Money & Banking

Money & Banking

Paying for things in Krabi is relatively easy.


Major foreign currencies are easily exchanged at banks during working hours. Bank branches at the Big C and Tesco Lotus malls (6 to 7 kilometers outside Krabi Town on the way to the airport) are open in the evenings and on weekends, but in Krabi Town, Ao Nang, and Koh Lanta, banks keep regular hours: 08:30 to 15:30.


The Baht is freely exchanged with few restrictions, and the rate changes according to market forces. Make sure you are up-to-date on the current rates. Licensed moneychangers do not exist, but some guesthouses and most hotels will exchange major currencies ($, €, ¥). Their rates will be as good as the bank rate.


The Internet services (like the one on this page) normally show a mid-rate. This will not be the same as the bank rate, which comes in two forms: buying and selling—buying is the rate the bank pays you for your foreign currency. You will only use the selling rate when you leave Thailand and want to exchange your Baht for a home country currency.


All the major banks provide ATM services in each district town center and most tourist areas around Krabi. For each cash withdrawal (using both credit and debit cards), a charge of Baht 180 is applied, regardless of the amount. Therefore, the larger the amount withdrawn, the lower the percentage charge is. Other bank charges will depend on the rules and rates of the cardholder’s issuing bank or card company.


Visa and MasterCard are accepted in the larger hotels. Major hotels will also accept American Express and JCB cards. Most shops will not accept American Express and many will charge a 3% service charge on the total bill for all credit card transactions (in spite of this being against the rules of the card companies).


For security reasons, it is best to use ATM machines located in front of a bank branch. There have been a few incidents of ATM fraud, but they were quickly dealt with, and currently there are no problems.


Thai currency notes comes in various washed-out colors and sizes, reducing in size as the amount decreases: 1,000 (grey); 500 (purple); 100 (red); 50 (blue); and 20 (green).


Small shops often cannot make change for the 1,000 Baht bill.


The coins are: 10 (round silver with bronze center), 5 (octagonal – 8 sides); 2 (confusing as almost the same size as the 1 with an old silver version and a new bronze version); 1 (silver); 50 satang (0.5 Baht bronze); and a tiny, seldom used 25 satang.


The major banks (all with ATM machines linked on an integrated system) are:


  • Bangkok Bank (Thanakan Krungthep)
  • Siam Commercial Bank (Thai Panit)
  • Tanachart Bank
  • Ayudhaya Bank (Krung Sri)
  • Thai Military Bank (TMB – Thahan Thai)
  • Thai Farmers Bank (KB – Kasikorn)
  • Krung Thai Bank


There are other banks and financial organizations that offer services to Thais (like an Islamic Bank, Thai Savings Bank, Agricultural Bank, Tisco), but don’t have services for foreigners.


On arrival at Krabi airport, Terminal 1 has bank counters and ATM machines (ATM's also in Terminal 2).


On departure, the Baht is difficult to exchange outside the region, so complete your transactions before you leave Thailand. Suvarnabhumi International Airport in Bangkok can exchange a much wider range of currencies.

5 Banknotes & 5 Coins