This was shown on the Stickman site:
http://www.scb.co.th/img/th/rate/fees-atm-en.pdf
150 baht fee to be charged to foreign ATM cardholders
I have a Swedish Visa Debitcard, but was still charged 150THB as well. i have, however, heared that other have been more sucessful with the same ATM, so next time I am going to try my Mastercard from another bank..hhfarang wrote:The Bank of Ayudhya one there (the yellow one on the extreme left) charges me 150 baht. I'd be interested to see if it is the same for you or if it is just picking on me (like everything else in Thailand!anyone tried the machines next to Lotus at market village? Does the 15THB apply to any of these as well? I usually by random take out cash from one of these. I think there are like 5 difefrent ATMs next to eachother..
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JimmyGreaves
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- Joined: Mon Oct 17, 2005 5:06 am
- Location: HuaEireHin
Yep the only cash machine I know in HH without a charge and no queues. Well now the secrets out lets see the queues hahhahahahabrianks wrote:Go to Aeon 3rd floor of Market Village. No fee, better exchange rate and higher withdrawal limit. For full explanation check email I wrote to the Stickman published in his weekly on Sunday, Nov. 8.
Diplomacy is the ability to tell a man to go to hell so that he looks forward to making the trip
I can't produce a link, but I thought this was all to do with the Thai banks charging foriegn cards? Thats always how I have understood it?
I always thought the 150 baht charge excessive and dumb in the current climate, as most tourists now use their debit cards abroad and this charge basically doubles what they would otherwise pay in interest. If they have reduced it as appears the case, then that must be a wise move.
As a tourist, I will spend 20 UK pounds transferring a sum of money to my Thai bank account, hopefully just use that banks ATM's, thus avoiding as best I can, any extra charges at all.
If you are living in LOS, why would you want to routinely use a debit/credit card from your own Country in any case?
I always thought the 150 baht charge excessive and dumb in the current climate, as most tourists now use their debit cards abroad and this charge basically doubles what they would otherwise pay in interest. If they have reduced it as appears the case, then that must be a wise move.
As a tourist, I will spend 20 UK pounds transferring a sum of money to my Thai bank account, hopefully just use that banks ATM's, thus avoiding as best I can, any extra charges at all.
If you are living in LOS, why would you want to routinely use a debit/credit card from your own Country in any case?
Talk is cheap
But its not just 15 baht, is it? Thats the Thai bank fee for using the ATM, On top of which is the interest charged by your own bank for withdrawing cash abroad, I believe even Nationwide charge now? I think HSBC do an account where you pay x per month and using the card abroad is free - could be wrong. On my account, the max. I would ever be charged, irrespective of how much I withdraw, is 4 quid, before that is a % rate of what you withdraw and quite a few have a minimum fee. But I don't want to carry around wads of cash, so a one-off fee seems reasonable to me?BaaBaa. wrote:Why would you bother paying the £20 when withdrawals are only 15 baht?
Thats my understanding anyway - be thrilled to be proved wrong!
Talk is cheap
Well yeah, Nationwide are now passing on a 1% fee.
So if you were to draw out 15'000 baht tomorrow (using the rate as of now) the total fee including the 15 baht charge would be £3.14.
So if you're planning on spending upwards of £1615 your way is better.
You could win or lose on the rates but obviously you can't account for that.
Also if you're travelling around Caller you will be still charged a small fee for using the ATM of your bank if it's in a different province, I'm only talking about 20 baht or so.
So if you were to draw out 15'000 baht tomorrow (using the rate as of now) the total fee including the 15 baht charge would be £3.14.
So if you're planning on spending upwards of £1615 your way is better.
You could win or lose on the rates but obviously you can't account for that.
Also if you're travelling around Caller you will be still charged a small fee for using the ATM of your bank if it's in a different province, I'm only talking about 20 baht or so.
