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[summers]

isaanbrit, on 2009-05-04 12:51:12, said:

wooohoooo - :-))))))

Is it true that some banks still don't charge now? ??

IT is true, for example: Bank of Ayudiyah does not charge an extra fee, whereas, Siam Commercial Bank cheerfully charges an extra 150 baht.

[Priceless]

khaowong1, on 2009-05-04 09:48:00, said:

what really makes me hot is, when the banks started with the ATM thing, their reasoning was, it would be less costly to the customer, because these atm's would be handled by machines and not paid employees, therefore not costing the banks any money and not costing the customers any money.. savings all around... well, that crap didn't last long, did it? In my estimation, banks are only one rung down the ladder from lawyers.. who are one rung the ladder down from used car salesman.  

Well, ATMs have been around for at least thirty (30) years, so it did take a while

/ Priceless

[Phil Conners]

friendlyguy01, on 2009-05-04 13:29:36, said:

Here is what I do to cut all that crap out. You can do this if you have a Thai bank account. I have a Siam Commercial Bank account. I setup a Paypal account noting the country as Thailand during the setup. I added my Siam Commercial Bank account to it. It was listed as a bank in the drop down. I also have an American Paypal so what I do is transfer money from my Paypal American account to my Paypal Thailand account. If i do over 5000 baht there is no fee otherwise it's 50 baht. It takes about 7 days to transfer the money but I pay NOTHING. Even when I paypal myself to the Thailand Paypal, they take nothing. Then the money hits my SCB account. I know it might seem like a lot of steps but honestly it takes me 1 minute to do the transfer and I just wait. This is how I pay my rent and get my money here in Thailand because Wells Fargo in America charges a ATM fee, International Currency Fee and some other crap. So, i don't get charged all the fees. The only drawback could be the exchange rate on the baht but it's fairly decent right now.

Check out the exchange rate they give you. It's atrocious!  You may not pay any fees but you're being butchered by the exchange rate they give you.

[Mali1964]

spaceshipcrew, on 2009-05-04 14:25:22, said:

Quote

As recently as this past weekend, I can confirm that both Bangkok Bank and Bank of Ayuthaya are NOT charging any fees for foreign card ATM withdrawals, so best to use these - at least for the time being.

Nonsense, they were the ones who started with it !

Bank of Ayuthaya have been reported as fee free from the start & remain so today, where as Bangkok Bank users have been reporting charges made, though some have said they were not charged at Bangkok bank ATM's which makes it confusing

[dezy1801]

mortenaa, on 2009-05-04 16:50:10, said:

khunjake, on 2009-05-04 14:41:55, said:

Actually you are being charged something, a shitty exchange rate!

Did you bother to look at the rate they gave you at the bank when you did that transaction?

Maybe this differ from bank to bank, but in my experience the same rate. Bank of Audhaya

Mortenaa my bank is a little bit a difference (hardly shitty) from the UK to my Thai account but I think khunjake is just a little bitter about the whole thing he should maybe get out more

[BlueSmurf]

spaceshipcrew, on 2009-05-04 13:25:22, said:

Quote

As recently as this past weekend, I can confirm that both Bangkok Bank and Bank of Ayuthaya are NOT charging any fees for foreign card ATM withdrawals, so best to use these - at least for the time being.

Nonsense, they were the ones who started with it !

Yes last Friday the Bangkok bank chareged me 150 baht to withdraw 15'000 baht...last year I paid a extra 12.95 GBP to my Hsbc bank in the UK so I would not get any ATM fees at their end!! I will still pay this as I get ID theft insurance but ffs!!!
I have raised my limit so I can take more out and was told Sunday this had taken effect immediatly but yesterday I could only get the same 15,000 out..It just goes on and on........Do not want to bring large amounts over because the perverbial shit is likely to hit the fan at anytime here......

[jimbo38]

"Well, ATMs have been around for at least thirty (30) years, so it did take a while"


It didn't take them thirty years to start charging at the ATM.  As soon as people got used to being charged for using the teller inside the bank they started charging for using the ATM.

