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Get your chips cards, magnetic ATM cards to be invalid from Jan 15: BOT

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Get your chips cards, magnetic ATM cards to be invalid from Jan 15: BOT

By THE NATION

 

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The deadline for switching from magnetic ATM cards to chip cards is coming closer and after January 15, all magnetic cards will become invalid, Siritida Panomwon na Ayudhya, Bank of Thailand Assistant Governor of Payment Systems Policy and Financial Department, said.

 

“The central bank in cooperation with the Thai Bankers Association and financial institutions has been urging card holders to change their magnetic cards to chip cards, in order to enhance safety in credit and debit card usage and prevent counterfeit card fraud and skimming,” she said.

 

The switch was expected to be completed by the end of 2019, as 47 million magnetic cards had already been converted to chip cards, leaving some 20 million magnetic cards nationwide.

 

“Magnetic cards holders can change their cards at any branch of their respective banks or financial institutions free of charge. Required documents are ID card, existing magnetic card and bank passbook,” said the assistant governor.

 

“After January 15, magnetic cards will be unusable at ATMs and credit card machines at retail shops. However, card owners can still make a cash withdrawal or transfer money at bank’s tellers, via mobile banking and internet banking as alternatives,” she added.

 

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Source: https://www.nationthailand.com/news/30380349

 

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-- © Copyright The Nation Thailand 2020-01-10

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2 hours ago, webfact said:

The deadline for switching from magnetic ATM cards to chip cards is coming closer and after January 15, all magnetic cards will become invalid, Siritida Panomwon na Ayudhya, Bank of Thailand Assistant Governor of Payment Systems Policy and Financial Department, said.

This is concerning ATM cards issued by Thai banks.

AFAIK foreign 'all magnetic cards' will still work.

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Is this for real? In 5 days my ATM card won't work?

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11 minutes ago, SteveK said:

Is this for real? In 5 days my ATM card won't work?

If it's issued by a Thai bank it will not work.

As the article says, you can change it for a new chip & pin card at your branch for free.

 

Edited by bluesofa

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Just checked mine and it has a chip. Thank coconuts for that.

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SCB sent me a text message to advise me of this otherwise I would not have known. 

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A wake up call for those who have missed the messages over almost a year or so.

Changed last magnetic card in June (Kasikorn hinted at the ATM many months ago).

Edited by KhunBENQ
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1 hour ago, SteveK said:

Just checked mine and it has a chip. Thank coconuts for that.

So has my Bangkok Bank debit card, however I kept getting messages on the ATMs that I needed to do something about changing it??

 

So I went into the bank yesterday and it was lucky that I did because as of the 15th of this month, according to the bank manager, it will cease to work, and after that particular time has elapsed, it will cost me something like 300 baht to change it, whereas now it is free – – so my Visa debit card has now been switched to a MasterCard debit card, complete with a new and longer pin number.
 

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Yep mine from SCB needs changing and wont work on my next arrival. Had read it previously from a thread on TV but certainly hadnt received any SMS (roaming is enabled) or email

Will pop up the Bank day after arrival but am expecting to pay lol

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3 hours ago, bluesofa said:

This is concerning ATM cards issued by Thai banks.

AFAIK foreign 'all magnetic cards' will still work.

TFFT!!

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3 hours ago, SteveK said:

Is this for real? In 5 days my ATM card won't work?

Thats correct ! If you have the old card and a 4 Digit PIN, you will have to change to the new card with a 6 Digit PIN.

And the news statement above is incorrect

I changed my card the other day and the service was not free!  ( 5th Jan )

My bank charged me a fee of 599 Baht for this " free service ". I was not a happy Bunny I can tell you

When I inquired if this was a " Farang only Fee " , I was assured that ALL customers had to pay it.

So that will be 20 Million X 599 Baht ... Thankyou for all the cards that now need changing

 

 

 

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They did this to me at my bank on the Philippines - changed without any information to chip cards. Every 2 years I withdrew a small amount from this account here at ATMs in Thailand that it doesn't get dormant until it didn't work anymore. The bank on the Philippines told me - no problem come and pick up your new card for free. There is no way to send it to you to Thailand. I think many people using their old Thai ATM card in a foreign country will face similar problems...

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4 minutes ago, Cake Monster said:

Thats correct ! If you have the old card and a 4 Digit PIN, you will have to change to the new card with a 6 Digit PIN.

And the news statement above is incorrect

I changed my card the other day and the service was not free!  ( 5th Jan )

My bank charged me a fee of 599 Baht for this " free service ". I was not a happy Bunny I can tell you

When I inquired if this was a " Farang only Fee " , I was assured that ALL customers had to pay it.

So that will be 20 Million X 599 Baht ... Thankyou for all the cards that now need changing

 

 

 

I've had two SCB accounts with the card replaced free and a Bangkok Bank account free too.

 

Something doesn't smell right, although having said that, the changeover date was supposed to be 1st January, but was extended to 15th Jan.

Perhaps someone was 'over zealous' in charging you on the 5th, but is is definitely not a 'ferang only fee' regarding the issuing of chip & pin cards.

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