Pattaya Atm Charges For Foreign Cards - Update

[kevkev1888]

If budget constraints meant checking forex rates several times a day and nipping out to certain ATM's at certain times, that would do my head in. Is it only some Brits that are micromanaging their daily beer, skittles and rumpy pumpy finances in this manner because the pound is doing one of it's periodical nose dives? All this yacking up the benefits of Nationwide banking leads me to suspect it is. Should have saved for the inevitable rainy day as it's not news that the quid is hardly the most stable major currency. Never has been or will be either.

You believe this thread unnecessary but you continue to read it purely to add your snide little digs.

I use the banks that provide me with the best service for my needs.

I will continue to withdraw my cash at my convenience, and use fee free ATM's in preference to ones that charge me 150B.

If and when this is no longer the most convenient and cost effective way of managing my money then I will change.

If you wish to operate your finances in an alternative way UP TO YOU!

Edited June 8, 2010 by kevkev1888

[NALAK]

i took 10k out of Ayutthaya oppossite tesco yesterday and no charge. need some more tomorrow will have to see, hope not.

sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank. keep hoping exchange rate will go up but dont think so

[Penkoprod]

Maybe some of the posters need to read the threads on this forum about unreimbursed losses from Thai bank accounts. There are many. There are no laws or govt organizations to protect you.

Not quite sure about your point - are you referring to losses from ATM withdrawals with overseas cards or Thai bank cards ?

I think the poster was saying Caveat Emptor, and that he doesnt trust Thai banks implicitly.

While not wishing to step on anyone's toes, what i think he is refering to is that money "mysteriously disappears" from peoples bank accounts, sometimes to six or even seven figure sums and not just some small ATM transaction that's gone awry for whatever reason, and the banks involved give scant regard to the problem.

There is a thread currently running on here, detailing that very situation, where people have replied saying "same thing happened to me, and i got nowhere with any reimbursement, either:("

There was also a case reported in the local press a couple of years back, about a Dutch expat of long standing who had six figure sum removed from his account ...while the bank had both his passbook and ATM card, while they were investigating a previous "phanthom" withdrawal. He got nowhere with his claim, either!!!!! Those are just 2 of the cases that crop up from time to time. No doubt there will be posters who HAVE sucessfully reclaimed missing funds, too, though

Penkoprod

[cardholder]

Maybe some of the posters need to read the threads on this forum about unreimbursed losses from Thai bank accounts. There are many. There are no laws or govt organizations to protect you.

Not quite sure about your point - are you referring to losses from ATM withdrawals with overseas cards or Thai bank cards ?

I think the poster was saying Caveat Emptor, and that he doesnt trust Thai banks implicitly.

While not wishing to step on anyone's toes, what i think he is refering to is that money "mysteriously disappears" from peoples bank accounts, sometimes to six or even seven figure sums and not just some small ATM transaction that's gone awry for whatever reason, and the banks involved give scant regard to the problem.

There is a thread currently running on here, detailing that very situation, where people have replied saying "same thing happened to me, and i got nowhere with any reimbursement, either:("

There was also a case reported in the local press a couple of years back, about a Dutch expat of long standing who had six figure sum removed from his account ...while the bank had both his passbook and ATM card, while they were investigating a previous "phanthom" withdrawal. He got nowhere with his claim, either!!!!! Those are just 2 of the cases that crop up from time to time. No doubt there will be posters who HAVE sucessfully reclaimed missing funds, too, though

Penkoprod

Thank you. That is interesting - and worrying.

In 5 years I have not had a problem - so far.

[SurfRider]

.

"sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank"

Your other option is to use AEON ATMs - they do not add the 150 Baht Thai ATM usury fee.

Pattaya locations are:

Tesco - North Pattaya Rd. ( 2 AEON ATMs )

Carrefour - 1st floor in the corridor leading to the toilets.

Home-Works - next to Big-C South on Sukumvit just south of Pattaya Tai Rd.

.

[nakachalet]

.

"sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank"

Your other option is to use AEON ATMs - they do not add the 150 Baht Thai ATM usury fee.

Pattaya locations are:

Tesco - North Pattaya Rd. ( 2 AEON ATMs )

Carrefour - 1st floor in the corridor leading to the toilets.

Home-Works - next to Big-C South on Sukumvit just south of Pattaya Tai Rd.

.

surfrider....

we are taking up a collection for your gas money....

thx much for posting such helpful info for everyone....

[SurfRider]

.

Thanks nakachalet,

Just trying to provide a bit of useful information once the pontificating dim-wit know-it-alls have moved on to impart their lack of wisdom on other threads . . .

.

[Forkinhades]

Thanks its been a real help

[tropo]

What is the big deal with this? If you want to withdraw funds from an overseas account via a local ATM, why whine about the 3 quid convenience charge? If you are pulling ALL your spending money from overseas out of local ATM's two or three times a week, then that is just being silly and you shouldn't be allowed out with more than a five hundred baht in your pocket as you really haven't worked out the basics of financial management yet.

I would assume that most people with any sort of 'residency' here in Thailand would have a local bank account by now. So do a quarterly or bi-annual transfer from your overseas account and use a local ATM card without penalty daily if need be.

I'm one of those silly people who still withdraw from ATM's. I don't go out with much more than 1000 baht in my pocket...perhaps I should cut that back to 500 baht.

[champken]

.

"sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank"

Your other option is to use AEON ATMs - they do not add the 150 Baht Thai ATM usury fee.

Pattaya locations are:

Tesco - North Pattaya Rd. ( 2 AEON ATMs )

Carrefour - 1st floor in the corridor leading to the toilets.

Home-Works - next to Big-C South on Sukumvit just south of Pattaya Tai Rd.

Thanks, thats all the information i was looking for on this thread

.

[nakachalet]

i am going to apply for an aeon card....

wonder why it can afford to be so generous with farangs....

while multitude of other financial institutions want to charge us more.... if they can only figure out how to do it.... and probably how often to do it.... before we would revolt....

.

"sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank"

Your other option is to use AEON ATMs - they do not add the 150 Baht Thai ATM usury fee.

Pattaya locations are:

Tesco - North Pattaya Rd. ( 2 AEON ATMs )

Carrefour - 1st floor in the corridor leading to the toilets.

Home-Works - next to Big-C South on Sukumvit just south of Pattaya Tai Rd.

Thanks, thats all the information i was looking for on this thread

.

[nakachalet]

i am going to apply for an aeon card....

wonder why it can afford to be so generous with farangs....

while multitude of other financial institutions want to charge us more.... if they can only figure out how to do it.... and probably how often to do it.... before we would revolt....

.

"sure enough 150 charge, shame that, will have to bring a few hundred grand over and put in my thai bank"

Your other option is to use AEON ATMs - they do not add the 150 Baht Thai ATM usury fee.

Pattaya locations are:

Tesco - North Pattaya Rd. ( 2 AEON ATMs )

Carrefour - 1st floor in the corridor leading to the toilets.

Home-Works - next to Big-C South on Sukumvit just south of Pattaya Tai Rd.

Thanks, thats all the information i was looking for on this thread

.

[SurfRider]

.

"i am going to apply for an aeon card....wonder why it can afford to be so generous with farangs"

AEON is a Japanese Bank and not a member of the Thai Banking Cartel.

But the Debit Cards that are *NOT* charged the 150 Baht Thai ATM fee are foreign Debit Cards, where the funds are coming from a foreign bank account that already exists, not necessarily from an AEON account.

If you already have a foreign debit card, it should work fine in an AEON ATM -- I'm not sure that opening an AEON account would accomplish anything. The funds would still need to originate from a foreign account.

.

[nakachalet]

.

"i am going to apply for an aeon card....wonder why it can afford to be so generous with farangs"

AEON is a Japanese Bank and not a member of the Thai Banking Cartel.

