Belize On A Budget: Planning Your Cash Needs

Belize is a small Central American country that uses the Belize Dollar (BZD) as its official currency. However, US dollars are widely accepted across the country, with some sources stating that US cash is accepted everywhere. The Belize Dollar is pegged to the US Dollar at a rate of 2 BZD to 1 USD.

When it comes to how much cash to bring to Belize, it largely depends on your spending habits and needs. It is recommended to bring a combination of US cash, including some smaller denominations such as $1s, $5s, $10s, and $20s, as some places may not have change for larger bills. ATMs are available in major tourist towns and urban centres, but it is advised to inform your bank before travelling to avoid any issues with withdrawals. Credit cards are also accepted in some establishments, mainly in larger restaurants, supermarkets, and bars.

US dollars are accepted in Belize, but not US coins

If you're travelling from the US to Belize, you don't need to worry about exchanging your US dollars for Belize dollars, as the Belize Dollar is pegged to the US dollar at a rate of 2:1. This means that two Belizean dollars will always equal one American dollar, so you won't need to calculate exchange rates.

While US dollars are widely accepted in Belize, US coins are not. So, if you're planning to use US currency during your trip, make sure to bring notes rather than coins. It's also worth noting that you'll likely receive your change in Belize dollars.

When travelling to Belize, it's recommended to bring a combination of US cash, including some $50 notes and mostly smaller denominations such as $20, $10, $5, and $1 notes. It's also a good idea to separate your cash so that you're not carrying it all in one place. Smaller bills are more widely accepted than large ones, especially in villages, boutique shops, and restaurants, as they may not have enough change for large bills.

Additionally, it's important to ensure that your bills are in good condition, as some places in Belize won't accept bills that are bent, torn, or worn.

In terms of how much cash to bring, this will depend on your spending habits and the duration of your stay. It's recommended to bring enough cash to cover small purchases, such as souvenirs, snacks, and drinks, as well as for tipping. For a week-long trip, some travellers suggest bringing around $100 USD per day for meals and drinks, in addition to using a credit card for larger expenses like accommodation and excursions.

ATMs can be found in Belize, particularly in bigger towns and tourist areas, and they usually accept foreign cards. However, keep in mind that you will be charged a fee for international card withdrawals, and there may be daily limits on withdrawals. It's also a good idea to inform your bank before using your card in Belize to avoid any issues with your card being blocked.

Belize law allows individuals to bring a maximum of $5,000 USD into the country, and you must declare the total amount of currency you're bringing if it exceeds this amount.

Belize dollars are not accepted outside of Belize

ATMs in Belize typically dispense Belize dollars and accept foreign cards, including Visa, Mastercard, Plus, and Cirrus. However, they may charge a fee for each use and enforce a withdrawal limit per day, usually around 500 BZ$. Banks that are part of the Global ATM Alliance, such as Bank of America, Deutsche Bank, Barclays, BNP Paribas, and Scotiabank, do not charge a fee for cash withdrawals at ATMs of other alliance members.

Credit cards are another safe way to carry money in Belize, as they provide a record of your expenses and generally offer good exchange rates. Most major credit cards are accepted, although Mastercard and Visa are more widely accepted than American Express, especially by smaller businesses. It's a good idea to carry more than one card, as a backup in case one doesn't work.

If you do choose to bring cash, it's recommended to bring a mix of US dollars and Belize dollars. This will ensure that you have the correct currency for establishments that only accept one or the other. Keep in mind that smaller establishments may only take Belize dollars, while larger hotels, restaurants, and shops typically accept US dollars as well. Additionally, prices may be listed in US dollars, and you may receive your change in either US dollars or Belize dollars.

When planning your trip to Belize, be sure to notify your bank and credit card company that you'll be travelling abroad. This will prevent any issues with foreign transactions. Additionally, be aware of any fees or charges that may be incurred when using your cards internationally.

ATMs are available in most major towns in Belize

When travelling to Belize, it is important to consider how much cash to bring. While credit cards are accepted in most major centres, such as Belize City, it is not something you can entirely depend on.

It is worth noting that ATMs in Belize only dispense Belize dollars (BZ$) and may charge a fee for each transaction. Additionally, there is usually a withdrawal limit of around BZ$500 per day. While US dollars are accepted everywhere in Belize, it is recommended to carry smaller denominations, such as $20s, $10s, $5s, and a few $1s, as some places may not have change for larger bills.

Some travellers suggest bringing a combination of US cash and relying on ATMs for additional funds. This way, you can avoid carrying large amounts of cash and can adjust your budget as needed.

It's a good idea to notify your bank and credit card company before travelling to Belize

When travelling to Belize, it is a good idea to bring a combination of US cash and credit cards. US dollars are accepted everywhere in Belize at a rate of 1 USD to 2 Belize dollars (BZE). However, while credit cards are accepted in Belize, especially in tourist areas, cash is the more popular option. Therefore, it is a good idea to notify your bank and credit card company before travelling to Belize.

Credit card companies monitor cardholders' accounts for any unusual or suspicious activity. If they see a charge from a location away from home, they may flag this as suspicious and decline the charge. By letting your credit card company know where you're going and for how long, you can avoid this inconvenience. This is especially important if you are travelling internationally, as you may have trouble making an international call to your bank if your card is declined.

You can notify your credit card company about your travel plans over the phone, online, through a mobile app, or in person. It is recommended that you set a travel alert for each credit card you plan to use, even if it is only for emergencies.

In addition to notifying your credit card company, it is also a good idea to bring a combination of US cash and credit cards to Belize. While credit cards are accepted in some establishments, you may need cash for smaller purchases, such as beer, snacks, and tips. It is recommended to bring a mix of denominations, including $50, $20, $10, $5, and $1 bills. Separating your cash and carrying it in different places is also a good safety precaution.

Credit cards are accepted in most hotels, restaurants and shops

Credit cards are accepted in most shops, businesses, hotels, and restaurants in Belize, especially in tourist areas. Major global providers like Visa and Mastercard are commonly accepted, and American Express, Diners Club, and Discovery cards will also likely be accepted. However, it is worth checking with your bank or card provider that Belizean dollar currency conversion is supported, and that card machines and ATMs in Belize support your card type.

Using a credit card in Belize works in the same way as in your home country. You will need to confirm the transaction amount, tap, insert, or swipe your card, enter your PIN if prompted, and wait for the payment to be authorised and the receipt to print. It is recommended that you keep your receipt for your records and reconcile your credit card statement.

It is worth noting that using a credit card in a foreign currency like the Belizean dollar will incur several fees, including FX margins, currency conversion fees, and foreign exchange fees. These fees are charged by your credit card company, bank or card provider, and the ATM network (if withdrawing cash). Unless your credit card is designed for international spending, these fees can add up to a significant amount.

As such, it is recommended to have a combination of US cash and credit cards when travelling to Belize. US dollars are accepted everywhere in Belize, at a rate of 1 USD to 2 BZD. It is recommended to bring a few $50s, mostly in smaller denominations such as $20s, $10s, $5s, and a few $1s. Separating your cash so you are not carrying it all in the same place is also advised.

ATMs are available in Belize, particularly in cities and towns, and can be used to withdraw cash or get cash advances on Visa and Mastercard credit cards. However, it is not advisable to rely on ATMs as your primary source of cash.

Frequently asked questions