Dear readers,

Can you tell me if 200 and 500 euro notes are accepted in Bangkok when exchanging against Thai baht?

Sincerely,

Jacks

28 Responses to “Reader Question: Are all Euro notes accepted at money exchange in Thailand?”

  1. peter says up

    Jack no problem! However, I would be careful with carrying 500 notes. If you are checked at Schiphol and you have a few 500 notes with you, I would advise you that you have an explanation of how you obtained those 500 notes. With 500 notes you are immediately suspicious, so take a receipt from the bank with you.

    • martin says up

      Not bad with that receipt. But you may execute total cash 10.000 without comment. Above that you have to SIGN UP. So don't wait for the money to be discovered with you. Otherwise go wrong, and seriously. That is another disadvantage of a direct flight. Everyone immediately knows where you are going - so there is a different control there.

  2. Harry Lewis says up

    Hello jack,

    I'm sure about the 200 euro bills, I always take them with me, 500 I don't know,
    you even get a better rate for the 200 euro banknotes than for the 100 and 50 euro banknotes,

    Tip do not change at the banks, change at an exchange office,

    In the center you have The Baiyoke Tower II the tallest hotel (with mast) in Southeast Asia opposite the entrance you have a currency exchange office with the best exchange rates in March 2013.

    • martin says up

      That's something new again. Bayoke Tower II ??. What + where is that?. Or mean the Bayoke Suite Hotel or mean the Bayoke Sky Hotel?. And where is the exchange office? I always change at Superrich in the Zentrum Bangkok. Addresses can be found via http://www.superrich.co.th. or just google superrich + thailand. They also give all exchange courses live on the Internet. If you want to know how the Euro compares to the Dollar, look up http://www.goyax.de. The Baht is linked to the US Dollar. Don't forget the time difference between Europe and Thailand (this for working hours) and that the banks (so also this info) don't work on Saturdays and Sundays - banks are closed then. Have fun. Have you ever tried to get 500 Euro banknotes from ABN-AMRO? TIP. Start about 3 weeks in advance, because ABN-AMRO has a problem with that. ABNAMRO Banks do NOT have 500 Euro notes in cash. So pay attention.

  3. Fred C.N.X says up

    Yes Jack, no problem at all to exchange 500 notes here at the bank, the advantage of 500 Euro notes is that you are a bit less heavy than smaller denominations;) Saves a lot of hard work!

  4. Gert says up

    I have been carrying a few thousand euros in 500 and 200 notes for years. Never had any problems at the banks and exchange offices

  5. b says up

    Don't exchange at suvarnabumi airport or a little bit… for starters, the exchange rate is really not good there compared to other places.

  6. pascal says up

    @Peter . 500€ suspicious, it just depends on how you look at it. Under 10K euros normally no problem, even if that is 20 notes of 500 €. It seems even more suspicious to me if you walk up with 2000 € 5 notes. Well, it will of course also depend on the person and possibly the extra accommodations that someone books. A decent ring with a somewhat large diamond is multiples of that 10K euros, so yes. However, if you, as a 19-year-old, play the big jan there with a rasta haircut and show off your 500 euros, you can of course always ask questions. Furthermore, I have never had to count my banknotes…

    Furthermore, I would exchange them at SuperRich or in an office of a bank or China or Citibank, but that is personal preference.

    • peter says up

      Hi Pascal. I have experienced it myself, notes of 500 are used as a means of payment in the drug environment. Fortunately I was able to discuss where the money came from, but you would only have a few cracks black, then you have a lot to explain. By the way, those 10000 euros that you can take with you, please don't go over it with 1 euro because you're hanging. Some German airports are patrolled with dogs that are trained to find money, so no matter how well you hide it, those dogs will find it!!!

  7. Show says up

    got error; Just to be sure, my response:

    A maximum of EUR 10.000 can be exported freely.
    Large denominations are no problem, sometimes even a better rate.
    For example, see this site: http://yjpattayaexchange.com.

    Large denominations often have to be ordered separately at the bank in NL; can take days.
    Please note: damaged banknotes (tear, missing corner, written on) are regularly refused in Thailand; so take out 30% more than planned, check them one by one, return the wrong ones immediately.

    Tip: if it concerns a larger amount, which may later come back to NL, it is better to transfer by bank. Not only more secure, but the transfer can still be traced and proven years later.
    This prevents suspicion later (when returning money to NL) of black money obtained in Thailand. Thai bank and Thai government can then make it difficult and refuse transfer to NL, among other things.

