true or false

[zoza]

a friend has assured me he has not paid any ATM fee's by taking his UK ATM card and passport into the bank 

I recall about 18 years ago you could go into the bank( on second rd pattaya next to Kiss restaurant) and get money out but I have searched TV and only found

one vague mention. if this is true someone will know ?   `cheers.

[sirmud63]

yep , true , been doing it for years with bkk bank . also some exchange booths will do it free.

[lopburi3]

But you still may be hit with home country bank charges/foreign usage (if UK has) and the exchange rate will be set to the card type used.

[Pib]

The one Bangkok Bank branch (full service branch) I frequently use will not do it for a debit/ATM card (they just point  you to their ATM); but they will gladly do it for a credit card.  The Krungsri Branch  I use most of the time will accept a debit or credit card.     I'm in Bangkok.  It can vary from bank to bank or branch to branch whether they will accept a debit card; but all should accept a credit card.

 

I have no foreign transaction fee debit and credit cards.  The credit cards I use for cash advance do not charge any cash advance fee (some of the few that don't charge a cash advance fee) and I prepay the amount I plan to get....end result no fees or interest.   End result absolutely no fees for me when using my debit or credit cards (U.S. cards).    

 

Some may ask why do I use a credit card...well, for me, it because the credit card has a $2,000 USD per day/transaction cash limit while the debit card has a $1,000 per day/transaction cash limit.

 

And the Bangkok Bank branch and Krungsri Bank branch I use for counter withdrawals (a.k.a., cash advance) do not charge any fee.   I've been doing these type of counter withdrawals for around 2 years now.

 

As mentioned by another poster, your home country card-issuing bank may still apply fees....don't blame any such fees which are common with most cards on the Thai bank you use for the counter withdrawal.

 

Edited November 7, 2016 by Pib

[zoza]

I tried with the Kasikorn Bank in Central Festival yesterday and was told 3%

and then directed to the atm . ok it did give me 20k for 200 baht fee but next time I will try my uk fee free credit card in the Bangkok Bank and see what they say. I doubt I will get out for nowt as they say....but you never know ...thanks for the info

[lopburi3]

Normally a credit card charges interest on a cash withdrawal from day of access until paid so make sure you have that covered as Pib mentioned.

[Pib]

Definitely confirm whether your "....uk fee free credit card" charges a cash advance fee (3% is typical) or not.  Just because it may not change a foreign transaction fee or annual fee does not mean it may not charge a cash advance fee whether  you are inside or outside the U.S.  

 

Fortunately, I have a couple of no-fee U.S. credit cards that do not charge a cash advance fee, foreign transaction fee, or annual fee.  But these cards "do" start charging interest from day one of the cash advance and to avoid that I pre-pay the approx amount I plan to get.  Ex: I pre-pay $2,000 since I always do a cash advance for a little less than that amount and the second the cash advance hits the system it is automatically paid off....zero interest charge.

 

I also have some U.S. credit cards that do not charge foreign transaction fee or annual fee, but they "do" charge a cash advance fee.

 

And if your card does not charge a cash advance fee and you want to pre-pay to avoid any interest, then also be sure you card will allow a positive/credit balance (excluding refunds that sometimes created a positive/credit balance).   Some card-issuing financial  companies do not; the payment will not be allowed/accepted.   For example, those credit cards I mentioned that I use for cash advances will not allow a payment that causes a positive/credit balance when making that payment internally on their ibanking system...like when transfer a payment from your savings/checking account with that bank to the credit card with that bank....basically it doesn't allow an internal payment to cause a positive balance.   However, if you initiate the positive payment from another bank (i..e., pushing the money) they will accept it and that is what I have been doing for around 2 years.

 

Just be sure of the fees....don't assume.   And if you want to avoid any interest make sure you can make a prepayment; otherwise, you need to wait until the cash advance hits the system and then immediately pay it off which would only result in a one or a couple days of interest.

 

 

 

 

 

[zoza]

yes pib you are correct I think ? I try to keep my fee free uk credit card paid up mostly on the same day but after a check I have seen interest of roughly 250 baht being charged to that account in the last six months or so , as the interest is mostly below a pound I have not took much notice but I cannot remember being told of any interest charges, but I think I applied online for it. I will check it out.

while i'm on here has any one got a kasikorn  K- SME  debit card, as I have been charged 800 baht but the highest yearly card fee is 650 baht or am I on the wrong page?