Bank fees

[akampa]

Greed of banks? ,I wanted to deposit some cash into my SCB account no problem I thought i was in Bangkok but my account originates in ChiangMai where I live ,it was not a large amount but still,but the bank wanted to charge me 41 baht to deposit the cash,why you ask it is a in a different province I did not. Is this a fee other banks have?

[mesquite]

Yes

[Diplomatico]

Yes. Some charge a fee and a small commission.

[daveAustin]

Banks here can charge you to deposit money, withdraw money from the ATM and even charge for the card every year and they give you practically zero interest to boot. I didn't think much of the banking industry at home, it was just there providing a decent enough service... and then I came here. They are thieves.

[luk AJ]

It is really terrible, even when you withdraw your own money from saving account inside the bank you have to pay.worse, I sold my condo in Pataya last year and got a bank check from SCB went to deposit to my account in Bangkok ( also SCB) had to pay 7000 THB!! Why because check was from other city and charge is based on % which is in my opinion close to criminal.

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[mania]

Banks here can charge you to deposit money, withdraw money from the ATM and even charge for the card every year and they give you practically zero interest to boot. I didn't think much of the banking industry at home, it was just there providing a decent enough service... and then I came here. They are thieves.

Actually compared to where I came from a few years ago (USA)

Banks here are quite nice especially for interest on savings....

For example where I am from even now they give 0.15%....yes a 15th of 1 percent

Yet here I get over 2% for a non fixed account & could get 3% if I locked it for a few months

Back home if locked in a CD etc for similar time periods they give a whopping 0.35-0.45%

Yes they do not charge for deposits back home from anywhere but here it is more of a franchise type banking so

if depositing out of your area they want something but usually less than $1

Withdrawals from any ATM (even other Thai banks) is free (this is with my BK-Bank ATM card)

Same for my yearly ATM card fee which is about $3 not bad since I only have one account with ATM access

The others are just web access for security & that web access is free

I dont mind paying a small fee for some things if in return the bank is giving a good return on savings.

Which again here they give 13-20 times as much return on a savings as compared to back from where we came.

That is sizable & the interest even on my modest accounts here pays for more than a months living expenses for us here

Could never say that back home

Edited October 22, 2014 by mania

[CMBob]

The only time SCB charges me anything (well, other than the annual bank letter and when I need a new ATM card) is when I handle the transaction outside of my home province. Within the home province (Chiangmai), they've never charged me for deposits, withdrawals, or using the ATM card. I recently deposited a check from another Thai bank and there was no charge for doing that.

Like mania, I haven't had any problems. And I currently have my 800k for the retirement account in a 14-month account at 2.8% (more than double what you'd get in the west).

[luk AJ]

The only time SCB charges me anything (well, other than the annual bank letter and when I need a new ATM card) is when I handle the transaction outside of my home province. Within the home province (Chiangmai), they've never charged me for deposits, withdrawals, or using the ATM card. I recently deposited a check from another Thai bank and there was no charge for doing that.

Like mania, I haven't had any problems. And I currently have my 800k for the retirement account in a 14-month account at 2.8% (more than double what you'd get in the west).

do you pay a charge if you withdraw from your account (SCB) and transfer this amount to another SCB account? If not, I don't understand why they charge me. Same with deposit of bank cheque, I can tell you with 100% certainty I paid 7000 THB fee on a SCB cheque coming from Pataya and deposited on my SCB account in BKK.

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[thrilled]

Banks like to make money.Ya have to bite the bullet and pay the baht.Or hold on to it til your at your home bank.Thats business in

Thailand.

[NancyL]

The bank fees here are quite reasonable compared to what we paid in the U.S. for similar services. Yes, it was a surprise the see an extra charge the first time we used a Bangkok Bank ATM in Bangkok when our "home" branch is here in Chiang Mai, but oh well, the fee was very small compared with the U.S. Live and learn.

[CMBob]

do you pay a charge if you withdraw from your account (SCB) and transfer this amount to another SCB account? If not, I don't understand why they charge me. Same with deposit of bank cheque, I can tell you with 100% certainty I paid 7000 THB fee on a SCB cheque coming from Pataya and deposited on my SCB account in BKK.

I don't do that so really can't answer your question. But I suspect that you're being charged because you're handling transactions between different provinces.

I can say that I often (too often?) transfer money (normally handled online) from my SCB account to the SCB account of my partner and there is no charge for that; however, we both have SCB accounts in the same province.

[elektrified]

I've had an accounts with Kasikorn Bank in both C.M. and Bangkok for 8 years now and have never paid a yearly fee for an ATM card. I don't know if some of you know it, but if you bank at K-Bank all you have to to do is use a K-Bank ATM starting 10 days before the expiration date/end of banking year and a message pops up to press continue or something - I forget now, and then a message appears that says "to waive the annual fee" to press yes or enter or whatever and that's it - annual fee waived. I can't remember if it's in English or not. I think if you don't make an ATM transfer or something during that 10 day period you miss out on the offer and get charged.

Yes I also get hit for a small fee when withdrawing cash outside of the Changwat.