Planning a trip to Laos? That’s awesome! It’s a beautiful country with so much to offer, and managing your money while you’re here is pretty straightforward. Let’s go through some tips on getting cash in Laos so you can focus on enjoying your trip without any headaches.
ATMs in Laos
First off, you’ll find a decent number of ATMs in major cities like Vientiane, Luang Prabang, and Pakse. These ATMs often accept foreign cards, mainly Visa and Mastercard, so check with your bank before you travel to ensure your card will work abroad.
When you use an ATM in Laos, keep in mind a few key points:
- Withdrawal Limits: Most ATMs will let you withdraw between 1,000,000 to 2,000,000 LAK (that’s around $100 to $200 depending on the current exchange rate) per transaction. You can usually do multiple transactions if you need more cash.
- Daily Limits: You’ll also be subject to daily withdrawal limits, which are generally set around 4,000,000 LAK possibly higher. Again, it can depend on your bank and the ATM you’re using, so it’s a good idea to check in with your bank for specifics.
- Fees: Keep in mind that there might be a fee for withdrawing cash, either from your bank or the ATM itself. It can be handy to check this out ahead of time.
Currency Exchange
If you’re bringing cash, it’s a good idea to have some USD or Euro on you, as these are easily exchangeable in Laos. You can swap your currency at banks or dedicated exchange offices. They usually offer decent rates, but always check if there’s a fee.
When you do exchange money, it’s wise to:
- Look for a reputable exchange office.
- Count your money before leaving the counter.
Using Local Currency: LAK
Once you’re in Laos, transactions are typically made in the local currency, which is the Lao Kip (LAK). While you might find some places, especially in tourist areas, accepting USD, it’s generally better to use LAK. Officially it’s illegal to trade in currencies other than Kip.
- Cash is King: Many small shops, markets, and restaurants prefer cash, so having some LAK on hand is essential.
- Bargaining: If you’re shopping at local markets, having cash ready can also help you negotiate better deals.
Credit/Debit Cards
If you’re not a fan of carrying too much cash, lot of places now accept credit and debit cards, especially hotels and restaurants in larger towns. But be aware:
- Some establishments might add a credit card fee.
- Smaller places or rural areas may not accept cards at all, so always have a backup stash of cash.
Tips for a Smooth Experience
- Notify Your Bank: Before you head out, let your bank know you’ll be traveling to avoid any unexpected blocks on your card.
- ATM Safety: When using an ATM, do it during the daytime and in well-lit areas for safety.
- Keep Small Bills: It can be helpful to ask for smaller bills when you withdraw cash or exchange money. Many local vendors often don’t have change for larger denominations.
- I main centres there are ATMs everywhere. Many are at the front of a bank, using one of these means if your card is swallowed you can retrieve it form the bank staff. This is not common but we’ve heard of the odd instance.
Getting money in Laos isn’t too complicated. Just remember to mix it up with cash and card use, be aware of limits, and you’ll be set to enjoy all the amazing experiences Laos has to offer. If you have more questions or need local tips while you’re here, feel free to reach out—we’re always happy to help! Happy travels!