180 Baht Charges for ATM.

[Langsuan Man]

AEON is not a bank. They are a Japanese owned credit company doing business in Thailand

[Wonderboy]

Have not read the entre thread, so apologize if this has been mentioned before.

Anyway, to me it seems like the Thai banks are collaborating on price which I guess is illegal even in Thailand. I have used my card in many countries, and except for Brazil (where the prizes varied widely) I have never been charged nearly as much anywhere else.

Consumer protection in Thailand is dearly missing, but this charge is daylight robbery. Would be interesting to get the authorities attention on this price collaboration...

WB

[Langsuan Man]

Have not read the entre thread, so apologize if this has been mentioned before.

Anyway, to me it seems like the Thai banks are collaborating on price which I guess is illegal even in Thailand. I have used my card in many countries, and except for Brazil (where the prizes varied widely) I have never been charged nearly as much anywhere else.

Consumer protection in Thailand is dearly missing, but this charge is daylight robbery. Would be interesting to get the authorities attention on this price collaboration...

WB

This isn't the West where such practices are against the law. They skirt the issue of price fixing by having this fee "suggested" by the Thai Bankers Association to it's members, who just happen to be all the banks in Thailand. Since the Thai Bankers Association is not a government agency and has no enforcement powers their suggestion is not considered collusion or collaboration as you call it

AEON adopting this "suggestion" is just their realization that they had the only ATM's with no fee and thus their machines were always empty thus denying their credit card customers this service

[Pib]

Funny that. In my little soi, the fee at the 7-11 BB machine was always 150b until about 2 weeks ago. I made a point of going there and avoiding the big SCB macines at Tesco simply because of that.

Is Aeon charging 150 only??

Eddy

Yeap, AEON started charging Bt150 early last year....still Bt150 as far as I know.

According to AEON website as of today the fee is still Bt150 for a foreign card and Bt20 for a card issued by a Thailand financial company.

See below fee notice from their website which is basically the same fee notice as early 2014 when they started charging the Bt150 fee...and at about the same time dropped their max withdrawal per transaction from Bt30K to Bt20K.

Bt150 of Bt20K equates to a 0.75% fee. Since most Thai banks allow Bt25K or Bt30K per withdrawal which equates to them taking a 0.72% fee for Bt25K withdrawal or a 0.6% fee for Bt30K, a person is better off fee-wise using a Thai bank ATM. Thai banks and AEON ATMs use the Visa/Mastercard/AmEx exchange rate unless you are stupid and accept a DCC exchange rate if offered by the ATM which will get you around a 3% lower exchange rate.

And of course, in addition to above mentioned fees you may have foreign transaction fees as applied by your home country "card-issuing" bank.

http://www.aeon.co.th/aeon/en/fee-payment/aeon-atm-fee

[jpinx]

If you don't have access to Bangkok Bank's service to international branches, or you use some of the specialist services, the cheapest way to get money into Thailand is usually by transferring a chunk (about 100K Baht equivalent seems to work) by swift in your home currency and let the Thai bank do the FX. Check your own specific situation before actually doing it

[rrreeeuben]

International uOB cards can be used at UOB atms with no fees.

[BuckBee]

indeed if you going use a visa card use AEON ATM as the fees are 150bt & only 180bt for mastercard.

All thai ATM's I tested was 180bt for visa which pretty expensive considering the stiff middle finger you will get when hit by a problem such as eaten card, wrong money supplied or a skimmer on the ATM.

I don't mind fees but do mind poor services & low grade security & equipment & thai banks are cheap skates & blame dodgers & blatant liars so uses wisely.

you best using any ATM in thailand at a main branch while it open that way if get problems you more likely get help perhaps !

[Pib]

indeed if you going use a visa card use AEON ATM as the fees are 150bt & only 180bt for mastercard.

All thai ATM's I tested was 180bt for visa which pretty expensive considering the stiff middle finger you will get when hit by a problem such as eaten card, wrong money supplied or a skimmer on the ATM.

I don't mind fees but do mind poor services & low grade security & equipment & thai banks are cheap skates & blame dodgers & blatant liars so uses wisely.

you best using any ATM in thailand at a main branch while it open that way if get problems you more likely get help perhaps !

Are you sure AEON charges Bt180 when using a MC? Have you personally tried it with a MC? The AEON web site still says Bt150 for cards issued by foreign banks...they do not make any fee distinction between Visa or MC.

http://www.aeon.co.th/aeon/en/fee-payment/aeon-atm-fee