I agree with the above comments. I have had SCB for two years and UOB for a few months. I am quite satisfied with SCB, especially the update to SCBeasy online banking (although I think the security might be better). I have three accounts with them -- current, savings, and my daughter's savings (which gives her an ATM card), as well as two credit cards. The credit cards can be set up for automatic payment. I think all the other bill paying options are similar to other banks -- utilities (True, UBC, Met Power) and mobile topup. If you bank at a major branch (I go to SCB Plaza at Ratchayothin) I have a good relationship with one of their financial services reps, so she is helpful in linking other services (such as SCB's auto insurance) and the better interest-bearing instruments (Thai bonds pay about 3% or so). My wire transfers from the US are quick and worry-free. I've had good service in cancelling lost ATMs and getting replacements. But like most Thai bureaucracy, getting set up for accounts still requires the usual paperwork.
SCB's branch/ATM coverage is as good as the rest, but as noted above, BHT20 is charged for ATM withdrawals, outside of your home area.
SCB is also the oldest bank in Thailand (100 years) and was set up by King Chulalongkorn. I've heard that HM Rama 9 still has significant financial interest in the bank, so certainly has a reputation to uphold.
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What About Thai Banks?
in Jobs, Economy, Banking, Business, Investments
Posted
I agree with the above comments. I have had SCB for two years and UOB for a few months. I am quite satisfied with SCB, especially the update to SCBeasy online banking (although I think the security might be better). I have three accounts with them -- current, savings, and my daughter's savings (which gives her an ATM card), as well as two credit cards. The credit cards can be set up for automatic payment. I think all the other bill paying options are similar to other banks -- utilities (True, UBC, Met Power) and mobile topup. If you bank at a major branch (I go to SCB Plaza at Ratchayothin) I have a good relationship with one of their financial services reps, so she is helpful in linking other services (such as SCB's auto insurance) and the better interest-bearing instruments (Thai bonds pay about 3% or so). My wire transfers from the US are quick and worry-free. I've had good service in cancelling lost ATMs and getting replacements. But like most Thai bureaucracy, getting set up for accounts still requires the usual paperwork.
SCB's branch/ATM coverage is as good as the rest, but as noted above, BHT20 is charged for ATM withdrawals, outside of your home area.
SCB is also the oldest bank in Thailand (100 years) and was set up by King Chulalongkorn. I've heard that HM Rama 9 still has significant financial interest in the bank, so certainly has a reputation to uphold.