When visiting Bali, it’s important to understand how to handle money through ATMs and currency exchanges.
ATMs in Bali
ATMs are plentiful in strongly populated areas like Seminyak, Jimbaran Uluwatu, Sanur, Nusa Dua and Ubud. They usually dispense Rp 50,000 or Rp 100,000 notes, and the typical withdrawal limit per transaction is between Rp 1,500,000 and Rp 3,000,000. To avoid issues like skimming, it’s safest to use ATMs located inside banks or well-lit, busy areas such as malls. BCA, Mandiri, and BNI are trusted local banks with secure ATMs.
Fees and Currency Conversion
ATMs in Bali often charge a small withdrawal fee (around Rp 20,000 to Rp 50,000). It’s advisable to withdraw in the local currency (IDR) without currency conversion at the ATM, as choosing the conversion option can lead to poor exchange rates. Cards from international services like Wise and Revolut can help minimize fees, making them a good option for travelers.
Using Cash vs. Cards
While credit and debit cards (mainly Visa and Mastercard) are widely accepted in tourist hubs, smaller local businesses, markets, and street vendors usually prefer cash. It’s common to carry cash for everyday transactions like food, transport, or local shopping. Be mindful that some places may charge an additional 3% fee for card payments.
Money Changers
If you need to exchange foreign currency, stick to authorized money changers, especially in well-trafficked areas. Avoid small, unlicensed exchange stalls, as they may shortchange you. The best rates are often found in banks or trusted money exchange counters, though withdrawing cash from ATMs generally offers a more straightforward way to get local currency without needing to carry large amounts of foreign cash.
