Free Money Transfer To Thailand

[earlofwindermere]

We found a free way to transfer money here and I thought that I'd pass the info on...

I am a non-American but I signed up for an ETRADE account in USD. (Fairly easy to do at etrade.com). I also signed up for their ETRADE debit/visa card.

I withdrew 10 000 baht at a SCB ATM. ETRADE withdrew $286 from my account. (For an exchange rate of almost 1USD= 35 baht). The amazing thing was that I was charged no fees (by either the ATM or ETRADE). ETRADE has been marketing this lately and I can confirm that it has worked.

Gone are the days of SWIFT / Wire transfers!

Cheers

Edited April 11, 2007 by earlofwindermere

[Orangutan]

Been doing it for years with my Credit Union savings/checking account. No ATM fees what so ever.

-O

[Maestro]

I believe you are talking about this, copied from the E*Trade website:

Unlimited ATM fee refunds for customers maintaining a balance of $50,000 or more in combined E*TRADE Securities and E*TRADE Bank accounts or by making at least 30 stock or options trades per quarter.

--

Maestro

[Jingthing]

This isn't a money transfer. Its an ATM card, Useless for qualifying for visas. But free is good!

[earlofwindermere]

You are right, it is an ATM transfer, not a wire transfer. My mistake......

I certainly don't have a combined $50 000 balance or 30 trades per quarter so I think that it must apply to all accounts now.