But the Debit Cards that are *NOT* charged the 150 Baht Thai ATM fee are foreign Debit Cards, where the funds are coming from a foreign bank account that already exists, not necessarily from an AEON account.

If you already have a foreign debit card, it should work fine in an AEON ATM -- I'm not sure that opening an AEON account would accomplish anything. The funds would still need to originate from a foreign account.

as my last count as of last april 16.... for income tax reporting purpose, there are several debit cards within the family members.... but we never use it at aeon atm to date....

next time when we are close to aeon atm facilities.... we shall try to withdraw 100k and see if that would incur a 150 thb service surcharge....

thx much for the info....

[SurfRider]

.

"we shall try to withdraw 100k and see if that would incur a 150 thb service surcharge"

You won't get 100K from *ANY* ATM in one transaction. ATMs vary in their limit per transaction and also limit per day.

Most limit one transaction to 20K, some will go to 30K or even to a max of 40K, but those are rare and hard to find. The AEONs I've used at Tesco-North in Pattaya appear to be limited to 20K per day. Any ATM will also limit your withdrawal amount depending on how much cash it has available.

Beyond that, the bank that owns the ATM, as well as your foreign bank also has a limit of what they will allow you to withdraw in one 24 hour period. I can't recall ever seeing any ATM in Thailand that will allow 100K Baht in one 24 hour period.

.

[tropo]

.

"we shall try to withdraw 100k and see if that would incur a 150 thb service surcharge"

You won't get 100K from *ANY* ATM in one transaction. ATMs vary in their limit per transaction and also limit per day.

Most limit one transaction to 20K, some will go to 30K or even to a max of 40K, but those are rare and hard to find. The AEONs I've used at Tesco-North in Pattaya appear to be limited to 20K per day. Any ATM will also limit your withdrawal amount depending on how much cash it has available.

Beyond that, the bank that owns the ATM, as well as your foreign bank also has a limit of what they will allow you to withdraw in one 24 hour period. I can't recall ever seeing any ATM in Thailand that will allow 100K Baht in one 24 hour period.

.

I don't believe ATM's limit daily transaction limits. The limits are imposed by the card issuing bank.

I have no idea how you figured the AEON at Tesco is limited to 20K per day. I've taken 80K from there on a number of occasions - in 2 pulls.

[SurfRider]

.

"I have no idea how you figured the AEON at Tesco is limited to 20K per day. I've taken 80K from there on a number of occasions - in 2 pulls."

True, I've taken 40K from AEON before in one transaction several times, but the last time at Tesco, I tried 40K and it said "invalid transaction", so I tried 30K - same-same -- It finally spit out only 20K -- I tried it again and then the 2nd AEON machine and neither would vend even 10K.

I went to a TMB ATM the next day and got an additional 20K, so I don't know what the variable was that day with AEON, but I assumed it was a recently established daily limit.

.

[tropo]

.

"I have no idea how you figured the AEON at Tesco is limited to 20K per day. I've taken 80K from there on a number of occasions - in 2 pulls."

True, I've taken 40K from AEON before in one transaction several times, but the last time at Tesco, I tried 40K and it said "invalid transaction", so I tried 30K - same-same -- It finally spit out only 20K -- I tried it again and then the 2nd AEON machine and neither would vend even 10K.

I went to a TMB ATM the next day and got an additional 20K, so I don't know what the variable was that day with AEON, but I assumed it was a recently established daily limit.

.

Interesting! My last visit for 40K was on 6 June. I've never experienced an ATM imposed limit on transactions. I can always get up to my bank imposed daily limit of USD 3000 no matter what ATM I use.

Hopefully your problem was just a technical glitch.

[Michigan]

Has anybody tried using the xe.com method? They are a FOREX company, if you set=up an account you can ask for a deal they will offer the deal for 3 days - you then decide if you wont to accept. Because xe.com has offices in the UK you transfer money to them at zero cost for most UK bank a/c holders. if you go for the deal after receipt of your money they will deposit Thai Bart into your Thai bank a/c. The web site can give a lot more detail.

