K-Bank, charge to deposit cash in another province?

[bbi1]

Does K-Bank charge you fees if you make a deposit in Pattaya while having your main branch being in BKK? And what about internet banking, if your main branch is in BKK and you transfer to another K-Bank with a branch in Pattaya?

[camble]

Yes for deposits.  Not sure about their transfer fees.

[bbi1]

7 minutes ago, camble said:

Yes for deposits.  Not sure about their transfer fees.

How much do they charge if you deposit in another province?

[NanLaew]

I think all Thai banks charge a commission for counter transactions done at branches of their own bank outside the city where the account is hosted. My experience with Bangkok Bank is I can do a free counter transaction at any branch in Pattaya as the account is hosted at their main branch on 2nd @ 6. If I do a counter transaction at any Udon Thani branch where I now live,  there's a fee. I have used PromptPay on their BuaLuang online banking with no extra charges. Their online banking allows (I think) 5 free transactions per month before they add a service charge to the transaction.

 

[NanLaew]

10 minutes ago, bbi1 said:

How much do they charge if you deposit in another province?

Try checking here

[KKr]

27 minutes ago, bbi1 said:

How much do they charge if you deposit in another province?

I got charged 100 B. by K-bank.
It seems the retail banks have a problem making money, and rip customers off wherever they can.
I took some money from an out of province expired fixed term savings account, (got charged about a thousand Baht plus accrued interest) and deposited part of it back on the checking account at the cost of 100 B.

Great customer service !
So glad to be closing that account down next time I'll be in the other province, and transfer it to another bank close to where I live now.

[NanLaew]

34 minutes ago, KKr said:

I got charged 100 B. by K-bank.
It seems the retail banks have a problem making money, and rip customers off wherever they can.
I took some money from an out of province expired fixed term savings account, (got charged about a thousand Baht plus accrued interest) and deposited part of it back on the checking account at the cost of 100 B.

Great customer service !
So glad to be closing that account down next time I'll be in the other province, and transfer it to another bank close to where I live now.

Before we all go gallivanting off about these 'rip-off' charges, have a look at the regular service charges for similar inter-branch and inter-state transactions in the UK, US or wherever you hail from.

 

In the above instance, 100 baht is a whopping £2.40 which pales against the regular fees levied by high street bank branches in the UK for a somewhat convoluted money shuffle. BTW, I think the OP is more interested in the charges for the more basic current account to current account transaction.

 

For me, the charge of around 50 p that Bangkok Bank 'rips' out my hand when I do an out-of-province transaction is not too much for the sheer convenience of it. I mean I could always drive, fly or catch a bus to the home branch and save me some serious money now couldn't I?

[bbi1]

5 minutes ago, NanLaew said:

Before we all go gallivanting off about these 'rip-off' charges, have a look at the regular service charges for similar inter-branch and inter-state transactions in the UK, US or wherever you hail from.

 

In the above instance, 100 baht is a whopping £2.40 which pales against the regular fees levied by high street bank branches in the UK for a somewhat convoluted money shuffle. BTW, I think the OP is more interested in the charges for the more basic current account to current account transaction.

 

For me, the charge of around 50 p that Bangkok Bank 'rips' out my hand when I do an out-of-province transaction is not too much for the sheer convenience of it. I mean I could always drive, fly or catch a bus to the home branch and save me some serious money now couldn't I?

In the US & UK they also charge you for sending money interstate from when usinng the same bank on both ends, or withdraw from an ATM in another state using the bank's ATM machine? Really? Wow, I thought it was only a Thai thing to rip off customers like that.

Edited November 20, 2018 by bbi1

[KKr]

21 minutes ago, NanLaew said:

Before we all go gallivanting off about these 'rip-off' charges, have a look at the regular service charges for similar inter-branch and inter-state transactions in the UK, US or wherever you hail from.

 

apparently, as proven in the not too distant past, banks in the US and UK and wherever in the Western and Asian hemisphere have financial problems as well.

Great business model, as customers we provide the Banks with raw material (i.e. working capital) to run their business, and we get charged for doing that.
Try that in any other business.
Even the junk yard pays for metal, plastics or carton !!
 

[Pib]

2 hours ago, bbi1 said:

How much do they charge if you deposit in another province?

 

2 hours ago, NanLaew said:

Try checking here

NanLaew's K-bank link above gives the answer.  But for those who are "link clicking" challenged, here's a snapshot of the answer from the K-bank link.  

