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Thailand forum

Travellers Cheque or ATM

Posted by guernseydan on 14/7/2012 at 07:24

During my last trip i recall being charged 150bhat each time i withdrew cash by the Thai banks,

I was wandering what is better value for money either take 200 out each time and get charged 3 quid, or possible take travellers cheques and change them in Thailand,

im unsure about the exchange rates offered by the atm's compared to money changing!

Thanks in advance

Danny

#1 guernseydan has been a member since 26/12/2010. Posts: 49

Posted by altmtl on 14/7/2012 at 09:37

Bring cash to start and change it at SUPERRICH or http://vasuexchange.com/ - banks at the airport don't give as good rates. So you can change just what you need to get to town. then go elsewhere. AEON ATM's do not charge the 150 baht fee but there is none at the airport - if using ATM just withdraw the max amount - TC's are 33 baht to change.

http://bankexchangerates.daytodaydata.net/default.aspx

#2 altmtl has been a member since 18/5/2009. Location: Canada. Posts: 992
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Posted by exacto on 14/7/2012 at 10:29

hey dan,

you should get a slightly better rate from an ATM withdrawal than a traveller's check. plus, when you add in the fee for each TC you cash, the ATM is usually the better choice - even with the annoying 150 baht fee.

i think the advantage of ATMs is that they are almost everywhere and you can use them even when banks and exchange booths are closed. plus, carrying an ATM card (and a backup from a different account) is easier than having to safeguard a bunch of TCs your whole trip. however, every once in a while an ATM network can go off line for a day or two, so I typically have a few days cash on hand and an emergency TC or two with me just in case.

also, i've used one of those no-fee ATMs before. it was Bank of Ayutthaya. but the exchange rate on that transaction was about a baht less per dollar than other 150 baht-fee ATMs i'd used. so check to exchange rate to see if you are really saving money or not. i haven't used the AEON ATMs altmtl mentioned above, so hopefully that will be a good option for you and others too.

finally, on my last 8-week trip to Thailand, Laos, and Cambodia, i needed a total of 6 ATM withdrawals. my out of pocked cost was less than $30 total, which compared to my $1000 airfare was really just a small amount. changing money is a cost of travel. don't let that few quid worry you at all. cheers.

#3 exacto has been a member since 12/2/2006. Location: United States. Posts: 2,606
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Posted by altmtl on 14/7/2012 at 10:43

I take 2 credit cards (never use them), My ATM card & a copy. Change cash on arrival as mentioned above, have a small amount of TC's - What if I only need $100? and some US$ as some of the more remote islands do not have banks or ATM's. I used ATM's 4 times on my last 3 month trip.

#4 altmtl has been a member since 18/5/2009. Location: Canada. Posts: 992
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Posted by guernseydan on 14/7/2012 at 10:49

I always got cash before from the atm's before, probably change a 100 or so here and take 100 Travellers check just incase, will just look for the bank with the best exchange or the AEON ATM's

Who am i kidding, will be having to much fun for that

Thanks

#5 guernseydan has been a member since 26/12/2010. Posts: 49

Posted by altmtl on 14/7/2012 at 20:56

you're right - who cares about the best exchange rate and saving a little bit of cash - why even worry, just spend your money - it's your holiday - have fun.

#6 altmtl has been a member since 18/5/2009. Location: Canada. Posts: 992
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Posted by longbeach on 15/7/2012 at 06:11

Take cash. Unless you're going for months you don't need travellers cheques.

#7 longbeach has been a member since 28/3/2012. Posts: 307

Posted by tyler on 15/7/2012 at 17:52

How long are you traveling? Few weeks - cash and a credit card. Few months - cash, credit card, debit card and some TC's for insurance.

#8 tyler has been a member since 7/12/2010. Location: Canada. Posts: 257
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Posted by Wanderer2012 on 16/7/2012 at 00:41

ATM.

The fee is the same no matter how little or how much you w/d, so w/d the max. Bangkok Bank allows 20,000--will also allow you to open an account with only a tourist visa if you're a hard core cheapie.

#9 Wanderer2012 has been a member since 16/7/2012. Posts: 1

Posted by guernseydan on 17/7/2012 at 12:57

6 Weeks so will take a small amount of Travellers Checks and some cash and use the ATM

#10 guernseydan has been a member since 26/12/2010. Posts: 49

Posted by CivilEStud on 17/7/2012 at 17:40

Take a debit card and withdraw cash in lump sums when you need. No need to carry checks. The small ATM fees are not worth the trouble!

#11 CivilEStud has been a member since 17/7/2012. Posts: 3


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