Has anybody used this service? Good or bad ? please tell.

I am using the Canadian XE.com, works really well, withdraws money from my US bank and deposit in my Kasikorn account. [baht]

Wire fee $ 22.00 regardless how much you transfer.

Takes about 10days to complete the process.

Hope this helps

[smedly]

Maybe some of the posters need to read the threads on this forum about unreimbursed losses from Thai bank accounts. There are many. There are no laws or govt organizations to protect you.

Not quite sure about your point - are you referring to losses from ATM withdrawals with overseas cards or Thai bank cards ?

I think the poster was saying Caveat Emptor, and that he doesnt trust Thai banks implicitly.

While not wishing to step on anyone's toes, what i think he is refering to is that money "mysteriously disappears" from peoples bank accounts, sometimes to six or even seven figure sums and not just some small ATM transaction that's gone awry for whatever reason, and the banks involved give scant regard to the problem.

There is a thread currently running on here, detailing that very situation, where people have replied saying "same thing happened to me, and i got nowhere with any reimbursement, either:("

There was also a case reported in the local press a couple of years back, about a Dutch expat of long standing who had six figure sum removed from his account ...while the bank had both his passbook and ATM card, while they were investigating a previous "phanthom" withdrawal. He got nowhere with his claim, either!!!!! Those are just 2 of the cases that crop up from time to time. No doubt there will be posters who HAVE sucessfully reclaimed missing funds, too, though

Penkoprod

I agree, a lot of the fraud reports and money disappearances from Thai bank accounts always brings me to the same conclusion........90% of them are inside jobs, one thing I will never have with my Thai bank account is an atm card, the only way money can be taken is through a branch, that makes it pretty difficult for the fraudsters.

On topic, banks are robbers but unfortunaltly we cannot do without them, I remember a time when they would pay us to have an account now they want us to pay them for taking care of our money which they in turn use to make money, i often look at it like this, if I borrowed money from somewhere there would be a charge associated with it, we give the banks huge loans when it's all added up and they charge us...........go figure

Edited June 13, 2010 by smedly

[smedly]

Has anybody tried using the xe.com method? They are a FOREX company, if you set=up an account you can ask for a deal they will offer the deal for 3 days - you then decide if you wont to accept. Because xe.com has offices in the UK you transfer money to them at zero cost for most UK bank a/c holders. if you go for the deal after receipt of your money they will deposit Thai Bart into your Thai bank a/c. The web site can give a lot more detail.

Has anybody used this service? Good or bad ? please tell.

I am using the Canadian XE.com, works really well, withdraws money from my US bank and deposit in my Kasikorn account. [baht]

Wire fee $ 22.00 regardless how much you transfer.

Takes about 10days to complete the process.

Hope this helps

That sounds like a pretty good solution, what about exchange rates are they favourable ?

[SurfRider]

.

"That sounds like a pretty good solution, what about exchange rates are they favourable ?"

Good question. It would be interesting to learn the comparison of the rate that they gave on that transaction-- compared to the same International Exchange Rate (IER) for that date at www.x-rates.com ( NOT XE.com! )

The only other variable would be the $22 fee -- assuming US$, that would be the equivalent of slightly less than five 150 Baht Thai ATM fees. So the options would be:

1) Use a debit card to withdraw the same amount from AEON ATMs incurring NO 150 Baht fees

2) Do 5 withdrawals at any other Thai ATM before you've exceeded the equivalent of the $22 transfer fee.

.

Edited June 13, 2010 by SurfRider

[Michigan]

.

"That sounds like a pretty good solution, what about exchange rates are they favourable ?"

Good question. It would be interesting to learn the comparison of the rate that they gave on that transaction-- compared to the same International Exchange Rate (IER) for that date at www.x-rates.com ( NOT XE.com! )

The only other variable would be the $22 fee -- assuming US$, that would be the equivalent of slightly less than five 150 Baht Thai ATM fees. So the options would be:

1) Use a debit card to withdraw the same amount from AEON ATMs incurring NO 150 Baht fees

2) Do 5 withdrawals at any other Thai ATM before you've exceeded the equivalent of the $22 transfer fee.

