MadMuhammad Posted November 12, 2019 Share Posted November 12, 2019 37 minutes ago, kevin612 said: I am sick of these high atm fees on us, robbing from us. Adapt and overcome my friend. There’s always a better product or option with research Link to comment Share on other sites More sharing options...
Marvest Posted November 12, 2019 Share Posted November 12, 2019 What visa types allow a foreigner to open a bank account in Thailand? Link to comment Share on other sites More sharing options...
Tayaout Posted November 12, 2019 Share Posted November 12, 2019 5 minutes ago, Marvest said: What visa types allow a foreigner to open a bank account in Thailand? Any visa except tourist. Even tourist visa did work and may still work with the right contacts or situation. Personally, I opened a bank account twice at Bangkok Bank. First time on ED visa. They closed it after 2 years inactivity. Opened another one on non-o multiple entry. Link to comment Share on other sites More sharing options...
billd766 Posted November 12, 2019 Share Posted November 12, 2019 13 hours ago, Moonlover said: No bank makes a charge. They don't even charge me when I transfer from BBB Bank to Kbank. Link to comment Share on other sites More sharing options...
Phulublub Posted November 12, 2019 Share Posted November 12, 2019 On 11/11/2019 at 11:05 AM, petermik said: Halifax (Lloyds Banking Group) charges me £9.50 to transfer money online to my Thai Bank...takes 3/4 days and I transfer the money in UK pounds Halifax Clarity Credit Card, linked to Halifax Account online gets Bank mid-market rate (better than ANY other transfer rate) and NO charges: 1. Go online and transfer at least as much as will cover amount being used plus any outstanding balance on the card from Bank Account to Credit Card (or can be done as item4 below) 2. Go to own bank currency window and withdraw in BAHT against Credit Card 3. Deposit all that you wish in Thai Bank account 4. Go home and check Pending Transactions on Credit Card tomake sure you have transferred enough to cover plus a bit 5. Check back daily for exact rate obtained. Cash withdrawal attracts NO charges when foreign. Cash withdawal attract interest from next working day unless all paid off...hence 1 and 4 above. Aqua Card also offers same rates, but cannot have funds preloaded to create positive bakance. Several Premium Credit Cards offer same - but you will be aying Annual Fee. No Credit Card, then TransferWise most likely best option. PH Link to comment Share on other sites More sharing options...
chricha Posted November 12, 2019 Share Posted November 12, 2019 Not sure if it applies to all Citibank clients but if I use my Australian Citibank debit card at a Citibank ATM overseas, I get a very competitive exchange rate and no ATM fees. The downside in Thailand is there are only 3 ATMs in Bangkok. Nowhere else. ???? Otherwise I use my card and pay the exorbitant 220 baht fee at a Thai bank and grumble every time. But I make sure I take at least 20,000 to reduce the cost to 1.1% or less if the exchange goes back up and I can take more. Link to comment Share on other sites More sharing options...
scubascuba3 Posted November 12, 2019 Share Posted November 12, 2019 23 minutes ago, Phulublub said: Halifax Clarity Credit Card, linked to Halifax Account online gets Bank mid-market rate (better than ANY other transfer rate) and NO charges: 1. Go online and transfer at least as much as will cover amount being used plus any outstanding balance on the card from Bank Account to Credit Card (or can be done as item4 below) 2. Go to own bank currency window and withdraw in BAHT against Credit Card 3. Deposit all that you wish in Thai Bank account 4. Go home and check Pending Transactions on Credit Card tomake sure you have transferred enough to cover plus a bit 5. Check back daily for exact rate obtained. Cash withdrawal attracts NO charges when foreign. Cash withdawal attract interest from next working day unless all paid off...hence 1 and 4 above. Aqua Card also offers same rates, but cannot have funds preloaded to create positive bakance. Several Premium Credit Cards offer same - but you will be aying Annual Fee. No Credit Card, then TransferWise most likely best option. PH the bank account doesn't need to be Halifax Link to comment Share on other sites More sharing options...
