Do I need to bring cash to Taiwan?

Navigating Taiwan: To Cash or Not to Cash? A Practical Guide

Taiwan, a vibrant island nation brimming with bustling cityscapes and ancient traditions, offers a fascinating blend of modernity and old-world charm. As you plan your trip, a common question arises: Do I need to bring cash to Taiwan? The answer, like much of Taiwanese culture, is nuanced.

The good news is that Taiwan’s urban centers have largely embraced the convenience of cashless transactions. Credit cards, particularly Visa and Mastercard, are widely accepted in major department stores, restaurants, hotels, and tourist attractions. You’ll find it easy to swipe your card for meals, souvenirs, and transportation within Taipei and other major cities.

However, venturing beyond the modern facade reveals a more traditional side. Taiwan is known for its vibrant night markets, bustling street food stalls, and charming local shops. It’s here that you’ll often find the preference for cash reigns supreme.

Imagine strolling through a night market, the aroma of stinky tofu and bubble tea filling the air. You spot the perfect souvenir or crave a delicious street snack. In many of these smaller, family-run establishments, cash is king. Credit card processing fees can be a burden for these vendors, making cash transactions a much simpler and preferred option.

Therefore, while you can certainly rely on your credit card for larger purchases and in more established businesses, carrying some Taiwanese dollars (TWD) is essential for a smooth and authentic experience. Here’s why:

• Night Markets: As mentioned above, these vibrant hubs of Taiwanese culture are largely cash-based.
• Street Food: Indulging in the delicious street food is a must-do in Taiwan. Keep some small bills handy for these quick and affordable bites.
• Smaller Shops and Restaurants: Family-owned businesses and local eateries often prefer cash.
• Transportation: While the EasyCard (a rechargeable transportation card) is convenient for public transport in major cities, cash may be needed for local buses in smaller towns or taxis.
• Temple Donations: Visiting temples and making small donations is a common cultural practice.

So, how much cash should you bring?

This depends on your travel style and itinerary. If you plan to spend most of your time in major cities and dine at larger restaurants, you can probably get away with carrying less cash. However, if you intend to explore local markets, sample street food extensively, and venture beyond the urban centers, you’ll need more.

A good starting point is to exchange enough currency to cover your first few days of incidental expenses, such as transportation, snacks, and small purchases. You can then replenish your cash supply at ATMs throughout Taiwan, which are readily available and generally accept international cards.

Tips for managing cash in Taiwan:

• Withdraw Taiwanese dollars at ATMs after arrival: This is often the most cost-effective way to obtain local currency.
• Break down larger bills: Many smaller vendors may not have change for large denominations.
• Keep your cash secure: Be mindful of your surroundings and use a secure wallet or money belt.
• Budget accordingly: Estimate your daily cash needs based on your planned activities.

In conclusion, while Taiwan is increasingly embracing cashless transactions, carrying some Taiwanese dollars is crucial for a well-rounded and hassle-free trip. By striking a balance between credit cards and cash, you can fully immerse yourself in the rich culture and diverse experiences that Taiwan has to offer. Happy travels!