thecatman put a link to it, one of the first posts
https://www.thanachartbank.co.th/CDS/THANAC.../main/index.asp
0
Thai Banks To Start Charging For Atm Withdrawals ...... where a foreign card is used.
Started by AyG, 2009-04-06 18:51
#27
Senior Member Posted 2009-04-07 16:32:41
You are a fool for using a bank that charges you fees. there are many non-fee banks that issue ATMS. perhaps a better name would have been thinktoolittle?
Not a squeek was heard when other banks charge what they want. Now the world is falling apart when Thai banks (that actually provide the service and machines) come to table to get their (if anyone deserves, they do) cut. Look how WestPac Australia handles one transaction from Bangkok Bank ATM. There are 3 fees (17.21 A$) of total 450 baht for 1 single transaction charged by Westpac while service provider (BKK Bank) is doing it all and just onlooking, for free: 25 Mar 2009 WBC FEE - WITHDRAWAL AT O/S ATM BANGKOK THA S3DIP392023097240309 5.00 25 Mar 2009 WITHDRAWAL AT O/S ATM BANGKOK THA 10020.00THB 023097240309 406.99 25 Mar 2009 MASTERCARD CURRENCY CONVERSION FEE BANGKOK THA 10020.00THB 023097240309 4.07 25 Mar 2009 FEE - FOREIGN CURRENCY TRANS AT O/S ATM BANGKOK THA 10020.00THB 023097240309 8.14 Some even proclaimed this is a plot to drive foreigners out! What a nonsense. #28
Senior Member Posted 2009-04-07 16:34:05
So are there any major Thai Banks which are not members of Thai Bankers' Association?
#29
Star Member Posted 2009-04-07 16:37:11
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Yeah, it is a conspiracy. The Banks sit down with the government in smoky back rooms and work out ways to stick it to the poor defenseless farang. Diddums Get over it. You clearly have no idea about economics. The banks are charging it cause they are betting that people will pay it regardless, and that they won't go away. How is it in a banks interest to drive away clientele? They are betting that Mr Sextourist Jones and Mr BarStool Davies are going to go the the bank, and like always, pull out their money, and that this fee, while in the beginning an irritant, they'll quickly get used to paying. And you will get used to paying it. And you won't leave Thailand, will you? 
#30
Senior Member Posted 2009-04-07 16:38:11
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Yeah, it is a conspiracy. The Banks sit down with the government in smoky back rooms and work out ways to stick it to the poor defenseless farang. Diddums Get over it. You clearly have no idea about economics. The banks are charging it cause they are betting that people will pay it regardless, and that they won't go away. How is it in a banks interest to drive away clientele? They are betting that Mr Sextourist Jones and Mr BarStool Davies are going to go the the bank, and like always, pull out their money, and that this fee, while in the beginning an irritant, they'll quickly get used to paying. And you will get used to paying it. And you won't leave Thailand, will you? I think I will just open an account here and wire money in. That said, while its not a conspiracy, it does seem as though it would be illegal under the anti-trust laws of most already developed nations. (although I could very well be wrong about that). So it goes... in most life situations, these little hiccups can be avoided if you are clever. the dumb and lazy will just pay the crazy fee, as you have described. #31
Senior Member Posted 2009-04-07 16:57:18
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Yeah, it is a conspiracy. The Banks sit down with the government in smoky back rooms and work out ways to stick it to the poor defenseless farang. Diddums Get over it. You clearly have no idea about economics. The banks are charging it cause they are betting that people will pay it regardless, and that they won't go away. How is it in a banks interest to drive away clientele? They are betting that Mr Sextourist Jones and Mr BarStool Davies are going to go the the bank, and like always, pull out their money, and that this fee, while in the beginning an irritant, they'll quickly get used to paying. And you will get used to paying it. And you won't leave Thailand, will you? This has what to do with the thread apart from letting everyone know you have a few bahts worth of whatever.  W A  ****
Edited by sheff_mick, 2009-04-07 16:59:08. #32
Senior Member Posted 2009-04-07 17:03:12
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Your joking right? Do you seriously think any tourist/foreigners is going to change their minds and not go to Thailand because of this? If you live here and depend on cash from overseas then simply do a wire transfer once a month or so. Tompa, #33
