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Riggi

Bank Accounts

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Sorry, my reply was poorly worded.

Australian banks will only allow one transaction a day, you can go to ten ATMs and only one will pay out, once.

Even over the counter they will only allow 20,000B.

It's a real pain.

I used my UK debit card to withdraw money at the ForEx desk in BKK Bank and there was no limit, as long as funds were in my account I could withdraw.

OK Stu, thanks for that, I'll check it out.

When I bought my car a few years back I drew out 800K in one hit just over the bank counter.

Cannot remember which one but I went to the small bank just up the road from Isuzu first and they were most apologetic, they had insufficient funds to honour it. :lol:

Can't seem to do that anymore.

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Sorry, my reply was poorly worded.

Australian banks will only allow one transaction a day, you can go to ten ATMs and only one will pay out, once.

Even over the counter they will only allow 20,000B.

It's a real pain.

This was using my Commbank ATM card to withdraw from my Commbank saving account.

Maybe different banks have different limits.

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what about other Banks such as TMB, Siam Commercial (refused to open an account years ago without work permit, but Kasikorn did), Siam City Bank, Krung Thai ? Any good nowadays ? online-banking available ? or still need work permit for everything ?

Krung Thai (Big C branch) allowed me to open an account with a type O Visa, and Best Beloved to vouch for me and produce her house book (Tabien Ban?).

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Kasikorn has gotten lots better over the years. Back in '92, a Thai Farmer's Bank spokesman commented to the effect, "We don't need money from farang."

I currently have a Bangkok Bank (opened in '90) and was issued a credit card (not debit card) with Bt 150,000 limit .. and card was never made inactive even though my account dropped below that threshold for several months.

Banking in Thailand has much to do with relationships and recommendations.

During the meltdown, I had a fixed deposit account at one of the banks taken over by the government (can't remember the name) .. paid 16% interest .. that was nice!

I also have a Kasikorn account and like their service better than Bangkok Bank. Last immigration letter was "no charge".

Last year Siam Commercial wouldn't open an account for me unless I could show a work permit or a yellow house book.

Edited by klikster

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Many thanks kmart92.

afarang, I'd certainly drive 25kms to a decent bank, it's nearly that to the AEON ATM I use anyway from where I live. I usually multitask and do a bit of shopping etc.

The reason I asked about the transfer is that sometimes I need to draw out more than 20,000B which is the maximum the ATMs will pay out in a day.

...

I use the AEON ATM in CM and I can take out THB 40000 for sure.

Look for the option "other amount". then you can type in the amount you want.

As mentioned in a previous thread 40,000 is the limit, because the pay-out-compartement can only take 40 notes (à 1000 Baht)

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I may be wrong but I don't think Thai bank account ATM cards can withdraw from AEON machines. I tried once with my Kasikorn card and it didn't work.

Bank of Ayudhya (yellow bank) also known has KrungSri has a 30,000 limit per transaction limit even for ATMs from other banks and I believe Bangkok Bank has 25,000

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I suspect that my Australian banks have some sort of nanny state rule about withdrawal limits overseas in case some boofhead gives his paramour of the week his ATM card.

I suppose in theory it stops her cleaning out the account in a single day.

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Many times limits are placed by an individuals own personal Foreign bank of the amount that can be withdrawn in one day.

Mine limits me to $500 US equivalant can be withdrawn on any one day from midnight til 11:59pm in my home banking time zone.

Tried to inquire previousely about opening a local bank account. Every time the Banking Staff told me I had to have a Work Permit even tho I have an O-A Visa.

They are wrong, but TIT, so I just gave up trying.

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I am looking into this On-Line Bank from the USA where there are no ATM or foreign transaction fees and any additional International or Local ATM fees charged by other banks are reimbursed.

It is Schwab Bank USA. Here is the link to their site for anyone interested.

http://www.schwab.co...ending/checking

Edited for Typos

Edited by KimoMax

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I am looking into this On-Line Bank from the USA where there are no ATM or foreign transaction fees and any additional International or Local ATM fees charged by other banks are reimbursed.

It is Schwab Bank USA. Here is the link to their site for anyone interested.

http://www.schwab.co...ending/checking

Edited for Typos

I have been with Schwab over 25 years. Very customer friendly company. I use them to wire money from my brokerage account to my BKK Bank (no WP) account ($25). Not sure how easy it will be to set up an account while you are in Thailand. Seems like someone I talked to said there was problem, There are still fees involved in geting cash from an ATM (Visa CC type) but reasonable considering.

It should be noted that my Schwab bank account is linked to my brokerage account so I do not know anything about a stand alone account.

Edited by scorpio1945

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Well forget about Schwapp unless you have an Investment account with them.

Some One said Bangkok Bank is the way to go, but I need to have a direct deposit into a USA bank and then have access to funds in Thailand without fees, or small amount of fees.

Currenly it cost me about $20 in fees for every $500 I withdraw. So if I take $3000 it will cost me $120 in US bank fees (even thos the 150 baht service fee is re-imbursed by my bank). $5 non bank ATM and 3% international conversion transaction fees (it is all Bull Crappy !, but can't do anything about it).

They used to try to charge a 1% visa or mastercard transaction fee, bt now it is a International monetarry conversion fee of 3%......... BS !

Friend suggested Bangkok Bank, will check on that.

Edited by KimoMax

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Well I ended up opening an account with Kungsri.

I went to Kasikorn first and they told me it was 700 baht for an ATM card and then 500 baht per year. It seemed a bit steep so I went to Kungsri and their charges for an ATM card are "only" 300 baht per year.

So I figured I'd try them out and if I have any problems might consider switching at a later stage.

I went to Central so it was easy to walk around to the different banks and check each one out.

Thanks for all the info.

Cheers,

Rich

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I can't see I'd need an ATM card, the idea is to get away from the limitations of ATM withdrawals.

>>>

I just spoke to the mrs and she was astounded when I told her Kasikorn pulled the 700/500 stunt.

Sounds like it needs a bit more looking into, I'll do some more research next week.

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Well I ended up opening an account with Kungsri.

I went to Kasikorn first and they told me it was 700 baht for an ATM card and then 500 baht per year. It seemed a bit steep so I went to Kungsri and their charges for an ATM card are "only" 300 baht per year.

So I figured I'd try them out and if I have any problems might consider switching at a later stage.

I went to Central so it was easy to walk around to the different banks and check each one out.

Thanks for all the info.

Cheers,

Rich

Hadn't heard of that one before, that's going to cost them business if they don't change, haven't heard of any other bank with that charging structure, bummer. But as you say, you can always change later if it doesn't suit.

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I'll try here and see if I get the info: For a Swift transfer from Canada to Bank of Bangkok Chiang Rai, I need a tax #? Now is this a tax number for me? or the bank? If the bank, where can I find it on my bank book? If for me, well I don't have one and would prefer not being taxed on my money by canada and again by Thailand :lol: .

Thanks guys

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