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Holiday Money

South Wales, UK
Level Contributor
55 posts
24 reviews
Holiday Money

Does anyone know if there is any restrictions on the amount of cash you can bring into KL. We were going to have £800 changed in to Rinnigts instead of changing travellers cheques all the time.

Cheers

Coventry, United...
Level Contributor
525 posts
17 reviews
1. Re: Holiday Money

Hi

Malaysia has a restriction of 1000MYR per person for taking in or bringing out of the country. This is about £160 each at the moment. You need to declare the amount on the customs card you will be asked to complete on the plane so if you want to take more its at your own risk.

You are allowed to take as many UK £ as you like but you will also need to declare the amount on the customs form.

Money changers usually give good rates of exchange for cash so if you intend to carry that amount, would recommend you take 1000MYR each to tide you over & rest in UK £.

Hope this helps.

Norfolk, United...
Destination Expert
for Chaweng, Ko Samui
Level Contributor
37,876 posts
386 reviews
2. Re: Holiday Money

Hi

Malaysian Currency Exchange Control Order (Import and Export) (General) 1998 states:

Non-resident Travellers is allowed to import; Ringgit Malaysia not exceeding RM1,000 each adult; and any amount in foreign currency and travellers’ cheque, but must be declared in IMM26 form if the total amount exceeded USD10,000.

Never take more than 1000myr per adult into Malaysia. Chances of being stopped are slim especially if you walk confidently through the green channel, but only you can decide whether to chance it or not. Don't worry about not being able to take much in, 1000myr goes a long long way! Then use the credit card for purchases in shops, ATM for topping up your cash.ATMs to get out cash as needed - usually use Maybank or Public Bank with no problems as long as you tell your bank before you go.

Changing up cash is really easy, they all offer pretty similar rates [banks, money changers etc] to be honest, you might gain a few cens here and there, but on the whole it won't be much. Hotels will tend to charge more commission. Taking your ATM or credit card to take out money will usually give, but you must let the bank know beforehand.

Never block your credit card before you go, emergencies happen!! Be sensible when using any cards, look out for 'scammers' on ATM or card reading machines. You are equally as likely to be targeted for card fraud at home. Credit cards are an essential travel accessory now a days, but you need to follow basic security rules and NEVER let the card out of your sight and also ring you bank and tell them you are travelling so they don't block it. Some banks block cards even if you have told them as a computer makes the decision and does not look at your file notes, so take a contact number to ring and get it released as well for emergencies.

Travellers’ cheques do work well. Banks and money changes in most built up places - but shop around for rates.

A mix of all methods is a great balance.

Coventry, United...
Level Contributor
525 posts
17 reviews
3. Re: Holiday Money

Definitely agree about informing your bank/CC company if you intend to use your cards abroad as mine were stopped last year in KL, even though I had emailed my bank.

4. Re: Holiday Money

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