 

[Peterw42]

I had the same from BKK bank, sold a business in Pattaya and depositing the funds in Pattaya into an account opened in Phuket, 200-300 baht.

I went off my nut as I literally turned up with a suitcase full of money because the Thai buyers wanted to pay cash.

[moana]

4 hours ago, NanLaew said:

I think all Thai banks charge a commission for counter transactions done at branches of their own bank outside the city where the account is hosted

Almost all of them. TMB is the only Thai bank that doesn't play the province games. You can withdraw at any TMB ATM anywhere at no charge, and you can deposit at any TMB ADM/branch anywhere at no charge.

 

It's probably due to TMB - Thai Military Bank - being used by soldiers, who are transferred around a lot (and earn little), but us farangs can enjoy this perk too.

 

BTW, they also offer the best deal of all the Thai banks on their basic debit card (200 baht for 5 years, no annual fee).

 

2 hours ago, bbi1 said:

In the US & UK they also charge you for sending money interstate from when usinng the same bank on both ends, or withdraw from an ATM in another state using the bank's ATM machine?

Can't speak for the UK, but I'm not aware of any US bank that charges for withdrawals in their own ATM out of state.

Edited November 20, 2018 by moana

[thecyclist]

KTK wanted 30 Baht for a deposit made in Pattaya (issuing branch in BKK) in the bank, went to the ADM machine to make the deposit, still 20 Baht fee :no justification for that in the Digitally interconnected age, if the deposit was made at another bank it might be justifiable, but the same bank. 

[dotpoom]

On the spur of the moment I decided to buy a condo while visiting Hua Hin. I withdrew 50,000 a day from the ATM for 5 days at the BKK Bank, in Hua Him for the deposit. The deal fell through so I went to lodge the 250,000 back into the bank. They wanted me to pay for the privilege. I took it back to Pattaya and lodged it there instead...on principle I wouldn't pay them. I had, after all, withdrew it from the same Hua Hin bank

[LukKrueng]

7 hours ago, KKr said:

I got charged 100 B. by K-bank.
It seems the retail banks have a problem making money, and rip customers off wherever they can.
I took some money from an out of province expired fixed term savings account, (got charged about a thousand Baht plus accrued interest) and deposited part of it back on the checking account at the cost of 100 B.

Great customer service !
So glad to be closing that account down next time I'll be in the other province, and transfer it to another bank close to where I live now.

what's the point in complaining about a system you can't change in a country you chose to live in? When anyone chooses to move to another country/region the person has to check all aspects of life and make an informed decision if life in the new place suits him or not. As for the banking system - that's how it's been like here basically forever. With the internet banking there are ways around those charges of it is something you do on a regular basis, and of it's only once every blue moon just add it to the general costs of what you transfer the money for.

I moved from one province to another. As there is a20 baht fee for each atm withdrawal I just withdrew larger amounts less times. I later opened an account locally and used internet banking to transfer between my accounts for free (10 times a month - never reached the limit) and withdrew over the counter for free. Officially you're supposed to cancel an atm card at the issuing branch but as I wasn't going there I couldn't cancel and as I didn't want to pay annual free for 2 cards I didn't get a local atm at first. However at one point my atm stopped working and the local branch was willing to cancel it for me and then I got a local atm. So all you have to do is learn the system and make it work for you

[topt]

6 hours ago, NanLaew said:

for similar inter-branch and inter-state transactions in the UK

I don't remember ever paying any transaction charges in the UK - although using online banking for god knows how many years it may have been so back in the mists of time?

3 hours ago, moana said:

Can't speak for the UK, but I'm not aware of any US bank that charges for withdrawals in their own ATM out of state.

Same for UK.

[SunsetT]

We are very fortunate in that there are no personal banking charges in the UK thanks to competition from  Building Societies who introduced free banking. And they have always blocked the banks attempts to introduce ATM charges.

Edited November 20, 2018 by SunsetT

[donmuang37]

An amazing amount of whining about a 100 baht fee!!  Unbelievable!

[Fruit Trader]

Banks basically make money by lending money so when you arrive at a branch to deposit a bucket full of cash they charge you for the pleasure. Too funny. 

[kevden]

In August 2018 I deposited about 210,000 baht into a Kasikorn Bank at Phuket. My Kasikorn Bank account is in Chiang Mai. I was charged 260 baht (from memory) as the commission fee. Recept issued. 

[shy coconut]

9 hours ago, Peterw42 said:

I had the same from BKK bank, sold a business in Pattaya and depositing the funds in Pattaya into an account opened in Phuket, 200-300 baht.

