Me and my partner are travelling south east asia in September for three months, we are unsure what the safest and best way is to take our money. Could anyone give us some tips? We are travelling to Thailand, Vietnam, Singapore and Malaysia. Thank you :)
I bring a combo of cash - (change on arrival) TC's, Credit cards and Debit cards, Some islands don't have ATM's so keep that in mind.
Most people will tell you ATM's all the way but I only use them once a month to cut down on bank fees, which can add up, I also lock my stuff in my bag. I do have a money belt, but rarely use it. It depends how paranoid you are and the type of places you are staying in. Your cards could get stolen or if there's a power outage for 4 days, like recently in Siem Reap - you'd still be in a bit of a pickle.
I use ATM's most of the time too, particularly since they are pretty much almost everywhere now. Just make sure you've got a 4-digit pin for use in Asia. But there are still a few isolated places that don't have ATMs, or sometimes the power is out or the ATM network is down, or your ATM card gets lost or stolen or ruined, or sometimes you just need a little bit more local currency before you cross a border, so I also carry a small amount of traveller's checks or sometimes even just a bit of US cash as an emergency back up.
I Dont agree with the prepay travel card.
I used them in Australia and SE Asia 2 years ago. I put Â£5000 on one and $3000 on another.
I found them very insecure.
On more than half of places I used them i was offered an option to sign instead of my PIN.
I even signed 'mickey mouse' on one occasion to test my theory.
They people taking payment were not bothered whether you chip and PIN or sign; they still get there money.
I am guessing if I had dropped them, someone could have used them in a lot of places by signing, and signing just about anything.
#6 buttonbridge has been a member since 21/11/2010. Posts: 32