chilly07 Posted November 12, 2019 Share Posted November 12, 2019 Transferwise and Bangkok Bank best combination of lowest fees and highest exchange rate plus each transfer identified as FTT for TI Link to comment Share on other sites More sharing options...
hugh2121 Posted November 12, 2019 Share Posted November 12, 2019 ofx.co.uk No fees. Better exchange rate than UK bank. Transfer to Bangkok Bank will reduce the charge for receiving foreign transfer. Link to comment Share on other sites More sharing options...
NoshowJones Posted November 12, 2019 Share Posted November 12, 2019 On 11/11/2019 at 11:25 AM, kingofthemountain said: Why don't you open a bank account in YOUR name? No offense but you 'll not be the first after you have transferred a lot of money on HER new account she is not anymore your lady and goodluck for having your money back. If you open YOUR bank account here in Thailand you have no more fee when you use the ATM "If you open YOUR bank account here in Thailand you have no more fee when you use the ATM". How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there is a fee of 250+ Baht. I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge. Link to comment Share on other sites More sharing options...
CharlieH Posted November 12, 2019 Share Posted November 12, 2019 6 minutes ago, possum1931 said: "If you open YOUR bank account here in Thailand you have no more fee when you use the ATM". How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there is a fee of 250+ Baht. I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge. I think what he means is, if you have a Thai bank account and card, you can draw using that card and not the overseas uk card, which dependent on bank and type can attract fees. Link to comment Share on other sites More sharing options...
Scouse123 Posted November 12, 2019 Share Posted November 12, 2019 10 minutes ago, possum1931 said: "If you open YOUR bank account here in Thailand you have no more fee when you use the ATM". How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there is a fee of 250+ Baht. I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge. What the poster was meaning I am sure is that if he opens his own bank account here and puts cash in, he then gets a debit card from his bank in this country and uses that to avoid ATM charges Link to comment Share on other sites More sharing options...
Scouse123 Posted November 12, 2019 Share Posted November 12, 2019 Just now, CharlieH said: I think what he means is, if you have a Thai bank account and card, you can draw using that card and not the overseas uk card, which dependent on bank and type can attract fees. Hehehe, You just beat me to it. Link to comment Share on other sites More sharing options...
alzack Posted November 12, 2019 Share Posted November 12, 2019 You Might like VIRGIN MONEY good exchange rates and no fees, you must move £1000 min My HSBC bank were charging £23 a go and poor rate hope it helps Link to comment Share on other sites More sharing options...
rwill Posted November 12, 2019 Share Posted November 12, 2019 Schwab one international account, no ATM fees charged anywhere, no foriegn transaction fee, plus they reimburse any fees charged by the other bank. You have to have 25K us dollars to open the account though. It is actually a brokerage account but you can request ATM cards/checks for it. If you have a US address you can open a regular account with them with no opening deposit requirement. Link to comment Share on other sites More sharing options...
RandG Posted November 12, 2019 Share Posted November 12, 2019 We regularly transfer money from Lloyd UK to SCB Phuket in Sterling. They charge £ 9.50. If done by 3pm UK it is here next morning (or Monday if sent on a Friday). Can all be done online. We transfer a few thousand pounds over every now and then, and then use SCB debit card to withdraw cash at no charge. If we are using a card for payment (hotel, better restaurant, Central, etc, we use UK cards (Halifax or Monzo) with no charge. Link to comment Share on other sites More sharing options...
lagavulin1 Posted November 12, 2019 Share Posted November 12, 2019 If you open a BKK bank account you can set up a bounce" via BKK bank London. Barclays (eg) to BKK London. In sterling. No International fees. BKK route it to your BKK Thailand in THB. Set it up on UK online banking as one offs or direct debit Link to comment Share on other sites More sharing options...
