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Thailand forum

Money advice

Posted by shaungt08 on 9/4/2013 at 14:41

I'll be going to Koh Samui, Koh phangnan and Ko Tao for 4 weeks with my girlfriend this summer. We will be taking £2000 each how would you recommend us taking our money?? Either cash, travel cheques or travel card or anything else??

#1 shaungt08 has been a member since 7/10/2012. Location: United Kingdom. Posts: 13
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Posted by JohnnyM on 9/4/2013 at 15:04

There's ATMs everywhere. I tend to take out a £100/£150 each time (you get charged on each withdrawal) and keep about the same somewhere safe/hidden for emergencies.

I havent used travellers cheques for years.

#2 JohnnyM has been a member since 2/9/2012. Posts: 23


Posted by Brute on 9/4/2013 at 18:04

I agree with Johnny. ATM is the way to go if your only gone for 4 weeks. There pretty accessible is most places and the fee is pretty reasonable. Taking it all
In cash is risky and travelers cheques could creat alot of headaches. One thing I'd do is have a spare card Incase you lose one. I lost my card traveling once and man was it a headache.

#3 Brute has been a member since 16/12/2012. Posts: 36

Posted by exacto on 9/4/2013 at 19:47

For just 4 weeks and all in Thailand, I'd say ATM for the bulk of your money is the best way to go too. Just make sure you've got a 4-digit PIN and let your bank know you are travelling. There are ATM fees and foreign exchange fees, but just think of it as the cost of doing business. Besides, you'll typically get a better rate from an ATM withdrawal than at a foreign exchange window, which makes up for most of the fees.

Having said that, I think it is smart to always have some back up funds in the form of cash or travellers check or both. A back up ATM card is a smart idea that I'd recommend as well, but even that can't help you if the power is out or the ATM network offline for a few days. I usually travel with the equivalent of about $100 in travellers checks - not much - just to have the emergency backup. If I haven't used them by the end of the trip, then I cash them and use the money for a fun splurge or shopping just before flying home. If TC's are too much of a hassle for you, just have the spare money tucked away in cash somewhere instead. Cheers.

#4 exacto has been a member since 12/2/2006. Location: United States. Posts: 2,606
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Posted by Captain_Bob on 10/4/2013 at 06:05

Yep, ATM is plan-A followed by a credit card and/or a few TCs as backup plan-B. The islands are notorious for power cuts, but there are also many backup generators in place and ATMs are very reliable. And just in case you forget, keep cash, cards, etc. with you at all times or use a hotel safe. Don't leave valuables in your main backpack or unattended in the room/bungalow. Beware of tourist buses to the south, as sold at travel agents on Khao San Road, as theft from the baggage compartment is common and you don't usually notice until you're on the islands. If you take a bus use the southern bus terminal (Sai Tai Mai) where buses are government-licensed, or Lomprayah which is a reliable company, or take a train.

#5 Captain_Bob has been a member since 27/5/2006. Location: Thailand. Posts: 1,824

Posted by LeonardCohen1 on 10/4/2013 at 09:17

Cash is best for islands. Mind you conversion rates are better in Bangkok.

#6 LeonardCohen1 has been a member since 24/7/2012. Posts: 2,148

Posted by boaby on 5/5/2013 at 10:04

Hi

if taking tc's its best to have them in decent demominations £50 plus travel cards from thomas cook is a good deal -who do a good travel card -usable in ATM's at least you have some sort of insurance with tc's and cards if all goes down **** alley

safe travels

boaby

#7 boaby has been a member since 26/1/2011. Posts: 38

Posted by boaby on 5/5/2013 at 10:05

Hi

if taking tc's its best to have them in decent demominations £50 plus travel cards from thomas cook is a good deal -who do a good travel card -usable in ATM's at least you have some sort of insurance with tc's and cards if all goes down **** alley

safe travels

boaby

#8 boaby has been a member since 26/1/2011. Posts: 38

Posted by Geer1 on 5/5/2013 at 11:57

At atms you can use either credit cards or debit cards. Most people have at least a couple of these so use one of them and have the other hidden away as a backup. Always good to have a little bit of cash say $100 stashed away somewhere as well in case you need a little bit where no atm is present. Most places that there aren't atms you can at least find a currency exchange or bank that will take cash off your credit card for a fee.

That is what I did and didn't have any issues on my trip, in total I had 2 credit cards and 2 debit cards with me and only ever needed the 1 credit card and at odd times the debit card when for whatever reason my credit card wouldn't work.

#9 Geer1 has been a member since 14/9/2012. Posts: 540
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Posted by natamuka on 23/9/2013 at 14:23

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#10 natamuka has been a member since 23/9/2013. Posts: 1

Posted by Blackartemis on 26/9/2013 at 00:22

150B fee at any Thai ATM other than AEON which you will find in large shopping centers, not on the street.
about 3% surcharge for foreign ATM's

Krung Thai bank, a bank you will find anywhere allows foreign tourists to apply for an ATM card.
You could bring your money in as travelers checks, and then have this bank put them on to an ATM card for you.
You also get discounts at certain places and travel insurance.

http://www.ktb.co.th/ktb/en/product-detail.aspx?product=7G8hLoc1P1luhd7pVQb7Eg==

#11 Blackartemis has been a member since 16/7/2011. Posts: 36


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