ATM fee now 250bt

[transam]

2 minutes ago, TallGuyJohninBKK said:

 

And that's your food / shopping list and budget for the week, right??? 

 

j/k  😁

 

Don't confuse him with Hf............😁

[Pib]

On 7/5/2025 at 10:58 AM, Cardano said:

I assume you have an issue with this? Do you expect the bank to do this forex for free? The bank is a business and needs to generate profit and it needs to pay Visa a commission. But when alls said and done if you withdrew 30,000 baht then the 250 baht fee is a measly 0.8%.

 Actually, when using a credit or debit card to obtain cash at a bank, like a Thai bank ATM or at a Thai bank counter, the Thai bank "receives" a fee (i.e., a profit) for accomplishing the transaction.  It's called an interchange fee but works the opposite to the interchange fee a merchant must pay when a person buys product/service with their card. 

 

 If using a Visa debit/credit card (or really any foreign issued credit/debit card) to get funds (we are now talking getting cash and not talking about buying something)  at an ATM the Thai bank receives from the card issuing bank some funds for accomplishing the transaction....and the amount received depends on how/where the cash is disbursed.  That is, is it disbursed at an ATM without or without an ATM fee like Bt250 now being charged by Thai banks....and was the disbursement selected by the card-holder a Dynamic Currency Conversion (DCC) or not.  Mastercard and other cards have very similar rules/fees.

 

Below is a chart snapshot from the Visa rules/fees website regarding "cash disbursement" like getting cash from an ATM or a bank counter using your Visa debit/credit card.  Issuer" means the bank that issued your card (does not mean the bank disbursing the cash) and Acquirer is the bank disbursing the cash like a Thai bank disbursing you cash at a ATM or bank counter when you use your card.  

 

Now since Thai bank "do" charge an ATM fee, and sometimes a counter fee, when using a foreign card the ATM fees the Thai bank will receive is Bt250 plus 0.15% if the card holder didn't choose DCC.  So, if a person withdraws Bt30,000 then the Thai bank receive 0.15% which equate to Bt45 plus their applied fee of Bt250 for a total of Bt295. And if the cash disbursement happens at a Thai bank counter they get $1.75 which is around Bt56 plus 0.33%....0.33% of a Bt30K disbursement is around Bt99 plus the Bt56 for a total of Bt155 plus any counter fee disbursement the bank may charge.   

 

See below interchange cash disbursement fee table from the Visa Rules/Fees website for the cash disbursement fee that would apply depending on the situation.  AND KEEP IN MIND BELOW INTERCHANGE FEES HAVE NOTHING TO DO WITH THE FOREIGN TRANSACTION/CROSS BORDER FEES YOUR CARD-ISSUING BANK MAY (OFTEN DO) APPLY ON THIER END....THOSE ARE SEPARATE FEES CHARGED TO YOU.....BELOW ONLY DEALS WITH WHAT THE BANK THAT IS DISBURSING THE CASH RECEIVE (LIKE A THAI BANK).  And once again the cash disbursement interchange fees operate opposite from that of a merchant selling you something where that merchant does incur a Visa/Mastercard fee typically of a few percent....and once again you will still have routinely have foreign transaction/cross border fees on the card-issuing bank end.   

 

 

 

[Cardano]

21 hours ago, Pib said:

 Actually, when using a credit or debit card to obtain cash at a bank, like a Thai bank ATM or at a Thai bank counter, the Thai bank "receives" a fee (i.e., a profit) for accomplishing the transaction.  It's called an interchange fee but works the opposite to the interchange fee a merchant must pay when a person buys product/service with their card. 

 

 If using a Visa debit/credit card (or really any foreign issued credit/debit card) to get funds (we are now talking getting cash and not talking about buying something)  at an ATM the Thai bank receives from the card issuing bank some funds for accomplishing the transaction....and the amount received depends on how/where the cash is disbursed.  That is, is it disbursed at an ATM without or without an ATM fee like Bt250 now being charged by Thai banks....and was the disbursement selected by the card-holder a Dynamic Currency Conversion (DCC) or not.  Mastercard and other cards have very similar rules/fees.

 

Below is a chart snapshot from the Visa rules/fees website regarding "cash disbursement" like getting cash from an ATM or a bank counter using your Visa debit/credit card.  Issuer" means the bank that issued your card (does not mean the bank disbursing the cash) and Acquirer is the bank disbursing the cash like a Thai bank disbursing you cash at a ATM or bank counter when you use your card.  

