Travellers cheques

[Glenn A]

What kind of exchange rate would I get in Pattaya or Bangkok for travellers cheques? I was in my local post office today and noticed they were selling baht for a mean 48 to the pound today.

[Spoon1967]

don't get your Baht from UK, they say there's no commission charge...but if they're giving you 48 to the £1, you can probs guaruntee 54 to 55 on the street,you'll even get a better rate using your visa card in LOS.

[Glenn A]

don't get your Baht from UK, they say there's no commission charge...but if they're giving you 48 to the £1, you can probs guaruntee 54 to 55 on the street,you'll even get a better rate using your visa card in LOS.

 

Hello, Spoon, I reckon the Post Office is secretly making 20 per cent on currency. I wouldn't bother taking currency and would much sooner cash in travellers cheques in Thailand.

[Christos]

Travellers cheques always get the best rate thats what i normally take with me plus the security that comes with them.

And i cash the first one in the airport since i have to pay for taxi.

[Devil Plaything]

I really don't understand the "no commission" claims - if there was no commission, they'd buy and sell currencies at the same rate... just deciding not to call it "commission" doesn't make it not commission.

[bigbadbaz]

There is a charge for cashing travellers cheques in LOS, the same amount for any denomination which I think is 30bht and 3bht admin but I am probably wrong, so I tend to take £100 chqs with a couple of £50's and £20's for the last day if I dont want to split a £100

[Glenn A]

There is a charge for cashing travellers cheques in LOS, the same amount for any denomination which I think is 30bht and 3bht admin but I am probably wrong, so I tend to take £100 chqs with a couple of £50's and £20's for the last day if I dont want to split a £100

Understandably the bank needs to make a profit, but 30 baht is a very minimal charge. I know this doesn't concern Pattaya, but anytime you are in Amsterdam be wary of using a bureau de change called Chequepoint as, when the guilder was around, they used to give 2.2 to the pound when the official rate was 3.0

[blue1878]

I never get thai money in England before going to Thailand because off the poor exchange rate. I normally take TC's and I cash in one at BKK airport to pay for taxi to Pattaya. Also at the end of each holiday to Thailand I normally have some thai money left over and I can save this money for my next trip

[keeper]

cool, so same commission for all denominations.. so $500US AMEX TC looks like the way to go then?

[obsrving]

yes

[Anfield]

You can get amexco t/c value £200 now so better to take that domination

[realdeal1]

I never get thai money in England before going to Thailand because off the poor exchange rate. I normally take TC's and I cash in one at BKK airport to pay for taxi to Pattaya. Also at the end of each holiday to Thailand I normally have some thai money left over and I can save this money for my next trip

MONEY LEFT OVER AFTER BEING IN THAILAND PLEEEEEEEEEEEEASE TELL ME HOW??????????????????

[rocket]

Because of the new 150-Baht-charge at the ATMs I decided to take some TC with me for my last holiday august/sept. I was charged with 1 % when I buyed the cheques. And I was charged again when I changed the cheques into thai baht. I changed two 200-Dollar-cheques. The charge was 60 baht commission plus 6 baht duty stamp. So alltogether the charge was around 6 Dollars, that means 1,5 %.

[Glenn A]

Because of the new 150-Baht-charge at the ATMs I decided to take some TC with me for my last holiday august/sept. I was charged with 1 % when I buyed the cheques. And I was charged again when I changed the cheques into thai baht. I changed two 200-Dollar-cheques. The charge was 60 baht commission plus 6 baht duty stamp. So alltogether the charge was around 6 Dollars, that means 1,5 %.

This will still beat the Post Office where I worked out the difference between their exchange rate and the trade rate was 20 per cent, which is a hidden commission rate. If I get close enough to the official rate, this will do more and let's hope the pound becomes stronger next year.

[seanie]

I normally just take some cash and use my cards but, think will be better to use TCs this trip.

[gerry53]

I used to do the ATM machines because of a good exchange rate and I had 5 free internation transactions per month. Now I buy $10,000 CDN in $500 T/Cs and are easy to cash.(use higher denomination to reduce costs) If I cash 2 at a time ($1,000) I get about 31,000 baht for a 66 baht total fee, I get them issued free in Canada so this is a lot less costly than the ATMs. (works out to about 0.2%) I won't pay this 150 baht transaction fee to the Thai banks, it's robbery. The only hassle is you have to carry your passport on days you cash them in. When I wire in money I will make sure it is in one large amount to reduce costs also.

[Czar Boris]

I used to do the ATM machines because of a good exchange rate and I had 5 free internation transactions per month. Now I buy $10,000 CDN in $500 T/Cs and are easy to cash.(use higher denomination to reduce costs) If I cash 2 at a time ($1,000) I get about 31,000 baht for a 66 baht total fee, I get them issued free in Canada so this is a lot less costly than the ATMs. (works out to about 0.2%) I won't pay this 150 baht transaction fee to the Thai banks, it's robbery. The only hassle is you have to carry your passport on days you cash them in. When I wire in money I will make sure it is in one large amount to reduce costs also.

[Czar Boris]

Where do you purchase these $500.00 T/C my bank in Canada told me they were no longer available. Where they American Express T/C ..