Travel money in Indonesia?
I'm travelling to Indonesia for a month over August and i'm from the UK.
I was wondering if anyone had any advice about spending money?
When i went to Europe, i opened a Nationwide account and remember this being a good option. My friends also got Caxton cards, and i've seen that I can get a global traveller card. Also, i've heard credid cards are a good idea, however, i don't have one yet.
What do people recommend, and how much would I get charged for withdrawing, say, £50 out of my nationwide/caxton account? Which is cheaper basically!
Thanks
More Questions From This User See All
Answers & Comments
Verified answer
Always use local currency.
If you use overseas cards (credit, debit or prepaid), the issuers will convert your purchase to current currency. They will take benefit by manipulating rates that will give them more benefit.
Furthermore, you will charged for cash withdrawal. Commonly, Indonesian banks charge Rp. 20,000 (approx. £1.5) for every transaction.
In my opinion, you should open bank saving account in local bank in Indonesia.
Your saving will use local currency (Rupiah). Therefore, at first, you need to convert your money to Rupiah in money changers.
In general, you only need to bring passport, visa, and pay Rp. 500,000 (approx. £35) for initial balance. Most Indonesian banks provide instant debit/ATM card, that allows you to receive and use that card in the same day.
Try to visit Bank Mandiri (the largest bank in Indonesia), BNI or BRI. They are state-owned banks. Or go to BCA, the largest private bank in Indonesia.