Senior Member Posted 2009-04-07 17:09:06
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Your joking right? Do you seriously think any tourist/foreigners is going to change their minds and not go to Thailand because of this? If you live here and depend on cash from overseas then simply do a wire transfer once a month or so. Tompa, #34
Senior Member Posted 2009-04-07 17:36:02
Big deal. Banks are busineses, not public services.  Many major British, European and American banks are most certainly not private stand alone businesses, you could be sure the same rules would apply to Thai banks in similar circumstances. Edited by sanmiguel, 2009-04-07 17:40:38. #35
Senior Member Posted 2009-04-07 17:39:39
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Your joking right? Do you seriously think any tourist/foreigners is going to change their minds and not go to Thailand because of this? If you live here and depend on cash from overseas then simply do a wire transfer once a month or so. Tompa, It'd be good to know the actual cost of using the machine and the setting up the computer system that transfers the money, id be willing to bet it'd be nearer a few baht then to 150 baht, this 150bht does seem excessive, thing is most tourists using Atm's in Thailand wont know about this extra charge until they return home. #36
Senior Member Posted 2009-04-07 17:43:24
Thailand is trying everything in its power to disuade foreigners from coming here. Mind you, thats quite a wack, 150 baht, more than most countries. Ernest Your joking right? Do you seriously think any tourist/foreigners is going to change their minds and not go to Thailand because of this? If you live here and depend on cash from overseas then simply do a wire transfer once a month or so. Tompa, It'd be good to know the actual cost of using the machine and the setting up the computer system that transfers the money, id be willing to bet it'd be nearer a few baht then to 150 baht, this 150bht does seem excessive, thing is most tourists using Atm's in Thailand wont know about this extra charge until they return home. #37
Finding it increasingly harder to Re Member Posted 2009-04-07 17:49:37
So are there any major Thai Banks which are not members of Thai Bankers' Association? Bangkok Bank Krung Thai Bank Bank Of Ayudhya Kasikorn Bank Thai Military Bank Siam Commercial Bank Standard Chartered Bank Siam City Bank BankThai UOB Bank Thanachart Bank Tisco Bank Land And Houses Retail Bank ACL Bank Kaitnakin Bank Thai Credit Retail Bank Edited by thecatman, 2009-04-07 17:50:30. #38
Finding it increasingly harder to Re Member Posted 2009-04-07 18:01:46
Yeah, basically. Also, most tourists will be getting charged just like thinktoolittle because they did not know or bother to find a fee-free atm card anyways. The only time you'll be able to withdraw from an ATM and not get charged this fee is when you use your Thai ATM card, something very few tourists are likely to have. Edited by thecatman, 2009-04-07 18:06:05. #39
Star Member Posted 2009-04-07 19:22:20
It'd be good to know the actual cost of using the machine and the setting up the computer system that transfers the money, id be willing to bet it'd be nearer a few baht then to 150 baht, this 150bht does seem excessive, thing is most tourists using Atm's in Thailand wont know about this extra charge until they return home.  add up the blocked capital for the cost of thousands of ATMs as well as their content and then repeat "cost nearer to a few Baht". providing ATMs is a service rendered which is not free of charge. no bank transfers any money without charging a fee, that applies to the initiating and to the receiving bank. cashing from an ATM is nothing but a transfer. the only thing excessive is the number of installed ATMs in Thailand. 
#41
Super Member Posted 2009-04-07 19:41:21
thecatman
quote ... The only time you'll be able to withdraw from an ATM and not get charged this fee is when you use your Thai ATM card use your Thai ATM card in the branch you have an account in = NO Charge use the same card at ANY other branch of the same bank ( or any other ) anywhere in thailand = a 20 baht charge thats what happens with my thai millitary bank and krung thai accounts at least. regards .....dave2 #42
my way or the highway Posted 2009-04-07 19:48:17
i sometimes go to my bank with my card and passport if i want larger amounts ,no charge made ,does anyone think you will be able to do this ?
nationwide charging 1% plus 150 baht ,quite a chunk as i use atm 6 or 7 times a month. #43
Newbie Posted 2009-04-07 21:08:38
When we put our card in the ATM will they tell us there is a charge ?
