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Travellers Cheques in Saigon

Travel Forums Asia Travellers Cheques in Saigon

1. Posted by ToniL (Budding Member 52 posts) 3y

I have been told that it is difficult to change American Express traveller cheques in Saigon. The AMEX website, however, gives a number of banks, the Asia Commercial Bank having the most District 1 branches, as being able to effect these changes.
Some forums say that it is a long process to change the cheques. I dont mind showing my passport and filling in various forms but is this all that is involved. I have both US$ 500 and Euro 500 cheques.
Has anybody had any experience of changing TC's in Saigon and what was your experience.
One further question. If I want to change $US 500 TC will I be able to get $US in exchange - otherwise I may need a wheelbarrow for dong!!

2. Posted by CheersT (Travel Guru 2422 posts) 3y

Travellers Cheques are so '70's that it's becoming more and more of a hassle to exchange them anywhere. A couple of years ago I ran into a young gal in Hanoi who had wasted an entire day finding a bank to exchange them and to add insult to injury was charged a hefty commission for the service.

In this day and age why don't you simply use ATMs?

Good luck and have fun.

Cheers,
Terry

3. Posted by ToniL (Budding Member 52 posts) 3y

I already have TC's in quite large denominations -not quite from the 70's but getting that way!

ATM's are fine in most places but in Vietnam there is a very low limit on what you can withdraw at a time - about $100 or so US. Each time you withdraw your own bank hits you with a hefty fee. You are also more open to being mugged as you leave an ATM than leaving the inside of a bank.

Thanks for your info., I appreciate your effort but, to repeat, has anybody had experience of actually changing TC's in saigon?