While UnionPay offers a potential solution for financial transactions in Bali, its functionality is not universal and requires careful navigation. Here's what you need to know:
ATM Withdrawals:
BCA Banks: BCA banks are generally reliable for withdrawing cash with UnionPay cards. However, there have been reports of withdrawal limits, often around 2.5 million IDR per transaction. Consider making multiple smaller withdrawals if needed.
Mandiri Banks: Mandiri banks also seem to work with UnionPay, although experiences may vary.
Other Banks: Success with other banks, like BNI or Maybank, appears less consistent.
Tips for ATM Withdrawals:
Withdrawal Limits: Be aware of potential withdrawal limits imposed by both the ATM and your issuing bank. Start with smaller amounts to test functionality.
Card Type: Choose "Savings" account when prompted at the ATM, as "Checking" or "Current" may not work.
Multiple Attempts: If one ATM doesn't work, try another, preferably from a different bank.
Payment for Goods and Services:
Acceptance: UnionPay acceptance varies greatly across merchants. Larger stores and establishments with BCA or Mandiri terminals are more likely to accept it.
Smaller Stores: Smaller stores or warungs may not accept UnionPay, so having cash on hand is advisable.
Online Payments: UnionPay's online functionality is limited. Booking accommodations or services online may require alternative payment methods.
Alternatives to Consider:
Cash: Carrying sufficient cash, especially USD, remains a reliable option.
Local Bank Account: Opening a local bank account can offer greater financial flexibility and access to local payment systems.
Cryptocurrency: Cryptocurrency can be exchanged for cash locally, but its use for direct payments is limited.
Remember:
Always have a backup plan: Don't rely solely on UnionPay; have alternative payment methods available.
Research and plan ahead: Check with your bank about any restrictions or fees associated with using UnionPay in Bali.
Stay informed: Be aware of evolving situations and any changes in regulations or acceptance of UnionPay.
By understanding the nuances of using UnionPay in Bali, you can navigate your financial transactions more effectively and ensure a smoother travel experience.