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Wanderlust
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Because, in my case, I get a monthly fee (interest) paid into my UK bank and I get interest paid on any positive balance, something that doesn't apply here. Plus I also have a big overdraft facility (not available here) and other benefits from having the UK bank account. I also, at times, need money in the UK so don't want to have the money all paid into a Thai bank every month from that perspective either, as transferring it back and forth as required works out even more expensive. I'm sure there are others who also rely on a monthly income to their home country bank, such as a pension, to whom this applies as well.caller wrote:If you are living in LOS, why would you want to routinely use a debit/credit card from your own Country in any case?
As WL says i have my pension
I could have it paid direct to my Thai bank on the last friday of every month for a fee and then be able to draw on it on maybe the 2ndor 3rd
By having money in my Thai bank i can watch the exchange rate and in most cases mitigate or do better than the 15Bt by drawing when its up and NOT when its down
I could have it paid direct to my Thai bank on the last friday of every month for a fee and then be able to draw on it on maybe the 2ndor 3rd
By having money in my Thai bank i can watch the exchange rate and in most cases mitigate or do better than the 15Bt by drawing when its up and NOT when its down
A Greatfull Guest of Thailand
Caller,
In my case, the ATM is the only way to get the money here. My former company will only deposit my pension into a U.S. bank (even though they are one of the biggest companies in international business; Siemens!
). Bank of America (because of new regulations since 9/11) will not allow international transfers unless you come into the bank in person. I've recently learned that they have a recurring automatic transfer that I could use, but once again to initiate that you have to go into the bank in person.
I haven't been back to the U.S. in over four years so that has not been possible. I am forced to use ATM's at 20,000 baht per pop and pay the Bank of America, Visa, and Thai ATM fees. This costs me over 3% of my monthly pension in bank fees alone.
In my case, the ATM is the only way to get the money here. My former company will only deposit my pension into a U.S. bank (even though they are one of the biggest companies in international business; Siemens!
). Bank of America (because of new regulations since 9/11) will not allow international transfers unless you come into the bank in person. I've recently learned that they have a recurring automatic transfer that I could use, but once again to initiate that you have to go into the bank in person.I haven't been back to the U.S. in over four years so that has not been possible. I am forced to use ATM's at 20,000 baht per pop and pay the Bank of America, Visa, and Thai ATM fees. This costs me over 3% of my monthly pension in bank fees alone.
My brain is like an Internet browser; 12 tabs are open and 5 of them are not responding, there's a GIF playing in an endless loop,... and where is that annoying music coming from?
Like otheres my pension is paid to UK bank.
Transfer lump sum at 20 quid, use bank here to with draw at no fee, if each withdrawal costs 150 baht then its only about 6 withdrawals and you'ver gainedAlso saves hassle if prob;ems with card as there is always cash here
Transfer lump sum at 20 quid, use bank here to with draw at no fee, if each withdrawal costs 150 baht then its only about 6 withdrawals and you'ver gainedAlso saves hassle if prob;ems with card as there is always cash here
The wind blows cold on brake and heath
The weeping willows cry
The mountains dark are jagged teeth
Against a leaden sky.
The weeping willows cry
The mountains dark are jagged teeth
Against a leaden sky.
I am same pension paid into nationwide.
Nationwide charge 1% so 100Bt per 10,000 Bt transaction
Bank of Ayudhaya charge 15Bt per 10,000 Bt transaction
Total cost for one 10,000 Bt transaction = 115 bt
6 transactions a month = 690 Bt @ 55 Bt to the £ = £12.50
Sorry mr lonely (Transfer lump sum at 20 quid,)but you are screwing yourself £7.50
plus you get the rate the day its transfered full stop whereas i can wait a few days here and there and get the better rates
Nationwide charge 1% so 100Bt per 10,000 Bt transaction
Bank of Ayudhaya charge 15Bt per 10,000 Bt transaction
Total cost for one 10,000 Bt transaction = 115 bt
6 transactions a month = 690 Bt @ 55 Bt to the £ = £12.50
Sorry mr lonely (Transfer lump sum at 20 quid,)but you are screwing yourself £7.50
plus you get the rate the day its transfered full stop whereas i can wait a few days here and there and get the better rates
A Greatfull Guest of Thailand