 

Now since Thai bank "do" charge an ATM fee, and sometimes a counter fee, when using a foreign card the ATM fees the Thai bank will receive is Bt250 plus 0.15% if the card holder didn't choose DCC.  So, if a person withdraws Bt30,000 then the Thai bank receive 0.15% which equate to Bt45 plus their applied fee of Bt250 for a total of Bt295. And if the cash disbursement happens at a Thai bank counter they get $1.75 which is around Bt56 plus 0.33%....0.33% of a Bt30K disbursement is around Bt99 plus the Bt56 for a total of Bt155 plus any counter fee disbursement the bank may charge.   

 

See below interchange cash disbursement fee table from the Visa Rules/Fees website for the cash disbursement fee that would apply depending on the situation.  AND KEEP IN MIND BELOW INTERCHANGE FEES HAVE NOTHING TO DO WITH THE FOREIGN TRANSACTION/CROSS BORDER FEES YOUR CARD-ISSUING BANK MAY (OFTEN DO) APPLY ON THIER END....THOSE ARE SEPARATE FEES CHARGED TO YOU.....BELOW ONLY DEALS WITH WHAT THE BANK THAT IS DISBURSING THE CASH RECEIVE (LIKE A THAI BANK).  And once again the cash disbursement interchange fees operate opposite from that of a merchant selling you something where that merchant does incur a Visa/Mastercard fee typically of a few percent....and once again you will still have routinely have foreign transaction/cross border fees on the card-issuing bank end.   

 

 

 

you've obviouly got a lot of spare time available but what is the point you're trying to make?

[Pib]

3 minutes ago, Cardano said:

you've obviouly got a lot of spare time available but what is the point you're trying to make?

That banks that issue money (like from ATMs) earn money from the Visa/Mastercard/card-issuing bankl it's not solely from the ATM fee they charge like B250.  And the money they earn besides their fee is a nice fee/profit, but bankers always want to earn more...and more...and more.

 

And yea, being retired is great!!!

[Cardano]

23 hours ago, Pib said:

That banks that issue money (like from ATMs) earn money from the Visa/Mastercard/card-issuing bankl it's not solely from the ATM fee they charge like B250.  And the money they earn besides their fee is a nice fee/profit, but bankers always want to earn more...and more...and more.

 

And yea, being retired is great!!!

Isn't that what banks or any business is supposed to do....earn a profit?

[persimmon]

With all this talk of bank accounts being difficult to open , and the risk of being closed , is there a better way of getting Thai baht than using the ATM and paying the extortionate fee ? For those with a Wise card , would it be possible to ask for cash over the counter inside the bank ? Or maybe use the Wise card for most significant purchases and just use cash for smaller items ?

[JohnnyBD]

I used foreign debit card in SCB ATM this week and the fee was only 220 Baht.

Not 250 Baht.

[Celsius]

8 minutes ago, JohnnyBD said:

I used foreign debit card in SCB ATM this week and the fee was only 220 Baht.

 

What a bargain...only 11 AUD

[JohnnyBD]

7 minutes ago, Celsius said:

 

What a bargain...only 11 AUD

Chase reimbursed me for the 220b fee. That's a bargain. 

[Celsius]

10 minutes ago, JohnnyBD said:

Chase reimbursed me for the 220b fee. That's a bargain. 

 

America is the best 

[DrJoy]

On 7/1/2025 at 10:08 AM, KhunLA said:

Make sure you take out the max you bank / card allows, and get that increased to a much as the Thai ATMs will disperse.  

 

If I had to pay almost $8 to access only $500 of my own money, I'd be pissed 

 

Guessing AEON is still cheaper ???

Aeon has shut all ATMs in TH

[KhunLA]

7 hours ago, DrJoy said:

Aeon has shut all ATMs in TH

 

On 7/3/2025 at 6:08 PM, trainman34014 said:

Aeon have removed all their ATM'S from Thailand some months ago,  Please keep up with the news !

 

[cdemundo]

On 7/2/2025 at 12:19 AM, bravo19 said:

Cash is king and no fees have to pay.

Where do you get that cash?

Print your own?

I get my cash from an ATM, hence the fees.

[cdemundo]

On 7/5/2025 at 10:58 AM, Cardano said:

I assume you have an issue with this? Do you expect the bank to do this forex for free? The bank is a business and needs to generate profit and it needs to pay Visa a commission. But when alls said and done if you withdrew 30,000 baht then the 250 baht fee is a measly 0.8%.

