ATM fees rise again

[inzman]

Overnight Thai banks quietly raised the ATM fees for foreign cards to 200 baht. As if they went gouging enough. Tried kbank and then gsb both stated 200 baht fee. Guess I will use other avenues to get my money. These fees are prohibitive in my opinion. I guess we will now hear from the Thai apologists to justify these excessively large fees. Seriously though, it doesn't really affect me as my us bank reimburses my fees, still not fair though.

[roo860]

It's easy, have a thai bank account.

[chiang mai]

So anyone who answers your post and tries to explain the what and the why of the price increase is a Thai apologist, get a life!

[CharlieH]

MOVED TO BANKING

[KhunBENQ]

Indeed.

Another thread already running.

And now you can call it official.

Thai Bangsters Association has lifted again.

Fortunately I will not be effected till my pension will start.

[bkksteve123]

Charging 5€/6USD seems quite high. I don't remember even paying separate withdrawal fees within Europe or when I lived in Hong Kong and London (just the usual rip-off with exchange rate).

Can't remember how it is in neighbouring countries, does anyone know?

Thankfully, I have a thai bank account so no need to think about this nonsense. Of course, eventually getting all the money out of Thailand. That is another story.

[01322521959]

Well, about 20 years ago Siam commercial bank wanted to charge me 100 baht a year. I cancelled my cashpoint card and do all transactions face to face to this day

[tonray]

Well, about 20 years ago Siam commercial bank wanted to charge me 100 baht a year. I cancelled my cashpoint card and do all transactions face to face to this day

Wow...100 bath per year....those shameless profiteers ! Is there no moral line they will not cross ?

[lopburi3]

Well, about 20 years ago Siam commercial bank wanted to charge me 100 baht a year. I cancelled my cashpoint card and do all transactions face to face to this day

That was a normal ATM card fee - this is a per use fee for anyone having a foreign card and using it in Thailand being charged by banks here as an additional transaction charge. And then, as if that is not enough, some also try to coerce uses into using there local DCC rate of exchange to further make coin from the tourist tap.

[tonray]

It's easy, have a thai bank account.

That works if you are employed here and generate cash for that account. or you have a stash in your mattress. But if you intend to transfer monies from your foreign account, there is also a transfer fee up front.

[chiang mai]

It's easy, have a thai bank account.

That works if you are employed here and generate cash for that account. or you have a stash in your mattress. But if you intend to transfer monies from your foreign account, there is also a transfer fee up front.

The transfer fee from HSBC UK is GBP 4 per transaction, the receiving charge is typically under THB 500, there are no intermediary charges. Cost effective enough if done say twice a year and reliant thereafter on local Thai banks.

[roo860]

So anyone who answers your post and tries to explain the what and the why of the price increase is a Thai apologist, get a life!

No, get a thai bank account. It's easy, so please stop whining about a few bob.

Ps. I've got a great life thanks (and a thai bank account).

Edited November 8, 2015 by roo860

[Tywais]

Previous topic now closed to keep the information centralized - http://www.thaivisa.com/forum/topic/869050-atms-now-200b-for-drawing-cash-from-uk-or-us-banks/

[AyG]

No, get a thai bank account. It's easy, so please stop whining about a few bob.

That's not really an option for tourists. It's not so easy.

[roo860]

No, get a thai bank account. It's easy, so please stop whining about a few bob.

That's not really an option for tourists. It's not so easy.

True mate, so bring ya cash

[oncearugge]

No, get a thai bank account. It's easy, so please stop whining about a few bob.

That's not really an option for tourists. It's not so easy.

There is plenty of advice for tourists. An example in the link.

http://www.moneysavingexpert.com/travel/cheap-travel-money

[Pib]

A cut and paste/partial quotefrom the Bangkok Bank webpage/pdf document regarding certain fees...unfortunately, this document is only provided in Thai and the PDF image format so Google translate can not translate it. It says the new and improve (higher) fees are effective 9 Nov 15. Even with it being in Thai you can see Visa and Mastercard foreign cards will now have a Bt200 fee. About a year ago Bangkok Bank stopped providing some of their fees docs in English and Thai...now only Thai for some of the fee docs...guess that helps to keep farang in the dark better on certain fees.

The statement talking Bt150 I asked my Thai wife to tell me what it means in English and she couldn't really give me an answer I understood. Maybe that dealt with non-Visa and non-Mastercard type electronic cards....electronic cards that didn't carry any specific card network logo. Maybe someone fluent in Thai and English can translate it for us.

I notice the fee for China Union Pay, American Express and Cross Border cards is staying the same at Bt50.

