Trick: No 150 THB commission on ATM- Cash Dispenser
Jun 24, 2013, 3:15 am
#1
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Trick: No 150 THB commission on ATM- Cash Dispenser
I've forgot to post this little trick!
As You've seen, from 3-4y ALL ATM - Cash dispensers in Thailand apply a 150 THB fee (about 3,70 € or 5$) to ALL withdrawal transactions made with foreign credit/debit card (due to an agreement between Thai Government and Bank assoc.).
Well, there's a trick to work around this "cheat": AEON.
There're plenty of ATMs all around Thailand particularly in the malls and some 7-eleven and also in small islands like Koh Phangan, Koh Samui, etc.;
you can find them here on this link:
http://www.aeonthailand.com/en/custo..._depositor.php
if i remember correctly, they are violet coloured!
in BKK you can find them at MBK and also in BIG C (near the Central World Plaza).
Hope this can be useful.^
As You've seen, from 3-4y ALL ATM - Cash dispensers in Thailand apply a 150 THB fee (about 3,70 € or 5$) to ALL withdrawal transactions made with foreign credit/debit card (due to an agreement between Thai Government and Bank assoc.).
Well, there's a trick to work around this "cheat": AEON.
There're plenty of ATMs all around Thailand particularly in the malls and some 7-eleven and also in small islands like Koh Phangan, Koh Samui, etc.;
you can find them here on this link:
http://www.aeonthailand.com/en/custo..._depositor.php
if i remember correctly, they are violet coloured!
in BKK you can find them at MBK and also in BIG C (near the Central World Plaza).
Hope this can be useful.^
Jun 24, 2013, 6:31 am
#2
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Someone posted this before and I think the consensus was that people discovered AEON's trick: Their exchange rate was significantly worse than other ATMs so there were cases where it would be cheaper to pay the 150 Baht than to use an AEON ATM.
YMMV.
YMMV.
Jun 24, 2013, 7:47 am
#3
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However more posters, myself included, have not noticed this Aeon quirk and the poster in question didn't divulge the numbers for confirmation.
While I'd never go out of the my way to use an Aeon ATM there are a number of branches I've visited over the last few years and have never noticed anything questionable about the exchange.
The reason Aeon doesn't charge the 150 Baht is because it's not a member of the Thailand Bankers' Associate, the entity which mandates it's members charge the fee.
BTW: OP, this has been known since the fee was instituted.
Jun 24, 2013, 8:56 am
#4
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I recall one poster indicating he felt ripped off by the tuk tuk cost, an hour of wasted travel and a lower exchange rate.
However more posters, myself included, have not noticed this Aeon quirk and the poster in question didn't divulge the numbers for confirmation.
While I'd never go out of the my way to use an Aeon ATM there are a number of branches I've visited over the last few years and have never noticed anything questionable about the exchange.
The reason Aeon doesn't charge the 150 Baht is because it's not a member of the Thailand Bankers' Associate, the entity which mandates it's members charge the fee.
BTW: OP, this has been known since the fee was instituted.
However more posters, myself included, have not noticed this Aeon quirk and the poster in question didn't divulge the numbers for confirmation.
While I'd never go out of the my way to use an Aeon ATM there are a number of branches I've visited over the last few years and have never noticed anything questionable about the exchange.
The reason Aeon doesn't charge the 150 Baht is because it's not a member of the Thailand Bankers' Associate, the entity which mandates it's members charge the fee.
BTW: OP, this has been known since the fee was instituted.
"
anyway i did not noticed any strange exchange rate made by AEON on my debit card.
Anyway if already discussed on FT, ok thats's fine, i was just trying to give an hint to someone else!
Jun 24, 2013, 11:02 am
#5
Join Date: Jan 2010
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The counters to this claim were that Aeon (or any of the Thai banks for that matter) don't set the rate. It's set by Visa, Mastercard or who ever's logo is on your card and processes the transaction.
Jun 24, 2013, 5:58 pm
#6
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What do you mean with " I recall one poster indicating he felt ripped off by the tuk tuk cost, an hour of wasted travel and a lower exchange rate.