    • martin says up

      I have your link http://yjpattayaexchange.com. just checked – 17:28. today 24.07. Your rate at the above link was-is 40.65. At the same time, superrich gave a whopping 40.85. That makes a great difference when exchanging 10.000 Euries where this is spoken of as much as 20.000 Baht against you?. So is it worth taking the cheap Pattaya-Bangkok bus to go to Bangkok for a day?.

      • LOUISE says up

        Hi Martin,

        Just had a look at Pattayaexchange = yenjit in soi 5-(immigration) – 40.56 for 1 euro.
        Linda exchange in Bangkok 40.90.
        If you come up with a nice amount, there is always something to trade.
        Both at Yenjit and at Linda exchange.
        You have to check the address on the internet.
        She always has the best rates.
        We have never been there ourselves, but always keep an eye on the rates.

        So Jack, when you arrive in Bangkok, go to Linda exchange with a taxi meter..
        Really saves the world.
        We don't go to Bangkok, just for the exchange, because that is still a maddening maze for us.
        Wonderful holiday.
        Louise

  8. Show says up

    Dear Martin,
    can you please take my money with you, if you are going to exchange money there?
    You get a lot more than I do. We'll split the difference.
    My calculation comes to a difference of 10.000 x 0,2 THB = 2.000 THB (not 20.000).
    But those who don't honor the small,…………… By the way, asking the boss for a larger amount sometimes results in an even better rate at YJ.
    In any case, thanks for the tip Superrich.

    • martin says up

      No problem show. I'll bring you money, or even better, we'll go together. But I am not in Pattaya but in Sa Kaeo province. I had miscalculated-correct. Sorry. Be careful with Superrich. They also have several Branches in the city of Bangkok. Only the head office Radjadamri 2, gives the best rate. So there is also a difference between their branches.

  9. ZAMAN says up

    I have been changing 5 Euro notes for 500 years ... at different banks ... in different cities, including Bangkok ... have never had a problem.

  10. abbink jacobus says up

    Euro notes of 500 and 200 are indeed exchanged, which is also easier, because the notes are copied at many banks and then printed on a form that
    the person redeeming it has to sign, also a copy of the passport is printed with it, so it is easier to exchange a letter of 500 than 50 of 10.

  11. Bram Kieft says up

    All euro banknotes are accepted, but if there is a tear in it or if both halves are put together with adhesive tape, they will not be exchanged
    So it is important to hand in neat banknotes to the bank

  12. janbeute says up

    I wonder , in these modern times , who still takes Euro banknotes on holiday to Thailand .
    An ATM card must of course have money on it and possibly a credit card for emergencies is sufficient in these times.
    I have been living in Thailand for a long time and all my financial transactions go back and forth through internet banking.

    Mvg Jantje.

    • martin says up

      That is quite easy to explain for those people who have not noticed it yet. If you change Euro in Thailand, you always get more, if you buy in the Netherlands, for example, at the GWK Thai Baht. Have you ever tried to transfer 10.000 from the Netherlands (Europe) to Thailand?. I don't think so or she would know this is going to be a problem. We assume that your payment conditions of your bank allow such a large transfer amount at all, but completely apart from the costs for this transaction. And last but not least, you are bound by the exchange rate of the Thai bank. Because payment is made in Bhat and NOT in Euro. I'm sure the bank will exchange your order when the rate is lowest that day. But you may also like to name me a bank that really works in your favor. Since the banking crisis, we all know what a mess they are making with our gels (including your money). Everyone can do it as he/she likes to do it. I prefer to do it with cash = is clearly better with definitely less cost and loss of currency value.

      • Sean says up

        I transfer a large amount (almost 10.000 euros) to my Thai euro account without any problems. When the exchange rate is favorable, I exchange euros to bath. Everything over the internet.

      • KhunRudolf says up

        In recent years up to and including 2013, I have regularly transferred more than 10K euros via ING to my account at Bangkokbank. Didn't experience any problem. Often experienced that what I received as a counter rate per euro was even slightly higher than the rate on the day I transferred the amount. There is no problem at all to transfer amounts much larger than 10K per day from any Dutch bank, if you like. Absolutely no barriers/obstacles are raised, and the costs are all transparent. To do this, go to the relevant website of the bank in the Netherlands, resp. to the site of the DNB as supervisor. Also with great regularity, before I transferred money by internet, previously ordered from the RABO 10K and received it neatly delivered in an envelope in denominations of 500 euros.

