How should I bring money to thailand?

I am going for several months..
I will be bringing my mastercard – should i get lump sums out of atms there?
Will I get better rate if i go with my card to a thai bank and get them to do the exchange?
Can i ask them to charge my card in Euros so i then pay the rate at the thai bank (better rate in thailand) and not my banks rate (expensive)?

By | 2013-08-27T07:19:01+00:00 August 27th, 2013|Mortgages Home Loans Interest Rate|4 Comments

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  1. Thailandsmiles August 27, 2013 at 10:13 AM - Reply

    The other posters have made true and great points.

    1. Lump sum out of ATM, not a bad idea. Most likely $5usd charge on your side and $5usd charge on Thai side but YOUR Bank determines the rate which is usually market which will be the best rate you can get.

    2. Thai Banks will give you a good rate but not as good as the ATM. However, you won’t get the $10 usd ATM charge.

    3. I’m not exactly sure what you mean by charge your card in Euros. All charges made to your card will come out in Euros. Whenever you use your card in Thailand, YOUR Bank determines the rate, not the Thai bank. However, you may be charge 3% using your card for purchases in Thailand.

    4. As the other have said do not get money exchanged in your country and not at any airport along the way, unless it is in Thailand.

    Last Note: Somewhere along the way you will get charged a fee, just make sure it’s reasonable. My prefered method is take large amounts out at the ATM in Thailand but that’s because I know how much my bank charges and I know how much the Thai Banks charge too.

    Have fun I know you will!

  2. Terry E August 27, 2013 at 9:30 AM - Reply

    For your time there, you should consider opening a Thai bank account and fund it with your cash. You’ll receive an ATM card and can make withdrawals based on your account balance. In Pattaya at Royal Garden Plaza, the bank on the 1st floor can assist you (I can’t recall the name of the bank).

    Hope this helps you.

  3. Mr Clean August 27, 2013 at 8:59 AM - Reply

    You get a better rate of exchange in Thailand for your buck, I always take cash and change it there. You can buy at the airport when you get there, as there is a exchange machine there, and they give a good rate., Use a public taxi! just follow the signs, ignore the taxi touts, a fare into Bangkok will cost you about 250-300 baht, there is also a airport bus, maybe the train runs there now also

  4. idac123 August 27, 2013 at 8:18 AM - Reply

    Do not get lump sums from a ATM as the exchange rate is up and down all the time if you go to a Thai bank you will get a low rate better to bring cash and go to a exhange booth not a hotel they give low rates too. also see what your bank charges for ATM withdrawals here and do not get a pre paid card they expensive

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