Managing money in Phuket is easy once you know where to exchange currency and how to use ATMs and digital payment options. The official currency is the Thai Baht (THB), and while credit cards are accepted in larger hotels, shopping malls, and restaurants, cash remains the preferred method of payment for local markets, street food vendors, and small businesses.
To get the best exchange rates, avoid airport exchange booths and instead head to trusted money changers like Super Rich Thailand, Vasu Exchange, or Siam Exchange. These places typically offer better rates than banks or hotels. ATMs are abundant throughout Phuket, but most charge a withdrawal fee for international cards, so it’s a good idea to withdraw larger amounts to reduce fees.
Digital payments are becoming more common in Phuket, with apps like PromptPay, Rabbit LINE Pay, and Alipay being widely accepted. For more details, visit our Money & Currency Guide for Phuket.
Currency in Phuket
The official currency of Thailand is the Thai Baht (THB, ฿). Banknotes come in 20, 50, 100, 500, and 1,000 baht denominations, while coins are available in 1, 2, 5, and 10 baht denominations, as well as 25 and 50 satang (though satang coins are rarely used).
Exchange Rates
Exchange rates change daily, so it’s recommended to check current rates before exchanging money. Websites like SuperRich Thailand and Bangkok Bank provide up-to-date information on exchange rates.
Best Places to Exchange Money
Currency Exchange Counters
Independent currency exchange counters typically offer better rates than banks or airport kiosks. Some of the best-rated money exchange services in Phuket include:
- SuperRich Thailand (green & orange branches) – Known for offering some of the best rates in town.
- Vasu Exchange – A popular choice for fair rates and good service.
- Siam Exchange – Conveniently located near major tourist attractions.
- X-One Currency Exchange – Competitive rates near Sukhumvit.
Tip: Always bring your passport when exchanging money, as it's required by Thai law.
Airport Currency Exchange
Currency exchange services are available at Phuket International Airport (HKT), but the rates are usually less favorable. For better exchange rates, it's recommended to exchange a small amount at the airport if needed urgently and then exchange the rest in the city where rates are more favorable.
ATM Withdrawals in Phuket
ATMs are easily accessible throughout Phuket, including in shopping malls, convenience stores, and transport hubs. Most ATMs accept international debit and credit cards, but note that foreign cards incur a 220 THB transaction fee per withdrawal.
Tips for ATM Use:
- Use ATMs from local banks like Bangkok Bank, SCB, or Krungsri for reliability.
- Withdraw larger amounts to minimize the number of transactions and fees.
- Choose ‘Without Conversion’ to avoid unfavorable exchange rates from Dynamic Currency Conversion (DCC).
Digital Payments & Credit Cards
Credit & Debit Card Usage
Major international credit cards like Visa, Mastercard, and Amex are widely accepted in Phuket's hotels, malls, and restaurants. However, many smaller businesses, local markets, and street vendors prefer cash.
Mobile Wallets & Contactless Payments
Digital payments are on the rise in Phuket with popular apps like TrueMoney Wallet, Rabbit LINE Pay, and PromptPay. Apple Pay and Google Pay are also accepted at many international stores and chain restaurants.
Essential Money Tips for Travelers
- Avoid large denomination bills – Small vendors and taxis may struggle to provide change for 1,000 THB notes.
- Carry cash for street markets and small businesses – Cash is often required in local markets, tuk-tuks, and street food stalls.
- Watch for hidden fees – Some banks charge additional fees for currency conversion, so always compare rates.
- Avoid street currency exchanges – Stick to reputable exchange counters to avoid scams.
Knowing how to manage money in Phuket will help you have a smooth and stress-free trip. Whether you’re exchanging money at the best rates, withdrawing cash from ATMs, or using digital payment options, being prepared will allow you to enjoy your stay without financial concerns. Keep these tips in mind and have a great time in Phuket!
