I just read on a bank's website that travellers cheques aren't recommended for Cambodia.
We're only going to be in Phnom Penh and Siem Reap (after HCMC) - should we make sure we have enoug dollars before entering Cambodia or should we be able to exchange the travellers cheques in PP or SR?
#1 halu has been a member since 21/8/2006. Posts: 31
I just got back from Cambodia this morning. My friend had no trouble exchange the travellers cheques in SR.
They charged 2 US dollar for 100 US dollar though.
There's plenty of places you can change your cheques
Not sure what is the bank concern about the exchange travellers cheques in Cambodia.
#2 desertwoman has been a member since 25/8/2006. Posts: 17
I've seen people cashing TQs all over the place in Cambodia... you shouldn't have any problems with them.
#3 somtam2000 has been a member since 21/1/2004. Location: Indonesia. Posts: 7,737
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#4 halu has been a member since 21/8/2006. Posts: 31
Quite a few ATMs dispensing lovely crisp US dollars in Cambodia too these days...
#5 pauljaymes has been a member since 10/7/2006. Posts: 75
i agree with pauljaymes. there are quite a few ATMs in PP and SR dispensing crisp US dollars. it's quick and convenient, and available whenever you need. plus, depending on your bank back home, you might not have to pay any service charges at all.
If you are using traveller's cheques rather than ATMs, that's fine in both of Phnom Penh and Siem Reap, heaps of places to change them.
Depending on the brand of cheques, you may be able to change them commission free. You'll normally get a website listed on the wallet the cheques come in, and then you can check to see which banks will change for free. I can't vouch for other brands but I have used Amex cheques here and could use them commission free at some major banks.
I think the concern over traveller's cheques option here might be that unlike most countries, you'll rarely find anyone that you can pay using the TCs - you have to go change them into cash instead.
#7 Vintage has been a member since 24/10/2006. Posts: 6