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ATM surcharges on cards issued by non-Thailand banks (THB150-180 per transaction)

ATM surcharges on cards issued by non-Thailand banks (THB150-180 per transaction)

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Old Feb 2, 19, 6:05 pm
  #511  
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Originally Posted by arcticflier View Post


Humorous response.

Since the USD rate was exactly what the Marriott App price had quoted in my reservation, I accepted the $ rate; however, the Colone rate was about 5% higher.

Once you have spent a bit of time in CR then you grow accustomed to such things.

Never take anything for granted in CR...especially the assumption your money is still in your pocket. Lol



Since the rate was originally quoted in USD it is possible that they used DCC to convert to "local" currency! I have run in to this a few times in Indonesia - it's weird but keeps us on our toes
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Old Feb 2, 19, 6:15 pm
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Originally Posted by estnet View Post
Since the rate was originally quoted in USD it is possible that they used DCC to convert to "local" currency! I have run in to this a few times in Indonesia - it's weird but keeps us on our toes
That sounds right.
Its so much easier to stay on my toes with the XE App. ;-)
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Old Feb 2, 19, 6:25 pm
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I just checked a transaction I made on Jan 11, ATM withdrawal of 5000THB + 220THB fee at an ATM at the Grand Hyatt Erawan in Bangkok.

Two transactions posted to my Schwab One account on Jan 14 (shown as Jan 14 as of Jan 11) for a debit of $163.90 and a credit of $6.90 for the ATM fee.

So using the values $163.90, 5220THB and Jan 11, with the credit card charge calculator at xe.com, the bank charge was 38 cents or .232%
for the transaction or 39 cents if you use the date of Jan 14. xe.com uses mid-market rates for the date you enter for the calculation.

I don't see how you can do any better than that. You can use that calculator on any transaction you have posted to your bank account or credit card account.

-David
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Old Feb 2, 19, 6:56 pm
  #514  
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How many of you rely on ATM withdrawals using Bank Debit cards from a US Financial Institution and check the actual conversion rate provided by the ATM against the rate posted in your statement?

For me (Fidelity Debit Card/Visa), the rate is NOT provided by an ATM, but rather Visa.

On Friday, 1 Feb 2019 ~ 11:15 I got 15,000 THB at an AEON ATM machine (150 THB fee), so 15,150 THB in total, and my account was debited by $486.00 immediately - again the email from Fidelity with the amount arrives on my phone in the ~ 10 seconds between pressing enter and the machine dispensing the cash.

Using the Visa Exchange Rate page, I get $485.996850, which rounded up to $486.00 as expected.

https://usa.visa.com/support/consume...alculator.html

I haven't received the credit for the 150 THB fee yet, but expect it to be ~ $4.82. (Last weeks fee credit posted at $4.74.)
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Old Feb 3, 19, 3:25 am
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Originally Posted by arcticflier View Post
Since this really appears to be of much greater concern to yourself than me, I will take a few moments to explore possibilities for the discrepancy.
This thread has had over 70,000 views in the almost 10 years its been around and hopefully provided help to many. I think it's important that when someone posts inaccurate information it's highlighted, and when they repeat that view it's debunked again. Thanks to the multiple posters that have done that. You might want to save your time looking for a discrepancy. It's hard to say with 100% conviction as there are always oddities, but as near as [moderator edit], you were wrong - accept it.

Last edited by Ocn Vw 1K; Feb 3, 19 at 11:14 am Reason: Per FT Rule 16, edit profane text.
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Old Feb 3, 19, 7:45 am
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Originally Posted by ft101 View Post
This thread has had over 70,000 views in the almost 10 years its been around and hopefully provided help to many. I think it's important that when someone posts inaccurate information it's highlighted, and when they repeat that view it's debunked again. Thanks to the multiple posters that have done that. You might want to save your time looking for a discrepancy. It's hard to say with 100% conviction as there are always oddities, but as near as [moderator edit], you were wrong - accept it.
I donít have the time to further investigate it; however, if 70K people say I am wrong then I will assume I was wrong...Lol

Thank you for saving me the future effort of trying to find an ATM from one of the banks offering the slightly better rates.


Last edited by arcticflier; Feb 5, 19 at 11:36 am
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Old Feb 3, 19, 11:18 am
  #517  
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Moderator note

The thread is starting to become focused on one or more members, rather than the topic of ATM surcharges and exchange rates. Going forward, let's keep the discussion away from personalization and stay with the topic. Thanks! Ocn Vw 1K, Senior Moderator.
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