What would be best in terms of taking spending money on holiday to Thailand?

Travelers cheques seem expensive and don't really want to take a wad of currency incase it gets lost/stolen. I was charged £5 every time i withdrew cash from an ATM last time too.

Open a Flexaccount with Nationwide.

They don't charge a penny to withdraw any money abroad and their exchange rate to Baht was very good! There are 100's of cash machines you can use everywhere!

In response to Boo's question... the exchange rate they offered to Baht was really good, almost the same as what was available in Bangkok.

Well you have already stated your 3 options - Cash, Travellers Cheques or ATM.

I personally never use Travellers cheques, the hotels I stay in normally always have safes in them where I put my money if I have a lot with me.

I was in Thailand in January and was always able to find an ATM to get money from - i'm with Nationwide for my banking and they do not charge you for using your card abroad so they may be worth considering a change of bank if you travel a lot.

The best thing to do is change about £10-20 here so you have a little money when you get there but the exchange rate is far better over there. (often by 4-8 bahts per pound.)

Follow peoples suggestions and see about an account with Nationwide. If you don't want to do that just draw out larger sums of money each time and keep what you don't need locked away in you safe.

Have a great time!!

nationwide do not charge for withdrawals-from atms abroad

Go with Nationwide... no charges.

And multiple acounts with multiple debit cards incase one is lost so can transfer money on net and use new card.

Plus cheques and cash.

sorry this is a more of a question than an answer, but the nationwide account sounds great, but do they give you a good exchange rate when you withdraw money? it sounds a bit too good to be true, i wondered if this is how they make their bit?

I never use travelers' cheques. I rely on plastic and a little cash for back-up.

again.....nationwide flexaccount....it's free for foreign atms,and as joey says have multiple accounts.You can use most machines in tourist areas.

Take a couple of credit cards for back-up too

as snife says, you've already mentioned them all. i usually take about a grand in cash then rely on my atm card. have been considering changing over to nationwide for a while now myself.

you can do it anyway you want, but traveler checks give you the highest rate when you exchange it for bahts

I would suggest taking a limited amount of your home currency for exchange, but relying upon ATMs while there. I was never charged a fee for using an ATM in my 10 months in Bangkok. It is possible that your bank is charging you back in the UK. If that is the case, I suggest taking cash, and keeping it in your front pocket. ;)