I use a Credit Union in the USA.  I don't get charged for the first four withdrawals per month at other ATMs and have unlimited withdrawals at the CU's ATMs and I never get charged for going inside and using a human being teller.   For every 1 dollar I keep at the CU that's one share of the CU that I own!!!!    Every one needs to take their money out of the banks and put it in a CU.  Put the banks out of business!!!!

arrrgggghhhh!!!!!!!!!!!

[Hog Head]

friendlyguy01, on 2009-05-04 13:29:36, said:

Here is what I do to cut all that crap out. You can do this if you have a Thai bank account. I have a Siam Commercial Bank account. I setup a Paypal account noting the country as Thailand during the setup. I added my Siam Commercial Bank account to it. It was listed as a bank in the drop down. I also have an American Paypal so what I do is transfer money from my Paypal American account to my Paypal Thailand account. If i do over 5000 baht there is no fee otherwise it's 50 baht. It takes about 7 days to transfer the money but I pay NOTHING. Even when I paypal myself to the Thailand Paypal, they take nothing. Then the money hits my SCB account. I know it might seem like a lot of steps but honestly it takes me 1 minute to do the transfer and I just wait. This is how I pay my rent and get my money here in Thailand because Wells Fargo in America charges a ATM fee, International Currency Fee and some other crap. So, i don't get charged all the fees. The only drawback could be the exchange rate on the baht but it's fairly decent right now.

That beats the 45.00 CAD I pay on my regular monthly wire.
I think I will give it a go

[BlueSmurf]

SurfTrader, on 2009-05-04 14:58:05, said:

"I tried going into the bank and withdrawing money using my card and producing my passport and withdrew 50,000 baht and was not charged anything from the Siam bank and HSBC so from now on I will just go into the bank as it will save money."
  
( apologies for this cross-posting to those reading the other threads, but hopefully more information will eventually lead to more enlightenment    )
    
From an example in another TV thread on this subject, SCB quoted a  lower exchange rate for doing an over-the-counter transaction vs. using  their ATM -- whether or not other Thai banks have the same variance in  their rates is unclear -- below is an example and a summary of the  pertinent issues as they currently stand:
      
1) If you go to  SCB's ATM and use a Debit Card to withdraw 20,000 Baht from a foreign  account, your account will be charged a 150 Baht fee ( US $4.25 )
      
2)  If you go to the counter in the same bank and ask for 20,000 Baht,  you'll be charged an additional US $21.65 due to the difference in the  Exchange Rate between the ATM and the counter.
  
3) If you go to a Kasikorn or Ayudhya or GSB ATM and use the same Debit Card, there won't be ANY additional charge.
    
How long Kasikorn and Ayudhya will continue to NOT charge the 150 Baht fee is unknown, but there is reason to suspect that GSB will remain free of the 150 Baht charge  because they don't appear to be a member of the cabal that is imposing  the new fee. Additionally, GSB's ATM transaction limit is 30,000 Baht  -- at Kasikorn and Ayudhya the limit is 20,000
.

This sounds helpful...Sorry but can you give the full name for GSB Eludes me at the moment..Must be having a elderly momement..Thanks in advance

[McFarang]

friendlyguy01, on 2009-05-04 14:29:36, said:

Here is what I do to cut all that crap out. You can do this if you have a Thai bank account. I have a Siam Commercial Bank account. I setup a Paypal account noting the country as Thailand during the setup. I added my Siam Commercial Bank account to it. It was listed as a bank in the drop down. I also have an American Paypal so what I do is transfer money from my Paypal American account to my Paypal Thailand account. If i do over 5000 baht there is no fee otherwise it's 50 baht. It takes about 7 days to transfer the money but I pay NOTHING. Even when I paypal myself to the Thailand Paypal, they take nothing. Then the money hits my SCB account. I know it might seem like a lot of steps but honestly it takes me 1 minute to do the transfer and I just wait. This is how I pay my rent and get my money here in Thailand because Wells Fargo in America charges a ATM fee, International Currency Fee and some other crap. So, i don't get charged all the fees. The only drawback could be the exchange rate on the baht but it's fairly decent right now.