Yesterday's quoted Rate: 31.7259 [on XE.com]

For smaller amounts Aeon looks like the way to go.

[jori]

Few months ago I asked the K bank how much to cash a foreign cheque,answering $12,but takes a few weeks to clear,but for larger amounts seemed quite a good deal

[tropo]

.

"That sounds like a pretty good solution, what about exchange rates are they favourable ?"

Good question. It would be interesting to learn the comparison of the rate that they gave on that transaction-- compared to the same International Exchange Rate (IER) for that date at www.x-rates.com ( NOT XE.com! )

The only other variable would be the $22 fee -- assuming US$, that would be the equivalent of slightly less than five 150 Baht Thai ATM fees. So the options would be:

1) Use a debit card to withdraw the same amount from AEON ATMs incurring NO 150 Baht fees

2) Do 5 withdrawals at any other Thai ATM before you've exceeded the equivalent of the $22 transfer fee.

.

I use an ATM "Plus" card from Citibank at the fee free AEON. On my last withdrawal I got 31.9999 baht for USD. At those rates I can't see any advantage of transferring my money to a Thai bank. Am I blowing money by not transferring to my Thai bank account? I really don't think I'd get a better rate to transfer dollars to a Baht account in Thailand.

Nan Laew, am I f****g up here? What financial wizardry should I learn so I'm capable of leaving the apartment with more than 500 baht in my pocket?

[Nuff Said]

What is the big deal with this? If you want to withdraw funds from an overseas account via a local ATM, why whine about the 3 quid convenience charge? If you are pulling ALL your spending money from overseas out of local ATM's two or three times a week, then that is just being silly and you shouldn't be allowed out with more than a five hundred baht in your pocket as you really haven't worked out the basics of financial management yet.

I would assume that most people with any sort of 'residency' here in Thailand would have a local bank account by now. So do a quarterly or bi-annual transfer from your overseas account and use a local ATM card without penalty daily if need be.

Yes, excellent advice.

As most ATM's charge 'per transaction', while banks normally levy a 'per transfer' fee regardless of the amount, it really does pay to use such services as little as possible and for as much as posible.

I top my Thai account up from abroad just once a year, just before retirement visa renewal time, and use a local ATM card for withdrawals.

[vont]

according to some news sources, our credit cards wherever we keep or hide them are not safe any more.

it is a frightening thought for all of us who travel and own several cards.

watch this video to further safekeep your identity and your cards.

[vont]

according to some news sources, our credit cards wherever we keep or hide them are not safe any more.

it is a frightening thought for all of us who travel and own several cards.

watch this video to further safekeep your identity and your cards.

<img src="C:%5CUsers%5CDR%3EVONTISON%5CDocuments%5CCaptureWiz%7CRecordings%5CInvestgating%20Fraud.cwm"><br>

[Forkinhades]

according to some news sources, our credit cards wherever we keep or hide them are not safe any more.

it is a frightening thought for all of us who travel and own several cards.

watch this video to further safekeep your identity and your cards.

<img src="C:%5CUsers%5CDR%3EVONTISON%5CDocuments%5CCaptureWiz%7CRecordings%5CInvestgating%20Fraud.cwm"><br>

wow thats a scary movie

[vont]

according to some news sources, our credit cards wherever we keep or hide them are not safe any more.

it is a frightening thought for all of us who travel and own several cards.

watch this video to further safekeep your identity and your cards.

<img src="C:%5CUsers%5CDR%3EVONTISON%5CDocuments%5CCaptureWiz%7CRecordings%5CInvestgating%20Fraud.cwm"><br>

wow thats a scary movie

Forkinhades

you must be kidding right? i am trying to learn how to post a video, but apparently am not too successful at it at the moment yet, sorry. i shall try to learn to do that. apologize every one.