Taking out money in thai ATM with foreign ATM card

[stigar]

I gave my thai wife a visa electron from my bank in norway..easy and fast trancastions(2 sec).Anyway..when she take out money the ATM allways charge 220 thai bath..and thats ok..but what i dont understand is that everytime we loose another 500 bath..where is this money going????The bank steeling from me????

Every ATM it happends same shit.

Today i tranfer 16000 thai bath..in ATM could take out 15300...where the heck is the 500 bath????

My friend had a account in bangkok bank..he had about 20.000 bath there...when he went back after 6 months 7000 bath gone...and nowone could explain to him where this money went...anyone else with same experience???

[Halfaboy]

Doesn't your friend have a bankbook ? Using that he can get an overview of the transactions.

[KhunBENQ]

30 minutes ago, stigar said:

Today i tranfer 16000 thai bath..in ATM could take out 15300...where the heck is the 500 bath????

I hesitate to answer because I am only familiar with a normal VISA debit card.

Not exactly knowing what the difference with this VISA electron is.

 

BUT: how does it work to "transfer" Thai Baht to this card issued by a Norwegian bank?

And why would you do that instead of filling up an equivalent amount of Norwegian crowns?

500 Baht COULD be a fee in Thailand for incoming funds to a bank account. But that does not make sense with the 220 Baht ATM fee (foreign ATM card).

You might have found the most expensive way to deduct money by foreign card in Thailand.

 

About the 7000 Baht "vanished": just joining in to previous post.

Highly unlikely that it goes without a trace on the account statement aka. bank book.

Any transactions during the six months?

Still he might be a victim of fraud/skimming (card copied, PIN observed).

 

Two times in seven years I thought something terrible happend.

500 Baht deducted (got SMS).

ALARM!

Until I found that it was the yearly ATM/service fee.

Three banks with internet access.

Not a single Baht gone unknowing in seven years.

Edited March 27, 2018 by KhunBENQ

[stigar]

17 minutes ago, KhunBENQ said:

I hesitate to answer because I am only familiar with a normal VISA debit card.

Not exactly knowing what the difference with this VISA electron is.

 

BUT: how does it work to "transfer" Thai Baht to this card issued by a Norwegian bank?

And why would you do that instead of filling up an equivalent amount of Norwegian crowns?

500 Baht COULD be a fee in Thailand for incoming funds to a bank account. But that does not make sense with the 220 Baht ATM fee (foreign ATM card).

You might have found the most expensive way to deduct money by foreign card in Thailand.

 

About the 7000 Baht "vanished": just joining in to previous post.

Highly unlikely that it goes without a trace on the account statement aka. bank book.

Any transactions during the six months?

Still he might be a victim of fraud/skimming (card copied, PIN observed).

 

Two times in seven years I thought something terrible happend.

500 Baht deducted (got SMS).

ALARM!

Until I found that it was the yearly ATM/service fee.

Three banks with internet access.

Not a single Baht gone unknowing in seven years.

Im tranfer NOK to this account.. get the higest rate when take out then..banktransfer to her thai account takes 2 working days..i check the rate on XE.COM..its updated..if tranfer to her thai bank they charge 500 bath..my issue is that we loose 500 bath everytime we take out money from the ATM..all together 720 bath..NOT just 220 bath..the price for visa electron about taking out money is the same as in a visa card...the only different is that u cant buy things on credit or internett

[Pib]

 

I

Quote

 

gave my thai wife a visa electron from my bank in norway..easy and fast trancastions(2 sec).Anyway..when she take out money the ATM allways charge 220 thai bath..and thats ok..but what i dont understand is that everytime we loose another 500 bath..where is this money going????The bank steeling from me????

Every ATM it happends same shit.

 

Since it's 500 baht each time sounds like your "Norway card-issuing bank" charges a flat-fee foreign transaction fee.

[KneeDeep]

2 hours ago, stigar said:

Im tranfer NOK to this account.. get the higest rate when take out then..banktransfer to her thai account takes 2 working days..i check the rate on XE.COM..its updated..if tranfer to her thai bank they charge 500 bath..my issue is that we loose 500 bath everytime we take out money from the ATM..all together 720 bath..NOT just 220 bath..the price for visa electron about taking out money is the same as in a visa card...the only different is that u cant buy things on credit or internett

Typical card charges;

 

2% would take up around 306 baht. Plus another 40 NOK, equalling 160 baht....you can see where it is going.

 

Find a better way.

 

[KhunBENQ]

2 hours ago, KneeDeep said:

Find a better way.

If the wife has a Thai bank account you could use one of the "new era" transfer services.

I have registered with transferwise and did a "test" transfer some 2 months ago (https://transferwise.com).

The registration takes some effort (uploading scanned documents) but worth it.

 

Today for example you would send 4006 NOK and about 16001 THB would be credited to the Thai bank account within two days (no additional fees).

Edited March 27, 2018 by KhunBENQ

[stigar]

32 minutes ago, KhunBENQ said:

If the wife has a Thai bank account you could use one of the "new era" transfer services.

I have registered with transferwise and did a "test" transfer some 2 months ago (https://transferwise.com).

The registration takes some effort (uploading scanned documents) but worth it.

 

Today for example you would send 4006 NOK and about 16001 THB would be credited to the Thai bank account within two days (no additional fees).

Thank u