Thats a good idea with Paypal, I have an HSBC account in Dubai best interest rate at the moment 3.5% on savings. I transfer Money monthly to my Thai HSBC Account in Bangkok it costs me nothing and HSBC Bangkok always give a good exchange on US into THB (35.5 last month.)
Although Foreign Banks are only allowed one Branch in Thailand so no HSBC in Phuket I can withdraw from all ATMs without charge (I think) will have to check.
The advice to open a Thai Account is a good one and just drip feed it I always state Thailand Living Expenses on Internet transfers and that keeps the Bank & Gov happy.

[tartempion]

spaceshipcrew, on 2009-05-04 14:22:09, said:

I use a normal ATM card, why I have to pay for MasterCard and Visa users ?

Let the banks not forget that we already pay 2,95 euro (140 bath) per transaction to our own banks, that makes the total costs for us 290 bath !!!!

Indeed I checked my bank's small letters on ATM use outside of EEA (European Economic Area) and they charge 2,86 euro + .3% on the transaction amount, no way I will believe this is compensation for MY bank to use other banks ATM's network since they charge a yearly fee for issuing/using the card to begin with, that should rather pay the foreign bank system. Thus the additional 150B seems a scam to me.

Edited by tartempion, 2009-05-04 16:40:13.

[thaimate]

johnnynmonic, on 2009-05-04 13:05:12, said:

Seems like Kasikorn still doesn't charge.  At least, there is no on screen notice, and nothing about it on the receipt...

didnt charge as of 4pm

[invex]

Listen to this and pls, administrator, don’t delete this post again.

It takes a long time to type and then the post is deleted for some strange reason. Why? I post a very short message now.

A few weeks back I wanted to buy a car in BKK. I went to a Kasikorn Bank to take 100.000 Baht from my account and to use it as a deposit for the car. They charged me about 500 Baht to take the money. At the end of the day, I decided not to buy the car so, I went back to Kasikorn Bank and with a big smile they took my 100.000 Baht back. Of course the fee again was about 500 Baht.

Almost 1.000 Baht to take some of my money from my account and bring it back in the evening.

Good bank-business in Thailand. I still feel no good about that. Crazy.

[gbswales]

The three big Pariahs of the world are Lawyers, Insurance companies and Banks  - we all deposit millions into these institutions - do they gratefully appreciate that we trust them to look after our money - giving them funds to play with - No way what they do is to look for any opportunity to charge us for lending THEM our money.  Over the last 30 years the technology has seen a revolution - unfortunately the banking industry have simply looked at how it makes life easier for them rather than their customers. They like to keep all the inconveniences of the paper banking days just to convince us that we should still be charged. Thai banks are no different to any others and I would ask why UK banks

- Why does it take up to 5 working days for a payment made on line to reach the recipients bank - when in reality this could happen in as many minutes!  They will say it is to prevent money laundering ahem I am sorry but when I send about 2-3 payments a week most of which are for less than £50, and when I have been their customer for 14 years- exactly what suggests that I might be money laundering.

- I send emails to Thailand which cost me no more than sending an email to my next door neighbour - therefore it shouldnt cost any MORE to send £200 to Thailand than it would to send it to someone in the UK and yet I am likely to be charged anything from £10 -£20 per transaction.

- Why arent things like direct debits, standing orders worldwide things so that you can set up regular payments to people abroad

- Why does it cost them £12 to send an automated notice that you are overdrawn (or missed a credit card payment) - why dont the send you an email free of charge instead - if I miss a payment or go overdrawn I already pay exhorbitant interest on it so what possible excuse is there for these kind of penalty charges

Frankly I dont single out Thai Banks because they charge a bit more than someone else - I accuse them all - American, British, European of finding any excuse they can to fleece their customers. The ironic thing is that they manage all OUR money so badly that they are the principal cause of the current recession!

[AsiaCheese]

gbswales, on 2009-05-04 11:50:31, said:

The three big Pariahs of the world are Lawyers, Insurance companies and Banks ...

[EmptyMind]

Just went to Villa market. Bangkok Bank ATM told me insufficient funds, utter crap. Went to the Kasikorn Machine next to it and got charged 150Bht with the same card. Another prime example of Thailands hidden racism.

