In Reply to: Why take so much cash? posted by melbmeg on Sunday, 2. August 2009 at 06:12 Bali Time:
#I guess some people take cash as its gained from 'cash transactions' and banked. You know the plumber/painter/electrician may offer a special price if you pay cash, ie not taxable income.
#It costs au$5 by some banks to make an ATM withdrawal (make sure you withdraw maximum amount, eg au$200 worth is only costing 2.5% in fees). I have found the exchnage rate by the bank to be most comparable to going rate on the streets.
#Some people may be concerned about the 'risk' of fraudulent transactions occurring while using their card overseas.
#Some people may be concerned about losing their card thus losing their funds.
We take some cash and also access our funds via ATM.