Changing Money in Bali Money Exchange/Changer All You Need To Know

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in todays Bali money matters travel video vlog I will provide information on everything you need to know about changing money & using an ATM in bali.
ABOUT ME: I have 12 years experience of living in Bali and first started visiting Bali in 2001, during this time I have amassed a huge amount of useful knowledge of bali & Indonesia. I speak from real life experiences of my own and I share my knowledge in this video to prepare you for your holiday in bali.
MOST IMPORTANT TO ME: I want you to obtain the best possible experience from your holiday in bali, the last thing I want to see is tourists visit bali and leave with a bitter taste in their mouths due to a bad experience related to a bali currency exchange or ATM skimming.
EVERTHING IN THIS VIDEO: All content in this video is to provide you with a guide and prepare you for your holiday in bali. nothing from this video should be taken negatively. I am a seasoned traveler for over 20 years and have encountered many of the same situations outlined in this video in many other countries I have visited around the world.
1: Bali Airport Exchanges offer lower money exchange rates than those offered by the Authorized money changers located in all the main tourist areas.
2: only use authorized money changers, all the authorized money changers I show in this video all offer the exact same exchange rates on all currencies and that is the maximum rate available to tourists whom wish to exchange money. I WOULD NOT RECOMMEND THAT YOU EXCHANGE AT BOARDS OFFERING HIGHER EXCHANGE RATES AS YOU WILL NOT GET THE RATE ADVERTISED ON THE BOARD.
3: BEST TIME TO EXCHANGE: Monday 10:00am -Friday 15:00pm, weekend exchange rates are considerably lower.
4: Be very careful when using ATM machines as bali is renowned for card skimming (I speak from my own personal experience of this). best to use ATM machines attached to a bank branch rater than using single cubical style ATM machines located on the side of a quiet street.
5: ALWAYS COUNT & CHECK YOUR MONEY BEFORE LEAVING THE EXCHANGE. IF USING THE LITTLE WHITE BOARD MONEY CHANGERS COUNT YOUR MONEY AND CHECK IT MATCHES THE RATE ADVERTISED AND DO NOT LET THE TELLER TOUCH YOUR MONEY AGAIN.
6: if exchanging large sums of money then best to use an authorized money exchange that has an electronic counting machine behind the counter so you can see visually the correct amount.
I WISH YOU ALL A SAFE AND ENJOYABLE HOLIDAY IN BALI. I HOPE THIS VIDEO IS OF SOME USE TO ANYONE WATCHING.

Опубликовано:

14 июн 2024

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Комментарии : 61

@kareno9368 Месяц назад

Thank you Gary for looking after our financial safety. Much appreciated.

@balibygary9718 Месяц назад

You are welcome, i want you to have a great Bali experience😁

@sonnyday6830 Месяц назад

Good advice

@ZAN-THE-GOAT Месяц назад

I remember in the 80’s, one Australian dollar was only 1000rp. When it climbed to 1450rp, I raced out & brought a heap in case it fell back down, but I actually lost as it climbed well over 2000rp and over the months it kept going up. I still remember a good copy hat costing 1000rp and same as a t-shirt. The old matahari story that was near waterbom where the old masssive mcdonalds was, you could buy shorts with a shirt for $2.80 Australian. We would only wear the clothes we had worn on the plane but on the return, our cases would be full of the good clothing that would last years, including 501 levis costing $5 but at the time, in Australia costing $50 or more. The good old days before large shopping malls. We were at the opening of the Discovery mall in the 90’s as we were staying next to it at the kartika discovery. It was a big deal back then with all the major brands of the day having a shop like nike etc. most are gone, just as we will see CK and others slowly disappear from Bali icon.

@heatherfruin2371 Месяц назад

People will get a rude shock if the Australian dollar goes down. My husband and I have been going to Bali since 1988.

@salomearmy5092 Месяц назад

Thank u thank uuuuuu im going there in novembre .... thank u for the help

@sandramaughan3832 Месяц назад

Love your posts

@ZAN-THE-GOAT Месяц назад

Well done Buddy.

@baddersabout5383 Месяц назад

I'll be pointing all friends, family and first time Bali travelers to this Gary. I explain it the best I can, but seeing it all in your video is golden.

@balibygary9718 Месяц назад

I want everyone to have the best Bali experience🙂

@user-ob9zo9ux9x Месяц назад

Thanks Gary. Invaluable. Not been to Bali before and going soon. Great tips

@balibygary9718 Месяц назад

Yes be very careful when changing money.

@cooky577 Месяц назад

Sound advice there. Thanks for the videos. 👍

@balibygary9718 Месяц назад

You're welcome🙂

@balibygary9718 Месяц назад

You're welcome🙂

@JoeAction68 Месяц назад

You really need to be careful when making transactions at ATM machines, checking and checking. thank Gary for sharing

@marekbocz2850 Месяц назад

Thanks Gary You are the best

@balibygary9718 Месяц назад

Many thanks for your kind words

@margaretcross4789 Месяц назад

Thank you Gary for the great information 🇨🇦

@balibygary9718 Месяц назад

You are so welcome🙂

@ingridharsyntha Месяц назад

Great one Gary, thanks

@balibygary9718 Месяц назад

You're welcome

@elainesmith4774 Месяц назад

Thanks Gary 😊 great information

@balibygary9718 Месяц назад

You are welcome🙂

@janettemitchell6864 Месяц назад

Thanks Gary

@balibygary9718 Месяц назад

You're welcome

@vickypreece4509 Месяц назад

TFS Gary great info - hi from Australia

@balibygary9718 Месяц назад

Hello from Bali🙂

@user-nl8gc8qb2n Месяц назад

Thanks Gary, great advice. Even regular visitors like myself can get scammed.