[Mali1964]

davidwright, on 2009-05-04 17:34:24, said:

SurfTrader, on 2009-05-04 14:58:05, said:

"I tried going into the bank and withdrawing money using my card and producing my passport and withdrew 50,000 baht and was not charged anything from the Siam bank and HSBC so from now on I will just go into the bank as it will save money."
  
( apologies for this cross-posting to those reading the other threads, but hopefully more information will eventually lead to more enlightenment    )
    
From an example in another TV thread on this subject, SCB quoted a  lower exchange rate for doing an over-the-counter transaction vs. using  their ATM -- whether or not other Thai banks have the same variance in  their rates is unclear -- below is an example and a summary of the  pertinent issues as they currently stand:
      
1) If you go to  SCB's ATM and use a Debit Card to withdraw 20,000 Baht from a foreign  account, your account will be charged a 150 Baht fee ( US $4.25 )
      
2)  If you go to the counter in the same bank and ask for 20,000 Baht,  you'll be charged an additional US $21.65 due to the difference in the  Exchange Rate between the ATM and the counter.
  
3) If you go to a Kasikorn or Ayudhya or GSB ATM and use the same Debit Card, there won't be ANY additional charge.
    
How long Kasikorn and Ayudhya will continue to NOT charge the 150 Baht fee is unknown, but there is reason to suspect that GSB will remain free of the 150 Baht charge  because they don't appear to be a member of the cabal that is imposing  the new fee. Additionally, GSB's ATM transaction limit is 30,000 Baht  -- at Kasikorn and Ayudhya the limit is 20,000
.

This sounds helpful...Sorry but can you give the full name for GSB Eludes me at the moment..Must be having a elderly momement..Thanks in advance

Yes its Government Savings Bank their ATM'S are bright pink, here is their website to refresh your elderly moment


http://www.gsb.or.th...eo/index_en.php

[davidkas]

spaceshipcrew, on 2009-05-04 14:25:22, said:

Quote

As recently as this past weekend, I can confirm that both Bangkok Bank and Bank of Ayuthaya are NOT charging any fees for foreign card ATM withdrawals, so best to use these - at least for the time being.

Nonsense, they were the ones who started with it !

No sorry but it is you that is wrong Bank of Ayuthyah are not making any charge, not for my card anyway which is with the Nationwide Bank in the UK.

Regards David

[aslimversgwm]

womble, on 2009-05-04 14:57:25, said:

12346, on 2009-05-04 14:50:17, said:

As a foreigner it,s not possible to have a internetbankaccount but for Thai people there are. I don´t understand this. When I am outside Thailand I can not look at my account on internet. I can´t make payment to people or company from my bankaccount when I am abroad. This is bad service from Thai Banks.

not true, I have internet banking at SCB and Kasikorn......

Kasikorn is better. I also have an online card (no tangible card, but all the details and no's to do online transactions), very handy.

Yep - I've got full internet banking in English, (easy navigation and better functionality than most UK or European banks), with Krung Thai Bank and Bangkok Bank - KT set-up in Phetchabun, BKK in Chiang Mai.
It helps if you have a Thai friend with you as in Phetchabun where no one speaks English and in CM there are many English speaking managers who deal with farangs every day and know the ropes.
It is easy to use, secure, and very fast on broadband.
I can pay bills, set-up standing orders and transfer money to the many different bank accounts my bf has - just like that! And he knows it, of course!!
The fees are minimal ranging from about 10 to 25 baht a throw.

[gavstah]

spaceshipcrew, on 2009-05-04 13:25:22, said:

Quote

As recently as this past weekend, I can confirm that both Bangkok Bank and Bank of Ayuthaya are NOT charging any fees for foreign card ATM withdrawals, so best to use these - at least for the time being.

Nonsense, they were the ones who started with it !

Actually, in my experience this is 1/2 right.  Bangkok Bank here in Pattaya prompted me for the fee. I've been using Krungsri (Ayuthaya) Bank's yellow ATMs in several locations around Pattaya since this fee went into effect, and have yet to be charged the 150 baht.