[Pib]

And here's another member of the Thai Bankers Assn, Krungsri Bank, announcing the higher fee for foreign cards effective 6 Nov 15. Below cut and paste/quote from their webiste. Thai banks really like us farangs.

https://www.krungsri.com/bank/getmedia/5cd94db4-dc0f-4ca4-a209-dddbbc5c9e0c/Advance-Notification-06102015-EN.aspx

[nidieunimaitre]

Is AEON in the complot too?

[Pib]

Another Thai Bankers Assn member, Kaiskorn Bank, wiith its annoucment saying the foreign card fee is increased to Bt200 effective 6 Nov 15.

The Thai Bankers Assn ought to invite some farang customers to their meetings for some customer feedback.

Maybe now that the Thai Bankers Assn has the foreign card ATM use fee at Bt200, which is 10 times higher than the Bt20 fee for a Thai bank issued card used in another Thai bank's ATM, they will be happy (for a year maybe).

http://www.kasikornbank.com/EN/RatesAndFees/Charges/Pages/Charges.aspx

Edited November 8, 2015 by Pib

[Pib]

Is AEON in the complot too?

According to their website, as of today they are still at Bt150. They never did go to the Bt180 much less the Bt200 fee...but that's only as of today according to their website...time will tell, but I won't be surprised if they too don't raise to Bt200 in the near future...or maybe they'll go to Bt180. Time will tell.

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

[lust]

200baht and then my home bank hits me up for additional 150baht.. Sucks when I want to take out more than the 20,000 transaction limit.

[slipperylobster]

Getting pretty crazy...so I only use an ATM as a last resort.

Tourists are getting double priced, and gouged every which way.

I use XE foreign exchange purchase and have the baht wired here. There are cheaper ways, but this only cost me 21 usd for 3 months worth of baht.....and I get to choose when I want to buy (perhaps wait for a good rate). Can lock in that rate and afford the 7 day transfer. Trick is to always plan ahead, so that atm card never needs to be used.

For my own reasons...I don't want to go direct deposit to a foreign bank.

[4evermaat]

Is there a way to complain to the ministry of finance, NCPO, etc?

[Pib]

It amazing how the major Thai banks are raising the foreign card fee at the same time...shows how little banking competition there is in Thailand and how the banks must get together to discuss fees.

[nidieunimaitre]

It amazing how the major Thai banks are raising the foreign card fee at the same time...shows how little banking competition there is in Thailand and how the banks must get together to discuss fees.

As predicted by good old Karl in Das Kapital, 1867.

[YeahSiam]

Well, about 20 years ago Siam commercial bank wanted to charge me 100 baht a year. I cancelled my cashpoint card and do all transactions face to face to this day

What a stupid thing to

do just to save ฿100

a year

Edited November 8, 2015 by YeahSiam

[Happy Grumpy]

And here's another member of the Thai Bankers Assn, Krungsri Bank, announcing the higher fee for foreign cards effective 6 Nov 15. Below cut and paste/quote from their webiste. Thai banks really like us farangs.

https://www.krungsri.com/bank/getmedia/5cd94db4-dc0f-4ca4-a209-dddbbc5c9e0c/Advance-Notification-06102015-EN.aspx

Capture.JPG

"Thai banks really like us farangs."

Well, firstly it affects all foreign cards, not just 'farang' ones.

Secondly, it is signed off by 'Ms. Jaince Rae Van Ekeren. Acting President and CEO."

Doesn't sound like a Thai name to me.

[AyG]

Secondly, it is signed off by 'Ms. Jaince Rae Van Ekeren. Acting President and CEO."

I don't used LinkedIn, but if you do and can use it to send messages to Ms. Van Ekeren, her profile appears to be at https://www.linkedin.com/pub/jan-van-ekeren/6/59/624?trk=pub-pbmap It would be good to hear her justification for this ridiculously high charge.

[oncearugge]

And here's another member of the Thai Bankers Assn, Krungsri Bank, announcing the higher fee for foreign cards effective 6 Nov 15. Below cut and paste/quote from their webiste. Thai banks really like us farangs.

https://www.krungsri.com/bank/getmedia/5cd94db4-dc0f-4ca4-a209-dddbbc5c9e0c/Advance-Notification-06102015-EN.aspx

Capture.JPG

"Thai banks really like us farangs."

Well, firstly it affects all foreign cards, not just 'farang' ones.

Secondly, it is signed off by 'Ms. Jaince Rae Van Ekeren. Acting President and CEO."

Doesn't sound like a Thai name to me.

Most likely the ladies married name.

As far as I am aware senior banking positions in Thailand are not open to "foreigners"............