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Originally Posted by MegatopLover
(Post 9092223)
Very interesting data point, nkedel. FWIW, since the currency controls went into effect a year ago December and the onshore/offshore exchange rates diverged, using a Thai bank's ATM to withdraw baht has always given me the onshore rate, the one more favorable to someone selling dollars to buy baht. This has been true at Siam Commercial, Bangkok Bank, Bank of Ayuddya, and Thai Farmers (Kasikorn) Bank. (Haven't failed at TMB or Krung Thai, just haven't tried.)
Were the currency controls only coming in December 2006? My recollection was that the dual rates were already in place as of my October 2006 trip (the first time I was there after the coup), but that's quite possibly incorrect. I've been in Thailand twice since then (Feb and Sept 2007); tried Citibank in Feb 2006, and mostly ran on cash/TCs on my latest trip. I haven't manually calculated the rates every time I've used the ATM, but did so several times - including with Citibank - and always got the off-shore rate when I bothered to check. I don't tend to keep track of which Thai banks I use; the one I've used most frequently is whichever has the ATM on the first floor of the small mall on the opposite side of Soi 2 from the JW Marriott (Ploenchit Center?) |
No, my home account is with Wachovia.
My date could be off by a day or two, but the currency controls went into effect around December 19, 2006, a cack-handed market-manipulation in response to the appreciation of the baht. The SET crashed the next day by about 15%. The government immediately relaxed the controls on certain FDI, but the basic currency control is still in place. No sign that it will end soon. |
I'm flying off to Bkk next week and will try one of the ATM's at the airport upon landing to see what rate is charged to my Citibank card. Will duplicate at different bank's ATM when I get in town and see if different....wil withdrawn B4000 each time and then log onto my on-line citibank account to see the US$ withdrawals.
If I have time, will try to find the local Citibank branch and do one more time. |
Originally Posted by dtsm
(Post 9117577)
I'm flying off to Bkk next week and will try one of the ATM's at the airport upon landing to see what rate is charged to my Citibank card. Will duplicate at different bank's ATM when I get in town and see if different....wil withdrawn B4000 each time and then log onto my on-line citibank account to see the US$ withdrawals.
If I have time, will try to find the local Citibank branch and do one more time. |
I was in Bkk the first week of Feb, when the spot rate btw 30.5 to 32.5. Did not have time to try airport ATM as originally planned, nor did I make it to citibank atm. But at two other locations, both with UOB atm machines, one in Bangkapi, other Thonglor area, rates were 32 to 1 when getting B$4000.
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Wow, looks like I'm resurrecting a 4+ year old thread!
Based on the Citi site, looks like the single Citi ATM in Bankok is no longer in Silom but rather at 399 Sukhumvit Road, Interchange 21 Building Klongtoey Nua Sub-district, Wattana District, Bangkok 10110,(Next to Asoke BTS Station). Can somebody confirm this? Also, does anybody know if there is a Citi ATM at BKK airport these days? Thanks! |
Originally Posted by bostonbali
(Post 19469947)
Wow, looks like I'm resurrecting a 4+ year old thread!
Based on the Citi site, looks like the single Citi ATM in Bankok is no longer in Silom but rather at 399 Sukhumvit Road, Interchange 21 Building Klongtoey Nua Sub-district, Wattana District, Bangkok 10110,(Next to Asoke BTS Station). Can somebody confirm this? Also, does anybody know if there is a Citi ATM at BKK airport these days? Thanks! Yeah, it's at a huge intersection near Soi Cowboy and the SGS and as you said, it's near the Asok BTR station and there's an MRT station near there also. You can't miss it. There's a huge sign for Citibank there. I had no idea it was the only Citibank ATM in Bangkok. Is that true? I thought there were others. You can even see it in street view: https://goo.gl/maps/iLI9A There's a ton of ATMs at the airport. I just use my Schwab ATM card since it rebates all ATM fees and don't worry about it. -David |
Originally Posted by LIH Prem
(Post 19470133)
Yeah, it's at a huge intersection near Soi Cowboy and the SGS and as you said, it's near the Asok BTR station and there's an MRT station near there also
It's on the northeast corner.
Originally Posted by LIH Prem
(Post 19470133)
You can't miss it. There's a huge sign for Citibank there. I had no idea it was the only Citibank ATM in Bangkok. Is that true? I thought there were others.
There's a ton of ATMs at the airport. I just use my Schwab ATM card since it rebates all ATM fees and don't worry about it. -David |
Originally Posted by dsquared37
(Post 19470174)
Ironically, this is called Asok. :D
-David |
My TD Bank ATM card refunds all fees as well.
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I am pretty sure there is also CitiBank, with ATM, in Central World, - I saw it there a few weeks ago - relatively convenient from the Chit Lom BTS station. The "banking floor" is on level 4.
http://www.citibank.co.th/en/static/Location.htm The Asoke location is probably the most easily accessible, both from the Asoke BTS and Sukhumvit MRT stations. I believe SCB and TMB (local banks) retain exclusive rights for financial services at SBIA, so ATM options are limited, although there are some additional providers (an Islamic bank among others) on the B level, which is the same level as the Airport train (SARL) AFAIK, AEON still offers fee-free ATM withdrawals. There is an AEON ATM/branch in Terminal 21 - on the lowest level - , among many other locations, which is a shopping mall at Asoke. http://www.terminal21.co.th/main/how_to_go edited to add: I can confirm there is a largish Citibank branch with ATM in Central World, 4th floor adjacent to the Isetan Department Store entrance. I was there today. |
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