Also the uk limit is £300 and you cannot withdraw 15,000 now ..........If you get 52 baht to the £ maybe you can. So it does'nt make sense to withdraw small amounts. #44
Senior Member Posted 2009-04-07 21:15:39
Most, if not all, European banks have been or will be charging for ATM use abroad. This generally comprises an ERTF ( Exchange rate transfer fee ) of up to typically 2.75% per transaction and a further commission fee usually limited to a maximum of say £5 per transaction. Withdrawing say 10,000 bt would involve a cost of £10 or thereabouts. The proposed Thai fee of 150bt is therefore quite modest in comparison and probably of no concern to the average tourist prizing ease of convenience over economy. However, an expat using ATMs accessing foreign accounts would have to be foolish ( or rich enough ) to fund his residence over a prolonged period. Increasingly, lower limits on withdrawals have been imposed necessitating more frequent usage thus adding to bank profits.
Frankly, an annual transfer to a domestic account appears to be the best route and probably one which the Thai would wish to encourage for obvious reasons. #45
Platinum Member Posted 2009-04-07 21:38:05
Yeah, basically. Also, most tourists will be getting charged just like thinktoolittle because they did not know or bother to find a fee-free atm card anyways. Listen, you newbie. All your idiotic posts all over the board just imply you have no idea where you are. Your Thai woman is driving you nuts. That happens to social rejects from the West. Rookie, "think too mutt " is a Thai expression for a very anxious state of mind. That's when they get crazy and make you a fool, running like a headless chicken , as we can see you running every day on this board. About the banks, Siam City Bank has no fees for using their ATMs. Big deal - they don't but the originating banks do. #46
Senior Member Posted 2009-04-07 21:38:35
When we put our card in the ATM will they tell us there is a charge ? Also the uk limit is £300 and you cannot withdraw 15,000 now ..........If you get 52 baht to the £ maybe you can. So it does'nt make sense to withdraw small amounts. #47
Senior Member Posted 2009-04-07 21:42:35
and if it was known that the fees are excessive then what? UN Security Council sanctions? Surely all bank charges in Thailand are governed by the same laws, if Thais were to get charged 150 baht (which as all i know they do) then surely this would be seens as excessive profit and the government could put limits on such cartel like profiteering. But Thailand have been used to a one sided free trade agreement with western nations for so long that they dont know what free trade is. #48
Senior Member Posted 2009-04-07 22:21:56
Miguel,
Which bit of my post did you not comprehend? #49
Super Member Posted 2009-04-07 22:28:57
I think the handwriting is on the wall for continuing increases in the costs of ATM use here in Thailand, either from the home country end or the Thai end. Banks worldwide are trying to increase profits and this is an easy way. Less favorable currency conversion rates or charges are probably coming too.
Unfortunately, I think the best means of getting my monthly U.S. retirement money will be via money transfer. When I visit my daughter there in June, I plan to research out the best financial institution to use. I would rather not use a bank, but rather a credit union somewhere which usually has much lower fees overall. However, I read somewhere on TV that one bank (I think Citibank) allows wire transfers to be evoked online, which is a huge advantage over having somebody back home on a joint account go to the bank to initiate the transfer each month. All that said however, our biggest concern/vulnerablity is the conversion rate from our home currency to the baht. ATM usage charges, although annoying as hel_l, for most of us are much less a factor in the determination of our net monthly income over time. #50
Finding it increasingly harder to Re Member Posted 2009-04-07 23:17:25
thecatman quote ... 'The only time you'll be able to withdraw from an ATM and not get charged this fee is when you use your Thai ATM card' use your Thai ATM card in the branch you have an account in = NO Charge use the same card at ANY other branch of the same bank ( or any other ) anywhere in thailand = a 20 baht charge thats what happens with my thai millitary bank and krung thai accounts at least. regards .....dave2 Edited by thecatman, 2009-04-07 23:29:57. |
Sponsored by ...
|
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
