Jump to content

jgm005

Member
  • Posts

    261
  • Joined

  • Last visited

Posts posted by jgm005

  1. Thanks for helping keep us on point, LM....

    If talking about Capital One is as far astray as we get in this thread, then we're doing 100% better than almost every other thread on TV!!!! :)

    PS - One thing that would be interesting... I'm thinking of opening a new account with Kasikorn, presuming they stay on the NO FEE list... I want to do my Thai banking business with banks that treat me fairly as a customer, in my view.

    If anyone is having in-branch dealings with them now, it would be interesting to talk to one of the branch managers and mention the 150 baht fee issue, and see what they say... As in, trying to get some read of whether they are just SLOW or they're not going to do the fee.

    If it turns out they're not going to do the fee, every time an expat opens a new account with them, we ought to mention, we're doing it in part because they've kept their ATM network free.

    I have had a discussion with both the branch manager (Asoke Exchange Tower) and email contact with head office on their not applying the 150 bt fee. The response I got, sorry to say, was typical. They did not know. I made sure that many folks where following the fact they are not charging the 150bt. Specially with my contact with head office (granted through email)

  2. By way of comparison, I made identical U.S. ATM debit card withdrawals Thursday and Friday nights at Kasikorn with no Thai ATM fee, but the usual 1% Visa cut.

    I got a 35.18 rate on Thursday and a 35.08 rate today/Friday...

    Get a Capital One ATM card and you will not have to put up with that 1% fee!

    capitalone charges the 1% visa and mc fee.. it's widely reported that they do not..but in fact they DO..if you look closely on transactions done in thailand. 1% is dificult to detect..because currency rates often change more than 2-3% in a single day...but if you check the rates on visa's website before you make a purchase and look at the post date...you will see that they NO LONGER ABSORB the 1% fee. Call Customer service and the will give you the deceiving line that "THEY" do not charge any fee...this does NOT mean they eat the 1% visa/mc fee.

    --matt

    I shall politely disagree. To be more specific the ATM Capital One card I have is linked to a money market. I have compared exchange rates, same day within same hour, using the Capital One card against a USA Credit Union Visa ATM card where the 1% is deducted as a separate line item. The exchange rate I received using the Capital One ATM was slightly, ever so, better than the other and there was not the 1% fee hidden or otherwise.

    And the other two people who reported their exchange rate for Saturday after my post you will see that their exchange rate was the same as mine. And for at least one of them they stated what ATM they used which was not Capital One.

  3. Just noticed a bank that has branches in Isaan and rural areas (591 branches) and doesn't seem to be on the Thai Bank Association list - Bank For Agriculture And Agricultural Cooperative (BAAC).

    I don't suppose anybody knows if they do fee-free ATM withdrawals?

    I'll be up at my home in Isaan land later this coming week for the local rocket festival and will give it a try. There is one in Nonsang, Nongbulampoo which is close to the home.

  4. "There is a solution to this, however. For example, if you live here, just call them and ask them to place a note on your file that you're living/working/visiting, etc. in Thailand (or wherever) for XX amount of time. I think the longest period they'll keep the note for is one year. So ex-pat residents may have to renotify them every year or so in order to avoid problems. For travelers, just tell them the duration of your trip before you leave home."

    Exactly ...

    Capital One is very conscious of where purchases are made and any break in a pattern you'll be flagged. This also applies to their ATM on their Money Market account. Which is what I use to fund my Kasikorn Bank account. I call a week ahead of time and give them my travel plans. Bit of a hassle but worth it!

  5. "By the way, I called Capital One to confirm that these fees are still not being charged and they confirmed it. I also found it stated on their website within their FAQ section. This isn't a complete solution to these ATM fees, but it can help reduce how often I may have to pay these fees."

    Been using a Capital One ATM for several years and can confirm there is no fees and the exchange rate was slightly better then my local USA Credit Union ATM.

  6. "Now... you could go to a KASIKORN bank and try your hand at opening a checking account to deposit the money and get an ATM card, but this isnt always so easy and does depend upon your visa and what bank you try, you would also need an address of residence but give it a go because i know some people have had success...."

    I opened up a Kasikorn Savings Account on a Tourist Visa 10 days ago at the branch in the Exchange Tower/Asoke. Done with ease. In and out in 20 minutes. gave my hotel address even though I could of used the house address up in Nongbulampoo. Then went next door to the KTB branch, closed out my two accounts and shoved the money into Kasikorn.

