Does anyone know if it is possible to obtain a bankers draft (or equivalent) from Kbank?
If so, can this draft then be cashed at any Thai bank?
Thank you for any advice.

Yes, you can have a bank draft issued at any KBank branch without any problems and it can be cashed anywhere in the country and at any bank.

The fee for a bank draft in local currency is 20 THB.

You need to bring your passport.

Yes, you can have a bank draft issued at any KBank branch without any problems and it can be cashed anywhere in the country and at any bank.

The fee for a bank draft in local currency is 20 THB.

You need to bring your passport.

Actually above is wrong information.

A Cashiers check has a fee of 20 baht ( for any amount). Yes it can be cleared at any Bank in the country, but if it's out of the issuing banks region, then there is a charge imposed when cashing or clearing into an account. So a Cashiers check is better within the same region.

A Bank Draft has fees when you purchase (ie: 1000 baht per million baht purchased), but it can be cleared without charge/fees at any bank in the country.

REMEMBER both type of checks are liable to take at least 4 days to clear out of the issuing banks region, but immediately/same day within region.

Hope that helps you.

Edited June 22, 201412 yr by thainet

Thank you both.
The draft is for the same region.
Not quite sure of the difference between a bankers draft and cashiers check.
Would you be able to explain the difference to me please?
I want the person i am giving the cheque to, to be assured that it is the equivelent of cash..as in guarenteed payment.
Many thanks again for help in this.

Yes, you can have a bank draft issued at any KBank branch without any problems and it can be cashed anywhere in the country and at any bank.

The fee for a bank draft in local currency is 20 THB.

You need to bring your passport.

Actually above is wrong information.

A Cashiers check has a fee of 20 baht ( for any amount). Yes it can be cleared at any Bank in the country, but if it's out of the issuing banks region, then there is a charge imposed when cashing or clearing into an account. So a Cashiers check is better within the same region.

A Bank Draft has fees when you purchase (ie: 1000 baht per million baht purchased), but it can be cleared without charge/fees at any bank in the country.

REMEMBER both type of checks are liable to take at least 4 days to clear out of the issuing banks region, but immediately/same day within region.

Hope that helps you.

I actually requested issuance of a bank draft at my local bank in Bangkok just a few days ago, and the fee was 20 Baht. It even said - in Thai script, of course - "draft" on both the cheque proper and the receipt. The instrument has in the meantime been cashed upcountry at a different bank than that where I originally purchased it here in the capital, and there were no clearing charges whatsoever incurred by the recipient of the funds.

Edited June 23, 201412 yr by Misterwhisper

Thank you

I was amazed at the low fee 20 baht, in the UK it would be 500-1,000.

Yes, you can have a bank draft issued at any KBank branch without any problems and it can be cashed anywhere in the country and at any bank.

The fee for a bank draft in local currency is 20 THB.

You need to bring your passport.

Actually above is wrong information.

A Cashiers check has a fee of 20 baht ( for any amount). Yes it can be cleared at any Bank in the country, but if it's out of the issuing banks region, then there is a charge imposed when cashing or clearing into an account. So a Cashiers check is better within the same region.

A Bank Draft has fees when you purchase (ie: 1000 baht per million baht purchased), but it can be cleared without charge/fees at any bank in the country.

REMEMBER both type of checks are liable to take at least 4 days to clear out of the issuing banks region, but immediately/same day within region.

Hope that helps you.

I actually requested issuance of a bank draft at my local bank in Bangkok just a few days ago, and the fee was 20 Baht. It even said - in Thai script, of course - "draft" on both the cheque proper and the receipt. The instrument has in the meantime been cashed upcountry at a different bank than that where I originally purchased it here in the capital, and there were no clearing charges whatsoever incurred by the recipient of the funds.

Hello,

Which bank gave you a draft for 20 thb ?

The fee is 1000 baht for 1 million at Kasikorn (cashier or draft) and the only difference between draft and cashier is who pay the fee:

draft: the one who issue it pay the fee

cashier cheque: the one who receive it pay the fee

Cheers.

Yes, you can have a bank draft issued at any KBank branch without any problems and it can be cashed anywhere in the country and at any bank.

The fee for a bank draft in local currency is 20 THB.

You need to bring your passport.

Actually above is wrong information.

A Cashiers check has a fee of 20 baht ( for any amount). Yes it can be cleared at any Bank in the country, but if it's out of the issuing banks region, then there is a charge imposed when cashing or clearing into an account. So a Cashiers check is better within the same region.

A Bank Draft has fees when you purchase (ie: 1000 baht per million baht purchased), but it can be cleared without charge/fees at any bank in the country.

REMEMBER both type of checks are liable to take at least 4 days to clear out of the issuing banks region, but immediately/same day within region.

Hope that helps you.

Hello,

I think what you are saying is right but Misterwhisper got it wrong.

So if we do not want to pay more than 20 baht fee we have to issue a cashier cheque in the same province.

I wonder why some people use draft, even in the same province when cashier cheques are almost free ? Is a draft more secure?

Thanks.

On 7/30/2014 at 8:05 PM, thairastawoman said:

Hello,

I think what you are saying is right but Misterwhisper got it wrong.

So if we do not want to pay more than 20 baht fee we have to issue a cashier cheque in the same province.

I wonder why some people use draft, even in the same province when cashier cheques are almost free ? Is a draft more secure?

Thanks.

 

 

Money is blocked with draft, not with cashier cheque that can be canceled.

 

 

Over the years, I have obtained several cashier's cheques (mostly from Bangkok Bank), and paid only B 20.