Anybody have any experience with daily ATM withdrawl THB limits?

 

A USA buddy of mine plans to visit soon and he wants to avoid fees and withdraw the max amount of THB he can for each visit to the ATM to avoid the per transaction fees.

 

Looks like the flat fees are the same no matter the amount for each withdraw.

 

Also, which Thai bank ATM allows the most THB daily withdraw?

Which Thai Bank ATM has the lowest fees?

 

Any experienced replies very appreciated.

There may be a physical limitation (size of dispensing slot) which in turn limits the amount that can be withdrawn.

 

I know I have a tight fit at the 18,000 amount (Bangkok Bank ATM), which requires some effort to pull the stack out of the slot. I'm not sure that ATM can go much greater than 20,000?

 

The home bank may have a limit (say $500 per day), which limits the THB to ~17,000/18,000.

 

The dispensing ATM may have a physical limit.

 

Some folks say they do counter withdrawals, where the limits may be higher.

 

 

1 minute ago, bamnutsak said:

There may be a physical limitation (size of dispensing slot) which in turn limits the amount that can be withdrawn.

 

I know I have a tight fit at the 18,000 amount (Bangkok Bank ATM), which requires some effort to pull the stack out of the slot. I'm not sure that ATM can go much greater than 20,000?

 

The home bank may have a limit (say $500 per day), which limits the THB to ~17,000/18,000.

 

The dispensing ATM may have a physical limit.

 

Some folks say they do counter withdrawals, where the limits may be higher.

 

 

Thanks, yea I had seen the dispensing bill limit when I had tried a large withdraw. Some machines more than others. I'll look into seeing what his home bank limit is.

Maximum single withdrawal is 30,000 baht but some machines are set to 25,000 baht

 

Number of withdrawals per day is set by the banks both in TH and at home

27 minutes ago, StandardIssue said:

Which Thai Bank ATM has the lowest fees?

All the same, THB 220 per withdrawal.

25 minutes ago, Jerzy Swirski said:

Maximum single withdrawal is 30,000 baht but some machines are set to 25,000 baht

 

Number of withdrawals per day is set by the banks both in TH and at home

I saw the 25 note limit awhile ago on one particular bank machine. So to get 25000 from that ATM it would have to have enough 1000 notes to cover the withdraw. Thanks. But doesn't make sense to get charged 220THB + home bank international ATM withdraw charges for say a 5000 THB ATM withdraw .. of course.

 

I wonder how many expats are starting to make ATM withdraws instead of Swift or Wise transfers these days with the new Thai tax BS.

I do NOT use a ATM to get monies from my US MC.

I go inside my Thai bank to a TELLER ( NOT the service desk ) have the teller swipe my card for the amount I want transfered and DEPOSITED STRAIGHT to my account.  I have found  TOTAL charges for the $1000USD deposit average $1.76 to $1.82USD ( past 4 months ) on top of the international MC exchange rate. ( $1001.76 TO $1001.82 USD )

As I leave the bank I usually make a 20 to 30,000bt withdraw from the banks ATM.  I have NOT made 2 X's 20 to 30,000bt in a single day at any bank ATM.

I know SCB has a 30,000 withdrawal limit for domestic users but it seems to be 20,000 for international cards. At least, I haven't been able to get the 30,000 with my Fidelity card.

14 minutes ago, edwardflory said:

I do NOT use a ATM to get monies from my US MC.

I go inside my Thai bank to a TELLER ( NOT the service desk ) have the teller swipe my card for the amount I want transfered and DEPOSITED STRAIGHT to my account.  I have found  TOTAL charges for the $1000USD deposit average $1.76 to $1.82USD ( past 4 months ) on top of the international MC exchange rate. ( $1001.76 TO $1001.82 USD )

As I leave the bank I usually make a 20 to 30,000bt withdraw from the banks ATM.  I have NOT made 2 X's 20 to 30,000bt in a single day at any bank ATM.

You're essentially doing a counter withdrawal and depositing the money to your account. BKK bank used to do this but my branch stopped saying their machine could no longer process that transaction. What bank allows you to do that?

 

OP: have your friend wise the money to you as he needs it and you can withdraw it and give it to him.

4 minutes ago, gargamon said:

BKK bank used to do this but my branch stopped saying their machine could no longer process that transaction

I did it with Krungsri today morning

 

Krungsri Central Plaza Ladprao, Bkk

4 hours ago, StandardIssue said:

which Thai bank ATM allows the most THB daily withdraw?

Kasikorn and Krungsri allow 30,000/- thb per trx

It used to be that only TTB and Krungsri allowed withdrawals of 30k at one time - I don't know whether any other banks have started doing the same.

15 minutes ago, DrJoy said:

I did it with Krungsri today morning

 

Krungsri Central Plaza Ladprao, Bkk

Krungsri had a 15k daily limit last time I used them.

Depends on your agreements with your bank

With my Bangkok Bank account I have a 25,000 baht limit per withdrawal with a maximum of 2 withdrawals per day.  I I make a withdrawal from my US bank account using an ATM here in Thailand the maximum amount is $500 US.  That limit is set by my US bank.