"
anyway i did not noticed any strange exchange rate made by AEON on my debit card.
Anyway if already discussed on FT, ok thats's fine, i was just trying to give an hint to someone else!
"
anyway i did not noticed any strange exchange rate made by AEON on my debit card.
Anyway if already discussed on FT, ok thats's fine, i was just trying to give an hint to someone else!
He was also complaining that between the transportation time and tuk tuk costs he came away with less money than if he just went to a local bank and paid the fee.
The remainder of the those participating in that particular thread (+/-) were of the belief that Aeon does not set their rate and therefor can't offer a lower rate. Said individual never responded with the requested numbers to back up his claims.
It might be in the main ATM fee thread or it might be a separate one. Too lazy to look for it at the moment.
Suffice to say, you are correct that it's a means to avoid the fee. However this has been bandied about on many occasions and your post is not groundbreaking.
Jun 24, 2013, 8:13 pm
#7
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http://www.flyertalk.com/forum/thail...il-17-a-8.html
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
Last edited by transpac; Jun 24, 2013 at 8:31 pm
Jun 25, 2013, 12:54 am
#8
Join Date: Jan 2010
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Definitely accurate - I experienced it late April/early May. This was at the Krungsri (yellow?) bank, although I understand it was to be rolled out. I also heard it was Mastercards only, but not 100% sure on this.
Jun 25, 2013, 1:59 am
#9
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http://www.flyertalk.com/forum/thail...il-17-a-8.html
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
Jun 25, 2013, 6:43 am
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http://www.flyertalk.com/forum/thail...il-17-a-8.html
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
AEON ATM's remain fee-free. I used one yesterday (Monday, 24 June 2013 ~ 11:00 local time) in the AEON branch on the lowest level of Terminal 21 (Asoke BTS/Sukhumvit MRT). I received 15,000 THB and paid $483.98 (USD).
The exchange rate is governed by Visa in my case.
The exchange rate is about the best you're able to achieve on any given day.
Some have documented first-hand experience using a counter transaction within a larger bank branch, and avoiding the 150 THB fee. I have never tried this. There have also been some reports of some banks imposing a 180 THB fee, I do not know if these reports are accurate, or which banks might be affected.
Jun 25, 2013, 7:26 am
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Jun 26, 2013, 9:46 am
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Bring cash (USD, EUR or whatever your home currency is) and change to THB at Super Rich Thailand (superrichthailand.com) or Super Rich (superrich1965.com). No ATM can beat the rates offered and no change fees charged. Just remember to bring your passport (a copy will be made).
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
Jun 26, 2013, 4:23 pm
#13
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Bring cash (USD, EUR or whatever your home currency is) and change to THB at Super Rich Thailand (superrichthailand.com) or Super Rich (superrich1965.com). No ATM can beat the rates offered and no change fees charged. Just remember to bring your passport (a copy will be made).
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
^
Jun 26, 2013, 6:07 pm
#14
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They do a large volume of business with many currencies.
NB: The rates shown online are only guaranteed to be offered at their main branch, as noted above, behind Big C on Ratchadamri. All other outer branches might offer a lower rate.
NB: The rates shown online are only guaranteed to be offered at their main branch, as noted above, behind Big C on Ratchadamri. All other outer branches might offer a lower rate.
Jun 26, 2013, 7:13 pm
#15
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Bring cash (USD, EUR or whatever your home currency is) and change to THB at Super Rich Thailand (superrichthailand.com) or Super Rich (superrich1965.com). No ATM can beat the rates offered and no change fees charged. Just remember to bring your passport (a copy will be made).
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
You will find branch offices near Central World Plaza (behind the "street market" after passing BIG C to your right)
I was at Superrich (blue/green) last week and the wait to change money was easily over an hour, the place was packed tight. I ran over to Superrich (orange) and the rate (for EUR) was the same, and only three people ahead of me.
You can get slightly better rates on Soi Phradipet but it may not be worth the journey unless you are changing large amounts.