There are only 4 ATMs on the entire island for the 16,000 inhabitants plus tourists, and when they run out of cash, they are not refilled until the next business day. On weekends and holidays it is even worse, as the ATM's might go several days without being refilled. On paydays one will also see very long lines at the ATM's, and be aware that not every ATM accepts every card. One might only accept cards with the Visa logo, and not the MasterCard logo, so before standing in line for two hours, be sure it accepts your card. Also, be prepared for a very long wait in line, as many Boracay natives seem to do all their banking at the ATM, spending what seems like an unusual amount of time at it.
The best solution is to bring travelers checks or plenty of cash. Also, many establishments, including the tricycles, cannot break a bill over 500 peso (around $10), so it pays to always have small bills.
Foreign money (US dollars, Euros, Korean Won, Japanese Yen) can be exchanged in the back of the combined supermarket and travel agency just south of boat station 2.
The best solution is to bring travelers checks or plenty of cash. Also, many establishments, including the tricycles, cannot break a bill over 500 peso (around $10), so it pays to always have small bills.
Foreign money (US dollars, Euros, Korean Won, Japanese Yen) can be exchanged in the back of the combined supermarket and travel agency just south of boat station 2.
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