Free Atm Withdrawal And Enquiry

[darrenr]

Hello all, after receiving information from another poster about 'is there a bank that does NOT charge inter region fees'' etc , the OP said they thought TMB bank offered a product.

According to their website TMB bank offers a No Limit Visa Debit card, once off fee of 300 baht (card valid for 3 years) , no annual fee, Unlimited Free ATM withdrawals from ANY bank in Thailand in ANY region ( so no inter region fees), this applies to balance enquiries.

As i only read the press statement does not say if this applies to inter region ADM machine deposits or internet transfers.

But seems promising as the fees can add up when your account is in say Pattaya and you do alot of travelling around the country and pay to withdraw outside your branchs province.

[darrenr]

Further to this post here is the news release from TMB bank 4 November 2009:

TMB delights customer again with its year-end launch of TMB No Limit, the first and only debit card in the market that gives customers the freedom of cash withdrawal and inquiring from any ATM of any bank nationwide without any fee & no limit on the number of transactions and also no annual fee. The new debit card is targeted at customers who want to have convenient lifestyles such as students and career people particular those who regularly on the move travel upcountry. The card’s key features tap into customer’s mind and offer them a new experience they never know can exist – one from a debit card that frees them from the concern about ATM cash withdrawal fee and the inconvenience of having to always look for an ATM of the card-issuing bank and find themselves standing in a long line in an attempt to safe money. With this convenience, customers can also feel safer as they do not need to carry a lot of cash anymore. TMB expects to attract 100,000 new customers by the end of this year. Mr. Michal Szczurek, Chief Retail Banking Officer of TMB Bank Public Company Limited or TMB, introduced this new TMB financial product: “TMB No Limit is a debit card offered under the ‘Consumer Centricity the TMB Way’ strategy as an alternative product that is designed to meet consumer’s financial behavior. It is regarded as a major effort by TMB in a bid to please customers, especially in the midst of currently slow economy. The card allows customers to cash from any ATM nationwide without withdrawal fee, regardless of the bank or province, and does not limit the number of transactions to give customers a true saving on fees.” “TMB No Limit puts an end to restrictions encountered by holders of debit cards currently available in the market. The cardholders, today tend to feel short of freedom in processing their ATM transactions because they have to cash or check balance only at a machine operated by their card issuing bank or they will be subjected to fees. Subconsciously, customers sometimes doubt why they have to pay fee for withdrawing their own money. TMB recognizes this and is therefore launching the TMB No Limit debit card as a much-awaited financial innovation for customers. With this new product, TMB hopes to expand its debit cardholder base to 2.5 million accounts by the end of 2009,” he explains. According to Mr. Szczurek, holders of debit cards are greatly diversified, ranging from customers aged 18 to 55 and TMB No Limit will expectedly appeal to two key groups-career people and students who withdraw cash from ATMs regularly because they are always on the go and do not want to carry too much cash with them. On average, retail customers withdraw cash from ATMs about 6 times a month and if projected on current ATM fee charged by commercial banks in general, customers estimately pay about 180 Baht on the fee each year. This new offering is TMB’s effort to help customers cut on this considerable cost on their ATM transactions. TMB No Limit differentiates itself as a debit card that allows customers to inquire their account balance or withdraw cash at any ATM nationwide with no fee at no limit in the number of transactions made plus no annual fee. To become a cardholder, applicants pay only a one-time application fee of 500 Baht and it’s valid for three years. In comparison to other debit cards in the market which charge for a first-year fee of 300 which includes entry & dormant fees plus 200 Baht annual fee for following years of a total of 700 Baht for the first three years, holders of TMB No Limit debit card can save 200 Baht on just annual fee over the period of three years, not to mention the saving on ATM cash withdrawal & inquiry fees from interbank and cross-province/district transactional charges. Mrs. Kanchana Rojvatunyu, TMB’s Executive Vice President, Retail Marketing Group, adds that the launch of the new debit card will be supported by an integrated marketing campaign to create optimum public awareness and attention. Through the insightful concept of “Why can’t interbank and cross-province ATM cash withdrawals be free of charge?”, the campaign features two phases of TV commercials: the first focuses on provoking thoughts and casting doubt, followed by the second-phase series of three laudable ads to be released when the card is launched on November 4. The commercials highlight Thailand’s celebrated TV host and TMB Brand Ambassador, Khun Sanya Kunakorn, who will once again address consumers with though-provoking questions. Customers who are interested in TMB No Limit Debit Card can apply from November 4, 2009 onwards. For more information, please visit at any TMB branch nationwide, call TMB Phone Banking 1558 or visit www.tmbbank.com