Is it better to exchange money in the UK or in Indonesia?

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Is it better to exchange money in the UK or in Indonesia?
Question
1.38K views
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| 0 Comments
Is it better to exchange money in the UK or in Indonesia?
Question

Our family is travelling to Bali this summer. I am wondering if they have ATMs in the area or is it better to exchange money in the UK or in Bali? Are credit cards widely accepted in Bali? Are there any restrictions on the amount of foreign currency that can be brought into Indonesia?

1 1 year ago 1 answers 1383 views
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Answered by our Expert

Adventure is defined in many dictionaries as 'bold', 'audacious' or even 'courageous', but what one person believes is adventure will be quite different from the next. I'm not here to provide the same experience to everyone, I'm here to advise and guide you on a journey. The path of which will be unique to you. From beaches in Spain & Greece, to Safaris on the Serengeti Plains, the services I provide are boundless in location and allow your imagination to flourish.
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Yes, Bali has plenty of ATMs that are widely available in tourist areas and cities. It’s usually recommended to withdraw money from an ATM rather than exchanging money in the UK or in Bali, as you can often get a better exchange rate and avoid paying high fees for exchanging currency. However, it’s important to check with your bank beforehand to see if they charge any fees for overseas withdrawals.

Credit cards are widely accepted in larger establishments such as hotels, restaurants, and shops, but it’s always a good idea to carry some cash for smaller purchases and in case of emergencies.

There are no restrictions on the amount of foreign currency that can be brought into Indonesia. However, if you are carrying more than IDR 100,000,000 (around £5,000), you will need to declare it to Indonesian customs upon arrival. It’s also worth noting that the use of foreign currency is generally not accepted in Bali, so it’s advisable to exchange your money into Indonesian Rupiah (IDR) upon arrival.

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1 1 year ago 1 answers 1383 views
0

Answered by our Expert

Adventure is defined in many dictionaries as 'bold', 'audacious' or even 'courageous', but what one person believes is adventure will be quite different from the next. I'm not here to provide the same experience to everyone, I'm here to advise and guide you on a journey. The path of which will be unique to you. From beaches in Spain & Greece, to Safaris on the Serengeti Plains, the services I provide are boundless in location and allow your imagination to flourish.
Specialist Destinations:

Kenya, Tanzania, South Africa, Cuba, South America, Central America, United States, Canada

Specialist Areas:

City Breaks, Beaches, Action & Adventure, All Inclusive, Cruise, Yachts & Sailing, Family, Weddings and Honeymoon, Ski, Solo Travel, Luxury

Travel Interests:

Outdoors, History & Heritage, Local Culture, Destination Experiences, Nature & Wildlife

Yes, Bali has plenty of ATMs that are widely available in tourist areas and cities. It's usually recommended to withdraw money from an ATM rather than exchanging money in the UK or in Bali, as you can often get a better exchange rate and avoid paying high fees for exchanging currency. However, it's important to check with your bank beforehand to see if they charge any fees for overseas withdrawals. Credit cards are widely accepted in larger establishments such as hotels, restaurants, and shops, but it's always a good idea to carry some cash for smaller purchases and in case of emergencies. There are no restrictions on the amount of foreign currency that can be brought into Indonesia. However, if you are carrying more than IDR 100,000,000 (around £5,000), you will need to declare it to Indonesian customs upon arrival. It's also worth noting that the use of foreign currency is generally not accepted in Bali, so it's advisable to exchange your money into Indonesian Rupiah (IDR) upon arrival.
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