ATMs now 200b for Drawing Cash from UK or US Banks?

[pauleddy]

I don't believe it!

I went to two different bank ATMs today to take out 10,000b from my "home" bank.

Both asked a "fee" of 200b.

Sorry if somebody else has posted this, but I am in neuroleptic shock! The fee has been 180b for a while, after being "free" or 150b before.

Bearing in mind that the "home" bank wants 2 fees as well, this is ludicrous. another nail........

Eddy

[Tywais]

Couldn't find anything on Bangkok Bank but did on Kasikorn, see below. Which bank did you use?

From Nov 6, 2015 - The service charge on cash withdrawal of all international or foreign credit cards via KBank's ATM machines will be charged at 200 Baht per transaction for VISA card and MasterCard, 50 Baht per transaction for China UnionPay (CUP) card and 20 Baht per transaction for all electronic cards issued by card issuer company in Thailand (Non Bank).

[4evermaat]

Is there some way to send a complaint to the govt, ncpo, etc about this? It's just so arbitrary how they can raise fees like this.

[CHRISTIANa9]

Time to get a China Union pay card

[worgeordie]

Bank .......Robbers

regards worgeordie

[samsensam]

organise your finances so you dont need to use ATMs that charge these fees.

[Matej]

Falang lich will pay ...

[JeffreyO]

Confirmed for Bangkok Bank today.

[hhgz]

" this is ludicrous. another nail........"

If an additional 50THB is such a hardship, you should have never left home.

[Langsuan Man]

Not that surprising since ATM fees in the US have been going up since the beginning of October

see this:

http://www.ibtimes.com/average-atm-fees-soar-more-450-most-expensive-fees-found-new-york-atlanta-milwaukee-2126208

Now averaging about $4.50 per transaction in the US. Using Bangkok Banks currency calculator the 200 THB fee equates to $5.59 at today's BB exchange rate

Here is a list of US checking accounts that reimburse foreign fees:

http://thepointsguy.com/2014/02/the-top-11-checking-accounts-for-avoiding-foreign-atm-fees/

[KhunBENQ]

Couldn't find anything on Bangkok Bank but did on Kasikorn, see below. Which bank did you use?

From Nov 6, 2015 - The service charge on cash withdrawal of all international or foreign credit cards via KBank's ATM machines will be charged at 200 Baht per transaction for VISA card and MasterCard, 50 Baht per transaction for China UnionPay (CUP) card and 20 Baht per transaction for all electronic cards issued by card issuer company in Thailand (Non Bank).

Just for completeness: of course this is not restricted to UK or US banks and not even related to the foreign banks (as the title might imply).

Its simply a decision of this honorable Thai Bankers association.

Is there some way to send a complaint to the govt, ncpo, etc about this? It's just so arbitrary how they can raise fees like this.

These organizations getting involved for the interests of foreigners against "the money" (which always has the real power)?

Keep on dreaming.

Edited November 8, 2015 by KhunBENQ

[Sandman77]

The can charge what the want my bank always refound me every penny!

[shirtless]

So business must be down on OS transaction fees , It didnt stay long at 180 per transaction.

[puukao]

free money for the banks......almost $6 USD plus what your home bank charges......

i can hear the backpackers crying now...

this is why i carry $9000 USD and tons of diamonds.......only been robbed once, but he wanted my gf....

win win

[roo860]

Is there some way to send a complaint to the govt, ncpo, etc about this? It's just so arbitrary how they can raise fees like this.

[bdenner]

Off coarse if the OP had taken the maximum 20,000 Baht that would have effectively halved the fee - 200 Baht fee applies to any amount withdrawn.

[KhunBENQ]

The can charge what the want my bank always refound me every penny!

Same for one or more German banks.

But I am anxiously waiting when they will set a "limit of tolerance".

[55Jay]

As long as Bangkok Bank is willing to do my over-the-counter Visa Debit withdrawals, I'm good. If they ever point me outside to the ATM, which would take 3 pulls/month, I would switch to ACH Transfers. Chuck Schwab is pretty good natured on the ATM fee reimbursement but $15-18/month might test that theory.

[Naam]

additional 20 Baht =

pauleddy Yesterday, 20:56

neuroleptic shock!

[Tywais]

Since there is another topic running titled ATM fees rise again will close this one to keep the information consolidated. http://www.thaivisa.com/forum/topic/869147-atm-fees-rise-again/