littlebigman

Hello

Since credit cards aren't as widely used as over here, I'm only allowed to withdraw in the whereabouts of €200/week using my plain Visa, but I'm reluctant to travel with a lot of cash, even to safe Japan... I guess the only option left is that of traveler's checks.

For those who have travelled to Japan recently, is it more interesting financially to have the TC denominated in Euro on in Yen? Are the commissions in Japan very different from bank to bank?

Thank you.

hawaiiantraveler

In yen so you wouldn't have to exchange again when in Japan. But t/c are rarely used in Japan as you note it is a cash society. And I son't think many places other than the large hotels and big stores would take them. Lots of places will take cc though like hotels,ryokans, stores, gas stations and restaurants in larger cities. See here for exchange rates as all Japan banks will be about the same....

http://www.narita-airport.or.jp/exchange_e/index.html

I think now the t/c companies now can set you up with a debit card situation so you don't even have to use the t/c's anymore. I have only seen commercials of this and have never really checked it our but you should if you are planning to use your finances in this way.
Aloha!

Hanuman

I am not a regular traveler to Japan but when I do travel there I carry about 50,000 Yen in cash and make do with credit cards and ATM.

Why would you think carrying Euros in Japan is beneficial?
Why withdraw money from your credit card? Don't you get charge like 3% for cash withdraw and then compound that with exchange charges?
Why such little withdraw limits? 200 Euro per week is nothing!

littlebigman

I don't intend to use TC's directly to pay for purchases, but rather exchange them for cash at banks that support them.

I'm a bit concerned about carrying €1.500 in cash with me

eigasuki

Trying to exchange travelers cheques in japan is a huge pain. You would dfinitely wan to have them in yen, and even so you will probably wait ages while they disappear behind closed doors and do goodness knows what.

As a poster stated above, have cash - stashed in more than one secure location and use an ATM card - post office and Citibank ATMs work, some others. Lots of places, large department stores, hotels etc do take Visa and Mastercard so you should have no need to use TCs. In fact, I have a couple that have done two trips to Japan and never got the chance to cash them.

Paul1950

I'm not sure I quite understand about the 200 euros a week limit on some sort of withdrawal. Do you mean your bank only lets you withdraw the equivalent of 200 euros a week from ATMs using your bank ATM card? That is extremely low--most banks allow more like 200 euros a day.

Anyway, I found that lot of places do take credit cards, though not as many as in Europe and the USA/Canada.

And for cash, ATMs are easy to find (7-11 stores and the post offices do not have additional transaction charges for using their ATMs). Though if your bank does impose a 200 euro per week limit on you for some reason that is a problem.

littlebigman

Yes, the MasterCard and Visa cards I have are basic (no need for more when I'm home) and will only allow cashing out €200/week.

I even got my card blocked by either Visa or the network they rely on while travelling in the US. It's a bit of a pain to have to call home collect to have the parents wire some money because you trusted plastic ;-)

Hence the need to carry money in a different form.

Thanks everyone.

WillJame

And you can't ask them to raise your limit while travelling? They'll usually do that for a specific period of time.

Kathie

Wait, I think others are suggesting you use an ATM or debit card which takes money from your bank account, not a credit card that gives you a cash advance. Cash advances are an exceptionally expensive way to get money. Do you have an account that has an associated ATM card? This is usually the least expensive and most convenient way to get cash.