October 4, 2012 by Roy Cavanagh It’s understandable that some visitors to Thailand want the convenience of having Thai Baht in their possession when they first arrive in the country, but if you want to get the best exchange rate you should wait until you arrive in Thailand. Exchange rates can vary so you will have to do your own comparisons when in Thailand, but generally speaking branches of Kasikorn Bank and Bangkok Bank tend to offer competitive rates. To avoid the ATM fee you can make withdrawals against a debit card over the counter at most Thai banks or exchange bureaus.
At the moment, AEON Bank ATMs seem to be the only ones in Thailand* that do not attract the 150 Baht withdrawal fee for foreign cards**.
Citibank ATM machines offer fee free withdrawals in some circumstances, but it appears you must use a Citibank card. These can be changed at dedicated foreign exchange desks or banks and it’s quite easy to do.
Major credit cards such as Visa, American Express and Mastercard will be accepted by the bigger hotels, airlines and major stores. A number of hotels and guest-houses will provide a money-changing service, but the rates are usually very poor compared to the official bank rate. As outlined above there is no need to change money into Baht before you arrive in Thailand, but I also appreciate that some visitors just feel more comfortable having some local currency already in their wallet or purse when they first arrive (e.g.
With so many different cards available depending on where you are resident, you will need to do your homework and decide whether they are going to be a viable option for you or not. Thai currency (notes and coins) display the image of His Majesty the King of Thailand and should be treated respectfully. About Roy CavanaghRoy Cavanagh is a former stand-up comedian who now works as a freelance writer. I'm Roy and I aim to provide you with tips and advice to help you get the best out of your trip to Thailand. Changing money in Thailand is a straight-forward process, but there are a few things you need to be aware of if you want to get the best available rate. There are numerous exchange booths, but these are mainly operated by TMB (Thai Military Bank) and SCB (Siam Commercial Bank) and rates here aren’t usually as good as you will get at their branches elsewhere in Bangkok. Independent money-changers such as Super Rich (cash only no traveller’s cheques) usually provide better rates than those offered by any bank, but there are fewer of these outlets around and you will need to factor in convenience and the cost of getting to the Super Rich outlet. There are some exceptions on small islands (no ATMs on Ko Lipe for instance), but for most destinations you should have no trouble in finding one. When changing travellers cheques you will need to take your passport and the bank teller may also ask for the address of your accommodation in Thailand.
Changing cash or travellers cheques, you will get the rate on display at the window of the exchange bureau or bank. Although they may appear convenient, you need to consider the fees charged by your issuing bank as well as the fees incurred when you use that card in Thailand. Some stores and hotels may offer the choice of billing your credit card in your home currency, but don’t accept it. It’s not a big deal if you are just changing over relatively small amounts of money that you require immediately for taxis, food or accommodation, but if you are changing a large amount you will save money by waiting until you get into downtown Bangkok where you can compare rates at different branches.
If you have large transactions or are close to one of their outlets, then Super Rich or other similar Forex exchanges are a good option.
Some bank staff are reluctant to change money against debit cards because it can take a few minutes to sort out, so try and pick a time when the bank is quiet and not heaving with customers. You will get a slightly better rate for changing traveller’s cheques compared to cash, but this is offset by the fact that there is a fee (currently totalling 33 Baht*) for each cheque changed. It’s a good idea to advise your bank or card issuer in advance that you are travelling to Thailand. When changing cash, make sure the notes are in good condition because if they are ripped or dog-eared they can be refused. You will have to shop around for who offers the best exchange rate in your home country, but avoid the temptation to change large amounts of money at your departure airport where exchange bureaus have a captive market and rates will always be worse than if you shopped around beforehand.
I think it’s best to wait until you arrive in Thailand before changing money, but ultimately it is up to you. If you do change money at Bangkok airport and want to get the best rate, you will need to head down to the basement level and find the Kasikorn Bank booth which is located opposite the food court by the entrance to the airport train link. This method avoids the ATM fee, but you will still be liable for any fees your bank or card issuer imposes for using the card abroad.
Obtaining higher denomination cheques at the time of issue will save you some money in fees once you are in Thailand.
With fraud measures in place, using your card in Thailand or elsewhere in Asia without pre-advising your card issuer may cause your card to be flagged as a security measure.
The only exception to this is the SCB and TMB bureaus at Bangkok airport where the rates aren’t as good as you will get at the respective non-airport branches.
Whichever method you use to change money, make sure you are aware of the charges and fees imposed by your bank or card issuer in your home country.
To do either would be deemed to be insulting to the monarchy and is likely to offend any Thai person that witnesses it and could land in you trouble. Credit cards may also be used, but the cash advance fees imposed by some card issuers means it can work out to be quite expensive. When you obtain the traveller’s cheques in your home country you should get them in your local currency (e.g.
Just as you would in your home country, be sensible when you are withdrawing money and be aware of who is around you.
To be extra cautious, use ATMs in shopping malls or within banks rather than those on the streets.
There may be a fee for issuing the cheques, but they do come with a safeguard that they can be replaced if they get lost or stolen.
Please note the 150 Baht fee is separate to any fees your own card issuer will charge to use your card abroad.
Check in advance with your bank or card issuer the fees you will be charged for using your card abroad. Maximum withdrawal may depend on agreements you have with your bank in your home country otherwise Thai ATMs are usually restricted to a maximum withdrawal of 20,000 Baht in any one transaction (i.e.

How can a person make money on youtube
Research about law of attraction