There are 2 sides to this

Firstly as noted the issuer of the ATM card may (will) have limits which are probably managed by you via Mobile or Internet Banking

 

Secondly the ATM machines have a physical limitation of how many bills they can dispense at once. So for us and for most banks that is 25 bills which means the maximum per transaction is 25,000 THB (25 x 1000 Baht bills)

I've been withdrawing 30,000 baht from Kasikorn Bank atms since 2017.

3 hours ago, edwardflory said:

I do NOT use a ATM to get monies from my US MC.

I go inside my Thai bank to a TELLER ( NOT the service desk ) have the teller swipe my card for the amount I want transfered and DEPOSITED STRAIGHT to my account.  I have found  TOTAL charges for the $1000USD deposit average $1.76 to $1.82USD ( past 4 months ) on top of the international MC exchange rate. ( $1001.76 TO $1001.82 USD )

As I leave the bank I usually make a 20 to 30,000bt withdraw from the banks ATM.  I have NOT made 2 X's 20 to 30,000bt in a single day at any bank ATM.

Thanks, but my OP is basically a question for a tourist with no bank account.

 

Although it could also apply to an expat who is not interested in having a lot of eyes on the money he is bringing into country if you know what I mean. So certainly NOT depositing funds into a Thai bank account would be prudent in the last case.

2 hours ago, Sticky Rice Balls said:

THIS!!!! came here to post this....dress nice..smile..be polite and go INTO the bank..they have a swipe machine on counter..when the girl told me to use atm i said i needed MORE than the 20k allowed as im buying my THAI GF a scoopy(lie) and they did it for me at counter...free.....a smirk escaped my face as i walked out with the 30k and no atm fees.....

 

have to play the thai game to get what you want here....dress for success

Which bank? Do you have an account with said bank? did you fill out any paper work? You did not mention typing your PIN. Posting some details would be helpful.. otherwise it sounds like boasting in my humble opinion.

 

How you dress is the least of my friends worries as he's not your average sloppy tourist in shorts, sunglasses and floppies.

 

2 hours ago, kimothai said:

I've been withdrawing 30,000 baht from Kasikorn Bank atms since 2017.

 Details please? Using what card? Out of country debit or credit? What country?

 

OP is about using an out of country debit or credit card.

 

I guess I should not be surprised that many of the "members' here don't really read carefully. Sorry my friend but why did you even post? There is no detail.

2 hours ago, statman78 said:

With my Bangkok Bank account I have a 25,000 baht limit per withdrawal with a maximum of 2 withdrawals per day.  I I make a withdrawal from my US bank account using an ATM here in Thailand the maximum amount is $500 US.  That limit is set by my US bank.

 

That has been my experience but I refrain from using my US credit or debit cards because the fees are very high. 220THB on the Thai side. $13.50 USD on the USA side.

 

My friend has no choice as a tourist so... that is why I made the OP. He wants to use a USA debit card.

 

He doesn't really want to use credit cards because his credit sucks. Looking for the max he can get on the Thai side if he is able to set his US bank to allow a $1000 daily limit which looks to be the case. He can set the limit up by contacting his bank and telling them he is traveling and wants cash.

39 minutes ago, StandardIssue said:

 

That has been my experience but I refrain from using my US credit or debit cards because the fees are very high. 220THB on the Thai side. $13.50 USD on the USA side.

 

My friend has no choice as a tourist so... that is why I made the OP. He wants to use a USA debit card.

 

He doesn't really want to use credit cards because his credit sucks. Looking for the max he can get on the Thai side if he is able to set his US bank to allow a $1000 daily limit which looks to be the case. He can set the limit up by contacting his bank and telling them he is traveling and wants cash.

Over the last couple of years I initially tested my overseas debit card at 5 bank ATMs & these were the transaction limits I incurred;

 

SCB - 20k THB

Kasikorn - 20k

KrungThai - 20k

Bkk Bank - 25k

Krungsri - 30k

 

So it's Krungsri all the way for me.

 

Just now, yabbra said:

Over the last couple of years I initially tested my overseas debit card at 5 bank ATMs & these were the transaction limits I incurred;

 

SCB - 20k THB

Kasikorn - 20k

KrungThai - 20k

Bkk Bank - 25k

Krungsri - 30k

 

So it's Krungsri all the way for me.

 

Very helpful. thank you kindly. So it looks like I'll be suggesting Krungsri to my friend. Much appreciated. This kind of detailed information is very helpful and thank you for taking the time  to post.

7 minutes ago, StandardIssue said:

Very helpful. thank you kindly. So it looks like I'll be suggesting Krungsri to my friend. Much appreciated. This kind of detailed information is very helpful and thank you for taking the time  to post.

No worries...It seems 30k is the limit & only Krungsri ATMs are capable of this (for overseas cards), unless some of the lesser known banks I haven't tried also have this limit.

Have you considered bringing a handful of $100 bills and exchange as needed. (You get best rates with $100 bills). I found it more economical than going to atm and get double charged. 

