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Changing Money...

  • mizsarah

    Joined Travelfish
    9th July, 2009
    Posts: 6

    Posted from within Vietnam.

    Hi there,

    Just trying to get a sense of changing $$ in Malaysia... ATMs? Conterfeit money? US $ changed in banks? Pay for stuff in US $ ?

    Thanks in advance!

    #1 Posted: 21/7/2009 - 23:28

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  • somtam2000

    admin
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    Joined Travelfish
    21st January, 2004
    Location Indonesia
    Posts: 6959
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    At least 113

    Like anywhere else - change your cash at a money changer and be sure to double count the cash they give you. Can't think of any reason why Malaysia would be different to its neighbours in this regard.

    #2 Posted: 22/7/2009 - 05:36

  • SBE

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    Authorized moneychangers rather than banks in Malaysia. You get a better rate. I've a feeling the ATMs sometimes cough a bit when you don't use locally issued bank cards but don't quote me on that.

    #3 Posted: 22/7/2009 - 15:55

  • BruceMoon

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    Joined Travelfish
    27th December, 2008
    Location Australia
    Posts: 1941
    Total reviews: 6

    sarah

    Malaysia has a reputation for dealing only in Ringgits. I doubt that anyone would give you a fair rate of exchange if you thrust US$ under their nose.

    I use an overseas card at ATM's in Malaysia. Great! No international card use fee charged at the Malaysian end, and direct connection to my bank in Australia. I just go to the ATM at the air terminal and get what I need.

    If you want to change money into MYR, I find the better value money changers in KL are located at the northern end of Chinatown around Jl Tun HS Lee to Lebuh Ampang. Just watch what you are given (in case of a mistake).

    Cheers

    #4 Posted: 22/7/2009 - 17:27

  • whiteelepha-
    nt

    Joined Travelfish
    22nd July, 2009
    Posts: 15

    when changing money make sure you count notes twice, esp those of similar colour. Locals often count very very quickly as theyre used to coounting very large quantities. Don't feel you need to rush, take your time and count at your pace.

    #5 Posted: 22/7/2009 - 17:28

  • idreamofdur-
    ian

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    Location Singapore
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    International ATMs are everywhere... lots of authorized money changers in KL who give good rates and no commission. Cash transactions in Ringgit only. Hotels, nice restaurants, and larger shops will take credit cards.

    #6 Posted: 23/7/2009 - 01:52

  • SBE

    Click here to learn more about SBE
    Joined Travelfish
    14th April, 2008
    Location Global Village
    Posts: 1921
    Total reviews: 5
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    At least 2

    I wasn't sure about ATMs because my card got repeatedly refused in Penang a few years ago.

    Probably my bank's fault rather than Maybank's. My wretched bank in France sometimes won't even let me buy a seat on Air Asia because it's a company based in SE Asia!

    #7 Posted: 23/7/2009 - 02:18

  • idreamofdur-
    ian

    TF writer
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    Joined Travelfish
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    Location Singapore
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    I've used my Canadian bank card and my HSBC bank card all over Peninsular Malaysia and Malaysian Borneo with no problems.

    #8 Posted: 23/7/2009 - 02:31

  • limeandsoda

    Joined Travelfish
    29th October, 2007
    Posts: 10

    Have used Australian bank cards in ATMS all over PM and borneo too, also no problems.

    #9 Posted: 27/7/2009 - 14:21

  • heart08

    Joined Travelfish
    29th July, 2009
    Posts: 3

    For your convenience, bring your credit card especially those recognized worlwide

    #10 Posted: 30/7/2009 - 13:52

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