Brunei - Brunei Dollar - Currency Guide

BND News, Forecasts and Trends

Travel, Currency and Money saving tips for Brunei

A tiny nation on the island of Borneo, Brunei is a tropical sultanate with one of the world's highest standards of living. The backbone of Brunei's economy is oil and gas and the Sultan of Brunei is, famously, one of the richest people in the world with an estimated personal wealth of around 40 billion dollars. Per capita GDP is far above most other developing countries, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services, housing, education and subsidizes daily needs like rice.

Do I need a Visa for Brunei?

You can get a visa on arrival for transit (up to 72 hours) and single and multiple entry. You'll need to pay the visa fee in cash in either Brunei or Singapore dollars. There is a money changer in the arrival hall of the airport beyond the immigration control point, but no ATMs or other banking facilities at the airport.

The local currency is the Brunei dollar (BND). Singapore dollars can be used and have the same value as the BND. Credit cards are accepted at most establishments.

How do I get around in Brunei?

There are no domestic flight destinations within Brunei, nor are there any train services. Brunei's limited public bus system, run by a variety of companies, is erratic and rather chaotic. Buses operate daily from 6.30am to about 6pm and after 6pm, your options are taking a cab or walking.

Water taxis can be hailed from just about anywhere on the BSB waterfront if your destination is near the river, such as Kampung Ayer. By far the fastest (and most thrilling) way to get to Bangar and Ulu Temburong National Park from BSB is by speedboat ferry. Driving is on the left, as it is in all three countries that comprise Borneo. The Pan Borneo Hwy is well paved in most cases and runs all along Borneo's northern coast, from Sematan in Sarawak's far west via Brunei to Tawau in the southeast corner of Sabah.

Despite the tropical climate, it should be remembered that Brunei is an Islamic country and you should dress and behave with respect to the local customs. The sale of alcohol is prohibited and although non-muslims may import a limited amount of alcohol, it must be declared at customs and consumed in private. The local currency is the Brunei Dollar (BND), which is pegged to the Singaporean dollar which is also accepted currency in Brunei. Credit cards are widely accepted and ATMs common in cities and towns, though they may not all accept foreign credit/debit cards.

Brunei is officially an Islamic state, with hundreds of large beautiful mosques across the country. Bringing in meat, (other than seafood) which has not been certified "halal", (slaughtered according to Islamic law), is also banned.

Travel money for Brunei

Save money and time by Ordering your Brunei Dollars online from Travelex, you get better rates and can pick up the BND cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Brunei Dollars otherwise you may get much worst exchange rates.

Send Money to Brunei - Best Rates

To get a good (and fair) exchange rate when sending money to Brunei you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.

Get a better deal for foreign transfers to Brunei

When sending money to Brunei it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

1. Open an account with a BER reviewed FX provider (id docs may be required)
2. You specify the local or Brunei Dollar amount you want to transfer
3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
4. Once your funds are received by the provider the converted BND amount will be transfered to the recipient account you specify in Brunei.

Use the above Send to Brunei Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Brunei Dollars deposited into the recipient bank account and less margins and fees kept by the banks!