I can confirm that yes there is a local atm withdrawal fee to use transferwise debit card. I am in Thailand now with Thai baht balance in my transferwise account. When I used a Krungsri atm and started to withdraw money it asked me if I will accept the 220 baht fee so I cancelled the transaction. So even though there is Thai baht in my transferwise account, because the card is foreign the Thai bank will charge a foreign card fee. When I use the transferwise app or site to send money from my transferwise balance to my Thai bank account it usually takes only 3 hours. It is a fast, inexpensive option if you have a Thai bank account. If you do not have a Thai bank account then transferwise is not very helpful to withdraw cash inside Thailand because the debit card has high local fees and low withdrawal limits.
TransferWise ATM Mastercard Debit Card
in Jobs, Economy, Banking, Business, Investments
Posted
I can confirm that yes there is a local atm withdrawal fee to use transferwise debit card. I am in Thailand now with Thai baht balance in my transferwise account. When I used a Krungsri atm and started to withdraw money it asked me if I will accept the 220 baht fee so I cancelled the transaction. So even though there is Thai baht in my transferwise account, because the card is foreign the Thai bank will charge a foreign card fee. When I use the transferwise app or site to send money from my transferwise balance to my Thai bank account it usually takes only 3 hours. It is a fast, inexpensive option if you have a Thai bank account. If you do not have a Thai bank account then transferwise is not very helpful to withdraw cash inside Thailand because the debit card has high local fees and low withdrawal limits.