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KiNHoY

Which travelers check are easiest to cash in BKK?


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Posted on: 6:48 pm on Mar. 29, 2004
Mr Alan
American Express TC are definitely easy to cash, but there may be others equally as easy. I cashed most of mine at the Bank of Bangkok where they seemed to enter the serial numbers into a computer screen for verification.

I get AMX TC's without any fee from my bank. If I could only get a different brand without paying a fee, I would probably go with them instead.


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Posted on: 9:16 pm on Mar. 29, 2004
shoresideguy
As I mentioned before in the Forum, I plan to spend 35 nights in LOS during December/January. Obviously my accommodation/flights will be pre paid before departure.
That leaves me with spending money during my stay.
Most people recommend travellers cheques for the best exchange rate and as I can get them here in the U.K. commission free am inclined to agree. I plan on taking the equivalent of approx 5,000 pounds in t/cheques.
To the best of my knowledge these come in units of maximum 100 pounds hence that means I would have to pre sign 500 times!
If at all possible I don't want to use my credit cards whilst there, so has anyone any suggestions around this problem. I had thought of taking a few bankers drafts made out to myself, but this would obviously involve bank charges.
What has anyone else done in this situation?


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Posted on: 11:20 am on June 2, 2004
Smegma

Quote: from shoresideguy on 11:20 pm on June 2, 2004
I plan on taking the equivalent of approx 5,000 pounds in t/cheques.
To the best of my knowledge these come in units of maximum 100 pounds hence that means I would have to pre sign 500 times!
Why is that? Do you need to sign each of the 50 cheques 10 times? I never heard of any such TC that requires so many signatures. Which are those?


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Posted on: 11:32 am on June 2, 2004
invaderzim
hey KiNHoY!! remember me? whats up ? how were your remaining days in BKK? I used Visa Travelers Cheques on my trip there they are not as widely accepted as Amex but I had no trouble finding someplace to cash them..I used visa instead of Amex because I am a AAA member and they use Visa and have no fees for there cheques its virtually an even exchange that costs you nothing..later Bro!


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Posted on: 11:35 am on June 2, 2004
shoresideguy
Apols to Smegma and others who read my previous posting. Seems my my brain was operating on "slow mode" when I made that posting - of course only 50 signatures required for 50 X £100 travellers cheques.
Sorry again for time wasting - shall engage brain before operating keyboard in future.


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Posted on: 12:16 pm on June 2, 2004
Mr Alan
5,000 pounds for 35 days is about 10,600 baht per day (not including hotel which you say is pre-paid). That sounds like a lot baht to spend every day for 35 days.


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Posted on: 1:33 pm on June 2, 2004
buxeda
shoresideguy,

if you use your credit card at atm's only, the risk of having problems with false deduccions is really small. I always do it, never had a problem. but be careful to whom you give your card to in hotels or restaurants for example.

peace

buxeda


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Posted on: 2:33 pm on June 2, 2004
Mr Alan
If you use a credit card at an ATM, you many not get false deductions, but you will get lots of real deductions such as:

- poor exchange rate
- exchage rate fee (usually about 3-4%)
- fees for using an ATM not owned by your bank
- interest charges (if not a debit card)


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Posted on: 2:47 pm on June 2, 2004
CiaoCiao
I have always used American Express Travelers Checks in BKK & throughout the world and can cash them almost anywhere. There is no charge to purchase them with US$ and no charge to convert them back to US$ if you have any left over.

You can get them in denominations of $500, certainly in the UK, although any denomination of $100 or above gives best exchange rate when cashing them.

Works well to buy some @ $500, to cash at banks & Money Exchanges, plus some @ $100, to cash elsewhere, as most smaller places just don't keep eough money available to cash the 500s.


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Posted on: 4:14 pm on June 2, 2004
     

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