Laos forum
Laos: cash advance in bank
Have questions? Jump to our menu of forum quicklinks
Add your reply
You need to be logged in to add a reply.
Not a member? you can join here.
| Possibly related discussions | Replies | Views | Latest reply |
|---|---|---|---|
| Exchanging USD/HKD cash funds vs With-drawing from ATM/Bank Machine ... By ryder80 on 23 Apr 2011 | 0 | 1844 | 23 Apr 2011 |
| which bank have lowest surchage for cash withdraw by visa credit card ... By sandyyou on 20 Apr 2007 | 0 | 2178 | 20 Apr 2007 |
WinstonRumf-
oord
Joined Travelfish
6th January, 2011
Posts 3
Member profile
Profile private
Messaging not enabled.
With the low cash limit on cash advances from ATMs has anyone done cash advances on a credit card from within a bank in Laos?
I think all you need is card and passport.
I don't know if you get the same exchange rate, or
what the charges might be, or
if there are any security issues.
Can you do them at small banks in the provinces without ATMs?
#1 Posted: 7/1/2011 - 23:37
Rufus
Joined Travelfish
22nd April, 2007
Location Laos
Posts 911
Member profile
Profile page
Private message
ANZV has a bigger ATM limit of up to 2,000,000 Kip. However they have a 50,000Kp charge.
#2 Posted: 8/1/2011 - 13:17
Advertisement
captainpants
Joined Travelfish
4th January, 2011
Posts 4
Member profile
Profile private
Messaging not enabled.
NOOOOOOOOO!!! Don't do it. I used to work for a credit card company - you will get charged interest on the cash withdrawn even if you pay it off in full and its normally alot higher than the purchase rate on your credit card.
Not going Laos until April/May so not sure about the withdrawals using a debit card. Is it a bit like Cambodia where you can use US$? Might be worth looking around this site and seeing if they do as bigger purchases could be purchased this way?
#3 Posted: 12/1/2011 - 01:15
busylizzy
Joined Travelfish
31st December, 2007
Location New Zealand
Posts 1903
Member profile
Profile page
Private message
Captain - I don't think interest is charge if you transfer the money to your credit card first, and ensure that there is a zero balance at the time you withdraw the cash. At least I didn't have any charges from my NZ bank. Only did it twice though as I needed particularly large amounts, but I didn't have any interest charges on my statement.
#4 Posted: 12/1/2011 - 06:46
------------------------------
As you grow older, you'll find the only things you regret are the things you didn't do.
altmtl
Joined Travelfish
18th May, 2009
Location Earth
Posts 768
Member profile
Profile page
Private message
I withdrew thai baht from an Aeon ATM in Thailand before going to Laos and changed it to Kip.
#5 Posted: 23/6/2012 - 06:11
altmtl's social networks[Twitter] [Facebook]
------------------------------
Join the FB Group: South East Asia 2013 - Travel buddies and more...