Bali Great Escape
A common question for travelers is whether to bring cash or credit cards to Bali. While using a card at an ATM may seem risky due to the potential for skimming, bringing cash also has its challenges, especially when navigating currency exchange options in Bali. This guide will help you manage your money during your holiday.
Short Answer: Both!
Credit cards are widely accepted in Bali at hotels, restaurants, and tour operators, but you’ll need local currency (Rupiah) for smaller businesses and markets that don’t accept cards. It’s advisable to bring large-denomination banknotes for exchanging into Indonesian Rupiah at the numerous money changers found in tourist areas like Kuta, Legian, and Ubud.
Most major currencies, including AUD, USD, and EUR, can be exchanged at these locations. The only currency accepted by Balinese businesses is the Indonesian Rupiah, although some larger hotels may accept foreign currency at a premium rate.
You will need local currency for everyday purchases, like street food or taxi rides, as many local vendors only accept cash.
Exchanging Cash at Hotels
While you can exchange cash at most hotels, the rates are usually unfavorable, and additional fees can make this option expensive. It’s better to use reputable money changers for a more competitive exchange rate.
Safety of Money Changers
Generally, money changers in Bali can offer better rates, but be cautious of unscrupulous operators. Stick to trusted money changers to avoid scams.
Best Exchange Rates
Using money changers is the most efficient method for converting your currency into Indonesian Rupiah. They usually offer better rates than banks or ATMs.
Using ATMs
ATMs are widely available in Bali, but be aware of potential skimming devices. Familiarize yourself with how to identify safe ATMs to reduce your risk.
Credit Card Acceptance
Visa and Mastercard are widely accepted, but expect a 3% surcharge for using them. While some places are eliminating this fee, it’s still common practice in Bali.
Debit Cards
Visa and Mastercard debit cards are generally accepted, but ensure that your card is linked to one of these networks for smooth transactions.
US Dollars
US Dollars are not commonly accepted. Larger hotels may take them, but the exchange rate is often poor. It’s better to exchange your USD for Indonesian Rupiah at a money changer.
Is American Express accepted in Bali?
No, American Express is generally not accepted in Bali, except in some international hotel chains. For the most part, it’s best to use Visa or Mastercard, which are widely accepted.
Are traveller’s cheques accepted in Bali?
Yes, money changers will exchange traveller’s cheques for local currency, but the exchange rate is usually not as favorable as cash. Outside international hotels, businesses typically do not accept traveller’s cheques as payment; you’ll need to exchange them for Indonesian Rupiah at a money changer.
What’s the best travel card to use in Bali?
The Transferwise Debit Card is highly recommended for travel, including Bali. It offers the best exchange rates compared to banks and traditional travel cards. You can transfer money from your home bank account to your Transferwise account and exchange it between 59 currencies at competitive rates. While in Bali, you can convert your funds to Indonesian Rupiah and spend them without any fees, just like using a local account.
