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Laos: cash advance in bank

  • WinstonRumf-
    oord

    Joined Travelfish
    6th January, 2011
    Posts: 3

    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

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  • Rufus

    Joined Travelfish
    22nd April, 2007
    Location Laos
    Posts: 962

    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

  • captainpants

    Joined Travelfish
    4th January, 2011
    Posts: 4

    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 I used to work for a credit card company - you will get charged interest on the cash withdrawn even if you pay it off in full and its normally alot higher than the purchase rate on your credit card.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: 2090
    Total reviews: 20
    Places visited:
    At least 107

    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

  • altmtl

    Click here to learn more about altmtl
    Joined Travelfish
    18th May, 2009
    Location Earth
    Posts: 850
    Total reviews: 5

    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

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