I actually tested several ATMs at the new mall on Beach Road in Pattaya this weekend on the "bank" floor (several banks next to each other)

Was prompted for 150 baht fee at: Siam Commercial Bank, Bangkok Bank, Thaichanart (sp) Bank.  

Was not prompted - nor was I charged a fee at:  Krungsri (Ayuthaya) or  Kasikorn Bank.  Cards used were an eTrade bank ATM card, and a WAMU (Washington Mutual) card.  No fee charged on the back end so far (except for WAMU's standard 1% foreign exchange fee) according to my online statements.

Having said that, I have a friend who says he was charged the fee by a Krungsri ATM using his BofA ATM card.  So it seems somewhat random so far.

[dezy1801]

SurfTrader, on 2009-05-04 15:58:05, said:

"I tried going into the bank and withdrawing money using my card and producing my passport and withdrew 50,000 baht and was not charged anything from the Siam bank and HSBC so from now on I will just go into the bank as it will save money."
  
( apologies for this cross-posting to those reading the other threads, but hopefully more information will eventually lead to more enlightenment    )
    
From an example in another TV thread on this subject, SCB quoted a  lower exchange rate for doing an over-the-counter transaction vs. using  their ATM -- whether or not other Thai banks have the same variance in  their rates is unclear -- below is an example and a summary of the  pertinent issues as they currently stand:
      
1) If you go to  SCB's ATM and use a Debit Card to withdraw 20,000 Baht from a foreign  account, your account will be charged a 150 Baht fee ( US $4.25 )
      
2)  If you go to the counter in the same bank and ask for 20,000 Baht,  you'll be charged an additional US $21.65 due to the difference in the  Exchange Rate between the ATM and the counter.
  
3) If you go to a Kasikorn or Ayudhya or GSB ATM and use the same Debit Card, there won't be ANY additional charge.
    
How long Kasikorn and Ayudhya will continue to NOT charge the 150 Baht fee is unknown, but there is reason to suspect that GSB will remain free of the 150 Baht charge  because they don't appear to be a member of the cabal that is imposing  the new fee. Additionally, GSB's ATM transaction limit is 30,000 Baht  -- at Kasikorn and Ayudhya the limit is 20,000
.

NEVER GOT CHARGED FROM SIAM OR THE HSBC HOPE THIS IS ENOUGHT ENLIGHTENMENT FOR YOU.

[aslimversgwm]

davidkas, on 2009-05-04 17:17:14, said:

spaceshipcrew, on 2009-05-04 14:25:22, said:

Quote

As recently as this past weekend, I can confirm that both Bangkok Bank and Bank of Ayuthaya are NOT charging any fees for foreign card ATM withdrawals, so best to use these - at least for the time being.

Nonsense, they were the ones who started with it !

No sorry but it is you that is wrong Bank of Ayuthyah are not making any charge, not for my card anyway which is with the Nationwide Bank in the UK.

Regards David

Just been in to the Bangkok Bank branch in the main shopping centre here in Chiang Mai and at the Currency Exchange desk used my Barclays Visa Debit Card to take out 30,000 baht - it cost me nothing. Sure Barclays will charge me - usual UK bank rip-off amount but please leave the Thai banks out of it. They are either free or very, very cheap in comparison. What nonsense you guys post on here - get real.

[SurfRider]

"Wells Fargo in America charges a ATM fee, International Currency Fee and some other crap"
    
If you're from the U.S. and have a U.S. address, phone number, and driver's license ( or have a friend there who will allow you to use his ), one option for avoiding ANY and ALL charges in transferring funds, as well as receiving the best possible current Exchange Rate, is opening an E-Trade Checking Account with a free Visa Debit Card.  
  
You can get the funds from any ATM anywhere in the world in the local currency.  An Account can be opened on-line and also be managed on-line from anywhere in the world.
    
I've lived in Siam for almost 5 years-- I transfer funds about twice a month and have NEVER paid even one baht in fees of any type.  

