Travelers trying to get their money changed in Bali run the risk of being fleeced by dishonest money changers. Fortunately, there are a number of establishments where you can change your cash without worry.
Try changing your currency at one of Bali’s more reputable banks, or even better, try using their ATMs to withdraw cash directly from your credit card or bank account.
Hotel front desks often permit currency exchange, but with lower exchange rates compared to banks and money changers.
Best Bali Money Changing Tips:
- Trust only money changers that have been recognized by Bank Indonesia; these establishments advertise their status as Pedagang Valuta Asing Berizin or PVA Berizin (Indonesian for “Authorized Money Changer”) with a green PVA Berizin shield where it can be seen by customers.
- Count your money in the front of the counter before leaving.
- Keep your money safe in a a strapped bag in the front of your body.
- See your butler for further advices.