Most ATMs allow a maximum of 20,B in withdrawals per day. The downside is that Thai ATMs charge a B foreign-transaction fee on top of whatever currency conversion and out-of-network fees your home bank charges. Before leaving home, shop around for a bank account that has free international ATM usage and reimburses fees incurred at other institutions' ATMs.
Banks or private money changers offer the best foreign-exchange rates. When buying baht , US dollars is the most accepted currency, followed by British pounds and euros.
Most banks charge a commission and duty for each travellers cheque cashed. Current exchange rates are posted at exchange counters. But always have cash on you for the rest. Thai people are use to get paid and pay in cash. Each desk has an exchange rate for the purchase and a rate for the sale of a currency and they vary depending on the change counter. In Thailand, Superrich is renowned for having the best rates, but they don't have branches everywhere.
I can't really tell you if it is better to withdraw bahts several times during your trip or to come to Thailand with a large sum of money and change it in baht when you arrive in the country. Changing will cost less but you will have a large amount of money on you all the time which is not always easy to manage especially against the risk of theft which is not high in Thailand but still. Maybe the best solution is to mix between money you change when you arrive and some withdraws during the trip.
Before traveling in Thailand It is little known but since , tourists entering Thailand must be able to prove that they have the necessary finances to pay for the expenses of their stay in the Kingdom. The official text mentions 20, baht per person about euros or 40, baht per family about euros ideally to present in cash when you pass the Immigration on your arrival in the country or by showing recent bank statements. Thailand Immigration officials can perform random checks and ask you to provide proof of your resources.
This is rare but know that it can happen so be ready. In any case, it is more interesting to arrive in Thailand with cash money and change it in Thailand than to make ATM withdrawals that will involve several types of fees.
For several years 1 euro is around baht and 1 USD around baht. In Thailand, we pay cash a lot guesthouses, small hotels, taxis, restaurants That is why you should always have cash on you. A Payoneer card is the ONLY way we bloggers used to be able to collect our international affiliate earnings. Income from, for example, Amazon, goes straight onto the card so that you have, effectively, a pre-paid debit card. The good news? However, Transferwise is also a good option these days. Payoneer is still a good choice for some circumstances and we do still have one and use it.
There are no fees and the exchange rate is good. There is more information on Payoneer and affiliate income in this post. You could consider some of the money concealment devices below. If there are 2 of you split the cash between you, some in wallet, some in bag, some elsewhere, is always a great idea. Just remember where you put it! You may feel safer with one or more anti-theft travel devices during your time in Thailand.
We have a full post on anti theft bags to keep your money, passport, phone, and more, safe in Thailand. These bags normally offer RFID blocking, slash-proof internal mesh, wire enforced straps, lockable zippers and mechanisms to secure the bag to a fixture for instance your chair or table in a restaurant. Take a look at those in the post above. A few places we use regularly. The hostels and guest houses are for flying visits, budget stays and transits, for more luxury stays perfect with kids try the Novotels mentioned.
For Phuket , and a more luxurious holiday, try the Novotel hotels, Novotel Karon Beach is their flagship and we loved it. Back to our complete Thailand Travel Guide page or suggested itinerary page , we hope you have a great time on your vacation or holiday and can put our tips for handling your money in Thailand to good use in travelling cheaper and smarter.
Photos of Ironman Phuket Hugely helpful info in there Thank you so much. Can you advise on the use of Google Pay in Thailand? I've practically given up using cash for anything here in the UK as it is almost universally accepted, especially since the pandemic took hold. I honestly don't know what Google Pay is. Is it when you wave your phone at the till? I do that here in Australia but the last time we were in Thailand I didn't have it set up on my phone so I don't know.
You can bet that if it's reached Far North Queensland they'll have it in Thailand already. I have found the best way to spend money in Thailand is by using my Transferwise account. It is similar to Monzo, but where you pay the Mastercard exchange rates tilted in their favour , Transferwise uses the rate that you see on Google or the bank 'base' rate. You do pay a fraction of a percent, but it works out cheaper.
Hi, thanks for the info. I'm going to Bangkok for 5 nights. I know I should change money at Thailand as they give the best exchange rate.
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