14 hours ago, AustinRacing said:

Have you considered bringing a handful of $100 bills and exchange as needed. (You get best rates with $100 bills). I found it more economical than going to atm and get double charged. 

A friend of mine does this. He stays for three months and the amount he brings is usually enough. As he requires Baht, he goes to SuperRich to exchange £50 notes. Not sure of the amount he exchanges each time, but it is usually enough to cover one month.

2 hours ago, Surasak said:

A friend of mine does this. He stays for three months and the amount he brings is usually enough. As he requires Baht, he goes to SuperRich to exchange £50 notes. Not sure of the amount he exchanges each time, but it is usually enough to cover one month.

Yeah I use them too. Best rates. It makes more sense than using home country cards. 

23 hours ago, kimothai said:

I've been withdrawing 30,000 baht from Kasikorn Bank atms since 2017.

 

Krungsri (yellow color bank) ATM machines, as posted above, also allow for a maximum of 30K baht withdrawal per transaction -- assuming that the foreign bank card you're using also allows that size of withdrawal.

 

A lot of U.S. debit cards have a default DAILY withdrawal limit of $500 USD or sometimes even less, which would be less than the maximum 30K baht per withdrawal amount allowed by the Krungsri and some other Thai bank ATMs.

 

So the card holder needs to check with their home country bank on what limits it places on the amounts of ATM withdrawals. Sometimes the home country bank will allow the cardholder to increase their daily ATM withdrawal limit, but most won't as it's considered a security measure. Some will allow one-time requests to waive their daily limit that's typically valid for just 24 hours or so before reverting to the norm.

 

Among U.S. card issuers, about the highest daily ATM withdrawal limits I've encountered have been around $1000 USD per day, which would more than cover a 30K baht Thai ATM withdrawal (which currently is running about $835+). But those kinds of cards are not common.

 

On the fees issue, it's a two-sided proposition.

 

On the Thai end, it's pretty much going to be the standard 220 baht ATM fee per withdrawal for foreign VISA and MC debit cards. Some home country banks or card issuers, like brokerages, will reimburse those foreign ATM fees, generally up to some $ limit per month. But most home country banks won't.

 

Then on the home country card issuing entity end, most U.S. banks, CUs and other card issuers will pass along a VISA or MC foreign currency conversion fee, sometimes called a cross border transaction fee, and sometimes add their own added FCF amount in addition to the base card network fees. Those can range anywhere from 1% on all foreign ATM withdrawals or purchases, up to as much as 4%, depending on the card issuer.

 

Obviously, if someone is going to use a home country (including U.S.) debit or credit card while traveling abroad to Thailand or elsewhere, it's in their interest to use debit or credit cards that have no FCF or as small a one as possible.

 

BTW, regarding using foreign debit cards in Krungsri bank ATMs, you need to be careful to avoid their ATMs' on-screen offer of Dynamic Currency Conversion, which if accepted results in your transaction getting a 4-5% lower exchange rate than would otherwise be the case.

 

The DCC offer that appears on their ATM screen when using foreign cards is couched in showing you your ATM withdrawal amount in the currency of your card issuing bank, instead of in Thai baht, which masquerades as some kind of convenience for foreign tourists/travelers.

 

Unless you needlessly want to accept a 4-5% worse currency exchange rate set by the Thai bank on your ATM withdrawal than would otherwise be the case, always choose to DECLINE that on-screen DCC offer. And your ATM withdrawal will then be processed and converted at the normal USD-THB exchange rate as set by either the VISA or MC networks, depending on which brand of card is used.

 

On 8/1/2024 at 9:33 AM, bamnutsak said:

There may be a physical limitation (size of dispensing slot) which in turn limits the amount that can be withdrawn.

 

I know I have a tight fit at the 18,000 amount (Bangkok Bank ATM), which requires some effort to pull the stack out of the slot. I'm not sure that ATM can go much greater than 20,000?

 

The home bank may have a limit (say $500 per day), which limits the THB to ~17,000/18,000.

 

The dispensing ATM may have a physical limit.

 

Some folks say they do counter withdrawals, where the limits may be higher.

 

 

Whenever I need money to live on, I take 20,900 baht from a Bangkok Bank ATM. That's 20 x 1,000 baht notes, plus one 500 baht note and four 100 baht notes. That's a total of 29 notes from the ATM. I have never had the slightest problem taking those 29 notes from the ATM slot. Your assertion that 18 notes is difficult to remove and that the machine could not dispense more than 20 notes seems very bizarre to me in that it is totally contrary to my experience using Bangkok Bank ATMs for 17 years. 

Additional: called my US BANK....

 

My ATM LIMIT using MY US bank card is $300 1X a day.

At a TELLER inside the bank it is $2,000 ( 2X's daily ) with the same card.

Since I ALWAYS deposit straight to my Thai bank account, ( then withdraw bt  at the banks ATM ) I do NOT know the charges for receiving cash.

I would ...GUESS..., if you want cash, the bank would give you the banks internal posted exchange rate. ( and a service charge? )