Kasikorn and SCB drop internet transfer fees

Visa questions, companies, work permits, employment, insurance, banking and finance, and legal issues.
SPONSORS: Chavalit & Partners : AA Insurance
Post Reply
User avatar
buksida
Moderator
Moderator
Posts: 16585
Joined: Tue Dec 31, 2002 12:25 pm
Location: south of sanity
Contact:

Kasikorn and SCB drop internet transfer fees

Post by buksida » Thu Mar 29, 2018 8:46 am

Is your bank green or purple? If so, you won’t have to pay a pesky 30 baht when transfering money to banks of other colors.

Starting Wednesday, Kasikornbank and Siam Commercial Bank, or SCB, will waive fees for bill payments and internet transfers between different regions and banks.

Customers of both banks can get the free transfers by using their internet banking services or smartphone apps. SCB customers can also make cardless ATM transactions for free.

The Kasikornbank fee waiver will last through year’s end. SCB’s waiver is indefinite.

Before, both SCB and Kasikornbank charged transaction fees of 25 to 35 baht for every inter-bank transition. Users could only transfer money across regions for free five times a month, with every next transaction costing 10 baht.

http://www.khaosodenglish.com/news/busi ... sfer-fees/
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Get out there: On The Road Asia

User avatar
404cameljockey
Ace
Ace
Posts: 1264
Joined: Sat Apr 30, 2016 5:14 am

Re: Kasikorn and SCB drop internet transfer fees

Post by 404cameljockey » Thu Mar 29, 2018 8:30 pm

Kbank's inter-bank charges are 12, 20 and 30 Baht, depending on the time frame you require for funds to hit the other account, and the amount being transferred.

I guess this means free from next Wednesday 4th April?

User avatar
J.J.B.
Guru
Guru
Posts: 917
Joined: Sun Jul 22, 2012 10:03 pm

Re: Kasikorn and SCB drop internet transfer fees

Post by J.J.B. » Fri Mar 30, 2018 1:59 pm

Kasikorn Bank has charged me 35 THB for an ‘immediate’ transfer of 50,000 (their current maximum interbank transfer amount) and 25 THB for an amount of - I think - less than 30,000.
"A man who does not think for himself, does not think at all."
Wilde

User avatar
404cameljockey
Ace
Ace
Posts: 1264
Joined: Sat Apr 30, 2016 5:14 am

Re: Kasikorn and SCB drop internet transfer fees

Post by 404cameljockey » Fri Mar 30, 2018 2:53 pm

J.J.B. wrote:
Fri Mar 30, 2018 1:59 pm
Kasikorn Bank has charged me 35 THB for an ‘immediate’ transfer of 50,000 (their current maximum interbank transfer amount) and 25 THB for an amount of - I think - less than 30,000.
Make what you will of the Kbank online announcement, the exceptions are a bit baffling:

Announcement(s)/ Information
ฟรีค่าธรรมเนียม สำหรับบริการ "โอน เติม จ่าย ทุกรายการ" ผ่าน K-Cyber Banking/K-Cyber for SME วันที่ 28 มี.ค. 2561 เป็นต้นไป
No Fee For Funds Transfer/Top up/Payment via K-Cyber Banking/K-Cyber for SME from Mar 28th, 2018 onwards
ฟรีค่าธรรมเนียม สำหรับบริการ "โอน เติม จ่าย ทุกรายการ" ผ่าน K-Cyber Banking / K-Cyber for SME
เริ่มตั้งแต่ในวันที่ 28 มีนาคม 2561 เป็นต้นไป

หมายเหตุ ยกเว้น - การโอนแบบเงินเข้าบัญชีภายใน 1 วันทำการ (BahtNet) และเงินเข้าบัญชีภายใน 2 วันทำการ (Media Clearing)
ในบริการ K-Cyber Banking / K-Cyber for SME / K-BizNet
- การโอนเงินต่างประเทศ ในบริการ K-Cyber Banking

No Fee For Funds Transfer / Top up / Payment via K-Cyber Banking / K-Cyber for SME
from March 28th, 2018 onwards

Remark : Except - Account crediting within 1 business day (BahtNet) / Account crediting within
2 business day (Media Clearing) via K-Cyber Banking / K-Cyber for SME / K-BizNet
- International Funds Transfer via K-Cyber Banking

User avatar
404cameljockey
Ace
Ace
Posts: 1264
Joined: Sat Apr 30, 2016 5:14 am

Re: Kasikorn and SCB drop internet transfer fees

Post by 404cameljockey » Mon Apr 02, 2018 6:52 am

Just for information, I transferred money online from my KBank account to someone else's account at Bangkok Bank today and the cost was 0 Baht for same day transfer. So it's working but I have no idea of the maximum amount you can transfer free for same day receipt, hopefully at least the previous maximum of THB 50,000.

User avatar
Big Boy
Moderator
Moderator
Posts: 31854
Joined: Fri Nov 04, 2005 7:36 pm
Location: Bon Kai

Re: Kasikorn and SCB drop internet transfer fees

Post by Big Boy » Mon Apr 02, 2018 7:33 am

This is another shot in the foot by the banks. My son deals with a few local businesses, and most of them have multiple bank accounts just to counter the problem. When he has to pay a bill, the company invatiably asks him which bank he's with so the fee can be avoided.

If this becomes a long term arrangement, one bank will suit all.
Season 2017/18 Plymouth Argyle

Points 68; Position 7

hhinner
Ace
Ace
Posts: 1532
Joined: Fri Nov 09, 2012 2:17 pm

Re: Kasikorn and SCB drop internet transfer fees

Post by hhinner » Mon Apr 02, 2018 10:55 am

So where is PromptPay in this? Have the banks decided that PromptPay is an overhead they don't need and might as well make their own transfers free? Or totally unrelated?

Post Reply

Who is online

Users browsing this forum: No registered users and 10 guests