Currency Limitation – How much cash in foreign currencies can you bring into Thailand (2024)

FAQs

Currency Limitation – How much cash in foreign currencies can you bring into Thailand? ›

I have to carry some cash in USD currency for my business. What is the amount of Foreign and Thai currency that visitors are allowed to bring into or out of Thailand? If you carry any foreign currency of more than USD 20,000 into or out of Thailand, you need to file a report to the Customs Department.

Any person who brings or takes an aggregate amount of foreign currency exceeding USD20,000 or its equivalent out of or into Thailand shall declare such amount of foreign currency to a Customs Officer.

Currency restrictions

The import and export of local currency is limited to THB฿50,000 per person or THB฿100,000 per family. The import and export of foreign currency is unlimited, but amounts over US$20,000 must be declared.

Taking cash & cards to Thailand

We recommend that you change some money into Baht on arrival and it is advisable to carry local currency in small denominations (20, 50 and 100 Baht notes) for tipping and the purchase of small items.

Proof of sufficient financial means for the duration of your stay. You need 10,000 Thai Baht if you are traveling alone or 20,000 Thai Baht if you are traveling as a family.

You may bring large sums of money with you in the form of cash, money order, or traveler's checks. There is no maximum limit, however, any amount exceeding $10,000 USD must be declared upon arrival on both the Form 6059B and FinCEN 105. All forms must be filled in completely and truthfully.

Will you need cash or credit card in Thailand? You need both. For markets, street stalls, tuk tuks and songtaews, you will certainly need cash. For convenience stores, shopping malls , hotels, larger restaurants and more, you can use your credit card.

Thailand. You are not allowed to carry more than 50,000 baht. The minimum amount per person is 10,000 baht, and 20,000 baht per family.

Personal belongings in reasonable quantity, which are worth no more than 20,000 baht in total and are not prohibited or restricted goods or food. No more than 200 cigarettes or 250g of tobacco or 250g of all types combined. No more than 1 litre of alcoholic beverage.

You can carry Thai Baht as it is accepted everywhere in Thailand, thus you can exchange INR for THB before leaving for your trip. By doing so, you would not need to convert the currency to any other currency in Thailand before using it.

What is the safest way to take money to Thailand? ›

Thailand Travel Money Tips

The best way to travel with money in Thailand is by using a travel card, like Revolut. This way, you can pay by card when you can or withdraw money easily.

It is recommended not to buy any Thai Baht before arriving in Thailand as the rates offered in Thailand are always better than you could get back home. Cash exchanges in Thailand incur no commissions or fees. However, you should avoid changing cash at hotels, hostels or guesthouses because you will get a bad rate.

We recommend taking cash and at least 2 travel cards to Thailand. Take cash for the smaller items and take a debit travel card or prepaid travel card loaded with Thai baht. This way you are spending your own money, locked in a good exchange rate. We advise taking a credit card as a 'just in case' card.

Evidence of adequate finance e.g. Current Bank Solvency and Bank Statement of the last 6 months with satisfactory transaction (at least 20,000 Baht per person and 40,000 Baht per family OR 60,000 Taka per person and 120,000 Taka per family). Only original Bank Statement and Bank Solvency Letter are acceptable.

The saving account should have a balance of at least 700 USD per person or a credit card statement that has 700 USD per person or a forex card that has 700 USD per person. For multiple-entry visa, bank statements of last 6 months with a minimum current balance of Rs. 4 lakh are required.

The general consensus is that you should have $50 to $100 in cash per day for each traveler. However, this amount could vary considerably depending on where you are vacationing. Some destinations are more cash-friendly than others.

International travelers entering the United States must declare if they are carrying currency or monetary instruments in a combined amount over $10,000 on their Customs Declaration Form (CBP Form 6059B) and then file a FinCEN Form 105.

You need to declare it when traveling internationally

It's legal to travel with more than $10,000 in the United States and abroad. You have the right to travel with as much money as you want. However, during international travel, you need to report currency and monetary instruments in excess of $10,000.

Credit cards from major card companies like VISA, Mastercard, and American Express are generally always accepted in Thailand.