I went off my nut as I literally turned up with a suitcase full of money because the Thai buyers wanted to pay cash.

300 Baht to count and register a suitcase of money seems like good value for money.

It must have taken steps to do, I'm glad I wasn't in the queue behind you!

[KKr]

5 hours ago, LukKrueng said:

what's the point in complaining about a system you can't change in a country you chose to live in? When anyone chooses to move to another country/region the person has to check all aspects of life and make an informed decision if life in the new place suits him or not. As for the banking system - that's how it's been like here basically forever. With the internet banking there are ways around those charges of it is something you do on a regular basis, and of it's only once every blue moon just add it to the general costs of what you transfer the money for.

I moved from one province to another. As there is a20 baht fee for each atm withdrawal I just withdrew larger amounts less times. I later opened an account locally and used internet banking to transfer between my accounts for free (10 times a month - never reached the limit) and withdrew over the counter for free. Officially you're supposed to cancel an atm card at the issuing branch but as I wasn't going there I couldn't cancel and as I didn't want to pay annual free for 2 cards I didn't get a local atm at first. However at one point my atm stopped working and the local branch was willing to cancel it for me and then I got a local atm. So all you have to do is learn the system and make it work for you

Thank you for that never thought of studying the retail banking mess in detail. 
So many more interesting things to do ????‍♂️
 

[Trek800]

LIttle bit off topic but can anyone tell me what does Statement from Thai Bank looks like?

For the incoming transactions does it show the name of the sender or is it like I can see under the transactions at my online banking, that can see certain amout coming in but cant really see where ir from who it came from? Cheers

[Kalasin Jo]

13 hours ago, NanLaew said:

I think all Thai banks charge a commission for counter transactions done at branches of their own bank outside the city where the account is hosted. My experience with Bangkok Bank is I can do a free counter transaction at any branch in Pattaya as the account is hosted at their main branch on 2nd @ 6. If I do a counter transaction at any Udon Thani branch where I now live,  there's a fee. I have used PromptPay on their BuaLuang online banking with no extra charges. Their online banking allows (I think) 5 free transactions per month before they add a service charge to the transaction.

 

Yes, that's my experience too with Bangkok Bank out of the account branch region. The actual amount of "commission" depends on the amount paid in, but I did this recently and it appeared to be 0.1%. They always want their commission charges over the counter paid on top. Not sure if this applies if you are happy to use one of their automated deposit machines.

[topt]

23 hours ago, Trek800 said:

LIttle bit off topic but can anyone tell me what does Statement from Thai Bank looks like?

What statement?

I have Bank books but never seen a separate statement.

[chickenslegs]

6 minutes ago, topt said:

What statement?

I have Bank books but never seen a separate statement.

Bangkok Bank can give a 6-month statement at the counter (charge 100 baht). Requests for a 12-month statement have to be referred to head office and take about a week to be delivered to the branch (charge 200 baht).

As far as I can tell, the statement doesn't give any more information than the bank book - but it fills in any gaps in the bank book that may have been caused by not getting it updated regularly.

All my foreign transfers are shown as T/T both in the book and on the statements.

[Pib]

4 minutes ago, chickenslegs said:

Bangkok Bank can give a 6-month statement at the counter (charge 100 baht). Requests for a 12-month statement have to be referred to head office and take about a week to be delivered to the branch (charge 200 baht).

As far as I can tell, the statement doesn't give any more information than the bank book - but it fills in any gaps in the bank book that may have been caused by not getting it updated regularly.

All my foreign transfers are shown as T/T both in the book and on the statements.

Sounds like it would just basically be an account query printout you can get from your Bangkok Bank ibanking at any time (instantly) and for free that goes back a max of 6 months.  But I expect the 12 month Bt200 statement might include letter and signature/stamp. 

Edited November 21, 2018 by Pib

[Pib]

23 hours ago, Trek800 said:

LIttle bit off topic but can anyone tell me what does Statement from Thai Bank looks like?

For the incoming transactions does it show the name of the sender or is it like I can see under the transactions at my online banking, that can see certain amout coming in but cant really see where ir from who it came from? Cheers

 

Can't tell you what a statement would look like if your went to a Thai bank and ordered a statement.  But I can give you and idea of what an ibanking query looks like.  Below is a redacted, partial snapshot of one of my Bangkok Bank accounts.  Every 3 months I do query....and save it to my computer....like below query for the 1 Oct-31 Dec 17 period.  Since no body is sending/paying me money there are not credits below....only debit/spending/withdrawal transactions