How to Manage Money in Siargao: Essential Tips for Travelers

Siargao is a stunning island paradise, but if you're not prepared financially, you may run into unexpected costs. From ATM fees to currency exchange rates, here’s everything you need to know about handling money in Siargao to avoid surprises.

Are There ATMs in Siargao?

Yes, there are ATMs across the island, including General Luna, Dapa, and even some areas in the north. However, it is common for many machines to be offline or out of cash, especially during peak season.

Important Notes:

• Revolut card users can only withdraw from BDO ATMs.
• Always have a backup plan, as ATMs are not always reliable.

ATM Fees & Withdrawal Limits

• Most ATMs charge a withdrawal fee of ₱250 per transaction.
• Some foreign banks may add international withdrawal fees.
• Daily withdrawal limits range from ₱10,000 – ₱50,000, depending on the bank.

💡 Tip: Bring multiple debit/credit cards in case one doesn’t work. Also, most restaurants and tourist spots do not accept credit cards, so cash is essential.

Exchange Rates in Siargao: Where to Get the Best Deal

Exchange rates on Siargao are generally less favorable than in bigger cities. If you need to exchange foreign currency, the best rates are usually found in Manila or Cebu before arriving on the island.

Where to Exchange Money in Siargao

• Dapa Port has a few money changers, but rates may not be ideal.
• Palawan Pawnshops and Cebuana Lhuillier offer currency exchange services.
• Some hotels and travel agencies in General Luna exchange currency, but rates vary.
• Airport exchanges tend to have the worst rates and should be avoided unless necessary.

💡 Tip: If bringing foreign currency, exchange it at an official money changer in Manila or Cebu for better rates.

Using Digital Payments in Siargao

Cash is still the main mode of payment in Siargao, but digital payments are becoming more common. Some businesses accept GCash and Maya, two popular e-wallets in the Philippines. However, credit card acceptance is very limited, mostly in high-end resorts and restaurants.

How to Use GCash or Maya in Siargao

1. Set up a GCash or Maya account before traveling.
2. Fund your e-wallet via bank transfer or cash-in at 7-Eleven stores (available in Manila and Cebu).
3. Check with businesses before assuming they accept digital payments.

💡 Tip: You can use Wise to send money to GCash, making it an easy way to pay for services without carrying too much cash or creating a Gcash account.

Hidden Costs to Consider in Siargao

Budgeting for your trip is important, as some costs may catch you off guard. Here are common expenses to factor in:

Common Hidden Costs

• Transport Fees: Vans from the airport to General Luna cost ₱350 per person, while private vans to the north cost ₱1,500 (for up to 4 passengers, with extra fees for additional people).
• Island Entrance Fees: Many attractions, such as Sugba Lagoon, charge small entrance or environmental fees (₱50–₱200).
• Surfboard Rentals & Lessons: Expect to pay ₱500 per hour for board rental and instructor fees.
• Accommodation Deposits: Some hotels require cash deposits upon check-in.
• Price Increases in Peak Season: From October to May, budget accommodations become scarce, and rates rise significantly.

💡 Tip: Carry extra emergency cash, as not all businesses accept card payments, and ATMs may not always be reliable.

Final Money Tips for Siargao Travelers

✅ Bring enough cash to last your trip, especially if heading to less touristy areas. ✅ Use GCash or Maya when possible to reduce reliance on cash. ✅ Exchange foreign currency before arriving in Siargao for better rates. ✅ Withdraw large amounts at once to avoid multiple ATM fees.

By planning your budget wisely, you can enjoy Siargao without financial stress. A little preparation goes a long way in ensuring a smooth and hassle-free trip!