All major credit and debit cards are accepted in large businesses, hotels and restaurants in Thailand. However, you might find that smaller stores and cafes don't take cards, so carry some cash on you at all times.

How much cash should I take for 2 weeks in Thailand? ›

That's equivalent to about $420 USD. That's for two people for 15 days and includes everything from accommodation to meals and transport. At the time of travel, 35 baht was roughly $1 USD. As of October 2022, 38 baht is $1 USD, so if you spent the same amount of baht it would only equal $386.61 USD.

And if you do leave a tip directly, always try to do so in Thai currency (Baht), not with USD, EUR, GBP etc notes.

Exchanging money & exchange offices in Thailand

Although you'll be charged a transaction fee for a money exchange as well, the rate is a lot better. Also, the money is exchanged on the latest exchange rate – while ATMs oftentimes will be behind in updating the exchange rates and use less favorable exchange rates.

U.S. Customs and Border Protection notes that consequences can include: Forfeiture of the money you're carrying—meaning they take the money at customs and you don't get it back. Civil penalties such as fines. Criminal penalties—including prison time—if you're convicted of a crime related to illegally transporting money.

Most countries require travellers to complete a customs declaration form when bringing notified goods (alcoholic drinks, tobacco products, animals, fresh food, plant material, seeds, soils, meats, and animal products) across international borders.

You must declare all items you purchased and are carrying with you upon return to the United States, including gifts for other people as well as items you bought for yourself. This includes duty-free items purchased in foreign countries, as well as any merchandise you intend to sell or use in your business.

The toughest part about sticking to a budget will be deciding where to spend that money since there's so much to experience in such a country. The good news is that $100 USD is quite a solid amount to start with per day in Thailand, and this is what it will get travelers while they're there.

If you want to save money, avoid dynamic currency conversion. This is offered at many ATMs in Thailand and by some retailers and hotels. If you are given the option to pay in your home currency, ignore it and instead select Thai Baht (THB).

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

How do you show sufficient proof of funds? ›

An official bank statement, either printed at a branch or as an online statement. The balance of total funds in your accounts. The balance of funds in your checking or savings account. The signature of an authorized bank employee or notary.

Bank statements must be from the most recent month (six months for multiple-entry visa) For single entry visas, you need to show a minimum balance of $700.00. For multi-entry visas, you need to show a minimum balance of $7000.00. Families applying together need to show a minimum balance of $1,500.00 per family.

Travelers visiting the United States from a foreign country must be able to prove to a U.S. Customs and Border Protection (CBP) officer that they have sufficient funds, i.e., credit card, cash, travelers' checks, money order to cover travel, lodging, entertainment, meals, etc. to be admitted into the United States.

Are you still wondering how much money to take to Thailand for 10 days? Generally speaking, you can travel around Thailand on a budget of $35-$70 per day (per person). As you can see in the infographic, we spent $67 per day as a couple.

That's equivalent to about $420 USD. That's for two people for 15 days and includes everything from accommodation to meals and transport. At the time of travel, 35 baht was roughly $1 USD. As of October 2022, 38 baht is $1 USD, so if you spent the same amount of baht it would only equal $386.61 USD.

Export of Indian Currency is strictly prohibited. However Indian residents when they go abroad are allowed to take with them Indian currency not exceeding Rs. 7,500.

Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person. So you can bring any amount of money to the airport. Flying with a large amount of cash on a flight is not illegal.

As a general rule, the option that will get you the best rate will be waiting until you arrive in Thailand and then changing cash at an exchange booth. But the place that gives the best rate might not always be the most convenient to visit, so you have to weigh up whether the cost saving is worth it.

Quick Tips to Travel in Thailand at a Low Cost

Budget travelers and backpackers can stretch their budget to $175-$245 weekly. With a budget of $350-$420, you can travel to multiple destinations, indulge in delectable international cuisine, and even stay in air-conditioned accommodations.

Tipping is NOT customary in Thailand, there is absolutely NO mandatory requirement to tip anyone, but small gratuities for great service are very much appreciated. Unlike some other parts of the world, you will never see a Thai service provider with his hand out waiting for a tip.