@balibygary9718 Месяц назад

Yes you must be very careful changing money & using atm in bali

@ifthiharahmed6203 Месяц назад

Thanks gary, you're doing a great job ! Keep up with that superhero.

@balibygary9718 Месяц назад

Many thanks🙂

@ifthiharahmed6203 Месяц назад

@@balibygary9718 hey gary, do you have any videos about Finn's beach club ? Is it a free entry to the night beach party or do we have to purchase a pass for that in online ?

@balibygary9718 Месяц назад

@@ifthiharahmed6203 i have not done finns yet i have that in future plans. Not sure about entry if free or not. I have videos on Atlas & Luna beach clubs. Luna is my favorite.

@ifthiharahmed6203 Месяц назад

@@balibygary9718 thank you so much, I'll check on thatm

@MrKarl6k Месяц назад

Another great video,any chance on video about brits retireing ie visa buying property health care ect

@balibygary9718 Месяц назад

Maybe in the future i will cover these subjects.

@philippserrin8268 Месяц назад

Last month I noticed that all the money changers had horrible rates for those wanting to change Thai Baht into Rupiah. The official rate is about 450 Rupiah per 1 Baht but I saw most places only offering 300 Rupiah for 1 Thai Baht. In other words you were giving up 1/3 of the value of your money. I mostly used ATMs to withdraw money from my US Bank account and the rates were pretty decent.

@balibygary9718 Месяц назад

Yes rates now on the street are considerably lower than what they were prior to the pandemic. It used to be 0.45 under the base rate now it is a few hundred. I don't know now what is best if to exchange money or use atm and pay the charges?

@JuliaOConnor-no1lq Месяц назад

Having worked in Int'l Banking for quite a few years, exchanging cash via a money changer is preferable to withdrawing cash from an ATM. Gary, your videos are no nonsense, no fluff, no influencer bs-just telling it like it is. Thank you 🙏🙏

@subhrajyotibhar5993 Месяц назад

Great Video with important information. I am bit confused when you said that exchange rates applied on ATM withdrawals are not as great. Are you saying that exchanging US dollar cash at authorized money changers will get me better exchange rate than ATM withdrawals?

@balibygary9718 Месяц назад

I don't know which is better exchage rates at atm or money changer. But using an atm you will have charges from the bank in bali & your country bank and the maximum withdrawl at most bank atm machine is 1.5 million per transaction whereas changing money you can exchange as much as you want with no commission fees. I have an indonesian bank account. Permata bank has a maximum of 3 million withdrawl rate per transaction at some atm machines.

@Suroyfamilia 7 дней назад

@14:52 that atm you mentioned not to use is a Commonwealth bank atm, Commonwealth is one of the largest banks in Australia, does that mean it’s a fake? Commonwealth actually has dedicated atm’s in Bali with affiliation to Indonesian banks. Thanks for the advice

@balibygary9718 7 дней назад

@@Suroyfamilia it does not matter what bank the atm belongs to it is the location of the atm and that the atm has a booth style covering and is not attached to a bank. I recommend you only use atm machines attaced to a bank or inside a indomaret,alfamart,circle k convenience store.

@alanmitchell9062 Месяц назад

Circle K can be trusted

@shenoygd Месяц назад

Whether the ATM located in Airport and one located in a convinience store or attached to a branch apply same exchange rate. Any idea ?

@balibygary9718 Месяц назад

I cannot answer that question sorry as I have an indonesian bank account

@user-ob9zo9ux9x Месяц назад

How far Gary would you say to walk into Sanur town from Puri santrian resort3

@balibygary9718 Месяц назад

Puri santrian is close to many restaurants, shops & popular supermarket. Central sanur (artasedana supermarket) is 1.7km

@lusyafransiska Месяц назад

Is all US credit card accepted as payment in Bali? Is it better to use credit card or cash? Thanks

@balibygary9718 Месяц назад

Credit & debit cards are accepted at many places however they do charge in bali for using an international credit/debit card

@michellebenjamin992 21 день назад

Is there a limit on money to exchange?

@balibygary9718 21 день назад

@@michellebenjamin992 i don't think so , authorised money changers should be able to change as much money as you need to change.

@Awwe12675 Месяц назад

Is there restaurant Arabic or turkey ?

@balibygary9718 Месяц назад

Yes have both Arabic & Turkish restaurants in bali. Al jazeerah signature sunset road is a nice Arabic restaurant

@LarsAndersen-ig9yt Месяц назад

Hi Gary. What is the best rate you have ever seen USD vs Rupiah? In one of your videos I think one of the signs said 16,5k. Could be a scammer of course.

@balibygary9718 Месяц назад

I don't remember best usd rate. there are many more scam money changers than official money changers

@LarsAndersen-ig9yt Месяц назад

@@balibygary9718 It's so bad for Bali's reputation. The authorities should wake up and do something about it. Not just the talking😣

@lizcarlyle2477 Месяц назад

Hi Gary, great advice on withdrawing $ from banks/atm's in Indonesia. Is it true a foreigner must have a KITAS to open a bank act @Permata Bank? U crack me up about the "dark corner" ATM. Thanks 4 all u do!

@balibygary9718 Месяц назад

I don't have kitas, but not sure what the rules are now for opening accounts at permata. Permata has many bule customers but it is not a great bank for service best is BCA

@lizcarlyle2477 Месяц назад

@@balibygary9718 Thanks. Are traveler's checks still cashed in Indonesia or is everything digital or cash? My concern is losing US ATM card & trying to replace it in Bali. Charles Schwab debit card will refund charges for international transactions.