Pib Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy.I agree with what you are saying Stoli, but you have to admit, the Thai bank system of charging 150 or is it 180? with a foreign ATM card is pure greed, and way out of order. Use a ATM at a casino in the USA the fee is $13, far more than anything in Thailand. I have had some ATM's that are private owned in the USA charge $5-6 fee. It's a choice you don't like the fee don't use the ATM. It's their ATM you are using. Wow...a $13 fee just to get more money to lose. But for gamblers willing to throw hundreds to thousands down on the casino tables an ATM fee is the least of their concerns....and I'm not sure it would even register as even a minor concern before or after a few drinks. Link to comment Share on other sites More sharing options...
ericthai Posted March 21, 2014 Share Posted March 21, 2014 Wow...a $13 fee just to get more money to lose. But for gamblers willing to throw hundreds to thousands down on the casino tables an ATM fee is the least of their concerns....and I'm not sure it would even register as even a minor concern before or after a few drinks. Yup I was surprised about the fee, but was too lazy to go out on the strip and find another ATM. Hell everything was expensive in Vegas. Anyway to each their own. I'm not a gambler, only been there twice and only spent about $1000 on games, shows and meals. I'm sure way less than what some guys spend on girls and booze in Thailand. As for the few drinks, not really if I have 4 beers that's allot. Only play what you can afford to lose, same concept as in Thailand. Link to comment Share on other sites More sharing options...
Rockhopper Posted March 21, 2014 Share Posted March 21, 2014 Open an investment account with Charles Schwab and use their ATM card. All fees are refunded as a credit to your account. Link to comment Share on other sites More sharing options...
whoisyourdaddy Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Not entirely true, local banks also charge fees, usually 10-15 baht when using card from another bank(local bank) Link to comment Share on other sites More sharing options...
nithisa78 Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Correct. Though it has to be in Province where you are ATMing for no fees. With BKK Bank, for sure there are fees if not. Link to comment Share on other sites More sharing options...
BudRight Posted March 21, 2014 Share Posted March 21, 2014 Thai banks do charge 180 baht, which excepting Las Vegas apparently is still more expensive for a foreign card than almost anywhere. Math does not bash Thais, stop being such intolerant <deleted>. Link to comment Share on other sites More sharing options...
JesseFrank Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Not entirely true, local banks also charge fees, usually 10-15 baht when using card from another bank(local bank) Thai banks charge fees when using their own atm cards, once you're out of the district where your account is located. Link to comment Share on other sites More sharing options...
thrilled Posted March 21, 2014 Share Posted March 21, 2014 Open an account with schwab.They reimburse you of the fees. Link to comment Share on other sites More sharing options...
whoisyourdaddy Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Not entirely true, local banks also charge fees, usually 10-15 baht when using card from another bank(local bank) Thai banks charge fees when using their own atm cards, once you're out of the district where your account is located. Not district but province and my post was not about different provinces, but about same province. Not sure if there is a limit on number of withdrawals, but i often get hit with 10 baht fee when use my Kbank card at SCB ATM For different province not only you pay fee to withdrawal but also pay fee to deposit. Link to comment Share on other sites More sharing options...
ronthai Posted March 21, 2014 Share Posted March 21, 2014 (edited) OOH Well, so many ATM's Where was that ...:? Bangkok, Pattaya, Phuket DARN, got to make it easy for farangs(ATM's) to get ripped off. PS. Don't tell the the cops, just costs extra ... Edited March 21, 2014 by ronthai Link to comment Share on other sites More sharing options...
Ashto Posted March 21, 2014 Share Posted March 21, 2014 (edited) Was able to open a deposit account with Visa based ATM card in Krungthai Bank. Requirements... 500 baht deposit, passport and Thai address. I have 30 days visa and 30 days on the apartment lease. Have heard there is a concern about bank's having long lists of dormant accounts... I guess to avoid foreign card charges some visitors open an account for a month or so and just leave. Perhaps that was why I was asked whether I was opening " just for a short while". I did the same thing late last year at KRUNGTHAI. Kasikorn had refused. A few days later a friend got Kasikorn to do it. Seems to depend on who you get at the bank on the day. All of this was in Bangkok. Edited March 21, 2014 by Ashto Link to comment Share on other sites More sharing options...
