Thai Banks Prep for Chinese New Year Cash Withdrawals

[snoop1130]

 

BANGKOK (NNT) - Five leading Thai banks have expressed readiness to service their customers during the Chinese New Year by setting aside a total of 121.264 billion baht for withdrawals, a 3% to 5% increase in cash availability compared to the previous year. 

 

Kasikornbank has allocated 27.2 billion baht for withdrawals from February 7-10, with funds accessible both at its branches and through its extensive network of ATMs. Similarly, Siam Commercial Bank has prepared 33.9 billion baht for the festive period, distributing the cash between its ATMs and branch offices.

 

TMBThanachart Bank and Bank of Ayudhya have also geared up with 13.5 billion baht and 10.254 billion baht, respectively, ensuring their customers have easy access to cash through both branches and ATMs during the celebrations.

 

Meanwhile, Krungthai Bank has set aside 30.31 billion baht for withdrawals from February 7-12, with specific amounts designated for branch and ATM withdrawals. Bangkok Bank has also made an additional provision of 40 billion baht to accommodate the increased demand for cash during this period.

 

By Krajangwit Johjit

 

Full story: NNT 2024-02-05

 

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[Jenkins9039]

Meanwhile barely any ATM's these days lol

[NextG]

“Five leading Thai banks…” but SIX banks mentioned in the article. Is one of them not ‘leading’ or is one not regarded as a bank?

 

[daveAustin]

What a poxy, sensationalist article. So a few Chinese are coming for their new year and may withdraw some money from an atm. Whoopee doo! Why are they blowing this thing out of all proportion? Smacks of desperation. 

[hotchilli]

8 hours ago, NextG said:

“Five leading Thai banks…” but SIX banks mentioned in the article. Is one of them not ‘leading’ or is one not regarded as a bank?

 

If it's sixth it's not a leader... 

[jacko45k]

9 hours ago, Jenkins9039 said:

Meanwhile barely any ATM's these days lol

What makes you say that... in Pattaya area they are all over the place and in reality there seems to be more than necessary. Especially since I can use other banks machines at no extra cost to me. What may happen, as I saw over the festive season at weekend, many machines ran out of cash. 

[khunjake]

At 150 baht a pop for foreign ATM withdrawals, the banks will be ringing up the profits as usual. Anyone seen the FX exchange booths at the airports lately? A 5% rip off from the cash rate in the city and the chinese line up in droves to use them.