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travellers cheques

Travel Forums Asia travellers cheques

1. Posted by stokesy (Budding Member 76 posts) 9y

Hi everyone, we are travelling to thailand,cambodia and vietnam in feb/march/april next year and will be taking travellers cheques in u.s.a. dollars. Do we need to take large or small denominations in these as I am a bit worried about the commission payable on them. We shall have cc and db cards as well as some cash, but wanted these cheques as a back-up. Can anyone recommend a nice guest house in Dalat for a few days, bearing in mind we are a couple of old and crinkly travellers!

2. Posted by Sophiehdm (Budding Member 32 posts) 9y

Hi, travelers cheques is a good way to bring money. You can change money in the bank of Thailand, Cambodia and Vietnam. It’s easy. You just bring your passport to the bank and fill a simple table, its ok. If you have the credit card, you can get money on the ATM. But you still need to bring something dibs with you, in case you’ll take a taxi or buy something to eat.

3. Posted by vngreen (Full Member 71 posts) 9y

In Vietnam, Some place as travel agent, hotel, they often charge 1percent for travel cheque. You'd exchange in the bank

4. Posted by karazyal (Travel Guru 1594 posts) 9y

Quoting stokesy

Hi everyone, we are travelling to thailand,cambodia and vietnam in feb/march/april next year and will be taking travellers cheques in u.s.a. dollars. Do we need to take large or small denominations in these as I am a bit worried about the commission payable on them. We shall have cc and db cards as well as some cash, but wanted these cheques as a back-up. Can anyone recommend a nice guest house in Dalat for a few days, bearing in mind we are a couple of old and crinkly travellers!

For Thailand travellers checks are no problem. Last time there the fee to cash a TC was 33 baht per check. I would stick with the large denominations to avoid getting too many fees cashing them. If you belong to a credit union you can usually get your TC's free of commision before you leave home. In Thailand you can convert any remaining Thai baht over to your home currency at the airport when you leave.

Taking cash is okay too. U.S. dollars are accepted in many places in Cambodia. You will need some small denomination bills for ordinary purchases where the vendor or store may not have a lot of change. In the border areas with Thailand Thai Baht may also be used, sometimes the rate is not as good as dollars.

No problems with ATM's in Thailand, they are all over the place. Keep in mind that if you use a credit card that you do pay a fee for each transaction, plus the interest! I wouldn't make a lot of small ATM withdrawals where you have lots of fees for each withdrawal. Some fees are pretty high, check with your bank. Debit cards work pretty good in Thailand. Some credit unions pay your first 3 or 5 fees from a non-credit union ATM.

I would pay cash for most purchases, avoid using your credit or debit cards for small purchases in stores or restaurants, even hotels. You don't want to expose your credit card numbers in to many places to prevent fraudulent purchases charged against your number. You won't know you have been scammed until you arrive home and get your statement.

Try to spend down or get rid of your VN dong and any Cambodian currency (Laos too) before you leave those countries, hard to get rid of those currencies after you leave there.

Good luck.

5. Posted by Snarfles (Budding Member 2 posts) 9y

To be quite honest I found travelers checks to be more hassle than they were worth. I didn't have them when we went to Thailand (twice, one week first then three on the return trip) and had no hassles just using ATM's.

In Europe I had them and it was a waste of time finding banks, waiting in line and getting them changed. My bank charges me $5AU to use an ATM in another country and I would rather just pay this and get a bunch of money out then stuff around with travelers checks.

I think its only worth using them if you need them for the security side of them.

6. Posted by stokesy (Budding Member 76 posts) 9y

thanks everyone for your responses, most helpful, regards stokesy

7. Posted by claireh (Respected Member 318 posts) 9y

I opened a Nationwide account before I came as they do not charge for withdrawals from international ATMs (although, some banks in Vietnam charge a small amount their end). There are ATMs everywhere, even a good scattering in Cambodia (despite what tour guides may tell you!).

I bought travellers cheques with me, but have only changed $40 in 3 months (at Cambodia border) and they charged $3 commission up to $100. I'd go for small cheques as everything is cheap and you can always change several at one go and they won't charge for each one, but the total amount (if you see what I mean..?).

Dalat...is beautiful! I've just come from there. I stayed at Binh Yen which is just west of town with some good views of the city. It is a budget option though, so not a palace, but comfy and friendly. The rooms are pretty big with hot water, phone, fridge, cable tv. $6 incl internet & basic brekkie. The Open Tour bus has an office nearby too.

8. Posted by stokesy (Budding Member 76 posts) 9y

Thanks clairh we will check Dalat out, stokesy