        • martin says up

          Just read what I write, namely I said a word about transferring money, so doing a foreign transaction. I am talking about taking money with you and exchanging it in Thailand. It may well be that the costs are clear, but that does not say how high the actual costs have been. With a foreign transaction, there are 2 who pay, the receiver and the sender. You can inquire at the bank or view it in the I-Net. I'm talking about a cost effective way to get Euros to Thailand. The fact that you received more on the day your money was exchanged in Thailand than the value on the day you sent it is only due to the exchange rate. So it could have been much lower? And when it is exchanged is beyond your power. It's different with cash that you carry with you. If the price seems too late to you, just wait a few days. This is not possible with a bank transaction. And because I know when and why and to what extent I need how many Baht, I know when the money may or must be available. I'm also not talking about the fact that ABN-AMRO is being silly. This bank also neatly gives me an Envelope with the requested amount. I'm talking about waiting at least a week for it. That is no different at the RABO. Hardly anyone in the Netherlands carries a 500 or 200 Euro banknote, for the reason that you can hardly exchange it anywhere. Did you also know that no ATM in the Netherlands at NO bank pays out your 200 or 500 banknotes?. One hundred Euros is the maximum and that only at ATMs that are set up inside the bank. These Machines with that Currency have200+500 are not in use by the banks. The Machines Outside in the wall only have a height of 50 Euro. Nice if you want to pin 10.000 there.

          • KhunRudolf says up

            @martin All major banks in the Netherlands have a machine inside their larger branches with larger denominations than outside, namely 100 and 200 euros. At ING and AbnAmro you can withdraw up to 10 K, at Rabo up to 5 K. Request denominations of 500 euros, nothing wrong with that. (No need to pin outside for 10K.)

            In any case, Jack's question can be answered in the affirmative.

            Furthermore: the question you asked was: (quote) Have you ever tried to transfer 10.000 from the Netherlands (Europe) to Thailand?. I don't think so or she would know this is going to be a problem. (End quote)
            So you are talking about a foreign transaction.
            See also what you say further, such as: "Just read what you write."

            • martin says up

              Hello Khun Rudolf. We are chatting and that is actually not allowed. You can ONLY withdraw above 1000 Euro if the bank is open. Then the PIN machine in the bank will be released up to the amount that is desired for a one-off payment of the amount you want-max. 10.000 per day or as much as your account allows. The ABNAMRO is then apparently a small bank, in your opinion, because they do NOT have a single branch where you can withdraw 200 Euro notes. The max. is a 100 Euro note in the machine that is INSIDE. Everything else must be requested (head office) and lasts max. 1 week.
              At 10.000 Euro you have 100 Banknotes of a hundred in your pocket and at 50 Euro you have 500 Banknotes in your wallet. Not very handy, which is why 20 notes of 500 Euros are better, light and less noticeable. Except for the head office (perhaps), NO ABN-AMRO has notes of 200 and 500 in cash, not even in one of their machines. These data are recent from April 2013 and will be made available on request (I-Net) E-Mail by ABN-AMRO, cq. match my experiences in 2013 at various ABN-AMRO branches.

              • Show says up

                Indeed, the ABNAMRO bank employee can temporarily increase the withdrawal limit in the bank on request and then reset it. Supplement: with ABNAMRO internet banking you can also change the withdrawal limit yourself (up to 24 hours in advance of withdrawal).

              • KhunRudolf says up

                @martin, stop it, you are absolutely right, anyway if you receive 10 notes of 500 euros for 50K. Well done. Thanks, Rudolf

    • KhunRudolf says up

      A tourist who takes euros with him in larger denominations receives considerably more ThB for this, and is not confronted or paid, so neither the ATM withdrawal costs in Thailand nor the exchange rate surcharge costs in the Netherlands. There has recently been extensive discussion on this blog about the ins and outs of cash withdrawals from both banks in the Netherlands and Thailand.

  13. Jacob Abink says up

    As for the 500 euro notes, the following, request from the bank, in my case ING, the receipt
    take them with you in case of inspection, once in Thailand I exchange them at the Bangkok bank
    in our case in Ban Phaeng(Isan).
    not encountered a problem yet.


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