dabhand Posted November 12, 2019 Share Posted November 12, 2019 17 minutes ago, RandG said: We regularly transfer money from Lloyd UK to SCB Phuket in Sterling. They charge £ 9.50. If done by 3pm UK it is here next morning (or Monday if sent on a Friday). Can all be done online. We transfer a few thousand pounds over every now and then, and then use SCB debit card to withdraw cash at no charge. If we are using a card for payment (hotel, better restaurant, Central, etc, we use UK cards (Halifax or Monzo) with no charge. Next time you arrange for a transfer from UK to SCB can I suggest you also check the Transferwise site to see what baht you would receive (normally next day as with your current actions) if using their service. Then compare that with the baht you actually received. You might be surprised at how much you are losing out on. The TT exchange rate on your current transaction is set by SCB and they tend to offer one of the lowest rates in comparison with other Thai banks. As indicated by this comparison site. http://bankexchangerates.daytodaydata.net/default.aspx Link to comment Share on other sites More sharing options...
kingofthemountain Posted November 12, 2019 Share Posted November 12, 2019 1 hour ago, CharlieH said: I think what he means is, if you have a Thai bank account and card, you can draw using that card and not the overseas uk card, which dependent on bank and type can attract fees. Thank you, yes it was exactly what i mean Link to comment Share on other sites More sharing options...
treetops Posted November 12, 2019 Share Posted November 12, 2019 12 hours ago, Phulublub said: Halifax Clarity Credit Card, linked to Halifax Account online gets Bank mid-market rate (better than ANY other transfer rate) and NO charges: 1. Go online and transfer at least as much as will cover amount being used plus any outstanding balance on the card from Bank Account to Credit Card (or can be done as item4 below) 2. Go to own bank currency window and withdraw in BAHT against Credit Card 3. Deposit all that you wish in Thai Bank account 4. Go home and check Pending Transactions on Credit Card tomake sure you have transferred enough to cover plus a bit 5. Check back daily for exact rate obtained. Cash withdrawal attracts NO charges when foreign. Cash withdawal attract interest from next working day unless all paid off...hence 1 and 4 above. Aqua Card also offers same rates, but cannot have funds preloaded to create positive bakance. Several Premium Credit Cards offer same - but you will be aying Annual Fee. No Credit Card, then TransferWise most likely best option. No. 1 contravenes the Ts & Cs of the Clarity Card - do it often enough and the funds will be returned from whence they came and/or they'll close your account. No. 2. Banks currency windows offer poor exchange rates. Far better to request a cash advance on the card from a teller, where you'll get the Mastercard rate, but not all banks/branches allow this. Tandem card is a non premium card which offers the same service and also gives 0.5% cashback. Link to comment Share on other sites More sharing options...
Chelseafan Posted November 12, 2019 Share Posted November 12, 2019 On 11/11/2019 at 4:05 AM, petermik said: Halifax (Lloyds Banking Group) charges me £9.50 to transfer money online to my Thai Bank...takes 3/4 days and I transfer the money in UK pounds Transferwise costs me £7.00 to transfer £1000 to my Thai bank account with an exchange rate of 39.02 as of today. Halifax exchange rate is 37.73 Transferwise : £1000-£7.00=£993 * 39.02 = 38,746.86 baht Halifax : £1000-£9.50=£990.50 * 37.73 = 37,371.57 baht Transferwises transaction time 1hr to 3days (most of my transactions have been made in 24hours) Basically Halifax are shafting you for 1,375 baht (£35). Not a lot as a one off transaction but these soon add up. Besides why would you want to give money away, your missus can make use of it ???? Link to comment Share on other sites More sharing options...
