.equal(-1234);
+    expect(parseAmount('-1.234,5')).to.equal(-1234.5);
+    expect(parseAmount('-1,234.5')).to.equal(-1234.5);
+    expect(parseAmount('-1.234,5678')).to.equal(-1234.5678);
+    expect(parseAmount('-1,234.5678')).to.equal(-1234.5678);
+  });
+
   it('ignores all non-number symbols (including currency)', () => {
     expect(parseAmount('€ 1,234.56')).to.equal(1234.56);
+    expect(parseAmount('€ -1,234.56')).to.equal(-1234.56);
+    expect(parseAmount('-€ 1,234.56')).to.equal(-1234.56);
+    expect(parseAmount('1,234.56 €')).to.equal(1234.56);
+    expect(parseAmount('-1,234.56 €')).to.equal(-1234.56);
     expect(parseAmount('EUR 1,234.56')).to.equal(1234.56);
+    expect(parseAmount('EUR -1,234.56')).to.equal(-1234.56);
+    expect(parseAmount('-EUR 1,234.56')).to.equal(-1234.56);
+    expect(parseAmount('1,234.56 EUR')).to.equal(1234.56);
+    expect(parseAmount('-1,234.56 EUR')).to.equal(-1234.56);
     expect(parseAmount('Number is 1,234.56')).to.equal(1234.56);
   });