John Egil Posted March 21, 2014 Share Posted March 21, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Not everyone can open a bank account in Thailand! Nor do they need to if they are here for a short period of time! Been here 5 months and tried to open a account with Kbank and was told I needed to show a one year visa and a one year lease for my housing. Just try another bank. passport and address is all you need I live in Takhli ( Nakhon Sawan ) Retired , for several years now . I went with my wife to try to open an acount in my name. We visited 4 different banks in this city and they all said you need a work permit ... That rule came in October last year they said . The only bank who could help me was the SCB , They could open a joint acount with my wife . So that we did . I,m using it to transfer my pension . To avoid those fees the charge . 150 bht here and the same amount by visa in Norway 300bht per outtake here Link to comment Share on other sites More sharing options...
Sandman77 Posted March 22, 2014 Author Share Posted March 22, 2014 I think no it's more difficult open a Thai bank account 5 year ago I open 2 accounts and nobody ask me anything was done in 10 minutes! Win Xp Atms using diffrent version of Xperia then a normal computer Called Xp for embedded machines ! This support will not end this year And in 5 year And then we reach windows 10 Link to comment Share on other sites More sharing options...
Sandman77 Posted March 22, 2014 Author Share Posted March 22, 2014 And who is number one in the world of larger ATM network then Thailand, when here ranks nr 30.? Even the rich Switzerland have less ATM then Thailand! And the funny part here the money comes in seconds ! In the eu in analyze the card 10 seconds until I can withdrawal also the menu navigation is much slower Because CPUs not have high power ! Link to comment Share on other sites More sharing options...
Sandman77 Posted March 22, 2014 Author Share Posted March 22, 2014 I the meantime I cannot confirm that ATMs are everywhere here in our isaan village no ATM next one 12 km away people borrow card to nabour when need some money Link to comment Share on other sites More sharing options...
Estrada Posted March 22, 2014 Share Posted March 22, 2014 "Does Thailand Have The Most ATMs in the World? Answer: Yes, they are all over the Thailand. Many walking ATMs can be seen in Pattaya, Phuket, Changmai, Hua Hin, Soi Cowboy, Nana, Patpong and even the remotest villages in Thailand. Some of the ATMs frequently complain about having been skimmed on Thai Visa, before being shipped back to their country of origin to be refilled with cash. 2 Link to comment Share on other sites More sharing options...
fletchsmile Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Another pile of garbage. I can withdraw money from my Thai bank using my ATM card for free. If yours charges you then change bank.You have to love the nonsense some posters on here come up with. Indeed another pile of garbage, that's your post, and clearly made by someone who never has been further than Pattaya Sukhumvit. If I want to withdraw from an ATM from the Thai bank where I have my account, outside the district where I opened the account, I"ll have to pay a fee for it. For a Pattaya account that can be as nearby as Sattahip.The same is applicable when I withdraw from the counter in that bank. If I want to deposit money in my own Pattaya based account, using the branch in Sattahip, I'll have to pay a fee. If I want to transfer money from my account to another customer with the same bank but located in another district, I'll have to pay a fee. Please enlighten us which bank doesn't charge those fees. Edit : I forgot, even for my ATM card I have to pay a fee. Standard chartered. No fees for using other banks ATMs. No fee for online banking tfrs.TMB no fixed/no fee acc = online banking transfers of 100k per time free for next day settlement to most banks. Your daily limit by default is 200k but I increased mine above that. Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
fletchsmile Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Another pile of garbage. I can withdraw money from my Thai bank using my ATM card for free. If yours charges you then change bank.You have to love the nonsense some posters on here come up with. Indeed another pile of garbage, that's your post, and clearly made by someone who never has been further than Pattaya Sukhumvit. If I want to withdraw from an ATM from the Thai bank where I have my account, outside the district where I opened the account, I"ll have to pay a fee for it. For a Pattaya account that can be as nearby as Sattahip.The same is applicable when I withdraw from the counter in that bank. If I want to deposit money in my own Pattaya based account, using the branch in Sattahip, I'll have to pay a fee. If I want to transfer money from my account to another customer with the same bank but located in another district, I'll have to pay a fee. Please enlighten us which bank doesn't charge those fees. Edit : I forgot, even for my ATM card I have to pay a fee. Standard chartered. No fees for using other banks ATMs. No fee for online banking tfrs.TMB no fixed/no fee acc = online banking transfers of 100k per time free for next day settlement to most banks. Your daily limit by default is 200k but I increased mine above that. Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
JesseFrank Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Another pile of garbage. I can withdraw money from my Thai bank using my ATM card for free. If yours charges you then change bank.You have to love the nonsense some posters on here come up with. Indeed another pile of garbage, that's your post, and clearly made by someone who never has been further than Pattaya Sukhumvit. If I want to withdraw from an ATM from the Thai bank where I have my account, outside the district where I opened the account, I"ll have to pay a fee for it. For a Pattaya account that can be as nearby as Sattahip.The same is applicable when I withdraw from the counter in that bank. If I want to deposit money in my own Pattaya based account, using the branch in Sattahip, I'll have to pay a fee. If I want to transfer money from my account to another customer with the same bank but located in another district, I'll have to pay a fee. Please enlighten us which bank doesn't charge those fees. Edit : I forgot, even for my ATM card I have to pay a fee. Standard chartered. No fees for using other banks ATMs. No fee for online banking tfrs.TMB no fixed/no fee acc = online banking transfers of 100k per time free for next day settlement to most banks. Your daily limit by default is 200k but I increased mine above that. Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online So if I open a TMB account and put 10.000 Baht in it to sleep, they will give me 12 x 100 Baht = 1200 Baht a year + normal interests ? That is 12% + yearly interest. Standard chartered wasn't a Thai bank last time I checked, so that one doesn't apply to my previous comment. Link to comment Share on other sites More sharing options...
