When traveling abroad, many people spend thousands of dollars on hotels, food, drinks, transportation, etc. But how do you make the most of your money while traveling?
When planning to travel to any foreign country, it’s important to know how the local currency works, how it’s taxed, and what charges may be incurred when withdrawing money from ATMs.
We have done the research for you and here are some tips to help you plan ahead to avoid unpleasant surprises!
Cash Withdrawal In Thailand
Each ATM transaction in Thailand costs between $5-$10 US. The cost depends on where you use an ATM and when. Some ATMs may be free, but others may require a fee. If you’re looking for an ATM, be sure to check out the best rates first. However, you shouldn’t worry too much about finding an ATM that offers lower rates.
Prepaid Travel Money Cards
Some shops will accept prepaid credit cards without charging fees, so they’re worth considering as a backup when traveling. They may not be advisable if your local currency is experiencing a very strong conversion rate against the Thai baht. Verify with your bank to see what types of cards are accepted and whether there are any charges involved.
Best way to obtain Thai baht?
Bring some money in US Dollars. Exchanging pounds or euros at an ATM gives you a better return than any place else like a bank or airport. Bankers charge fees for converting currencies, and the rates offered aren’t worth the hassle. Opting out of exchanging money at the airport can save you a lot of trouble. In Thailand, travelers’ checks offer a much better deal than cash. They’ll also be easier to trade than cash, and they’ll be safer too.
Withdraw Cash From ATM Without Any Fees
Go to a local branch of your financial institution and ask if they can provide an ATM machine. They should be able to give you a list of nearby ATMs so that you can withdraw money without having to carry around your wallet. Make sure that the ATM accepts debit cards, not just credit cards.
After this, just go to the counter to pay for your money. All of which is simply a five-to-ten-minute appointment, and accepted in most Thai branches. However, a recent development is that the loan is no longer free for Visa cardholders, but only for those who hold a Mastercard.
Those with a Visa Card will have to fork out an extra 200 baht ($6) charge each and every single payday. On the upside, this system will still save you from any fees charged by your local branch. If you’re looking for a Koh Samet hotel, certain places such as Santiburi Koh Samet might be suitable accommodations.
If you’re planning a trip to Thailand, we hope these few tips help you to maximize your money while traveling in Thailand. try to enjoy the most of it and take advantage of the many tourist attractions and activities available!