Chelseafan Posted November 12, 2019 Share Posted November 12, 2019 12 hours ago, possum1931 said: "If you open YOUR bank account here in Thailand you have no more fee when you use the ATM". How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there is a fee of 250+ Baht. I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge. He means he has a Thai bank account with a Thai debit card. I have a Bangkok bank account and don't get charged for withdrawals if I use the banks own machines, if I use an other banks machines then I get charged a nominal 20baht. EDIT: I see lots of posters already stated the same. Link to comment Share on other sites More sharing options...
Chelseafan Posted November 12, 2019 Share Posted November 12, 2019 On 11/11/2019 at 2:24 PM, baansgr said: Transferwise or WU...compare what rate and charges are which will depend on amount sent. Also can SWIFT but rate will be lower than above Don't even THINK about WU unless you need to get cash to Thailand urgently. Their charges are phenomenal Link to comment Share on other sites More sharing options...
Chelseafan Posted November 12, 2019 Share Posted November 12, 2019 16 hours ago, jimn said: I use my no fees Halifax Clarity card whenever I can over here. Whenever I buy petrol for the car, shop in Big C or Tesco Lotus or go out for a meal. The exchange rate is the Mastercard rate which is very competitive, I pay no fees and I pay the bill direct from my UK bank account once a month. I only use cash in bars and shops/market that doesnt take cards. No need to keep sending tons of cash over. In the UK spending on credit/debit cards has overtaken cash. There are even bars and venues that are cashless now, all transactions are on card. I have a clarity card and do the same but most of my transactions are in bars ???? Link to comment Share on other sites More sharing options...
Chelseafan Posted November 12, 2019 Share Posted November 12, 2019 15 hours ago, kevin612 said: I am sick of these high atm fees on us, robbing from us. There's enough info on here for you to get off your ass and stop paying them ???? Link to comment Share on other sites More sharing options...
Salerno Posted November 12, 2019 Share Posted November 12, 2019 14 hours ago, chricha said: Not sure if it applies to all Citibank clients but if I use my Australian Citibank debit card at a Citibank ATM overseas Get yourself an ING Everyday account; couple of hurdles to comply with (deposit $100 and 5 transaction a month, not withdrawals) but then you get no fees and ATM fees reimbursed. Link to comment Share on other sites More sharing options...
brianthainess Posted November 13, 2019 Share Posted November 13, 2019 On 11/11/2019 at 8:19 PM, CharlieH said: Unless you bank with TMB and there are NO charges for out of province use. Yep i think all the banks are the same now didn't know about TMB. Transferring money from overseas the BKK bank has a max fee of 300 baht unless that has changed now. Link to comment Share on other sites More sharing options...
brianthainess Posted November 13, 2019 Share Posted November 13, 2019 On 11/11/2019 at 10:20 PM, MikeN said: That depends on the destination bank and branch. If Transferwise send the money via BKK Bank, but then they send it on to a different bank in Nakorn Nowhere you may have to pay the normal fee for a domestic transfer for an interbank/inter province transaction I had problems a few years ago some money sent from OZ went to a holding bank first (twice) and i got a lower ex-rate BKK bank was very helpful and showed me docs from their records.To cut a long story short, after e-mails to Oz they advised me to put message to bank/acc ' DO NOT EXCHANGE FUNDS' have never had a prob since. i now do that on all transfers no matter what country it comes from. Link to comment Share on other sites More sharing options...
brianthainess Posted November 13, 2019 Share Posted November 13, 2019 22 hours ago, Marvest said: What visa types allow a foreigner to open a bank account in Thailand? Krunsi bank will allow you to open a Tourist acc. Link to comment Share on other sites More sharing options...
brianthainess Posted November 13, 2019 Share Posted November 13, 2019 22 hours ago, Tayaout said: Any visa except tourist. Even tourist visa did work and may still work with the right contacts or situation. Personally, I opened a bank account twice at Bangkok Bank. First time on ED visa. They closed it after 2 years inactivity. Opened another one on non-o multiple entry. Wrong Krunsi have tourist accounts. Link to comment Share on other sites More sharing options...
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