sandyf Posted March 22, 2014 Share Posted March 22, 2014 The foreign banks came first: HSBC was first about 125 years ago. Stan Chart (or should I say an early incarnation Chartered Bank) was second after that. First local commercial bank if I recall was Siam Commercial SCB. Bank of Thailand (BOT) some info on its website re history. Also has a museum and a library. http://www.bot.or.th/english/Pages/BOTDefault.aspx Cheers Fletch There was no HSBC 125 years ago, you probably mean Hong Kong & Shanghai. Just before Hong Kong was handed back to China the Hong Kong & Shanghai moved their HQ to London and was incorporated as HSBC Ltd. The original Hong Kong & Shanghai became the far east subsiduary of HSBC. Link to comment Share on other sites More sharing options...
fletchsmile Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money!Another pile of garbage. I can withdraw money from my Thai bank using my ATM card for free. If yours charges you then change bank.You have to love the nonsense some posters on here come up with. Indeed another pile of garbage, that's your post, and clearly made by someone who never has been further than Pattaya Sukhumvit. If I want to withdraw from an ATM from the Thai bank where I have my account, outside the district where I opened the account, I"ll have to pay a fee for it. For a Pattaya account that can be as nearby as Sattahip.The same is applicable when I withdraw from the counter in that bank. If I want to deposit money in my own Pattaya based account, using the branch in Sattahip, I'll have to pay a fee. If I want to transfer money from my account to another customer with the same bank but located in another district, I'll have to pay a fee. Please enlighten us which bank doesn't charge those fees. Edit : I forgot, even for my ATM card I have to pay a fee. Standard chartered. No fees for using other banks ATMs. No fee for online banking tfrs.TMB no fixed/no fee acc = online banking transfers of 100k per time free for next day settlement to most banks. Your daily limit by default is 200k but I increased mine above that. Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online So if I open a TMB account and put 10.000 Baht in it to sleep, they will give me 12 x 100 Baht = 1200 Baht a year + normal interests ? That is 12% + yearly interest. Standard chartered wasn't a Thai bank last time I checked, so that one doesn't apply to my previous comment. You need 20k min for the TMB acc that is no fee. If you fall below there is a fee. Never thouht about it that way but yes you could get a nice return on a small amount. Standard Chartered (Thai) pcl is technically a Thai bank and is listed as such on BOT s website. It s legal form is a Thai subsidiary of UK parent. For me I clasify it as a sort of hybrid. It is also not limited on number of branches like a foreign bank is. Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
Thainess Posted March 22, 2014 Share Posted March 22, 2014 "Does Thailand have the biggest ATM network in the world?" The answer is obviously YES, if you're using "ATM" as an acronym for "Abominable Transsexual Male". On the other hand, if you meant "Automatic Teller Machine", I can automatically tell you that, of course, the United States probably has at least twice and probably three times as many ATMs as Thailand. While it's true that the major Thai cities (and there are only 4: Bangkok, Chiang Mai, Pattaya and Patong/Phuket City) have a huge number of ATMs, they are quite rare in small cities and very rare indeed in villages in Thailand, whereas in most Western countries even small villages will have at least one ATM. On the "other" other hand, Thailand also has the world's biggest ATM network if by ATM you mean a foreigner who's easily separated from his money! Link to comment Share on other sites More sharing options...