I want to make the best deal I can.

So I use a Charles Schwab Bank account that reimburses ATM fees each month.

Nice to see someone standing up for the poor put upon banks though.

[KhunLA]

9 minutes ago, cdemundo said:

I want to make the best deal I can.

So I use a Charles Schwab Bank account that reimburses ATM fees each month.

Nice to see someone standing up for the poor put upon banks though.

 

My brokerage does the same ...

 

[kwilco]

so is it now 250 baht on ALL foreign cards at ATMs?

[JohnnyBD]

52 minutes ago, kwilco said:

so is it now 250 baht on ALL foreign cards at ATMs?

No. I used my Chase debit card at SCB ATM this week, and it was 220 Baht.

[VocalNeal]

17 minutes ago, JohnnyBD said:

No. I used my Chase debit card at SCB ATM this week, and it was 220 Baht.

 

Did they give you more than 10,000 baht?

[JohnnyBD]

11 minutes ago, VocalNeal said:

 

Did they give you more than 10,000 baht?

Yes, I got 20k per transaction in 3 transactions for a total of 60k. My bank reimbursed me for the 3 - 220b fees.

[kwilco]

1 hour ago, JohnnyBD said:

No. I used my Chase debit card at SCB ATM this week, and it was 220 Baht.

So I wonder if it is just being introduced gradually or randomly?

[VocalNeal]

3 hours ago, JohnnyBD said:

Yes, I got 20k per transaction in 3 transactions for a total of 60k. My bank reimbursed me for the 3 - 220b fees.

Cheers

[VocalNeal]

On 7/25/2025 at 7:38 PM, JohnnyBD said:

Yes, I got 20k per transaction in 3 transactions for a total of 60k. My bank reimbursed me for the 3 - 220b fees.

 

Just curious. Is the 20K or 10K in my case set by your/my bank or the Thai bank you used?

[JohnnyBD]

43 minutes ago, VocalNeal said:

 

Just curious. Is the 20K or 10K in my case set by your/my bank or the Thai bank you used?

The 20k THB limit is set by the Thai bank ATM. My US bank's ATM withdrawal limit is $2,000 per day, so I can get a little more than 60k THB per day from ATM at the current exchange rates. On the SCB ATM I need to select specific amount and type in 20k. The ATM doesn't have a button for 20k.

[VocalNeal]

13 minutes ago, JohnnyBD said:

The 20k THB limit is set by the Thai bank ATM. My US bank's ATM withdrawal limit is $2,000 per day, so I can get a little more than 60k THB per day from ATM at the current exchange rates. On the SCB ATM I need to select specific amount and type in 20k. The ATM doesn't have a button for 20k.

 

OK I'll give it a try just to see.

[Pib]

Limits per transaction and per day can be set on both ends---the ATM end and the home country end.  And even the account owned can sometimes set a lower limit than what whatever max limit the home country bank allows.   

 

 In using many different Thai ATMs they have always been clear as to the max amount "the ATM" will allow per transaction....like saying 20K, 25K, 30K, etc., for each transaction.     Now if the Thai ATM says it has a limit of Bt30K but your home country bank has a lower limit baht-equivalent set for your card if you try to withdraw Bt30K the ATM will give you error....usually tell you to contact your card-issuing bank.   

 

A person needs to be aware of the max limit set by the ATM (which the ATM usually displays early in the transaction), by his card-issuing bank, and what limits he himself may have control over via ibanking/mbanking/telecon.  

[JohnnyBD]

5 hours ago, VocalNeal said:

 

OK I'll give it a try just to see.

I just checked my Chase Bank withdrawal limit using a non-Chase ATM, and it's $3,000 per day, not $2,000. So, it looks like I can get more than 60k per day (3 x 20k) from the SCB ATM I've been using. You need to check your home bank account limit. I see some types of Chase accts only have a $500 per day limit. If you can only get 10k, it might be your home bank limiting you.

[Lorry]

6 hours ago, Pib said:

A person needs to be aware of the max limit set by the ATM (which the ATM usually displays early in the transaction), by his card-issuing bank, and what limits he himself may have control over via ibanking/mbanking/telecon

Correct.

There are also daily, weekly, and monthly limits, as well as 24hrs-limits.

I have a handful or two of ATM cards, and there are only 7 or 8 common ATMs in Thailand. 

That makes for only about 500 possible  permutations. 

I made a nice spreadsheet,  and every evening I include them all in my evening prayer. So I won't forget them. 

Easy peasy.