anyone know which atm will accept a uk natwest debit card, and should I be selecting savings account or current, it works for card transactions but not at the atm in scb, ktb or krungsri 

 

thanks in advance

Which networks are shown on the back of the card (Link etc), is it branded Visa or MasterCard?

 

My Nationwide debit card has worked in every ATM I've tried it in.

 

Select Current account if given the choice.

 

Yeah looks  like  you have  to add the card to a specific country in the app, i'll try  again later

Edited December 29, 20196 yr by jaffas21

NatWest debit card? Do you hate yourself?

 

They will levy a 2.75% forex charge, on top on the 200/220 baht(minimum £5) ATM fee. Plus AFAIK they also charge another 2% on certain accounts.

 

So for a £300 withdrawal, that is a £8.25, £5 Thai ATM charge and maybe another 2%(£6) dependent on the kind of account you hold with them.

 

So that could be £19.25 on a £300 withdrawal. I'm sure that you were told about this earlier.

My Natwest debit shows Visa...I used it years ago at SCB bank to do an over the counter withdrawal..that was before the banks ( both ends) started charging silly money.

 

Some suggest to use Transferwise ? 

I just make a yearly large SWIFT transfer to my Thai bank..the Natwest card sits in the draw gathering ants.

1 hour ago, johng said:

Some suggest to use Transferwise ? 

I would (not from UK but still).

Just waiting for my 6th Euro transfer to complete.

 

300 GBP transfer would cost ~3 GBP, exchange rate 39.4161

        ->  11,708.16

1000 ->  39,140.19

3000 -> 117,517.92

 

Compare with 30k Baht ATM withdrawal today:

To get 30k with TW you pay 766.78 (30k is the max for most ATMs).

VISA card, debit 30220 THB (incl the ATM fee) would cost 773.46 GBP.

And that is without possible fees of your home country bank for card usage.

And for higher amounts you end up even better with TW.

 

If you have a card without extra fees and for smaller amounts (single withdrawal), convenience might tell you: use ATM.

With extra fees and higher amounts needed: use TW.

51 minutes ago, KhunBENQ said:

I would (not from UK but still).

Just waiting for my 6th Euro transfer to complete.

 

300 GBP transfer would cost ~3 GBP, exchange rate 39.4161

        ->  11,708.16

1000 ->  39,140.19

3000 -> 117,517.92

 

Compare with 30k Baht ATM withdrawal today:

To get 30k with TW you pay 766.78 (30k is the max for most ATMs).

VISA card, debit 30220 THB (incl the ATM fee) would cost 773.46 GBP.

And that is without possible fees of your home country bank for card usage.

And for higher amounts you end up even better with TW.

 

If you have a card without extra fees and for smaller amounts (single withdrawal), convenience might tell you: use ATM.

With extra fees and higher amounts needed: use TW.

 

Over the counter can yield different results. I get 11,715 baht for £300 over the counter with my Mastercard. Though paying £768.25 for 30,000 baht with my Mastercard and £767.825 with VISA. Weekend rates I surmise.

TransferWise beats SWIFT hands-down for transfers from the UK, the better rates far outweigh the fees.

 

The only issue is if you need to prove your money came from overseas, TransferWise sometimes make interbank transfers from a different Thai bank to the one being credited and that is recorded as a domestic transfer.

4 hours ago, Eindhoven said:

Though paying £768.25 for 30,000 baht with my Mastercard and £767.825 with VISA.

You forget the 220 Baht ATM fee.

Your card is debited with 30220 > 773.46.