JesseFrank Posted March 22, 2014 Share Posted March 22, 2014 Even give you 100 baht credited to your acc a month if you do less than 5 txns by ATM / online So if I open a TMB account and put 10.000 Baht in it to sleep, they will give me 12 x 100 Baht = 1200 Baht a year + normal interests ? That is 12% + yearly interest. Standard chartered wasn't a Thai bank last time I checked, so that one doesn't apply to my previous comment. You need 20k min for the TMB acc that is no fee. If you fall below there is a fee. Never thouht about it that way but yes you could get a nice return on a small amount. Standard Chartered (Thai) pcl is technically a Thai bank and is listed as such on BOT s website. It s legal form is a Thai subsidiary of UK parent. For me I clasify it as a sort of hybrid. It is also not limited on number of branches like a foreign bank is. Cheers Fletch Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app So 20.000 Baht still means 6% in credits, and I guess the account also give some peanut interest on top of that. If you can open unlimited number of accounts, that is a nice earner. Link to comment Share on other sites More sharing options...
noodle Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Surely only if you are daft enough not to use cash:) Link to comment Share on other sites More sharing options...
JesseFrank Posted March 22, 2014 Share Posted March 22, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Surely only if you are daft enough not to use cash:) So you suggest carrying loads of cash when come on holiday ? You're definitely not daft, that word is an underestimation for what your really are. Link to comment Share on other sites More sharing options...
Sandman77 Posted March 22, 2014 Author Share Posted March 22, 2014 I not was here 40 years ago, but I could imagine that it must be a relaxed time without ATM and the daily withdrawal ! Link to comment Share on other sites More sharing options...
whoisyourdaddy Posted March 22, 2014 Share Posted March 22, 2014 Another fee which i did not even realize is now being charged, though may be always has been. When doing balance inquiry from an ATM of a different bank, its a 10 baht fee Do note, Both Thai banks and Thai bank accounts, and Thai ATM card Link to comment Share on other sites More sharing options...
ericthai Posted March 22, 2014 Share Posted March 22, 2014 I the meantime I cannot confirm that ATMs are everywhere here in our isaan village no ATM next one 12 km away people borrow card to nabour when need some money Yup and at the end of the month you have a long line for people waiting to use the ATM. I recall seeing that in Rayong 10-12 years ago. Fridays and the end/beginning of the month after 5pm would be lines at the ATM's . I think nowdays there are more ATM's in Rayong area, but up country not so many around. Link to comment Share on other sites More sharing options...
ericthai Posted March 22, 2014 Share Posted March 22, 2014 "Does Thailand have the biggest ATM network in the world?" The answer is obviously YES, if you're using "ATM" as an acronym for "Abominable Transsexual Male". On the other hand, if you meant "Automatic Teller Machine", I can automatically tell you that, of course, the United States probably has at least twice and probably three times as many ATMs as Thailand. While it's true that the major Thai cities (and there are only 4: Bangkok, Chiang Mai, Pattaya and Patong/Phuket City) have a huge number of ATMs, they are quite rare in small cities and very rare indeed in villages in Thailand, whereas in most Western countries even small villages will have at least one ATM. On the "other" other hand, Thailand also has the world's biggest ATM network if by ATM you mean a foreigner who's easily separated from his money! I agree with most of what you say, but it's not rare for small cities in Thailand to have ATMS, most have multiple ATMs and even in remote villages there will be an ATM, typically setup at the police station. I live and work in Isaan. Our company contracts with farmers to grow for us so I travel to allot of remote villages and meet with farmers. I have never had an issue to find an ATM, might have to drive 5 km or so, but they are not rare. Link to comment Share on other sites More sharing options...
smotherb Posted March 23, 2014 Share Posted March 23, 2014 The reason why Thailand has so many ATMs is the same reason why Thailand has so many bars and so many ladyboys: Taking advantage of the foreigner and finding ways to separate him from his money. Thailand ATMs have the highest fees in the world for foreigners. It's a huge money maker for the bank - charging you extremely high fees to access your OWN money! Sorry. I cannot agree. Just open a Thai bank account and you will not have fees. Or, just continue your Thai bashing if that makes you happy. Yes, really sorry for you if the appearance of ATMs separates you from your money. And what are the "extremely high fees" to which you refer--the B150/160 surcharge? That fee goes to your bank, not the Thai bank. My bank reimburses me the fee. Link to comment Share on other sites More sharing options...
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