ATM surcharges on cards issued by non-Thailand banks (THB150-220 per transaction)
Apr 23, 2009, 1:38 pm
#16
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500 pounds is the largest denomination.
http://www.americanexpress.com/china...oduction.shtml
Apr 23, 2009, 1:48 pm
#17
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May 4, 2009, 12:13 am
#18
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Banks asked to cut foreigners' ATM fees
By: SOMRUEDI BANCHONGDUANG
Published: 4/05/2009 at 12:00 AM
Newspaper section: Business
The Thai Bankers' Association will ask local banks to cut fee charges for foreign cardholders using local ATMs, according to association secretary-general Twatchai Yongkittikul.
...
But a MasterCard spokesman denied that the 150-baht ATM access fee imposed by many Thai banks stemmed from any recent fee change or initiative by the company. The spokesman said MasterCard last notified member banks in October 2007 about a 0.2-percentage-point increase in fees effective from January 2008 under cross-border agreements. Since then, no other fee increases have been made related to ATM charges.
http://www.bangkokpost.com/business/...gners-atm-fees
Published: 4/05/2009 at 12:00 AM
Newspaper section: Business
The Thai Bankers' Association will ask local banks to cut fee charges for foreign cardholders using local ATMs, according to association secretary-general Twatchai Yongkittikul.
...
But a MasterCard spokesman denied that the 150-baht ATM access fee imposed by many Thai banks stemmed from any recent fee change or initiative by the company. The spokesman said MasterCard last notified member banks in October 2007 about a 0.2-percentage-point increase in fees effective from January 2008 under cross-border agreements. Since then, no other fee increases have been made related to ATM charges.
http://www.bangkokpost.com/business/...gners-atm-fees
Last edited by Kalboz; May 11, 2009 at 2:29 pm
May 4, 2009, 12:34 am
#19
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There's not a lot of difference, in my experience, when it comes to the rates offered at banks for travelers' checks. I'd just take it to the most convenient locale.
500 pounds is the largest denomination.
http://www.americanexpress.com/china...oduction.shtml
500 pounds is the largest denomination.
http://www.americanexpress.com/china...oduction.shtml
May 5, 2009, 8:34 am
#21
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If you're sure, this would be great news. ^^ K-bank is the closest bank to my hotel, and they're plenty of others around town, including ATM's at Chatuchak, where I always seem to have an unanticipated need for extra cash.
May 5, 2009, 8:57 am
#23
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As noted above, Kasikorn's not charging a fee was also my experience. Per messages on the Thaivisa board, it appears that Bank of Ayudhya, Government Savings Bank and UOB may not be charging the fee either.
May 6, 2009, 1:00 am
#24
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The spokesman said MasterCard last notified member banks in October 2007 about a 0.2-percentage-point increase in fees effective from January 2008 under cross-border agreements. Since then, no other fee increases have been made related to ATM charges.
Given that, I'll bet 100% of the 150 baht is unnecessary. I don't think any costs have suddenly increased that'd justify a surcharge, and the area is a declining-cost industry anyway.
I was last there in February, but it seems like Siam Commercial and Bangkok Bank are the real villains and K-Bank, UOB and Ayudhya the good guys; not sure where I'd place TMB.
May 6, 2009, 8:33 am
#25
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This is OT, but last month I noticed a new bank chain (at least new from last December) called ThaiBank. I was wondering if one of our Thailand residents could tell me if it's a new bank or a rebranded bank.
May 11, 2009, 2:28 pm
#26
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Local banks defend foreign ATM fees
Fund-transfer firms charge more
By: SOMRUEDI BANCHONGDUANG
Published: 11/05/2009 at 12:00 AM
Newspaper section: Business
Despite recent fee increases, ATMs are still the cheapest, most convenient way to access foreign bank accounts from Thailand, according to local bankers.
http://www.bangkokpost.com/business/...reign-atm-fees
By: SOMRUEDI BANCHONGDUANG
Published: 11/05/2009 at 12:00 AM
Newspaper section: Business
Despite recent fee increases, ATMs are still the cheapest, most convenient way to access foreign bank accounts from Thailand, according to local bankers.
http://www.bangkokpost.com/business/...reign-atm-fees
May 12, 2009, 11:40 am
#27
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Fund-transfer firms charge more
By: SOMRUEDI BANCHONGDUANG
Published: 11/05/2009 at 12:00 AM
Newspaper section: Business
Despite recent fee increases, ATMs are still the cheapest, most convenient way to access foreign bank accounts from Thailand, according to local bankers.
http://www.bangkokpost.com/business/...reign-atm-fees
By: SOMRUEDI BANCHONGDUANG
Published: 11/05/2009 at 12:00 AM
Newspaper section: Business
Despite recent fee increases, ATMs are still the cheapest, most convenient way to access foreign bank accounts from Thailand, according to local bankers.
http://www.bangkokpost.com/business/...reign-atm-fees
That is simply not the case. I don't think I've ever been charged a fee by the ATM's owner when I withdraw money in Europe from my American account. My bank here charges $5 for foreign ATM transactions, which means that with the 150 THB surcharge, I'm paying $9+ to make withdrawals in Thailand!
To hell with all of these banks. I'm going to bring traveler's checks, which are free through my bank. Even if the exchange rate is slightly higher, it's unlikely to amount to $9 extra per transaction.
May 12, 2009, 7:46 pm
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