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BANGKOK 24 March 2019 15:52

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I need some advice. I'm here on a properly obtained retirement extension but I have become frustrated with the exorbitant fees charged for everyday banking by Bangkok Bank. If you can help I'd appreciate two bits of advice:

1) A bank that offers either low fees or one annual fee for everyday banking

2) Required documents for opening a new account

Thanks for any help offered. FYI I reside in Bangkok.

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5 minutes ago, John Kassow said:

I have become frustrated with the exorbitant fees charged for everyday banking by Bangkok Bank

What are those fees?

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Vacuum beat me to asking that question.   I effectively never get charged fees other than minor ones.

 

 

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It seems that I get charged 25 baht per transaction, and I make a lot of small transactions. The thing is that I am charged for this only once per year as a lump sum, and was surprised to see the money missing from my account. I just paid last year's fees which added up to more than 8,000 over two accounts. Is this reasonable or am I being unrealistic?

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It seems that I get charged 25 baht per transaction, and I make a lot of small transactions. The thing is that I am charged for this only once per year as a lump sum, and was surprised to see the money missing from my account. I just paid last year's fees which added up to more than 8,000 over two accounts. Is this reasonable or am I being unrealistic?

My annual Kasikorn fee is 200 baht total.

Was your account set up outside of Bangkok? if so they may be charging you 25 baht per withdrawal for another province.

 

Phone Bangkok Bank and ask

 

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If you are just using an Bangkok Bank ordinary savings account with an attached debit card for your “everyday banking” you should not be paying those sort of annual fees. From memory I pay 200 baht a year for the card fee, plus a small fee of 35 baht for some ATM transactions, such as paying my rent into my landlords account at a different bank. But they are charged at the time, not annually.

 So what sort of account do you have, as it does not sound like an ordinary “everyday” account.

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OP,

  I'm really scratching my head over your posts.  

2 hours ago, John Kassow said:

It seems that I get charged 25 baht per transaction, and I make a lot of small transactions. The thing is that I am charged for this only once per year as a lump sum, and was surprised to see the money missing from my account. I just paid last year's fees which added up to more than 8,000 over two accounts. Is this reasonable or am I being unrealistic?

Where you say "it seems"....does that mean you are not sure?  Then you say it only charged once per year for more than 8000 baht over two accounts.   You sure you don't have some direct debit by some company for some service (not Bangkok Bank) set up that is deducting the money.   Kinda sounds like you are being billed by someone other than Bangkok Bank bank.  

 

"If" you have a regular savings account with debit card the only charges from Bangkok Bank would be the annual debit card fee which is Bt200-300 for a regular card, but can be higher if you got some special debit card that comes with additional benefits like some kind of insurance coverage......but normally the annual fee for such a "special debit card" would be significantly less than Bt1000 per year.  

 

Using your debit card to withdraw funds "outside your province/banking region" would incur approx a Bt20 fee per transaction but that is charged immediately...not saved for annual billing.

 

And if you have SMS service I think the monthly fee for that is around Bt20.

 

Go visit you branch and ask what the fees are specifically for as for a typical savings account with regular debit card the costs are mentioned above.   

 

 

 

 

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I know a few people who have opened BBL accounts recently (past few years) and have all be told they MUST take out accident insurance with them (at around 5k/year, with automatic renewal). 

I want to open a BBL so that my Transferwise are more likely recorded as Intl, but not if I have to pay for all these unnecessary extras.

Currently, Kasikorn charges me 250bt/year for my ATM card, and very occasionally 10bt "fees" for ATM withdrawals, just 5x from 60 uses of my card during 2018.  I don't know why only some are charged, but mostly not.. All are within my "home" province.

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2 accts with bkk bank and 2 accts with SCB. No charges whatsoever. I declined ATM cards, have one credit card with BKK bank. Internet banking free. No charges to pay bills, or to transfer money between accts, or to transfer money to someone else's acct within the country.

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7 hours ago, klauskunkel said:

2 accts with bkk bank and 2 accts with SCB. No charges whatsoever. I declined ATM cards, have one credit card with BKK bank. Internet banking free. No charges to pay bills, or to transfer money between accts, or to transfer money to someone else's acct within the country.

Question, without ATM cards, how do you manage daily cash expenses or do you just go to the bank and withdraw enough to last a while?

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12 minutes ago, AAArdvark said:

Question, without ATM cards, how do you manage daily cash expenses or do you just go to the bank and withdraw enough to last a while?

Most banks support cardless ATM access nowadays, using an app for authentication.

I think BBL specifically are behind and haven't set it up yet though.

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1 minute ago, moana said:

Most banks support cardless ATM access nowadays, using an app for authentication.

I think BBL specifically are behind and haven't set it up yet though.

Is that any safer?  And, what percentage of ATM machines will they work at?

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Just now, AAArdvark said:

Is that any safer?  And, what percentage of ATM machines will they work at?

For the banks that set it up, it works on all machines (it's a software update, they don't need to change any hardware). You simply choose "Cardless ATM" at the opening screen instead of inserting your card.

 

It's certainly safer as there's no way to skim the non-existent card.

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