When you visit Thailand you'll need to get their local money - Thailand Bahts.
There are two ways to get Thailand bahts: one is from currency
exchanges with cash (dollars, euros, pounds or any other), second is from bank ATMs
with your credit or debit card. Just don't exchange Bahts in your country
it'll be more expensive than in Thailand. You will see many currency exchanges
with different rates and minimal fees in Thailand, depending on where you are,
don't be lazy and check three or four currency exchanges, because there might
be huge differences between the exchange rates and fees they're offering.
Just don't forget to check and find best currency exchange - you might save a lot
of money. To withdraw money from your credit card in Thailand might be
expensive. When you withdraw money from ATM in Thailand with your foreign credit
card, depending on your credit card, you might pay a fee from three parts:
1) fixed fee: 150 to 220 Thailand bahts (approximately 5-7 US dollars)
per operation for local bank. Also, the maximum amount you'll be able to
withdraw in one time is between 20-35k bahts
(approximately 650 to 1200 US dollars) depending on bank.
2) 2-5% for exchange from the amount you withdraw
3) fixed fee from your card's bank could reach 1-10 US dollars per operation, depending
on country and bank. Huge, right? So, before you go to Thailand, check the fees of
your card you have. By the way, we've tested plenty of different ATMs in
Thailand in 2019 summer and the only one ATM left with 150 baht fee per withdrawal
operation is AEON ATM. Other ATMs will charge 220 bahts
or more fee per operation. Our tips for you when you're in Thailand:
1) For daily goods in shopping centers you can pay with your credit or debit card
2) For cash is better to exchange in currency exchanges, just find the best currency exchange first
3) Withdraw from ATMs only when you need more money or you don't have US dollars or other foreign currency with you.
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