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travellers checks

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Posted

On my next trip , im thinking of using travellers checks instead of my bank card.Does any one know where on a banks exchange rate webb site you find the rate given,and also do thai banks charge a commision on travellers checks

Guest Astrrro
Posted

Given the 33 baht charge per check, you'll want to get the highest denomination possible.

Posted

On my next trip , im thinking of using travellers checks instead of my bank card.Does any one know where on a banks exchange rate webb site you find the rate given,and also do thai banks charge a commision on travellers checks

 

The Pattaya City Expats Club website has a listing of Thai banks with links to their main pages and to their currency exchange rates. Traveler's check rates generally use the abbreviation TT or T/T at the top of the column.

 

Link to PCEC website page

Posted

all THAI banks charge a flat 33 bt/TC. Some foreign banks-notably HK&SB much more or wont even touch them. This fee is for a value of 100 not offset by the slightly higher rate they offer (which means a TC for 100 gives less Baht-cash as a note of 100). with 500 it may-or be equal. There are slight differences in rate between Thai banks-mostly UOB, Kasikorn and Siam CITY bank offer best.

If you are not too afraid of bringing more cash to get a better rate- some private exchanges (best known is SuperRich here in BKK-beside BigC/opposite WTC on Rajprasonng) offer the very best rates for that.

Posted

If you are not too afraid of bringing more cash to get a better rate- some private exchanges (best known is SuperRich here in BKK-beside BigC/opposite WTC on Rajprasonng) offer the very best rates for that.

thanks pong , but im only going to pattaya

Posted

Hi

 

I prefer traveller's cheques even though it's a bit more hassle. I find it more secure and cost effective.

When I say hassle it's a special trip to the bank with a cheque and you must have a passport and there's no chance my card will get skimmed, lost or held by an ATM.

I buy large denomination cheques at home to minimize the transaction fee's mentioned. For security, once I've exchanged a cheque, I take the cash directly back to the safe, I don't muddle about shopping or go sightseeing. I prefer to go inside a branch rather than stand outside a kiosk in plain sight because you never know who's watching you and I prefer daytime trips rather than night time. I was approached quite quickly once by a man I'm certain was watching me.

I was monitoring the exchange rates last trip and if I remember correctly, towards the end of the week it was better most times. Sometime in the afternoon the rate would peak then it would settle overnight.

Overall, Kasikorn was almost always at the of the list for T/C's.

 

I check this site daily for exchange rates. It compares all the institutions that do foreign exchange. Enter your home currency and select Cheque along the top.

 

Bank foreign currency exchange rates - Compare currency exchange rates across banks

Posted

Trouble is I don't know of anywhere in the UK that gives you the travellers cheques in an over the counter cash transaction without some silly charge of 1% or more.

 

Online ordering doesn't suit me in this case.

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