There are probably other banks or credit unions that offer no-fee transfers also.  
  
https://us.etrade.co...maxratechecking
  
      
"can you give the full name for GSB Eludes me at the moment"
    
GOVERNMENT SAVINGS BANK
  
http://www.gsb.or.th...eo/index_en.php
.

[BlueSmurf]

gbswales, on 2009-05-04 16:50:31, said:

The three big Pariahs of the world are Lawyers, Insurance companies and Banks  - we all deposit millions into these institutions - do they gratefully appreciate that we trust them to look after our money - giving them funds to play with - No way what they do is to look for any opportunity to charge us for lending THEM our money.  Over the last 30 years the technology has seen a revolution - unfortunately the banking industry have simply looked at how it makes life easier for them rather than their customers. They like to keep all the inconveniences of the paper banking days just to convince us that we should still be charged. Thai banks are no different to any others and I would ask why UK banks

- Why does it take up to 5 working days for a payment made on line to reach the recipients bank - when in reality this could happen in as many minutes!  They will say it is to prevent money laundering ahem I am sorry but when I send about 2-3 payments a week most of which are for less than £50, and when I have been their customer for 14 years- exactly what suggests that I might be money laundering.

- I send emails to Thailand which cost me no more than sending an email to my next door neighbour - therefore it shouldnt cost any MORE to send £200 to Thailand than it would to send it to someone in the UK and yet I am likely to be charged anything from £10 -£20 per transaction.

- Why arent things like direct debits, standing orders worldwide things so that you can set up regular payments to people abroad

- Why does it cost them £12 to send an automated notice that you are overdrawn (or missed a credit card payment) - why dont the send you an email free of charge instead - if I miss a payment or go overdrawn I already pay exhorbitant interest on it so what possible excuse is there for these kind of penalty charges

Frankly I dont single out Thai Banks because they charge a bit more than someone else - I accuse them all - American, British, European of finding any excuse they can to fleece their customers. The ironic thing is that they manage all OUR money so badly that they are the principal cause of the current recession!

Excellent POST true and to the point! Its about time the Banks realised we are not fools anymore but as  individuasl we have no clout other than moving our business to another bank which has a slightly better offer... but we don't because we are too lazy and have been brainwashed into thinking its too hard..Its not I will be moving from HSBC to lloyds because they offer a better savings rate!! Well I think i will........................................maybe...Ok will have a beer and think about it...

[BlueSmurf]

dezy1801, on 2009-05-04 17:29:24, said:

SurfTrader, on 2009-05-04 15:58:05, said:

"I tried going into the bank and withdrawing money using my card and producing my passport and withdrew 50,000 baht and was not charged anything from the Siam bank and HSBC so from now on I will just go into the bank as it will save money."
  
( apologies for this cross-posting to those reading the other threads, but hopefully more information will eventually lead to more enlightenment    )
    
From an example in another TV thread on this subject, SCB quoted a  lower exchange rate for doing an over-the-counter transaction vs. using  their ATM -- whether or not other Thai banks have the same variance in  their rates is unclear -- below is an example and a summary of the  pertinent issues as they currently stand:
      
1) If you go to  SCB's ATM and use a Debit Card to withdraw 20,000 Baht from a foreign  account, your account will be charged a 150 Baht fee ( US $4.25 )
      
2)  If you go to the counter in the same bank and ask for 20,000 Baht,  you'll be charged an additional US $21.65 due to the difference in the  Exchange Rate between the ATM and the counter.
  
3) If you go to a Kasikorn or Ayudhya or GSB ATM and use the same Debit Card, there won't be ANY additional charge.
    
How long Kasikorn and Ayudhya will continue to NOT charge the 150 Baht fee is unknown, but there is reason to suspect that GSB will remain free of the 150 Baht charge  because they don't appear to be a member of the cabal that is imposing  the new fee. Additionally, GSB's ATM transaction limit is 30,000 Baht  -- at Kasikorn and Ayudhya the limit is 20,000
.

NEVER GOT CHARGED FROM SIAM OR THE HSBC HOPE THIS IS ENOUGHT ENLIGHTENMENT FOR YOU.

Siam charged me 150 baht yesterday!!!! No the hSBC do not charged back in the UK if you pay them 12.95 GBP a month