Bank Commonwealth, which is related to the Commonwealth Bank in Australia, is opening a series of its ‘FX’ shops that will account holders of any Australian bank to exchange money and withdraw from the ATM.
Bali has a mulitude of banks, ATM’s and moneychangers already, but the advantages of this one are that its not a ‘cattle call’, like BNI or one of the local banks. I often see tourists walking along the street comparing rates and moneychangers. Some offer a higher rate with a commission, others al ower rate, with no commission. In all honesty it works out the same, and the people offering the ridiculously good rates, are the little scumbags who will try to steal your money, during the process of counting it. I recommend going to a large established money changer, like the Central Kuta moneychanger at the bottom of Jl. Legian, or the one next to Spaghetti Jazz in Seminyak, you won’t get ripped off there.
FX Shop locations:
FX Shop Legian
JL. Legian No. 137,
Legian
FX Shop Kuta
JL. Dewi Sartika No. 8,
Komplek Kuta Centre,
Blok A III no. 8,
Kuta
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