  7. Kasikorn ATM at Espanada Mall at Noon 29/April. NO FEE! Exchange Rate of 35.45. How long it lasts who knows. I hardly doubt they have 'forgotten'. I've already closed out my two KTB accounts and moved to Kasikorn before all this started. KTB Online banking mucked up my ability to use it and when going to a branch they said it'd take 3 days to fix. 3 weeks later it was still messed up. So I took my business to KasiKorn. That's my story and I am sticking to it. Least for now.

  8. I just made a withdrawal from what my online bank calls Thai Farmers Bank and got 20,000 baht and no fee. I did try a Krung Thai Bank atm first and seen a message about 150 baht charge and cancelled the transaction and moved to the next atm machine. Also my bank gave in an exchange rate of 25.28 baht to US dollar.

    If I am not mistaken Kasikorn USE to be Thai Farmers Bank. Bit odd that is still reflects the old name.

    "KasikornBank Public Co. Ltd.

    Established in 1945, KasikornBank is the fourth largest commercial bank in Thailand as measured by total assets. KasikornBank (formerly known as Thai Farmers Bank) provides a broad range of consumer, commercial, and corporate banking services. These include lending, deposit–taking, credit card services, international trade financing, custodian services, asset management, and investment banking services."

  9. Withdrew B15000 at Kasikorn on Saturday. Receipt says zero fee amount. Checked my bank account online and again it does not look like I was charged fee.

    Was at Esplanada Mall today/ 20-April and did a withdrawal from a Kasikorn ATM. Receipt said no fee and checking online back to my USA Capital One Account there was no fee there either nor was the exchange rate reduced due to a fee. I hope this holds true.

  10. According to the Thanchart website, The Thai Bankers Association has decided that cardholders of foreign banks will be charged 150 Baht for each withdrawal by debit or credit card, effective April 17th.

    Not good news.

    I was at MBK today, 18/April. I tried the following ATM machines using a foreign ATM card and was notified there would be a 150 bt surcharge.

    Krung Thai

    TMB

    Siam Commercial

    I then tried Kaskikorn and there was NO fee. Again as of today the 18th of April.

  11. I believe I have done my due diligence in researching the Forum. Least I hope so.

    Has anyone setup or tried to setup doing EFT transfer to the Krung Thai Los Angeles Office?? They do have a Routing Number.

    Bank Name KRUNG THAI BANK, LIMITED

    Location LOS ANGELES, California

    Routing Number 1220-4212-4

    I am familiar with the fact that Bank of New York Mellon holds Krung Thai as an account.

    Thank You In Advance

  12. This is a pretty specific query. I've searched the various forums but have not found anything on it. We have been out from the USA and when we return it will be about 10 months out. The intent when we left was a 3 month stay in Thailand to visit her family but due to an illness with her mom, while we where here, she had to stay on to take care of her and the situation. If we knew before hand we would of applied for a Re-entry permit,

    So when we return in June she will of been out for about 10 months. With everything I've read it is the sole discretion of the immigration officer, upon arrival, to let one back in with a green card and being gone for more then 6 months but less then a year.

    I am trying to avoid any real problem upon our return and was wondering if anyone had any experience with the BKK US Consulate on form DS-117; Application to determine returning resident status. Any pitfalls, dos or don'ts.

    She has been a permanent resident for 8+years now.

    Thank you in advance for any feedback and or advice.

  13. Hi there

    I seem to be stuck in a loop, I am British aged 59.

    I am trying to get a retirement visa, to get this I need to have 65,000 Baht income I have this and it is broken down as 40,000 a month pension and 320,000+ into a bank account in Thailand. The problem I have is that no banks here in Nan province will allow me to open an account without a work permit! They say this has been inforced since the military took control.

    I feel at a loss about what to do, I have telephoned the Immigration 24hr call center and I am waiting to hear back as they will have to look into the matter. If anyone here has any ideas as to what my next coarse of action could be please, please let me know

    Thanks in advance

    Two weeks ago I walked into a Krung Thai Bank, two copies of my passport and opened up a bank account with no problems what so ever. This was in Nongbualampoo (NE Thailand). Aside from sitting around while the paper was shuffled around I had no problem!

×
×
  • Create New...